Senior Trade Suitability Analyst

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Suitability Analyst Opportunity in Financial Services

Senior Trade Suitability Analyst


Location:          20 E. Thomas Rd.  Phoenix, AZ  85012

Summary:

The Senior Trade Suitability Analyst conducts suitability reviews of complex Variable Annuity transactions and replacements and ensures adherence to FINRA Rule 2330 (previously FINRA 2821), as well as reviews other transactions requiring firm pre-approval as directed.  This individual acts as suitability consultant to advisors and less experienced Trade Specialists as needed.

Additionally, our Senior Analyst performs research and actively participates in projects as directed by Manager and Department VP to help monitor, test and improve department policies and procedures to meet Advisor needs and comply with industry regulations. Helps coordinate efforts between the Sales Supervision Manager, the Supervision Regional Vice President (SRVP), Regional Supervision Manager (RSM), and Compliance to ensure business is processed in accordance with the firm’s policies and procedures to protect the client, the First Line Supervisor (FLS), and the firm.

Keys:    risk analysis, transaction review, regulatory compliance     

Responsibilities:

  • Ensures proper business and sales practices are followed by the daily review of all assigned transactions requiring pre-approval to include, but not limited to, Variable Annuities replacements, complex VA Initial Purchases, REITs and 1031 TICs, etc.
  • Acts as a mentor and technical resource to other junior Trade Specialists as needed
  • Works on difficult cases and escalated issues requiring technical expertise and advanced product knowledge
  • Stays fully informed of firm rules, guidelines and procedures as well as regulatory changes
  • Demonstrates superior relationship management skills and participates in the escalation process for rejected transactions by providing technical product knowledge and regulatory analysis
  • Acts as a suitability consultant to the field and First Line Supervisors as needed to address deficiencies and educate on the process and regulatory requirements
  • Monitors, reports, and enforces internal controls to ensure compliance with industry standards and the firm’s policies and procedures
  • Keeps timely workflow and ensures regulatory deadlines are met
  • Maintains an ongoing positive relationship with Advisors and First Line Supervisors in collaboration with the Supervision Regional Vice Presidents (SRVPs ) and Regional Sales Managers (RSMs)
  • All other duties as assigned.

Education Requirements:

  • Bachelor’s degree (B.A. or B.S.) preferred; high school diploma (or equivalent) in combination with significant experience will be considered. 

Basic Requirements:

  • FINRA Series 7, 63 or 66, and 24 (or 8, or 9/10) required
  • At least 3 years’ experience, including at least 2 years in a principal capacity
  • Advanced Variable Annuity knowledge
  • Excellent written and verbal communication skills
  • Ability to effectively handle and prioritize multiple tasks in a fast-paced environment to meet defined deadlines
  • Analytical and problem-solving skills

Preferred Requirements:

  • Life & Variable Insurance licenses preferred.