Supervisory Principal
Verity Asset Management
Due to recent growth opportunities, Verity Asset Management is seeking to expand its sales supervision team. The Supervisory Principal position offers a unique opportunity for a seasoned industry professional to apply their knowledge and experience while performing various business review functions in their capacity as a Firm principal. This will require a self-motivated individual with strong critical-thinking and communication skills, who can work within a fast-paced, time sensitive environment. Further, this individual must possess a deep understanding of the industry and the related financial products and services.
The Supervisory Principal is charged with maintaining ongoing relationships with their designated advisors to educate, guide, and assist them with their sales growth acting as a business consultant. They will act as a point of contact and assist where necessary to help build compliant and profitable business partnerships with Verity.
The Supervisory Principal is responsible for serving as a subject matter expert for Financial Professionals across the country and will be responsible for ensuring that the assigned financial advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm.
What you will do:
The Supervisory Principal will focus primarily on principal review, business oversight, and other related tasks including but not limited to:
• Report directly to the Chief Compliance Officer
• Perform principal review and supervision of securities transactions including, but not limited to, suitability review of brokerage accounts, advisory accounts, and direct business accounts such as annuities and mutual funds
• Provide support and guidance to Financial Representatives and their staff as it relates to the business review and approval process
• Communicate and respond to Financial Representatives regarding supervision issues, compliance, industry rules, Firm policies and procedures, etc.
• Identify suspicious patterns in sales and business practice, conduct investigations, and take appropriate corrective action as needed to document, manage, and escalate supervisory concerns
• Onboard new representatives through the transition process
• Identifies and executes training based on advisor needs and opportunities
• Engage in regular supervisory office visits in order to promote company supervisory practices, follow up on audit findings, and proactively address potential compliance issues to minimize risk to the client and the Firm
• Understand all facets of the WSPs and consult with the Firm's Compliance department on any issue where additional guidance is necessary to perform the supervisory functions
• Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, and participating in professional societies
• Assist with regulatory exams and requests as well as assist with other internal investigations and reviews relative to supervised advisors
• Work closely with other team members, departments, home office staff and field personnel to promote the overall objectives of the Firm
What you need to have:
• Bachelor’s degree
• Licenses Required: Series 7 and 24. Series 53 and 66 (or 63 and 65) required or must pass within 120 days of employment, life and health insurance license a plus but not required
• 3+ years of relevant securities industry experience
• 2+ years supervisory and/or sales experience within the brokerage industry
• Strong working knowledge of industry products and services (stocks, bonds, mutual funds, ETFs, REITs, annuities, life insurance products, etc.)
• Deep understanding of industry rules governing transactions and suitability
• Excellent technology and communication skills
• The desire to be an enthusiastic and cooperative team player willing to contribute as necessary to promote the success of the Firm as a whole
Knowledge and traits
• Great customer service and communication skills
• Previous compliance, supervisory and/or sales experience within the industry
• Ability to effectively work and thrive in a fast-paced environment where prioritizing or multi-tasking may be required
• Knowledge of investment advisor and broker dealer sales practice issues and best practices
• Knowledge of FINRA, SEC, and state rules and regulations
• Ability to communicate both verbally and in writing in a professional and effective way
• Ability to use Microsoft Office (Word, Excel, PowerPoint) effectively
To apply please send your resume to compliance@verityinvest.com.