Job Description

POSITION SUMMARY

This position is responsible for supervising registered representatives of the broker-dealer in accordance with FINRA and related regulatory rules and internal supervisory procedures, while also supporting the affiliate RIA with ongoing RIA compliance oversight. The successful candidate will have working knowledge of both broker-dealer and investment advisory regulations, and the ability to operate effectively within an affiliated broker dealer and investment advisor (RIA) environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Broker-Dealer Supervision (DSP Functions):

• Supervise activities of associated persons in compliance with FINRA and SEC rules/regulations and internal policies and procedures.
• Review and approve retail communications, new accounts, trade blotters and surveillance reports, outside business activities (OBAs), gifts and entertainment, and other regulatory disclosures.
• Conduct annual and interim branch office inspections, including supervisory control procedures.
• Monitor compliance with Regulation Best Interest including customer suitability and related requirements.
• Conduct electronic communication reviews and escalate and follow-up as deemed necessary.
• Ability to communicate and collaborate effectively with other departments of the broker-dealer and participate in meetings and trainings. and
• Escalate potential red flags and recommend remedial action.

RIA Supervisory Responsibilities:

• Review and approve client advisory agreements for discretionary and non-discretionary advisory accounts.
• Support the implementation of RIA policies and procedures to ensure compliance with the Advisers Act, including Rule 206(4)-7 and Rule 204A-1.
• Assist the CCO with periodic testing of RIA compliance controls, including books and records, Code of Ethics reporting, and marketing rule reviews (Rule 206(4)-1).
• Participate in the review of personal trading, risk assessments, and ongoing compliance monitoring.
• Coordinate with IARs to ensure appropriate documentation and disclosures related to investment recommendations and account setup.

QUALIFICATIONS

• Demonstrated understanding of FINRA, SEC, and Texas State Securities Board rules and requirements applicable to broker-dealers and investment advisers.
• Experience supervising registered representatives and/or IARs in a dual-registrant environment is highly preferred.
• Strong written and verbal communication skills, with the ability to prepare clear compliance documentation and guidance.
• Comfortable working in a collaborative environment across compliance, operations, and client-facing personnel.
• High attention to detail, sound judgment, and strong organizational skills.

EDUCATION and/or EXPERIENCE

• Bachelor's Degree required.
• Licenses required: Active FINRA Series 7 and 24. Series 65 or 66, or a qualifying professional designation (e.g., ChFC, CFP) required for IAR registration in Texas (or must obtain within 90 days).
• Knowledge of FINRA and SEC rules and/or Investment Advisers Act and Investment Company Act.
• Minimum 5–7 years of experience in compliance, supervision, or operations with a registered broker-dealer or RIA.
• Understanding of fiduciary responsibilities and appropriate disclosure of conflicts of interest.
• Ability to handle confidential material with utmost discretion.
• Ability to work with minimal supervision to accomplish objectives and priorities.
• Strong communication skills (verbal and written).

LANGUAGE SKILLS

Bilingual in English and Spanish required. 

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds.

WORK ENVIRONMENT

Collaborative in a traditional office setup, with the tools, tech and spaces needed for effective teamwork, promoting comfort and efficiency, to help boost employee satisfaction and productivity. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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