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Job Snapshot
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Employee Type:
Full-Time -
Location:
St. Petersburg, FL -
Experience:
Not Specified -
Date Posted:
10/16/2024
Job Description
Department Overview:
Raymond James Financial is a Florida-based diversified holding company, headquartered in St. Petersburg, FL. Raymond James provides financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management.
The Supervision department partners closely with the business to proactively mitigate risk. Our department supports business units by managing activity/account reviews, product oversight, escalation/approvals and governance guided by specialized knowledge. Supervision is committed to supporting and protecting clients and the firm while preserving our culture, and adhering to our core values of client first, conservatism, independence and integrity.
At Raymond James, we are putting the power of perspectives into action and building an inclusive and diverse workforce that reflects our commitment to associates, and clients of the future. Our company values associate development and growth, offering opportunities through developmental programs, mentorships, and continuing education options.
Job Summary:
The Advisory Supervision team provides fiduciary oversight of Investment Adviser Representatives (IARs) in accordance with SEC regulations and guidelines as well as firm policies and procedures governing advisory accounts. The Manager for this team would be expected to have advanced knowledge of the Investment Advisers Act of 1940 in application of conducting reviews which can include - advisory account appropriateness, fiduciary and investment advisory reviews, IAR meetings with clients, and analysis of a variety of data. Directs and leads a team with autonomy, which is responsible for maintaining extensive contact with internal and external customers to identify, research, analyze, and resolve complex supervisory issues. Uses advanced knowledge and skills in securities and investment advisory regulations obtained through education, experience, specialized training and/or certification to provide management of supervision functions. Leads projects, programs, or processes with substantial business impact to advisory practices, policies, and procedures. Demonstrates decision-making skills that highlight critical thinking, evaluation, originality, and ingenuity. Provides guidance and leadership to the team to ensure the efficient and timely completion of tasks, and as part of providing solutions to moderate and complex problems.
Essential Duties and Responsibilities:
Job Requirements
Knowledge, Skills, and Abilities:
Knowledge of:
Company%26rsquos working structure, policies, mission, and strategies.
General office practices, procedures, and methods.
Concepts, practices and procedures of securities industry and/or investment advisory compliance, including suitability, fiduciary standard, and other compliance issues involved with retail activity.
Principles of banking, finance, and securities industry operations
Rules and regulations of the Securities Exchange Commission (SEC) Financial Industry Regulatory Authority (FINRA) and state securities regulatory agencies sufficient to perform the functions of this job.
General knowledge of ERISA, DOL, Retirement Plans.
Skill in:
Planning and scheduling work to meet organizational requirements and deadlines.
Preparing oral and written reports.
Investigating potential issues and irregularities and identifying solutions.
Strong verbal and written communication.
Strong organizational skills.
Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.
Attention to details to ensure regulatory liability is limited, without impairing workflow.
Utilizing business-appropriate phone manners.
Ability to:
Manage a team and associates.
Plan and schedule work to meet regulatory organizational and regulatory requirements.
Manage, coach, and mentor others.
Partner with other functional areas to accomplish objectives.
Facilitate meetings, ensuring that all viewpoints, ideas, and problems are addressed.
Attend to detail while maintaining a big picture orientation.
Balance conflicting resource and prioritize demands.
Work independently as well as collaboratively within a team environment.
Promote team cohesiveness, cooperation, and effectiveness.
Handle stressful situations and provide a high level of customer service in a calm and professional manner.
Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Use appropriate interpersonal styles and communicate effectively, both orally and in writing, with all organizational levels.
Establish and maintain effective working relationships at all levels of the organization.
Maintain confidentiality.
Maintain currency in assigned area of responsibility.
Work effectively with Financial Advisors and enforce company policies and procedures as necessary.
Establish and communicate clear directions and priorities.
Provide a high level of customer service.
Educational/Previous Experience Requirements:
Bachelor%26rsquos degree (B.A./B.S.) in a related discipline and a minimum of five (5) years of experience in Supervision and/or the financial services industry.
~or~
An equivalent combination of experience, education, and/or training.
Licenses/Certifications:
Appropriate series license(s) for assigned functional area required.
oSIE required provided that an exemption or grandfathering cannot be applied.
oRequired to have a Series 7 and 66
oSeries 7 and 65 can be used instead of the 66
oApplicable designation or CFP can be used instead of the 65 or 66 and must be in good standing
o Series 9/10 or 24 may also be required
o Should obtain Accredited Investment Fiduciary%26reg (AIF%26reg) Designation within six (6) months of hire
Additional licenses/certifications demonstrating the candidate%26rsquos knowledge/expertise in industry regulation and concepts preferred.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
