Commonwealth Financial Network

  • Compliance Advisor, Surveillance

    Job Locations US-MA-Waltham
    Job ID
    W-2018
    # of Openings
    1
    Category
    Compliance
    Type
    Full-Time
  • 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 on the commuter rail near the intersection of I-95 and the Mass Pike, we’re accessible from anywhere—and away from the congestion of a downtown commute.

     

    Commonwealth recognizes that our people are our greatest asset by investing in training and professional development. As a result, Commonwealth has been recognized 39 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 (Cape Cod, Lake Winnipesaukee, Sunday River, Key Biscayne, Las Vegas, Park City, 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
    • A free on-site fitness center
    • 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 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.
     
    The Surveillance team is responsible for reviewing internal exception reports, with an eye toward identifying patterns and trends that might require further follow-up. When necessary, we influence and persuade advisors to take corrective action to help them protect their clients and their practice.
     
    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.

    Responsibilities

    • 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
    • Working independently and in conjunction with others to drive the efficient and effective completion of assigned project initiatives

    Qualifications

    Experience

    • At least 3 years of experience in a compliance or supervisory role required; prior experience in audit, surveillance, trade desk, investment research, or branch office supervision beneficial
    • Experience with risk identification and assessment strongly desired
    • Experience working on projects and other tasks structured in stages and with deadlines for interim deliverables 

    Knowledge

    • Demonstrated understanding of Registered Investment Adviser and broker/dealer 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 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 

    Skills

    • 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
    • A good team player who is prepared to take a supportive role when required and assist others on short notice 

    Please note: A cover letter describing your personal and professional experiences and attributes and how they meet the requirements for this position is highly recommended.

    Summary

    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.

     

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed