Supervisory Principal Job Description
Supervisory principal
provides support for internal and external inspections by outside entities including credit unions, NCUA, state regulators, SEC and FINRA.
Supervisory Principal Duties & Responsibilities
To write an effective supervisory principal job description, begin by listing detailed duties, responsibilities and expectations. We have included supervisory principal job description templates that you can modify and use.
Sample responsibilities for this position include:
Act as a liaison for transitioning practices to the broker dealer home office OSJ direct model
Collaborates with broker dealer OSJs and shares best practices associated with the home office OSJ direct model
Coordinate FINRA filings with compliance team
Review of securities transactions on the electronic trade blotter including but not limited to equities, fixed income, mutual funds, UITs, municipal securities, and 529
Reports to senior management with quarterly risk assessments and may propose new policies or procedures regarding risk
Performs reviews of client accounts and documents and helps resolves client complaints
Assist with regulatory exams and requests assist with the maintenance of the department’s written supervisory procedures
Handle Registration issues
Lead and/or participate on project teams to upgrade/ implement new regulatory related systems special projects as needed
Oversees and supports recruited branch offices throughout the United States and US Territories reporting to the broker dealer’s home office OSJ direct recruited model
Supervisory Principal Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Supervisory Principal
List any licenses or certifications required by the position: III, APDP
Education for Supervisory Principal
Typically a job would require a certain level of education.
Employers hiring for the supervisory principal job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Education, Management, Technical, Communications, Financial Services, Department of Education, Chemistry
Skills for Supervisory Principal
Desired skills for supervisory principal include:
Annuities
General securities
Mutual funds
Financial products
State rules and regulations
FINRA SEC
SEC
FINRA
Practices
State and federal securities laws
Desired experience for supervisory principal includes:
Investment Trade Review Officer II – Grade 18 o Bachelor’s degree in management, finance or other closely related field
BachelorÆs degree in Business Administration, Finance, or equivalent experience required
Typically requires 5 or more years of sales supervision experience within the brokerage industry
Excellent communications, organizational, and follow up skills
Undergraduate degree in Business, Accounting, Finance or related discipline required
Series 7, 66 (or 63 and 65), 24 (or 9 and 10), 53 required (or ability to obtain S53 within 90 days)
Supervisory Principal Examples
1
Supervisory Principal Job Description
Job Description Example
Our company is growing rapidly and is looking for a supervisory principal. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for supervisory principal
- Maintain a high level of knowledge on industry trends and areas of focus to ensure appropriate supervisory practices are in place
- Provides on-boarding support to new registered representatives affiliating with LFS home office OSJ direct report model
- Provides coaching, development and training to retain quality registered representatives reporting to the home office OSJ direct model
- Connects registered representatives with other broker dealer and enterprise business units to facilitate sales activities
- Ensures that all broker dealer, investment advisor and registered representative’s compliance functions including all rules, regulation, policies and procedures are followed
- Conduct broker dealer’s supervisory branch audit for home office OSJ direct report offices and report results to Compliance
- Reviews and approves all outside business activities for LFS registered representative reporting to the home office OSJ direct model
- Provides daily supervision for registered representatives and registered administrative positions that report to the home office OSJ direct report model
- Evaluates performance, coaches for development and manages compensation planning and profitability for home office OSJ direct report model
- Actively monitor the supervisory systems for their assigned advisors and OSJs and assist in the resolution of heightened transaction review issues and various other situations where the first line supervisor must be involved and make the final decision
Qualifications for supervisory principal
- Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio
- Series 4 & 53 required or must pass within 120 days of employment (for candidates with S24)
- 3-5+ years of experience in financial services sales and life insurance product knowledge that directly aligns with specific responsibilities for this position
- Ability to read and interpret documents such as policies, procedures, regulations
- Ability to read, analyze, and interpret general business periodicals, professional journals, regulatory notices, technical procedures
- Ability to write reports and business correspondence, policies, renewals and proposals
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Supervisory Principal Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of supervisory principal. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for supervisory principal
- Maintain a high level of understanding and expertise on the characteristics and features of annuities and insurance product strategies and the benefits they offer in certain strategies/portfolios
- Review and approve trades daily for mutual funds, bonds, UITs, structured notes and CDs for suitability
- Assist with regulatory exams and requests assist with other internal investigations and reviews relative to supervised advisors and OSJs
- Supervise foreign language correspondence
- Interaction/conversation with advisors regarding correspondence
- Assist with regulatory exams and requests the maintenance of the department’s written procedures
