Managing Director, Broker-Dealer Supervision

Description

NewEdge Securities is seeking a seasoned supervisory professional to serve as Managing Director of Broker-Dealer Supervision. This senior leader owns the design, implementation, and day-to-day management of the firm's supervisory framework across all registered representative and branch activity. The role is distinct from the compliance function and focuses on day-to-day operational supervision - ensuring the firm meets its FINRA Rule 3110 obligations and that supervisory controls are embedded in business processes firm-wide.

Location

The ideal candidate will report to one of the following offices: Pittsburgh, PA; Stamford, CT; or Fort Lauderdale, FL. However, remote candidates are encouraged to apply.

Key Responsibilities

• Ensure alignment with Firm WSPs, current regulatory requirements and actual business practices
• Execute daily supervisory review of registered representative activity across equities, fixed income, options, alternative investments, and annuity/insurance products
• Oversee onboarding supervision of registered representatives, including review of U4/U5 filings and disclosure events
• Manage escalation of supervisory findings to senior leadership; partner with the CCO where matters have compliance or regulatory implications
• Supervise and develop the supervision team; set performance standards and manage workflow
• Oversee CAT reporting obligations and ensure accuracy and timeliness of submissions in coordination with operations
• Oversee TRACE reporting supervision for fixed income transactions, including exception review and error remediation
• Administer and leverage Smarsh for electronic communications surveillance, including email and correspondence review
• Administer and leverage Protegent for supervisory exception reporting and trade review
• Monitor FINRA Notices and rule updates with direct supervisory implications and update WSPs accordingly
• Coordinate with NFS on operational supervision matters related to the clearing relationship
• Support FINRA cycle examinations and for-cause inquiries as the subject matter expert on supervisory systems and procedures
• Maintain the firm's supervisory review logs and exception reporting infrastructure

Qualifications

• 10+ years of broker-dealer supervision experience in a FINRA-regulated environment
• Active Series 24 required; Series 9/10 a plus given options and equities business lines
• Deep working knowledge of FINRA Rule 3110, 3120, 3130, and related supervisory obligations
• Hands-on experience with trade review and electronic communications surveillance platforms including email and correspondence review; familiarity with Protogent preferred
• Experience supervising across multiple product types including equities, fixed income, options, alternative investments, and annuities/insurance products
• Experience with FINRA examination processes, particularly in a supervisory capacity
• Proven ability to build and manage supervisory systems and procedures in a growing or evolving firm
• Strong written communication skills; WSP drafting experience required
• Excellent interpersonal and management skills with ability to work across the spectrum of clients, business partners and regulators
• Must possess complex problem-solving skills to deal with the daily challenges that arise from supervising registered representatives that engage in multiple and different lines of business
• Ability to address issues in an efficient manner in a fast-paced environment
• Correspondent broker-dealer experience a plus
• Investment advisor experience a plus

About the Organization

Who We Are:

NewEdge Capital Group provides best-in-class technology-enabled solutions and support services to financial advisors and their clients. Comprised of NewEdge Wealth, NewEdge Advisors, and NewEdge Securities, they have over $100 billion in client assets and support over 450+ financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts.

What We Offer:

Compensation will be comprised of a base salary and an opportunity to qualify for bonus(es) or commissions.

• health
• dental
• vision
• short-term disability
• long-term disability
• life insurance
• PTO
• 401(k) match (after applicable waiting periods)

EOE Statement NewEdge Capital Group, along with its subsidiaries, is an equal opportunity employer and does not unlawfully discriminate against employees or applicants for employment on the basis of an individual’s race, color, religion, creed, sex, sexual orientation, national origin, age, disability, marital status, veteran status or any other status protected by applicable law.