Commonwealth Financial Network

  • Compliance Advisor, Surveillance

    Job Locations US-CA-San Diego
    Job ID
    # of Openings
  • Overview

    Commonwealth Financial Network® is the largest privately held Registered Investment Adviser–independent broker/dealer in the U.S., with offices in Waltham, Massachusetts, and San Diego, California. Since 1979, we’ve been helping our field force of independent financial professionals help investors pursue their financial goals. We do that by providing them with the technology, research, resources, and support that allow them to keep their focus on what’s most important: investors and their financial objectives.


    With that said, we are not your typical financial services firm. For starters, we’re a fast-growing company, and we think and have fun like a start-up. Conveniently located in the heart of downtown San Diego at the intersection of First and A streets, our office is a short walk to the COASTER, a few blocks from the entrance to both the 5 and the 163, and close to the 94.


    Commonwealth recognizes that our people are our greatest asset by investing in training and professional development. As a result, Commonwealth has been recognized 38 times (and counting) as one of the Best Places to Work by top publications in the region (Boston Globe, Boston Business Journal, San Diego Business Journal, San Diego Union-Tribune), as well as in the IT industry (Computerworld). With high marks in areas such as work environment, work/life balance, job satisfaction, and opportunities for advancement, Commonwealth is a place where you can thrive.


    Discover what it’s like to be psyched to come to work every day! We offer you:


    • Generous bonus and stock option incentive plans
    • Use of our chairman’s vacation properties (Las Vegas, Park City, Key Biscayne, New England, the Bahamas, and the Dominican Republic) at no cost
    • Fully paid maternity leave (12 weeks) and spousal leave (3 weeks)
    • A more relaxed, “dress for your day” dress code
    • Discounted athletic and swim club memberships
    • Ample opportunity to volunteer with and support local charities
    • A VTO (volunteer time off) day to use toward a cause that’s important to you
    • Tuition reimbursement
    • Free breakfast on Fridays
    • A competitive benefits package—and much more

    About the Opportunity

    As Commonwealth’s Compliance department, our focus is on following the rules and regulations set forth by the SEC, FINRA, MSRB, NFA, and the individual states, but it is just as important that our approaches to customer service and communication are top notch, too. Our Surveillance team is looking for someone who understands that balance—a proactive, objective, and analytically minded problem-solver to focus on outside business activities and personal private securities transactions.
    Do you have at least 3 years of experience in a compliance or supervisory role, as well as (at a minimum) your FINRA Series 7 and 24 securities registrations? Is your attention to detail exceptional? How about your ability to influence others to achieve positive outcomes? If you think you have what it takes, then let’s introduce ourselves.


    • Working directly with the surveillance manager and Compliance team—as well as with other business units and the firm’s advisors—to objectively and diplomatically provide surveillance findings, reporting, and resolutions
    • Exchanging thorough and detailed written communications with the firm’s advisors, business units, investment sponsor partners, and regulatory bodies
    • Analyzing and monitoring daily, weekly, and/or monthly exception reports and data analytics on the firm’s and our advisors’ accounts to identify potential violations of firm, product sponsor, or regulatory policies, as well as potential sales practice issues
    • Conducting both written and verbal inquiries of exception report activity when necessary, evaluating the explanation of the activity, and asking additional questions or providing appropriate follow-up guidance and solutions
    • Identifying and escalating problematic issues to the surveillance manager, as well as proactively offering recommendations and solutions to address the issues
    • Working independently and in conjunction with others to drive the efficient and effective completion of assigned project initiatives



    • At least 3 years of experience in a compliance or supervisory role; prior experience in audit, surveillance, trade desk, investment research, or branch office supervision a plus
    • Prior experience with risk identification and assessment, or other experiences in identifying possible conflicts or other issues creating risk, strongly desired
    • Past experience with project work, or other work performed in stages with set deadlines for interim deliverables 


    • Demonstrated understanding of broker/dealer and RIA regulations, investment advisory services, and securities products and trading strategies
    • In-depth knowledge of complex investment products—such as options, leveraged and inverse ETFs, direct participation programs, and/or variable annuities—strongly desired
    • FINRA Series 7 and 24 securities registrations a must; FINRA Series 53 and 65 (or 66) securities registrations required within 3 months of hire 


    • Strong analytical, quantitative analysis, investigative, and problem-solving skills
    • Ability to consistently provide a high level of attention to detail, with a focus on accuracy
    • A demonstrated ability to communicate complex information to advisors and in-house staff—in writing and in oral presentations
    • Ability to influence others to achieve positive outcomes
    • Effective time management and organizational skills; ability to coordinate activities, resources, and information to keep project goals on schedule and running smoothly
    • Must be a good team player who is prepared to take a supportive role where required and assist others on short notice

    Please note: A cover letter describing the personal and professional experiences and attributes you possess that may qualify you for this position is highly preferred.




    Have we piqued your curiosity? Can you see yourself thriving in this career opportunity, as well as our Anything but Common® workplace culture? If so—and if your background and experience align with our needs—please do submit your application right away.


    Commonwealth Financial Network® is an equal opportunity employer that is committed to a diverse workforce.



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