Raymond James Financial, Inc. Advisor, Supervision -General Investment Advisory in St. Petersburg, Florida
The Advisory Supervision team provides fiduciary oversight of Investment Adviser Representatives (IARs) in accordance with SEC regulations and guidelines as well as firm policies governing advisory accounts. An Advisor, general investment advisory is expected to conduct reviews which can include – fiduciary and investment advisory reviews consistent with the Investment Advisers ACT of 1940, IAR planning / meetings with clients, analyze data and directly communicate with IARs regarding their findings and review certain trading activity.
Some guidance is provided to perform varied work that is comprehensive in nature and which requires evaluation, originality and ingenuity to make moderately complex decisions. The candidate will need to resolve and/or recommend solutions to complex problems. Leads defined work or projects which may entail considerable scope and complexity. Maintains extensive contact with internal customers to identify, research, and resolve problems.
An Advisor for the team will support Raymond James’ Private Client Group to lead direct supervision of discretionary and non-discretionary advisors. Responsible for advanced review and resolution by effectively communicating and partnering with Private Client Group advisors on sensitive issues and manages conflict in line with the firm’s culture and strategy.
May train and mentor new or less experienced team members. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity and provides comprehensive solutions to complex problems. Leads defined work or projects of moderate scope and complexity.
Essential Duties and Responsibilities:
Monitors the sales practices, fiduciary and investment advisory activities of advisors and branch managers through the use of various reports and systems.
Pro-actively ensures compliance with applicable industry rules (i.e. State, FINRA & SEC) and platform policies and procedures as they apply to account trading activity of advisor and branch managers clients’ accounts by monitoring advisor and branch manager activity, reporting findings and managing concerns in a professional and educational manner.
Interfaces with specific business platform sales management associates to inform them of any supervisory concerns that may arise with advisors and branch office managers and work together with them to address these concerns as well as to resolve any conflicts that may arise related to client accounts of the advisors and branch managers.
Monitors and keeps up to date with securities/advisory regulations and applies them accordingly.
Interprets, applies and recommends changes to organizational policies and procedures.
May consult independently with advisors and branch managers and recommend actions to ensure compliance with existing rules and regulations as well as prevent potential liability.
Uses financial data and performance indicators to propose and/or assist with establishing control mechanisms and other improvement initiatives. Identifies trends and assists with implementing corrective action as necessary.
Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities:
Company’s working structure, policies, mission, and strategies.
General office practices, procedures, and methods.
Concepts, practices and procedures of securities industry and/or banking compliance, including suitability and other compliance issues involved with retail activity.
Principles of banking, finance, and securities industry operations
Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies; and/or Federal Deposit Insurance Corporation (FDIC) sufficient to perform the functions of this job.
Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.
Detail orientation to ensure the regulatory liability is limited, without impairing workflow.
Utilizing business-appropriate phone manners.
Organize, prioritize, manage, and track multiple detailed tasks and assignments, including those delegated, to complete work efficiently.
Independently manage and complete multiple projects and tasks; work independently with minimal direct supervision.
Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels.
Work effectively with Financial Advisors as their sales supervisor and enforce company policies and procedures as necessary.
Establish and communicate clear directions and priorities.
Provide a high level of customer service.
Educational/Previous Experience Requirements:
- Bachelor’s degree (B.A) in a related discipline and a minimum of five (5) years of experience in Supervision and/or the financial services industry.
- An equivalent combination of experience, education, and/or training.
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, 24 and 66
Series 7 and 65 can be used instead of the 66
Applicable designation or CFP can be used instead of the 66 and must be in good standing
Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.
Job: Auditing & Compliance
Primary Location: US-FL-St. Petersburg-Saint Petersburg
Job Shift Day Job
Travel Yes, 5 % of the Time
Req ID: 2101835
Raymond James Financial, Inc.
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