Trade Suitability Analyst Team Lead

Be a part of the team behind our success!  At Advisor Group, we support more than 5,000 financial advisors, the people who help everyday Americans achieve their dreams. We’re a billion-dollar business with the mentality and drive of a startup. Join us in building something special.

Sales Supervision Team Lead Opportunity in Financial Services

Compliance Analyst Lead


Location:               20 E. Thomas Rd, Suite 2000, Phoenix, AZ  85012

Summary:

Imagine the excitement of working for a billion-dollar startup company with a strong revenue flow and a client base that goes back 60+ years.  Our employees are the “how” and the “why” of Advisor Group’s success.  This position acts as the primary suitability consultant for the team of Trade Suitability Specialist, performs periodic quality assurance inspections on transaction that were reviewed by Trade Specialists and assists monitors, tests, and improves department policies and procedures to meet Advisor needs and complies with industry regulations.

Keys:      pre-approval, Compliance Supervision, Suitability, FINRA    

Responsibilities:

Conducts suitability reviews of complex variable annuity transactions and ensures adherence to FINRA Rule 2330. Performs suitability reviews of Non-Traded Alternative Investment transactions requiring firm pre-approval such as Non-Traded REITs, Managed Futures, and 1031 TICs.

  • 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 Annuity replacements, complex VA Initial Purchases, Non Exchange Traded REITs and 1031 TIC Exchange Programs.
  • Acts as the primary mentor and technical resource and coach to other junior Trade Specialists.
  • Is assigned the most difficult cases requiring advanced technical expertise and product knowledge
  • The Team Lead is the first point of contact for escalated issues and transactions
  • Closely monitors daily workflows to ensure service levels are met and the workload is evenly distributed and ensures regulatory deadlines are met.
  • Performs systematic quality assurance (QA) reviews on individual transactions that were approved by the Trade Specialists.  When necessary, ensures that reviews receiving failing grades are re-reviewed and re-documented by the original principal
  • Actively determines individual training needs and works with management to implement training.
  • 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 suitability analysis
  • Acts as a suitability consultant to Advisors and First Line Supervisors as needed to address deficiencies and educate on the process and firm and regulatory suitability requirements
  • Maintains an ongoing positive relationship with Advisors and First Line Supervisors in collaboration with the Supervision Regional Vice Presidents/Regional Vice Presidents (SRVPs/RVPs) Regional Supervision Directors (RSDs) and Regional Supervision Managers (RSMs).
  • All other duties as assigned

Education Requirements:

  • Bachelor’s degree preferred, high school diploma (or equivalent) in combination with significant experience will be considered in lieu of degree.  Minimum of high school diploma or equivalent is required. 

Basic Requirements:

  • At least three years of related experience within the brokerage industry;
  • FINRA Series 7, 24 (or 9 and 10), 63 (or 66) required;
  • Understanding of AS400, V2020, and Pershing System;
  • Proficient with Windows and MS applications such as Word, Excel, PowerPoint and Outlook
  • Demonstrated interpersonal skills;
  • Demonstrated behaviors including a high level of motivation and initiative.

Preferred Requirements:

  • Resident state Life and Variable insurance licenses preferred.