Branch Administrative and Compliance Manager
Wealth Management division of an investment bank seeks an Administrative Manager to implement and ensure that internal and external policies and procedures are followed.
Additionally, other Branch administrative functions may be assigned to the Admin Manager. This role will have a fixed reporting line into the Head of Business Control.
Responsible for branch’s overall Sales Practice effort, including but not limited to:
• Ensuring adherence to internal policies and regulatory requirements
• Accountable to understand and fulfill all responsibilities but not limited to responsibilities identified on Administrative matrix
• Develop, implement and modify as needed Sales Practice programs for entire branch office
• Communicate compliance, sales practice and legal issues of importance to senior management
• Coordinate and manage audits conducted by regulatory agencies and internal audit department
• Conduct yearly book reviews with brokers in conjunction with the Regional Manager
• Facilitate the execution of certain transactions that require Compliance and/or legal intervention
• Investigate and resolve customer complaints involving sales practice, operational and administrative issues
• Inform & educate Sales Force, senior management, operational and support staff of continually changing industry rules and regulations
• Execute all Sales Practice functions in conjunction with the Regional Manager
• Assist in achieving the Firm’s goal to generate revenues while balancing the department’s obligation of adhering to internal and external rules and regulations
• Approve and review discretionary and advisory accounts which may carry additional risks to the Firm
• Included but not limited to: review of daily trade blotters and Alerts, conducting book reviews, approving new accounts, enforcing documentation policy, suitability review, review of advisory accounts, review of employee trading, and review of errors
• Manage support staff
Qualifications:
• 7+ years broker/dealer and/or branch brokerage sales experience with an expertise in compliance and/or business control
• Series 7, 63 or 66 , 8 or 9/10 licenses required
• 3+ years experience identifying risk associated with trade activity, client suitability, excessive trading, general sales practice issues
To apply please submit your resume to Jack Kelly –
