Job Description

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 governing advisory accounts.   An Advisor, general investment advisory is expected to conduct reviews which can include – fiduciary and investment advisory reviews consistent with the Investment Advisers ACT of 1940, IAR planning/meetings with clients, analyze data, and directly communicate with IARs regarding their findings.

Guidance is provided to perform varied work that is comprehensive in nature, and which requires evaluation, originality, and ingenuity to make moderately complex decisions. The candidate will need to resolve and/or recommend solutions to complex problems. Leads defined work or projects which may entail considerable scope and complexity. Maintains extensive contact with internal customers to identify, research, and resolve problems.

The Advisor in this role will support Raymond James’ Private Client Group to analyze various supervisory and general fiduciary reviews to detect trends and possible rules violations to ensure adherence to securities industry regulations and firm expectations to limit firm liability.  Responsible for advanced review and resolution by effectively communicating and partnering with Private Client Group IARs on sensitive issues and manages conflict in line with the firm’s culture and strategy.

Works independently on difficult assignments that are broad in nature requiring originality and ingenuity and provides comprehensive solutions to complex problems.  May lead defined work or projects of moderate scope and complexity.

Essential Duties and Responsibilities:

• Monitors the sales practices, fiduciary and investment advisory activities of advisors and branch managers through the use of various reports and systems.

• Interfaces with specific business platform sales management associates to inform them of any supervisory concerns that may arise with advisors and branch office managers and work together with them to address these concerns as well as to resolve any conflicts that may arise related to client accounts of the advisors and branch managers.

• Monitors and keeps up to date with securities/advisory regulations and applies them accordingly.

• Interprets, applies, and recommends changes to organizational policies and procedures.

• May consult independently with advisors and branch managers and recommend actions to ensure compliance with existing rules and regulations as well as prevent potential liability.

• Uses financial data and performance indicators to propose and/or assist with establishing control mechanisms and other improvement initiatives. Identifies trends and assists with implementing corrective action as necessary.

• Performs other duties and responsibilities as assigned.

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 banking compliance, including suitability 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:

• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.

• Attention to detail to ensure regulatory liability is limited, without impairing workflow. 

• Utilizing business-appropriate phone manners.

Ability to:

• Organize, prioritize, manage, and track multiple detailed tasks and assignments, including those delegated, to complete work efficiently. 

• Independently manage and complete multiple projects and tasks; work independently with minimal direct supervision.

• Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels. 

• 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.

Licenses/Certifications:

• Appropriate series license(s) for assigned functional area preferred or the ability to obtain within an established timeframe.

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

  • Required to have a Series 65

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

  • Applicable designation or CFP can be used instead of the 65 or 66 and must be in good standing

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

Education

Bachelor’s (Required)

Work Experience

General Experience - 13 months to 3 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view. 

We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. 

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