Sr Associate, Compliance Supervision

Job Description

Job Description

Position Overview:

NewEdge Securities seeks a Series 24 Compliance Supervisor to support the firm's supervisory program, including principal review of transactions, surveillance, representative oversight, and regulatory examination support. The role enforces FINRA Rule 3110 and Regulation Best Interest standards and serves as an escalation point for supervisory questions from registered representatives and branch principals. Annuity supervision, covering variable, fixed, and fixed indexed annuities under FINRA Rule 2330, is one of the role's core functions.

Location:  Hybrid in New Orleans, LA or Pittsburgh, PA. Remote candidates will also be considered. 

Responsibilities:

Supervisory Program Ownership

• Maintain written supervisory procedures (WSPs) for the firm's supervised business lines, including annuity sales, exchanges, and 1035 transfers
• Run periodic surveillance using Raymond James and other custodian and carrier reports; follow exceptions to closure
• Coordinate with registration, insurance-licensing, and carrier-appointment processes to confirm representatives are properly licensed and appointed before products are sold

Transaction Review and Approval

• Review and approve transactions and exceptions escalated for principal approval, for suitability and best interest, including documented rationale
• Resolve open items with representatives, custodians, and carriers before approval; reject or escalate deficient submissions

Annuity Supervision

• Review and approve annuity applications, exchanges, replacements, and subsequent premium payments under Rule 2330 and Reg BI, including documented rationale
• Evaluate surrender charges, loss of benefits, new surrender periods, rider costs, and the client's liquidity needs, time horizon, and age
• Apply concentration and product-specific criteria, including limits for older and retirement-age clients
• Monitor annuity replacement rates, short-holding-period exchanges, rep and branch concentration, and surrender activity
• Serve as an escalation point for annuity-related supervisory questions from registered representatives and branch principals

Representative Oversight

• Deliver training on Reg BI and other supervisory topics, including Rule 2330 and annuity replacement requirements
• Document and track corrective action, heightened supervision plans, and disciplinary referrals
• Review communications, marketing materials, and client-facing illustrations, including annuity materials ? provide approvals, as appropriate

Regulatory and Operational Coordination

• Support FINRA, SEC, and state examinations and respond to regulatory requests
• Investigate and document customer complaints; assist with required regulatory reporting
• Partner with Operations and Cashiering on processing, NIGO (not in good order) exceptions, and funds movement, including annuity transactions
• Report supervision metrics and emerging risks to the CCO and senior management

Qualifications:

Required

• Active FINRA Series 24 (General Securities Principal) registration, or ability to obtain it within [90] days of hire
• Series 7 and Series 63; Series 66 or 65 preferred
• Active life and variable contract insurance license, or ability to obtain one within [90] days of hire, in the resident state and any additional states required
• [5+] years in broker-dealer compliance, supervision, or operations, including experience supervising annuity or insurance product sales
• Working knowledge of Reg BI, Rule 3110, Rule 2330, 1035 exchange mechanics, and NAIC best interest requirements
• Clean regulatory record (U4 disclosure review as part of background check)

Preferred

• Bachelor's degree in business, finance, or a related field
• Experience with Raymond James - clearing platform and annuity order-entry workflows
• Experience with FINRA or SEC examinations and with drafting or revising WSPs
• CFP, CRCP, or other relevant designation
• Familiarity with fixed indexed and registered index-linked annuities and the carriers' product features

Skills

• Sound judgment on suitability and best interest, with clear written documentation of decisions
• Ability to deliver direct feedback to producing representatives and hold firm on supervisory standards
• Strong analytical skills, including comfort with exception reports and surveillance data
• Clear, concise written and verbal communication with representatives, carriers, and senior management

Salary Range: $90,000 - $100,000, based on experience, with eligibility to participate in the company's bonus program