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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:

• Manages staff, including identifying and correcting performance problems, evaluating performance, and identifying training needs. Participates in interviewing and selecting staff.

• Plans, assigns, monitors, reviews, evaluates, and leads the work of others.

• Provides leadership and coaching to subordinates to ensure tasks are completed in a timely manner, and work is of good quality.

• Works collaboratively with Compliance, Supervision, Legal, and the business units to address supervision concerns in a professional manner.

• Lead and coordinate the technical aspects of the processes used to conduct reviews. This includes Artificial Intelligence/Machine Learning and other forms of technology.

• Proactively ensures compliance with applicable industry rules (States, FINRA, SEC, ERISA, & DOL) and with firm policies and procedures as they apply to the investment advisory space.

• May participate in the development and implementation of Advisory Supervision policies and/or procedures.

• Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities:

Knowledge of:

• Company’s 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’s 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.

o SIE required provided that an exemption or grandfathering cannot be applied.

o Required to have a Series 7 and 66

o Series 7 and 65 can be used instead of the 66

o Applicable 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® (AIF®) Designation within six (6) months of hire

• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.

Job: Compliance

Primary Location: US-FL-St. Petersburg-Saint Petersburg

Organization Supervision

Schedule Full-time

Job Shift Day Job

Travel Yes, 10 % of the Time

Req ID: 2402740