Description
The Head of Wealth Supervision will be responsible for building out the first line of defense day-to-day supervision for the Private Wealth and Citizens Securities wealth businesses. This role will require at least 10+ years of industry experience with a vast knowledge of both brokerage and RIA supervision. Strong product and supervision knowledge in Alternative Investments, Structured Products, Insurance, Annuities, along with a strong knowledge of portfolio investment supervision will be required. This role will provide oversight to a team of Regional Supervision Officers responsible for reviewing and approving various financial transactions, accounts, and activities, ensuring compliance with regulatory standards and internal policies, by meticulously examining documentation and identifying potential risks, while providing guidance to team members on complex cases and maintaining a high level of quality control and collaboration. This role will provide oversight, supervision, and be a point of escalation to Wealth Advisors and support staff and is a key strategic role for the Supervision/Risk organization.
Key responsibilities may include:
Strategic Partner: Collaborate with the Head of Business Oversight and Controls to build out the day-to-day Supervision of the Private Wealth (RIA/Brokerage) and Citizens Securities wealth business
Supervision Oversight: Leading team in reviewing and approving transactions, new account openings, margin applications, options trades, trade corrections, and other activities requiring principal approval to ensure adherence to FINRA, SEC, and other regulatory requirements
Point of Escalation: All RSO, Wealth Advisor, and client escalations will be handled by the role
Team Management: Supervising a team of Principal Review specialists, assigning tasks, providing training, coaching, and performance evaluations to maintain high standards of accuracy and efficiency
Risk Assessment: Identifying potential compliance risks within transactions and accounts, escalating issues to relevant departments for further investigation and corrective action
Policy Interpretation: Interpreting firm policies and procedures related to principal approvals, ensuring consistent application across the team
Regulatory Reporting: Maintaining accurate records of review activities and preparing reports for regulatory examinations as needed
Client Compliant Resolution
Collaborating with other departments like sales, operations, compliance, and legal to address issues, clarify guidelines, and ensure smooth operations
Qualifications:
In-depth knowledge of securities industry regulations, including FINRA/SEC rules, suitability guidelines, and anti-money laundering regulations
In-depth knowledge of the following products and the supervision of these products:
Alternative Investments
Structured Products
Syndicate
Insurance
Annuities
In-depth knowledge of portfolio investment supervision
10+ years of industry experience in supervision is required
Series 7, Series 66 (or Series 63 and Series 65) and Series 24 (or Series 9/10) licensure required
Ability to lead and motivate a team, provide effective feedback and coaching to staff
Insurance licensure and Series 4 preferred
Strong verbal and written communication skills
Strong organizational and teamwork skills
Hours & Work Schedule
Hours per Week: 40
Work Schedule: M-F
Pay Transparency
The salary range for this position is $150,000 - $185,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work
arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid
time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
