- Review and approve new business and transaction related requests, including but not limited to T+1/post-transaction review through the use of electronic imaging and our workflow systems.
- Process and resolve post transaction cases in NIGO queues, confirm or override NIGOs, approve business as appropriate.
- Provide assistance to Sr. Principals in performing day-to-day responsibilities as directed.
- Assist with any special approvals or projects related to risk management.
- Assist in reviewing and updating the following tools: PASS Form, Rollover Tool, Benchmarking Data, 529/Breakpoint Resources, etc.
- Assist in reviewing and updating principal review guidelines.
- Assist in reviewing eDeposit check ledger monthly to monitor, review, and identify rollover transactions defined by the DOL and ensure compliance.
- Provide research support regarding the Consolidated Audit Trail (CAT) and assist with resolving any deficiencies.
- Assist in reviewing MSRB trade reconciliation reports and ensure transactions are compliant with the MSRB regulations and rules.
- Ensure compliance with Written Supervisory Procedures (WSP) and Anti-Money Laundering (AML) program.
- Notify management when potential business risks on business submitted have been identified and business is not in accordance with compliance guidelines and regulatory requirements.
- Maintain knowledge of current regulatory requirements (i.e. RegBI, DOL, MSRB, etc.).
- Record detailed notes in CRM for further processing by other team members and for use for regulatory requirements and audits.
- Provide backup assistance to other team members as business needs dictate, (i.e. Investment Operations call queue).
- Perform other tasks assigned by management.
- Strong knowledge of financial industry, regulations, and investment products
- Strong knowledge of Valmark Operations procedures, paperwork, and processing
- Strong knowledge of various technologies: Microsoft Office and CRM, OnBase, MyCase, LaserApp, vendor software (Schwab and Pershing), Albridge, DST Vision
- Strong written and verbal communication skills, with the ability to deal effectively with various people including staff, management, vendors, and Member Offices
- Ability to work in a fast-paced environment and handle multiple projects simultaneously to meet standard level service agreements
- Ability to be a self-motivated, independent worker, while occasionally working effectively in a team environment
- Strong analytical, problem-solving, research skills
- Bachelor's Degree in Finance or related field or 3+ years of financial services industry experience
- FINRA registration: Series 24 or requirement to obtain certification within 6 months of start date
- Life and Health Insurance License
- 5+ years of financial services industry experience
- FINRA registration: Series 53 or equivalent
- Industry designation (CFP, CPA, MBA)
- Certified in operational process improvement (Lean 6 Sigma, Kaizen)
Principal, Review Specialist - Akron, United States - Valmark Financial Group
Description
Job Description
Job DescriptionJob Summary
The Principal is primarily responsible for approving and accepting submitted paperwork as well as reviewing and approving Pershing brokerage and direct business transactions. Principal will accept business risk on behalf of Valmark within compliance guidelines and regulatory requirements including resolving Not in Good Order (NIGO) business related to RegBI, DOL, and suitability.
Essential Functions and Responsibilities
Core Competencies
Supervisory Responsibility
The Principal, Review Specialist will not have any supervisory responsibilities.
Required Education and Experience
Preferred Education and Experience
Physical Demands
This is a largely sedentary role; however, some walking is required. Individuals may need to sit or stand as needed. This position may require walking primarily on a level surface for short periods of time.
Expected Hours of Work
Days and typical hours of work are Monday through Friday, 8:30 a.m. to 5:00 p.m. Flexibility in working hours may be allowed, but the employee must work 40 hours each week to maintain full-time status.
Valmark reserves the right to modify, interpret, or apply this job description in any way the Company desires. This job description in no way implies this is an all-inclusive list of responsibilities to be performed by the Employee in this position. This job description is not an employment contract, implied or otherwise. The employment relationship remains "at-will".
Company DescriptionAt Valmark, people are the most critical component of our long-term success and fittingly the number one reason why our employees say they love working here. Employees encourage each other to succeed and have a true desire to help our advisors and clients, defining the Golden Rule that is the very essence of our culture. We also invest in our people and challenge them to reach new goals with professional development opportunities, while allowing the flexibility of a work-life balance. Our entrepreneurial spirit fosters new ideas and ways of thinking that makes working here interesting and exciting while our management team is collaborative and transparent with a clear vision for long-term success. These things combined have made Valmark a place to find a rewarding and fulfilling career and earned us the distinction of 2020, 2021 and 2022's Top Work Places in Northeast Ohio