What are the responsibilities and job description for the Branch Compliance Manager position at Blue Ocean Wealth Solutions?
Branch Compliance Manager-Compliance Department
MUST HAVE A SERIES 7 & SERIES 24
Blue Ocean Wealth Solutions, LLC helps people accomplish their most important financial goals by implementing a customer-centric approach using Insurance, Investment, Retirement and Employee Benefits. Home to a top-notch team of diverse Financial Professionals, Blue Ocean Wealth Solutions, LLC, is motivated by a mission to change people’s lives. We have a family-orientated environment, and it enables our team members and clients alike to thrive.
Our firm is growing and we are looking to add an additional Branch Compliance Manager to the current team. The Branch Compliance Manager is responsible for having a comprehensive understanding of the supervisory and compliance obligations associated with the Broker Dealer, Investment Advisory Services as well as the Insurance Agency and to enforce the firms Compliance policies and procedures.
Activities performed by the Branch Manager include, but are not limited to the following:
We provide equal employment opportunities (*EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, citizenship status, ancestry, status as a protected veteran, or any other protected classes in accordance with applicable federal, state and local law. *EEO applies to all terms and conditions of employment, including hiring, placement, promotion, discipline, termination, leave of absence, compensation, and training. *
MUST HAVE A SERIES 7 & SERIES 24
Blue Ocean Wealth Solutions, LLC helps people accomplish their most important financial goals by implementing a customer-centric approach using Insurance, Investment, Retirement and Employee Benefits. Home to a top-notch team of diverse Financial Professionals, Blue Ocean Wealth Solutions, LLC, is motivated by a mission to change people’s lives. We have a family-orientated environment, and it enables our team members and clients alike to thrive.
Our firm is growing and we are looking to add an additional Branch Compliance Manager to the current team. The Branch Compliance Manager is responsible for having a comprehensive understanding of the supervisory and compliance obligations associated with the Broker Dealer, Investment Advisory Services as well as the Insurance Agency and to enforce the firms Compliance policies and procedures.
Activities performed by the Branch Manager include, but are not limited to the following:
- Conduct Branch Inspections of Registered Offices and other detached locations
- Conduct personal interviews with advisors and registered staff
- Assist Regulators During Examinations and Report the Status of Such Examination to Home Office Compliance Personnel
- Conduct reviews to ensure Reg BI Compliance and work with Advisors to answer any questions they may have
- Review Exception Reports to ensure Broker Dealer and IAR compliance
- Review and approve/decline requests by Registered Representatives to Invest in Private Securities Transactions and Outside Business Activities
- Conduct email and social media reviews
- Partner with agency management to maintain corrective action plans
- Review outgoing/incoming correspondence for compliance
- Ensure client files are compliant with FINRA and SEC Rules
- Take control of the Implementation for Firm Element Cont. Education Program
- Present at the Annual Compliance Meeting and document Advisor Training
- Conduct 3rd Party verification Phone Calls for checks and wires
- Supports the Operations division in a Supervisory Capacity
- Promptly notify the Home Office Compliance team of any potential or threatened Customer Complaints, Demands and Legal Actions received by Producers or Associates
- MUST HAVE a Series 7 and Series 24 to be considered
- BA/ BS Degree Preferred
- Minimum 1-3 years of related work experience
- Thorough understanding of compliance requirements, suitability, and security transactions for the financial services industry
- Microsoft Excel, Word and Outlook. Must pay attention to detail, display professionalism and confidentiality.
- Full time position with a salary range of $90,000 to $130,000 depending on experience
- Medical, Dental, Vision, 401k, Generous Paid time off
- Hours in the office -8:30 a.m. to 5:00 p.m. Monday to Friday
- Location: East Hills, Long Island-NY
- Website: www.blueocean.us.com
We provide equal employment opportunities (*EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, citizenship status, ancestry, status as a protected veteran, or any other protected classes in accordance with applicable federal, state and local law. *EEO applies to all terms and conditions of employment, including hiring, placement, promotion, discipline, termination, leave of absence, compensation, and training. *
Salary : $90,000 - $130,000