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Job Description

Job Summary:

Sr. Manager of Money Movements Supervision will manager a supervisory team responsible for the oversight of money and security movements. The team will administer and analyze various supervision reviews to detect trends and possible rules violations to ensure adherence to securities industry regulations and limit firm liability. This Sr. Manager will be responsible for managing day-to-day money & security movement activities and will ensure that associates adhere to applicable regulations as well as Raymond James policies and procedures.

Under limited direction, directs and leads a team with a high level of autonomy, uses advanced knowledge and skills in securities industry regulations obtained through education, experience, specialized training and/or certification, to provide management of the COI Supervision program.

The leader must have strong problem-solving and decision-making skills to escalated topics, be highly collaborative, and be focused on people development. Also, the leader will be responsible for maintaining extensive contact with internal customers to identify, research, analyze, and resolve complex supervisory issues.

Essential Duties and Responsibilities:

• Serves as a subject matter expert on Money Movement Supervision topics by maintaining proficient knowledge of applicable compliance statutory regulations and interpretations.

• Coaches and mentors associates, identifies training needs and recommends development programs. Directly manage and develop staff, identifying training opportunities.

• Plans, assigns, monitors, reviews, evaluates and leads the work of associates.

• Key driver for high priority MM initiatives working across multiple stakeholders and various business functions and with a high level of organizational impact.

• Work with business management and branch managers to develop, communicate and implement strategies, procedures and technology systems.

• Builds trust and rapport through all interactions to deliver the right outcomes for the business; Consults independently with Advisors and Associates to recommends actions that ensure compliance with existing rules and regulations as well as prevent potential liability.

• Serves as a point of approval for policy or process escalations that require supervisory management sign off.

• Present periodically to stakeholders on “Money Movement” supervisory initiatives.

• Develop, implement, sustain, monitor and when necessary revise supervision procedures and workflows that reflect “best practices” and ensures the firm is adhering to all legal and regulatory requirements.

• Communicate and train the field regarding regulatory rules and firm policy changes.

• Key point of contact to respond to applicable regulatory inquiries, compliance testing, and internal audit.

• Uses metrics data and quality assurance feedback to identify key areas of risk and inefficiency to identify training opportunities and other improvements. Identifies trends and implements corrective action as necessary.

• Maintains extensive contact with internal partners to identify, research, analyze and resolve complex issues with significant impact.

• Maintains and executes on enhancements to the the Money & Security Movement systems for the firm.

• Ensures effective coordination and communication occurs between supervision, PCG management, compliance, legal and other functional areas.

• May deliver presentations at firm and industry-related conferences.

• Conducts Money & Security Movement approvals through the use of various systems.

• Contacts clients to verbally verify disbursements that meet certain thresholds.

• Reviews ACH, Standing LOA, and Periodic Payment setups for Branch Manager Client accounts. Reports findings and manages concerns in a professional manner.

• Performs the Cash Management Review to detect potential sales practice violations in relation to the receipt, disbursement, or transfer of funds within the RJFS system.

• Monitors and responds to emails received in the Money Movement Supervision inbox.

• Interfaces with divisional management associates to inform them of any supervisory concerns that may arise with branch office managers/FAs and works together with them to address these concerns as well as to resolve any conflicts that may arise related to client accounts.

• Monitors and keeps up to date with regulations regarding money & security movement activity in client accounts and applies them accordingly.

• May participate in the formation of policies related to compliance.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities:

Knowledge of:

• Broad subject matter expertise in retail supervision activities, specifically money & security movement.

• Strong foundation in supervisory concepts, practices and procedures used in the securities industry, financial markets and financial products.

• Concepts, practices and procedures of the securities industry particularly as it relates to money & security movement.

• Human resource management principles and practices.

• Company’s working structure, policies, mission, and strategies.

• General office practices, procedures, and methods.

• Investment concepts, practices and procedures used in the securities industry.

• Suitability and other compliance issues involved with branch manager/FA trading activity.

Skill in:

• A professional and pleasant demeanor to work with advisors and internal clients; utilize tact and diplomacy in dealing with employees and clients in a deadline-driven environment.

• Strong interpersonal and communication skills to deal with financial advisors, branch support staff, home office personnel, and clients in all types of matters including those that may be sensitive.

• Managing a team of approximately 5 resources .

• Project management particularly in the delivery of technology and other change management initiatives.

• Strong analytical skills, including demonstrated experience identifying and quantifying complex problems and providing effective resolutions.

• Developing policies, procedures, objectives and short-and long-range plans and implementing projects and programs to accomplish goals.

• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, presentations, and databases.

• Critical thinking and decision-making, involving the interpretation of regulatory rules and compliance policies.

• Detail orientation to ensure the regulatory liability is limited, without impairing workflow.

• Utilizing business-appropriate phone manners.

Ability to:

• Organize, prioritize, manage, and track multiple detailed tasks and assignments, including those delegated, to complete work efficiently.

• Establish and communicate clear directions and priorities.

• Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels.

• Attention to detail while maintaining a big picture orientation, balancing conflicting resource and priority demands.

• Foster a cooperative work environment and partner with other functional areas to accomplish objectives.

• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities. Keep all appropriate parties up-to-date on decisions, changes, and other relevant information.

• Handles stressful situations and provide a high level of customer service in a calm and professional manner. Articulate reasons behind decisions.

• Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.

• Interpret and apply investment advisor regulations and identify and recommend changes in policies and procedures, as appropriate.

• Maintain confidentiality.

• Manage, coach and mentor others.

Licenses/Certifications:

• Appropriate series license(s) for assigned functional area preferred or the ability to obtain within an established timeframe.

• SIE required provided that an exemption or grandfathering cannot be applied.

• Required to have a Series 7, 9 and 10

• Series 24 can be used instead of the 9 and 10

• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.

Education

Bachelor’s: Business Administration, Bachelor’s (Required)

Work Experience

General Experience - 6 to 10 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same

• Work with and through others to achieve desired outcomes

• Make prompt, pragmatic choices and act with the client in mind

• Take ownership and hold themselves and others accountable for delivering results that matter

• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

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