The Suitability Analyst will be part of a team that is responsible for principal review of all trading activity for the Lincoln Financial Securities (LFS) Broker-Dealer, evaluating client trade suitability and overall firm risk. Transaction review will be for all trades placed by LFS registered representatives and trades placed through external vender/par...
The Suitability Analyst will be part of a team that is responsible for principal review of all trading activity for the Lincoln Financial Securities (LFS) Broker-Dealer, evaluating client trade suitability and overall firm risk. Transaction review will be for all trades placed by LFS registered representatives and trades placed through external vender/partner relationships. The Analyst will be responsible for analyzing complex trade suitability, trade risk, legal, compliance, and regulatory issues while working to develop solutions that satisfy the needs of the customer and firm. They must continue to monitor an ever changing regulatory environment and be proactive in working with management to implement new procedures and policies. The position is also responsible for the oversight, detection and prevention of violations of LFS procedures and securities industry rules and regulations
-Identify product and sales practices that present higher liability to the firm
-Work with staff, OSJ Managers and Advisors to mitigate this risk
-Builds and maintains a broad knowledge base of the securities industry (regulatory, markets, products, processes, and operational methodologies) and on technology and system
-Facilitate the suitability review of all direct business and monitoring brokerage account trade activity (mutual fund, equity, fixed income, options, etc.); ensuring compliance with all internal procedures and applicable industry regulations
-Monitor & analyze exception reports
-Prepare presentations and written communications to staff and field
-Identify and implement process improvements
-Measure, track, analyze, and report statistical data
-Maximize existing reporting resources and develop additional resources, as regulatory and business needs require
-Prepare, maintain & update internal databases and reports using multiple resources
-Conduct special investigations and research
-Capable of building cross department relationships at all personnel levels to achieve results
SKILLS REQUIRED:
Bachelor Degree required
3+ years of securities operations and/or compliance experience
Ability to demonstrate sound judgment while resolving issues
In-depth knowledge of securities industry and products
Self-motivated and comfortable taking ownership of projects and tasks from beginning to end
Strong organization skills, attention to detail
Commitment to proper compliance documentation
Professional business presentation and demeanor
FINRA Series 7 & 24 required.
FINRA Series 53 required within 90 days of hire and Series 4 required within 9 months of hire.
Some travel may be required
FEATURED JOB Suitability Analyst posted 58 days ago on Jobster.com
