Commonwealth Financial Network - Independent Broker/Dealer

Trade Review Principal, Direct Investments
(Direct Investments is actually made up of four groups: New Accounts, Trade Review, Direct Investments, and the Customer Identification Program (CIP). Together they handle account approvals, conduct suitability reviews, maintain account requests, and ensure accuracy of client information.)

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Commonwealth Financial Network is a prominent national investment company that prides itself on offering the highest level of service. In addition to various industry awards, Commonwealth has been acknowledged for five consecutive years as one of the Best Places to Work in Massachusetts by the Boston Business Journal. The applicant should exemplify this level of service.

The trade review principal reviews investment business (check and application) for Commonwealth brokers who invest directly with mutual fund companies, sponsor firms (for annuities), and direct participation programs. He or she also processes third-party paperwork for advisory accounts held outside of our clearing relationships, establishing PPS Retirement Solutions accounts and PPS Variable Annuity accounts. In addition to working with Account Services, this role involves working closely with Compliance and Product throughout the review process.

The successful candidate will be excited to own the direct investment process to ensure that daily deadlines are met (reviewing all investments for suitability, signing off on business, and ensuring that the final package is complete and mailed).

Responsibilities include, but are not limited to, overseeing the direct investment workflow to ensure that all requirements and standards are met by our brokers and home office staff, final review and sign-off on investment applications and subscription agreements, developing process improvement recommendations to enhance department workflow, and working with brokers to resolve escalated issues surrounding these investments.

Requirements:

FINRA Series 7, 24, and either 51, 53, 63, or 66 securities licenses, required
Must have at least two years of operations/processing experience
Familiarity with the current regulatory environment as it relates to client suitability in the financial services industry
Attention to detail that stands out as a top skill!
Desire to be responsible for tasks from beginning to end, attending to each and every detail
Effective communication skills, both written and oral
Stand-out phone personality
Must be able to solve problems in an efficient and professional manner
Working knowledge of Microsoft Office basics (Word, Excel)

Waltham, MA position

Please reference the job code 08-051 when applying.

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