Supervisory Principal

JOB DESCRIPTION

JOB TITLE : Supervisory Principal

EMPLOYER : Signature Estate and Investment Advisors

DEPARTMENT : Compliance Department

LOCATION : Cleveland, Ohio

REPORTS TO : Chief Compliance Officer

EFFECTIVE DATE : 5 / 1 / 2024

SUMMARY :

The Supervisory Principal will play a pivotal role in overseeing and ensuring compliance within the Midwest Region and the firm in general.

The individual will be responsible for trade review and suitability, advertising review, maintaining a strong understanding of annuities and life insurance, and effectively communicating with advisors.

The candidate should be well-versed in FINRA Rule 3120 and 3130 and be adept at dealing with OFAC and FinCEN regulations.

While the primary focus will be on BD compliance, the role also requires contributing to RIA compliance efforts. This dual responsibility demands a flexible, knowledgeable individual who can manage diverse compliance requirements effectively.

DUTIES AND RESPONSIBILITIES :

Task will include but will not be limited to :

• Responsible for holding the role and responsibilities of the Person In-Charge for the Midwest Region
• Conducting trade review and ensuring suitability of recommendations.
• Reviewing and approving advertising and sales literature in compliance with regulatory requirements.
• Strong understanding of annuities, life insurance products, and other BD products to aid in the pre-approval of annuities and life insurance products
• Ensuring adherence to OFAC and FinCEN guidelines and implementing associated compliance procedures.
• Communicating effectively with advisors, providing guidance, and addressing inquiries regarding compliance matters.
• Implementing and maintaining procedures and controls to ensure compliance with FINRA Rule 3120 and 3130.
• Conducting regular reviews and audits to identify and mitigate compliance risks.
• Staying abreast of new and changing regulatory requirements, providing assessments on how they apply to our business and developing written policies and procedures to update the supervision manuals.

Other related document creation.

• Enforce the Policies & Procedures and Written Supervisory Procedures across the business.
• Perform supervision within queues with regards to transaction, account, correspondence & client record reviews.

SUPERVISORY RESPONSIBILITIES :

This role does not have management responsibilities.

QUALIFICATIONS :

• This role is an in office position located in Cleveland, OH
• Minimum of 3 years compliance experience in RIA, BD or Insurance space
• Required Series SIE, 7, 66 (or equivalent). Series 24, required within 6 months of hire.
• Preferred : Insurance License. Series 4, 53 or must obtain within 6 months of hire.
• Undergraduate Bachelor's Degree or equivalent.
• Proficient with the Microsoft Office Suite, including strong Excel skills
• Strong analytical, problem-solving and organization skills
• Excellent verbal, written and interpersonal communication skills
• Strong knowledge of the broker-dealer regulatory environment, including FINRA, SEC, and state regulations.
• Proven understanding and experience with annuities and life insurance products.
• Proficiency in reviewing advertising and ensuring compliance with applicable rules.
• Excellent communication skills with the ability to articulate complex compliance matters clearly and effectively.
• Able to communicate with professionals at all levels
• Able to work independently and take initiative
• Able to adapt to changing priorities
• Able to work on multiple projects with accuracy and efficiency, while keeping to deadlines
• Detail-oriented
• A team player

COMPETENCIES :

Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity;

Promotes a harassment-free environment; Builds a diverse workforce.

Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically;

Upholds organizational values.

Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation;

Able to deal with frequent change, delays, or unexpected events.

Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data;

Designs work flows and procedures.

Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition;

Aligns work with strategic goals.

Change Management - Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance;

Prepares and supports those affected by change; Monitors transition and evaluates results.

Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue;

Conserves organizational resources.

Delegation - Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently;

Sets expectations and monitors delegated activities; Provides recognition for results.

Design - Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs;

Applies design principles; Demonstrates attention to detail.

Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks;

Looks for and takes advantage of opportunities; Asks for and offers help when needed.

Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work;

Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.

Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting;

Keeps emotions under control; Remains open to others' ideas and tries new things.

Judgement - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions;

Includes appropriate people in decision-making process; Makes timely decisions.

Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others;

Accepts feedback from others; Gives appropriate recognition to others.

• Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities;
• Makes self available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth;

Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.

Continually works to improve supervisory skills.

Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification;

Responds well to questions; Demonstrates group presentation skills; Participates in meetings.

Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values;

Benefits organization through outside activities; Supports affirmative action and respects diversity.

Planning / Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives;

Organizes or schedules other people and their tasks; Develops realistic action plans.

Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions;

Works well in group problem solving situations; Uses reason even when dealing with emotional topics.

Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position;

Accepts responsibility for own actions; Follows through on commitments.

Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget;

Manages project team activities.

• Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.
• Safety and Security - Observes safety and security procedures; Determines appropriate action beyond guidelines; Reports potentially unsafe conditions;

Uses equipment and materials properly.

Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses;

Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.

• Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback;
• Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives;

Supports everyone's efforts to succeed.

Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills;

Shares expertise with others.

Visionary Leadership - Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision;

Provides vision and inspiration to peers and subordinates.

Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs;

Presents numerical data effectively; Able to read and interpret written information.