Supervision Officer
The Central Supervision team is looking for a qualified candidate to join its high-impact team, responsible for developing, implementing, and enforcing supervisory policies and procedures across multiple client coverage channels, including Private Wealth Management (PWM), North American Institutional, and North American Intermediary. This position provides crucial oversight for portfolio management and client relations, ensuring compliance with internal standards and external regulations.
Key Responsibilities:
Provide procedural guidance to Portfolio Managers, Wealth Advisors, Salespersons, administrators, and other internal teams through emails, phone inquiries, and staff meetings.
Review and approve account maintenance and new account setup, including both natural person and entity accounts, across various asset classes (equity, fixed income, private equity/credit, and hedge funds). Focus on ensuring compliance with best interest standards, investment policy statement (IPS) reviews, and documentation requirements.
Monitor Discretionary & Non-Discretionary Investment Advisory program relationships using proprietary tools, identifying and resolving alerts related to IPS compliance, such as deviations from asset allocation/risk profiles, portfolio holdings suitability, alternative investment exposure, and other related activities.
Ensure portfolio holdings align with client objectives, maintaining compliance with best interest standards.
Approve trade corrections, errors, and reallocations for retail clients.
Evaluate trade rotation and allocation processes of portfolio management teams to ensure adherence to policies and procedures.
Review daily trade blotters and reports to verify compliance with internal policies and external regulations.
Assess periodic supervisory reports on the suitability of portfolio holdings and activities, collaborating with relevant teams to resolve exception items.
Work closely with internal and external auditors and Legal and Compliance teams to address regulatory inquiries.
Cross-train in additional supervisory areas as business needs evolve.
Must be able to work on-site five days a week during the first year.
Key Qualifications:
Bachelor’s Degree required.
Series 7, 66, and 24 (or 9/10) licenses required.
3-5 years of investment advisory or broker-dealer experience, with a focus on supervisory principal activities.
Strong attention to detail, excellent organizational and follow-up skills.
Ability to work independently while being a collaborative team player.
Demonstrated critical thinking and sound judgment in evaluating and resolving complex issues.
Strong interpersonal and communication skills, with the ability to engage effectively with staff at all levels.
Proven ability to analyze and communicate complex issues, both verbally and in writing.