Job Description

Job Summary
Under limited direction of management uses specialized knowledge and skills obtained through experience, specialized training and/or certification to lead, organize, and conduct Financial Planning and Investment Consulting (Wealth Advisory Services) supervision reviews adhering to firm compliance policies and regulations to limit the firm's liability. Consults independently and directly with Financial Advisors regarding contract and services provided including fee agreement content, escalations as needed and deliverables review to ensure proper services are provided for fees that are collected. Delivers on projects broad in scope and complexity, requiring cross-functional coordination. Resolves or recommends solutions to complex problems.

Essential Duties and Responsibilities
Conducts supervision reviews and monitors services rendered versus contractual obligations, the Investment Advisors Act of 1940, and the Raymond James Wealth Advisory Services Program Guide. Reports findings to IFS Management and manages concerns in a professional manner.
Pro-actively monitors and ensures that consulting fee services with clients' meet the objectives of the approved contract.
Report and recommend solutions to IFS Management of any supervisory concerns that may arise with regional division management, Branch Management and Financial Advisors.
Direct the design, development, and implementation of standard operating procedures focused on all aspects of Wealth Advisory Services Supervision as needed
Assist and collaboratively work with the Wealth Advisory Services Supervision team on the enhancement and implementation of supervision tools
Represent the Wealth Advisory Services Supervision team in meetings with stakeholders such as Wealth Advisory Services, Compliance, Legal, Billing, and more.
Independently and/or collaboratively lead the analysis and generation of risk-based supervision sample sets
Research, monitor, and report on regulations, laws, and policies regarding consulting fee agreements and applies them accordingly.
Monitor Advisor compensation to ensure compliance with contractual terms and the Wealth Advisory Services Program Guide
Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities
Knowledge of
Economic and accounting principles and practices, financial markets, investments and insurance-based products.
Investment Advisor's Act of 1940
Wealth advisory services including financial planning, retirement planning, tax planning, insurance planning, estate planning, education planning, business planning, and investment consulting
Investments and trading, securities industry regulations, and client suitability (all at a level consistent with the requirement of Series 9/10 and/or 24 licensing).
Multiple software platforms, Raymond James data warehouse, and other systems used for position and pricing data is preferred.
Raymond James systems such as Client Center, Service Center, and others used to retrieve data or verify information.
Suitability and other compliance issues involved with consulting fee activity.
Company's working structure, policies, mission, and strategies.

Skill in
Investments and trading, securities industry regulations, and client suitability. Familiarity with Raymond James and its systems is preferred.
Suitability and other compliance issues related to branch management and Financial Advisor trading activity and investment recommendations.
Critical thinking and decision-making, involving the interpretation of regulatory rules and compliance policies.
Detail orientation to ensure the regulatory liability is limited, without impairing workflow.
Conducting phone, virtual and in-person meetings in a professional manner.

Ability to
Manage and complete multiple projects and tasks with minimal direct supervision.
Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels including branch managers/FAs.
Establish and maintain effective working relationships.
Establish and communicate clear directions and priorities.
Apply critical thinking to quickly ascertain the true nature of problems and communicate resolutions in a non-technical manner.
Provide a high level of customer service.

Educational/Previous Experience Requirements
Bachelor's degree (B.A) in a related discipline and a minimum of 2 years experience in risk management, supervision, internal audit, compliance, or related roles

Licenses/Certifications
Series 7 license required or ability to obtain within designated timeframe.
Series 9 and 10 license preferred.
Additional licenses or designations required for assigned functional area such as Life, Health & Variable Annuity Insurance License, or ability to obtain within designated timeframe.