Wealth Oversight Consultant - Procedures & Controls

Summary

The Oversight Consultant – Procedures and Controls is responsible for assisting with operational controls and oversight to manage risk associated with the offering of advisory and brokerage products and services. This role supports Wealth policy, procedure and control efforts, audit finding management, record retention efforts, and other projects as needed.

Primary Duties & Responsibilities

• With limited direction and supervision, assists with ownership of small to moderate (with some large) operational controls and oversights for Wealth investment products, programs and services in order to mitigate risk. This includes design and implementation of new or existing policies, procedures and controls.
• Interprets customer (internal and external) needs can explain and translate product or program features and functions into operational controls to mitigate risks.
• With moderate autonomy, translates wealth risk and controls strategy into product design details and requirements, and may be expected to perform ongoing oversight or control processes on behalf of the first line of business.
• Provides expertise and support to internal teams and advisors for risk management and oversight and controls programs
• Utilizes knowledge of best practices for regulatory compliance and operational controls in order to ensure adherence to business conduct policies/procedures for Field and client practices or ensures the escalation of thereof for concerns
• Manages the appropriateness and timeliness of proposed resolutions for Wealth internal audit findings.
• Ensures the department meets the Enterprise’s books and records requirements and that they are accurately documented within policies and procedures or ensures the escalation of non-compliance or concerns to the supervisor.
• Assists with metrics reporting, regulatory inquiries and examination requests.
  
  

Qualifications

• Bachelor's degree or equivalent in business, finance, economics or related field Equivalent combination of work experience at Northwestern Mutual will be considered.
• 5 plus years of experience in financial services with an emphasis in operations, investment products, regulatory support, or compliance and supervision.
• Demonstrated ability to drive change within cross-departmental initiatives
• Strong attention to detail and ability to develop risk and controls expertise
• Ability to leverage industry resources
• Strong organizational and follow-through skills, with ability to work within deadlines, prioritize work and multitask.
• Proven leadership skills including relationship building, negotiating, delegation, planning and organization
• Superior verbal and written communication skills
• Critical thinking and analytical skills, with the ability to research and resolve problems and issues consistent with regulatory requirements.
  
  

This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting.Series 24 - FINRA, Series 7 - FINRA, SIE - FINRA

Compensation Range

Pay Range - Start:

$89,360.00

Pay Range - End

$134,040.00

Structure 110

Geographic Specific Pay Structure:

$98,320.00 USD - $147,480.00 USD

Structure 115

$102,800.00 USD - $154,200.00 USD

We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

Skills

Policy & Procedure (NM) - Intermediate, Attention to Detail (NM) - Advanced, Decision Making (NM) - Intermediate, Risk Assessment & Identification (NM) - Intermediate, Cross Functional Partnering & Planning (NM) - Intermediate, Project Management (NM) - Advanced, Continuous Improvement (NM) - Intermediate

FIND YOUR FUTURE

We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups