Supervisory Principal - Broker/Dealer

The Supervisory Principal is responsible for overseeing registered representatives and brokerage activities to ensure compliance with applicable securities laws, FINRA rules, SEC regulations, and the firm's supervisory procedures. This role involves reviewing and supervising securities transactions, monitoring representative activities, enforcing compliance policies, and supporting a strong culture of regulatory compliance and ethical conduct.

The ideal candidate will have strong knowledge of broker-dealer operations, excellent attention to detail, sound judgment, and the ability to communicate effectively in both English and Spanish with registered representatives, clients, and internal departments.

Key Responsibilities

• Supervisory Oversight: Supervise registered representatives and review brokerage activities, securities transactions, account documentation, and other activities as required by the firm's Written Supervisory Procedures (WSPs).
• Regulatory Compliance: Ensure adherence to applicable SEC regulations, FINRA rules, federal and state securities laws, and internal compliance policies.
• Transaction Review: Review and monitor securities transactions for suitability-related concerns, excessive trading, unusual activity, potential conflicts of interest, and other red flags requiring further review or escalation.
• Account Supervision: Oversee new account openings, account updates, customer documentation, and other account-related processes in accordance with firm procedures and applicable requirements.
• Exception Monitoring: Identify, investigate, document, and escalate unusual transactions, customer complaints, potential violations, and supervisory exceptions.
• Representative Support: Provide guidance and ongoing support to registered representatives regarding regulatory requirements, firm policies, documentation standards, and supervisory expectations.
• Compliance Training: Assist with compliance training and communicate regulatory updates, policy changes, and best practices to representatives and staff.
• Recordkeeping and Reporting: Maintain complete and accurate supervisory records, document review activities, track outstanding exceptions, and assist with regulatory examinations and internal audits.
• Risk Management: Identify potential compliance weaknesses and recommend corrective actions, process improvements, and additional supervisory controls.
• Bilingual Communication: Conduct supervisory discussions, explain brokerage procedures, and communicate compliance requirements in both English and Spanish, ensuring clear and accurate communication.
• Cross-Department Collaboration: Work closely with Compliance, Operations, and senior management to resolve issues, improve workflows, and maintain effective supervisory controls.

Required Qualifications

• Active FINRA Series 7 (General Securities Representative) registration.
• Active FINRA Series 24 (General Securities Principal) registration.
• Full professional fluency in both English and Spanish, including verbal and written communication.
• Experience in a broker-dealer, securities supervision, brokerage operations, or a compliance-related role.
• Strong understanding of FINRA rules, SEC regulations, securities industry practices, and supervisory responsibilities.
• Excellent analytical, organizational, documentation, and problem-solving skills.
• Ability to exercise independent judgment, maintain confidentiality, and escalate issues appropriately.
• Proficiency with Microsoft Office and brokerage, compliance, or trade surveillance systems.