Supervision Principal, Wealth Management Products and Trading Supervision
Company: Wedbush Securities
Location: New York
Posted on: August 7, 2022
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Job Description:
Wedbush Securities is one of the largest securities firms and
investment banks in the nation. We provide innovative financial
solutions through our Wealth Management, Capital Markets, Futures
and Advanced Clearing & Prime Services divisions. Headquartered in
Los Angeles, California with over 100 offices and more than 80
correspondent offices, our commitment to providing relentless,
customized service is the foundation of our consistent growth.We
are seeking an experienced Vice President to oversee supervision of
Wealth Management's direct and indirect trading activities across
equities, options, fixed income and other asset
classes.Responsibilities include, but are not limited to: Manage
supervision activities to meet regulatory requirements and maintain
service level standards and is responsible for monitoring,
supervising, adherence to Written Supervisory Procedures (WSPs)
across the Wealth Management division's fixed income trading desks
(municipal securities, corporate, treasury, and securitized
products) and supervise certain aspects of the Wealth Management
division's equity and options activity on behalf of its clients
Oversee supervisory responsibilities including transaction
reporting (e.g., CAT, TRACE and RTRS), review and approval of
disclosures/confirms for accuracy and compliance with regulatory
requirements for equity, municipal retail trading businesses, as
well as mutual funds and variable products Review daily trading
exception reports, market access controls for fixed income trading
desks, best execution review for fixed income securities and equity
securities and escalating/resolving any exceptions. Offer
supervisory advice to executive-level stakeholders and other
supervisors within the Wealth Management division Establish
objectives and develop WSPs and Desktop Procedures to ensure
alignment with Firm policies Ensure accuracy and integrity of
monthly supervisory checklists and quarterly risk assessment
reports to business unit leaders to ensure there are no breaches in
supervision Manage the delivery and execution of annual and
periodic updates on supervisory issues to the Firm's senior
management team Serve as a point of contact for issues that cannot
be resolved, address system supervisory and emerging business
issues, escalating as required to the business unit heads and the
Firm's Compliance Department Collaborate with the Firm's Compliance
department to implement supervisory processes in response to
regulatory developments and industry best practices, recommend
policy, develop and update process and/or control
changes/enhancements to management Assist the Firm's Legal
department and Compliance department with regulatory responses as
well as internal and external audits Perform other tasks and duties
as required and assigned Experience and Skills Bachelor's degree
from an accredited university 5+ years of experience and strong
working knowledge of SEC, FINRA, MSRB rules and their applicability
to a wealth management business and/or retail brokerage business
FINRA Series 4,7, 24, and 53 licenses are required; Insurance
License is a plus Familiarity with various trading platforms and
OMS (Bloomberg TOMS), as well as alternative trading systems
Ability to prioritize and handle multiple tasks simultaneously, and
in some cases, with short deadlines and without sacrificing
accuracy or efficiency Experience interacting with senior business
leaders and ability to build effective relationships with
internal/external stakeholders Strong sense of ethics,
accountability and judgment Strong decision making and
investigative skills, analytical skills as well as problem-solving,
and critical-thinking skills Highly organized and able to
multi-task and manage multiple projects and competing priorities
without sacrificing accuracy or efficiency Excellent communication
and presentation skills with the ability to communicate effectively
across various departments and levels of the organization Strong
leadership and supervision skills Proficient in Microsoft Office
(Outlook, Word, Excel, PowerPoint)
Keywords: Wedbush Securities, New York , Supervision Principal, Wealth Management Products and Trading Supervision, Executive , New York, New York
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