Supervisory Principal, Complex Product Supervision Details

Supervisory Principal, Complex Product Supervision

LPL Financial - San Diego, CA

Employment Type : Full-Time

The Supervisory Principal is responsible for serving as a annuity subject matter expert for LPL Financial Professionals across the country (Variable and Fixed Indexed annuities). This position will be responsible for supervising the appropriateness for transactions in annuity products ensuring that the assigned advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm.

Essential Functions:

• Review and approval of transactions for suitability and documentation of variable, fixed indexed, and fixed annuities.
• Research and review annuity liquidation transaction, free looks, and other transactional activity.
• Serve on various committees and projects as determined by CPS Management.
• Assist other functions within Business risk management as necessary to meet demand.

Other Job Duties:

• Act as key contact and subject matter expert for Financial Advisors, OSJ Supervisors, & Home Office Supervisors, and assist in any program/client issues in regards to variable, fixed indexed annuities or other complex products.
• Assist with regulatory exams and requests as well as assist with the maintenance of the department’s written supervisory procedures.
• Assist with ad hoc project requests from CPS management

Requirements:

• Undergraduate degree preferred

• 4+ years industry experience

• Licenses/Certifications Required/Preferred: Series 7, 66 (or 63 and 65), 9 and 10 (or Series 24 & 53) required.

• Software/Systems Skills Required/Preferred: All Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio. Familiarity with BETA a plus

• Ability to work in a fast paced/high volume environment and be flexible with work schedule

• Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills are essential for this position

• Excellent oral and written communication skills

• Ability to make regulatory and supervisory-based decisions will be necessary to complete the day-to-day functions of the role

• Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential

• Excellent management, and human relations skills

• Ability to develop compliance systems and strategies for effective supervision

• Knowledge of mutual funds, annuities, general securities, and other financial products required

• Knowledge of FINRA, SEC, and State rules and regulations

About CLR

The Compliance, Legal & Risk (CLR) team is focused on delivering an industry-leading client service and risk management experience by providing advisors and our internal business partners with proactive guidance, advice, advocacy and consultative partnerships.

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lpl.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.