- Review research/strategy products (notes, reports, presentations, ) for quality and adherence to relevant regulations and business standards
- Provide regulatory/business approval for research/strategy/marketing content to be distributed to Financial Advisors and clients
- Review requests for public appearances, trades and generate appropriate disclosures if necessary
- Provide compliance training as necessary
Qualifications for supervisory principal
- Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio and familiarity with BETA a plus
- Series 7, 24, 4, 53 or 9/10 required (or must pass within 90 days of employment)
- Fluent in Spanish in both written and verbal communication
- Strong understanding of complex products
- Series 7, 9 and 10 (or Series 24)
- Broker Dealer and Registered Investment Advisory compliance experience
3
Supervisory Principal Job Description
Job Description Example
Our company is growing rapidly and is looking for a supervisory principal. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for supervisory principal
- Project work and additional tasks as assigned by the Director of Sales Practices (DOSP)
- Collaboration with all areas of CLR, IFS and other business partners to escalate and resolve concerns
- Provide consultative support IFS
- Review of securities transactions on the electronic trade blotter including but not
- Provide awareness across all BRM departments of any investigations, escalations, or
- Conduct supervisory principal review and sign off on all incoming correspondence including fax, email
- Conduct supervisory principal review, pre-approval and sign off on all outgoing correspondence including fax, email
- Conduct supervisory principal review of all written complaints received and forward to the Compliance Department and OSJ Manager for processing
- Conduct supervisory principal review and approval of trade adjustments and error corrections
- Conduct OSJ branch audits of FA hub locations and any follow-up visits to validate completion of all required corrective actions for OSJ and Compliance branch audits
Qualifications for supervisory principal
- Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint
- Proficient in all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio
- Possess problem-solving ability through detailed analysis of various rules, regulations and laws
- Able to work in and develop a team environment
- Possess an ownership mentality balanced with large company focus and common culture
- Strict adherence to professional ethics and employee code of conduct policies
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Supervisory Principal Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of supervisory principal. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for supervisory principal
- Act as key contact and subject matter expert for Financial Advisors, OSJ Supervisors, & Home Office Supervisors, and assist in any program/client issues in regards to variable, fixed indexed annuities or other complex products
- Conduct supervisory principal review of external e-mails through AXS-ONE
- Conduct supervisory principal review and respond to State Registration and Blue Sky e-mails from Compliance
- Conduct supervisory principal review, approval, and sign off on Advertising Request forms
- Conduct supervisory principal review, approval, and sign off on Speaking Engagements and Seminars
- Issue Activity Letters to clients
- Conduct supervisory principal review, approval, and sign off on LOAs
- Conduct supervisory principal review of Employee Trading report in accordance with the OSJ Manager Supervisory Manual
- Conduct supervisory principal review of Trade History Report in accordance with the OSJ Manager Supervisory Manual
- Conduct supervisory principal review of Branch Exception report in accordance with the OSJ Manager Supervisory Manual
Qualifications for supervisory principal
- Computer proficiency and the ability to learn and retain knowledge of the company’s computer, operational and software systems
- Strong compliance background with a conservative compliance orientation
- Bachelor's degree in management, finance, or other closely related field is preferred, along with two to four years’ experience in a Principal review desk position
- Great attention for detail is a must
- A series 7, 63, 24, and Life Insurance licenses are required
- 3 or more years of experience in investment securities sales, sales supervision, operations or compliance
5
Supervisory Principal Job Description
Job Description Example
Our innovative and growing company is looking for a supervisory principal. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for supervisory principal
- Act as key contact and subject matter expert for Financial Advisors, OSJ Supervisors, & Home Office Supervisors, and assist in any program/client issues in regards to life insurance, variable, fixed indexed annuities or other complex products
- Conduct supervisory principal review of Annuity report, and VA Exchange report in accordance with the OSJ Manager Supervisory Manual
- Conduct supervisory principal review of C Share report in accordance with the OSJ Manager Supervisory Manual
- Conduct supervisory principal review of all pre-approved outside brokerage account statements and/or confirmations
- Ability to make regulatory and supervisory-based decision
- Perform daily and periodic analysis and supervision of consolidated reporting activity
- Act proactively to identify and escalate potential issues or risks
- Report status of assigned projects and make management aware of roadblocks which might impact the timeliness of completion
- Assist in the creation and execution of initiatives to improve and streamline procedures
- Develop and deliver training to internal business units, as necessary
Qualifications for supervisory principal
- Demonstrate close attention to detail
- Ability to analyze complex situations in a high risk fast- paced environment
- Professional verbal and written communication skills with the ability to develop and present department presentations
- Display strong computer skills, quantitative and analytical abilities
- Ability to be a self-starter, to work independently and in a team environment, with limited supervision
- Establish a consistent level of quality and accuracy