Director of Supervision
6 days ago
New York
Job DescriptionSalary: 100,000 - 140,000 A career with Northwestern Mutual Park Avenue brings mutual success. When you bring your talent, hard work, and commitment to excellence, we offer the training, mentorship, and resources to help you achieve your vision and discover your potential. Our Financial Advisors help clients reach their goals by developing and implementing financial plans to show clients where they are today, plan where they want to go tomorrow, and provide the financial tools and support to help get them there. Our Network Office team supports those Advisors and provides the critical systems & resources needed for them to achieve their entrepreneurial dream. The Director of Supervision (DOS) supports the Managing Partner in shaping the culture of compliance in the office. The DOS is responsible for developing the supervision strategy and risk management approach for the office, serving as a member of the leadership team, and will be a trusted compliance advisor to representatives within the office. The DOS draws from personal experiences to inform their work, evaluate risk, and anticipate the needs of the office. Finally, the DOS will bring an enthusiasm for new ways of working, an eye for efficiency, and an ability to motivate and lead others. Responsibilities • Lead the strategic execution of the Network Office compliance and supervision program., • Collaborate with other leaders and integrate compliance into other business functions., • Work as a member of the leadership team to determine the strategic direction of compliance and other business priorities., • Interpret data and developing strategic metrics to drive outcomes and mitigate risk., • Perform review and supervision of multiple systems, including, but not limited to, flagged email and social media correspondence, transaction/trend supervision, and compliance monitoring systems., • Complete on-site inspections, client file reviews, and compliance related interviews of Financial Representatives and their staff., • Maintain books and records for the Offices of Supervisory Jurisdiction, Registered Branch Offices and other field locations as required by FINRA., • Provide a consultative and advisory role to Financial Representatives and field staff, related to risk management, regulatory change, policies and procedures, and documentation requirements., • Develop supervisory plans to address non-standard behavior or to address sales practice concerns., • Help set the strategic direction of the Local Network Office compliance program., • Train Financial Representatives and staff on compliance, regulatory, or related topics. Qualifications • Active and valid FINRA Series 7, 9/10 and 63 registrations are required., • Active and valid FINRA Series 7, 24, 4, 53, and 63 may be considered in lieu of S7, 9/10, and 63., • Active Life/Health licenses, or the ability to obtain within 3 months., • 5-7 years of industry experience with an emphasis in compliance/supervision., • Strong working knowledge of standard industry and regulatory policies and procedures., • Sound decision-making skills; ability to use a mixture of analysis, experience, and judgment to arrive at a conclusion or recommendation., • Ability to identify issues, trends, and potential sales practices issues with the purpose of escalating or addressing them., • Highly detailed and data-oriented with solid critical thinking, organizational and analytical skills., • Ability to prioritize workload and seek support when appropriate, as well as work within a larger team., • Strong written and oral communication skills., • Experience handling highly sensitive communications. About Northwestern Mutual Northwestern Mutual has been helping families and businesses achieve financial security for over 165 years. Through a distinctive, whole-picture planning approach including both insurance and investments, we empower people to be financially confident. We combine the expertise of our financial professionals with a personalized digital experience and leading-edge technology to best serve our clients. With $309 billion in assets, $31.1 billion in revenues, and more than $2 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.75 million people who rely on us for life, disability income and long-term care insurance, annuities, brokerage and advisory services, trust services, and discretionary portfolio management solutions. The company holds more than $200 billion of client assets as a part of its wealth management and investment services.