VP, Wealth Management Products And Trading Supervision

Full Time

Investment Firm

Office Status: Hybrid

Investment firm client of Madison-Davis 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
  • Performs other duties as required and assigned

Experience and Skills

  • Bachelor’s degree from an accredited university
  • 10+ 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)
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