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Regional Principal
Union Bank
Glendale, CA, United States
Job Details - this job has expired, please see similar jobs below
Reporting directly to the Brokerage Operations Manager, the Regional Principal assists with the day-to day compliance, sales and administrative oversight functions. Responsibilities include transaction surveillance, e-mail and correspondence review, presenting compliance and sales practice training, on-going interaction with the field, management, Compliance and internal and external auditors.
Major Responsibilities:
• 30% Ensure adherence to company policy and securities regulations by reviewing various compliance exception and monitoring reports to include: suitability reviews, mutual fund breakpoint and share class review, trend analysis, mark-up/mark-down, and annuity sales practice reviews. Escalate concerns and findings and coordinate follow-up with the Brokerage Operations Manager, Compliance, and/or sales personnel, as appropriate. Review transaction activity for compliance with Bank Secrecy Act & Anti-Money Laundering regulatory requirements. Interface with sales management and registered representatives regarding sales practice reviews and supervisory issues.
• 25% Monitor written and electronic communications by registered representatives and associated persons in the region to ensure compliance with Firm and Regulatory guidelines. Review principal approve advertising, marketing, sales literature, contests and other similar items ensuring adherence to Regulatory and Firm guidelines.
• 25% Assume delegated responsibility for compliance and supervisory related projects including but not limited to annual OSJ Compliance exam, branch office reviews, investigate both sales practice and non-sales practice verbal and written customer complaints and/or Compliance investigations, review of rep non-cash compensation logs, monitoring associated persons outside brokerage and outside business activity and annual written supervisory policy (WSP) testing.
• 10% Provide compliance and sales practice training to the field as needed. Assist in addressing and monitoring disciplinary actions and letters of probation as they pertain to policy and procedure violations and/or production issues. Responsible for processing the reassignment of reps at a branch level and with various annuity/insurance companies. Facilitate employment termination process including back office notification and systems termination.
Qualifications
• Demonstrate collaboration and the ability to communicate effectively with co-workers, clients and prospects.
• Excellent written and verbal communication skills.
• Requires a high level of knowledge with investment services, products, practices, and general market trends.
• Well-developed analytical and project management skills, highly organized with the ability to handle multiple tasks and multiple priorities simultaneously; ability to conduct presentations; proficiency in various PC applications, preferably MS Office.
• Bachelor's degree preferred with 5+ years of business experience and/or proven success in a previous related field, along with a minimum 3 + years of broker-dealer regulatory and/or compliance experience; must maintain a FINRA Series 7, 24, 63/66 and insurance license designations.
• Must have securities and insurance product knowledge and knowledge of securities and insurance rules and regulations, including FINRA, SEC, MSRB and DOI.
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.