Wealth Supervisory Control Manager
Apply NowCompany: Capital Markets Placement
Location: Johnston, RI 02919
Description:
Job Description
The Wealth Supervisory Control Manager provides oversight to a team responsible for reviewing and approving various financial transactions, accounts, and activities, ensuring compliance with regulatory standards and internal policies, by meticulously examining documentation and identifying potential risks, while providing guidance to team members on complex cases and maintaining a high level of quality control within the principal review function.
Job requirements
The incumbent is responsible for risk management and compliance, which consists of the development and implementation of risk management strategies and procedures to ensure compliance with regulatory requirements and internal policies. Additionally, the incumbent is responsible for financial control and reporting, operational oversight, and internal audit and control testing. Lastly, the manager is responsible for stakeholder communication and collaboration.
Key responsibilities may include:
Qualifications:
Hours & Work Schedule
About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens), provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability, or history or record of a disability, ethnicity, gender, gender identity or expression, transgendered and transitioning individuals, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.
Equal Employment and Opportunity Employer
Job Applicant Data Privacy Policy
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
The Wealth Supervisory Control Manager provides oversight to a team responsible for reviewing and approving various financial transactions, accounts, and activities, ensuring compliance with regulatory standards and internal policies, by meticulously examining documentation and identifying potential risks, while providing guidance to team members on complex cases and maintaining a high level of quality control within the principal review function.
Job requirements
The incumbent is responsible for risk management and compliance, which consists of the development and implementation of risk management strategies and procedures to ensure compliance with regulatory requirements and internal policies. Additionally, the incumbent is responsible for financial control and reporting, operational oversight, and internal audit and control testing. Lastly, the manager is responsible for stakeholder communication and collaboration.
Key responsibilities may include:
- Compliance Oversight: Leading the team in reviewing and approving transactions, new account openings, margin applications, options trades, and other activities requiring principal approval to ensure adherence to FINRA, SEC, and other regulatory requirements.
- Team Management: Supervising a team of Principal Review specialists, assigning tasks, providing training, coaching, and performance evaluations to maintain high standards of accuracy and efficiency.
- Risk Assessment: Identifying potential compliance risks within transactions and accounts, escalating issues to relevant departments for further investigation and corrective action.
- Policy Interpretation: Interpreting firm policies and procedures related to principal approvals, ensuring consistent application across the team.
- Regulatory Reporting: Maintaining accurate records of review activities and preparing reports for regulatory examinations as needed.
- Stakeholder Communication:
- Collaborating with other departments like sales, and compliance to address issues, clarify guidelines, and ensure smooth operations.
Qualifications:
- In-depth knowledge of securities industry regulations, including FINRA rules, suitability guidelines, and anti-money laundering regulations.
- Minimum of 6 years of industry experience in compliance or supervision is required.
- Series 7, Series 66 (or Series 63 and Series 65) and Series 24 (or Series 9/10) licensure required.
- Ability to lead and motivate a team, provide effective feedback and coaching to staff.
- Insurance licensure and Series 4 preferred.
- Strong verbal and written communication skills
- Strong organizational and teamwork skills.
Hours & Work Schedule
- Hours per Week: 40
- Work Schedule: M-F
About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens), provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability, or history or record of a disability, ethnicity, gender, gender identity or expression, transgendered and transitioning individuals, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.
Equal Employment and Opportunity Employer
Job Applicant Data Privacy Policy
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.