Wealth Management Supervision, Advisory Services Job at Hilltop Securities
Job Summary:
HilltopSecurities is currently looking to hire a Wealth Management Supervision, Advisory Services professional that will work within Home Office Supervision with the Head of Supervision, Wealth Management, Advisory Services Manager, and Regional OSJ Supervisors to assist in the supervisory oversight of HilltopSecurities and Momentum Independent Network Advisory Services business. This role will be responsible for identifying opportunities for improvement in the firm's processes/procedures and make recommendations for changes. In addition to, applying knowledge and expertise to ensure enforcement of compliance programs. This is an individual contributor role working under limited direction of a manager.
Essential Functions:
- Review and approve advisory services new accounts in conjunction with the Regional OSJ and other home office supervisors.
- Review accounts for concentrated positions, proper share class, ineligible securities, and conversion of accounts from brokerage to advisory.
- Provide consultative support to advisors.
- Conduct 30 day and 12-month commission lookbacks for all new accounts.
- Work with traders for any issues that may arise and approve/resolve any trading errors that occur.
- Utilize the firms electronic supervisory review platform to create a baseline report for all accounts.
- Document reviews of accounts for Industry Concentration, Concentrated Positions, Turnover and Low Trade, and cash percentage reviews.
- Create supervisory performance reviews and communicate to Advisers and Supervisors.
- Assist and collaboratively work with the Supervision team on the enhancement and implementation of supervision tools.
- Analyze technology to implementing technology for automating manual processes.
- Identify opportunities for improvement in the firm's processes/procedures and make recommendations for changes. Work with management to develop solutions.
- Help staff and associated representatives develop a broader skill base and level of understanding of Advisory Services supervision. Within this context, position involves a leadership role.
- Work within a professional team environment to identify potential sales practice concerns.
- Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills.
- Excellent oral and written communication skills.
- Provide awareness across Supervision and Advisory Services Departments of any escalations of risk involving advisors and OSJs.
- Collaboration and service-based responses with business partners on escalated issues.
- Ability to develop compliance systems and strategies for effective supervision.
The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.
Job Requirements:
- Undergraduate degree in Business, Accounting, Finance or related discipline.
- 5+ year’s industry experience in a compliance-related function.
- The job requires in-depth knowledge of the Investment Company Act of 1940 (the ’40 Act)
- Knowledge of FINRA, SEC, and State rules and regulations required. Investment Advisory Supervisory experience preferred.
- Knowledge of UIT’s, mutual funds, ETF’s, general securities, structured products, and other financial products required.
- Ability to conduct suitability analysis required.
- Series 7, 63, and 65, or 66, and 24, required
- Series 53, and/or 4 preferred
- Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, SharePoint, and Visio.
- Familiarity with Envestnet and Protegent Surveillance a plus.
At HilltopSecurities, we believe in building noble and collaborative relationships that enrich the financial future of individuals, businesses and communities. With an extensive portfolio of products, we deliver a broad range of investment banking and related financial services that help our clients achieve their definition of success.
As a subsidiary of HilltopHoldings, which also encompasses PlainsCapital Bank and PrimeLending, we have the financial strength and stability that has withstood the test of time. Our nationwide presence in 400 locations across 44 states provides our associates with extensive opportunities to grow their careers in a diverse organization that truly values relationship capital above all else.
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