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- Approves or rejects securities and insurance transactions for the broker-dealer, investment advisor and insurance agency.
- Determines whether transactions are in conformance with regulatory requirements, as well as firm and industry standards.
- Determining whether recommended securities and/or insurance transactions are suitable for the client.
- Seeks additional information and related follow-up to evidence the review process, in conformance with requirements.
- Assists with regulatory exams and requests; assists with the maintenance of the department procedure manual.
- The sales supervision review process includes but is not limited to the following: reviewing all variable insurance products and fixed annuities including Variable and Indexed annuities, Variable Universal Life, Long Term Care Products and Immediate Annuities.
- Reviewing all other securities products that appear on the respective blotters including but not limited to Stock, ETF's, Mutual Funds, UIT's, Structured Products, Bonds and Options, review of brokerage new account applications, review of margin and option account applications, review of brokerage account maintenance documents including but not limited to Power of Attorney documents, Limited Trading Authority authorizations, Corporate Resolutions and Transfer of Death designations, review of advisor email correspondence, review of and approval of mutual fund trade corrections, review of new business forms for the Registered Investment Advisor and review of 529 College Savings Plan applications.
- Partners with the Compliance, Brokerage Operations, Technology and Sales leaders in the organization to ensure a best-in-class sales supervision program.
- Conducts business practice reviews to identify trends and/or irregular trading activity.
- Performs other duties as assigned.
- High school diploma or equivalent required.
- Bachelors degree in Finance, Economics or related field preferred.
- 2 years brokerage or related work experience.
- Series 7, 63, and 24 are required to be obtained as documented in the Fifth Third Securities Licensing Guidelines. Strongly encouraged to obtain Series 4, 53 and 66.
- Life and Health Insurance License preferred.
- Extensive knowledge of the following investment products: Stocks, ETF's, ETN's, Mutual Funds, UIT's, Structured Products, Corporate Bonds, Government Bonds, Municipal Bonds, Brokerage CD's and Options preferred.
- Knowledge of FINRA, SEC, MSRB and State Securities rules and regulations.
- Familiarity with National Financial Services and SunGard Proserv systems preferred.