Description
Summary
The Trade Review Supervisor ensures conformance to Stifel Policy and Procedures through activities such as, but not limited to, reviewing suitability and best interests of all Life Insurance transactions types, working closely with Financial Advisors and Branch Managers to correct trade details/descriptions for transactions to conform to firm policies and procedures. Executing authority to cancel transactions until an order is deemed to comply. This individual assists in training Trade Review Analysts, Associates and Sr. Analysts, and serves as a liaison with the branches, Compliance, Marketing, Operations and Trade Review team. The Analyst assists the Manager, in all aspects of their job as well escalated decision making concerning individual transactions and supervision functions in general.
Essential Duties & Responsibilities
- Review and approve Life Insurance transactions by comparing the clients' existing portfolio and financial objectives with the knowledge of how the specific product(s) work(s).
- Review and approve trade documentation for completeness and accuracy, comparing elements to product specifications.
- Serve as an authorized individual, in addition to or in the absence of the Trade Review Manager, to review, address and/or resolve special situations, issues or trades.
- Train and mentor new Trade Review Analysts and Sr Analysts on trade review functions, Stifel's Policies and Procedures, and industry regulations. Serves as a coach by providing guidance and assistance.
- Collaborate with the Insurance Compliance Officer on trade review processes, product details, and specific transactions.
- Collaborate with the Licensing/Registration and Insurance Operations Departments on a daily basis.
- Coordinate objections for delayed or cancelled transactions and adequately explains such situations to department manager or senior management.
- Provide subject matter expertise to FAs and Sales Assistants related to paperwork requirements, submission process and uploading of requests to the Insurance Database.
- Ensure completeness and consistency in the validation of the data on transactions.
Qualifications
- Knowledge of all brokerage products, specifically life insurance, mutual funds, UITs, ETFs, and the managed funds program.
- Knowledge of multi-branch brokerage retail system.
- Solid knowledge of laws, tax codes, precedents, government regulations, and agency rules; familiarity with compliance issues surrounding insurance products.
- Understand the tax ramifications of insurance products and current tax codes that apply to these transactions.
- Knowledge of FINRA regulations, sales practices, and issues on Investment Company act products.
- Knowledge of state insurance regulations and the ability to keep current with states specific rule changes.
Education & Experience
- Bachelor's degree in Finance or related field or equivalent required.
- 2+ years' of experience working in the financial services industry required, life insurance experience preferred.
Licenses & Credentials
- Series 7, 63, 24 or 9 & 10, and Resident State Insurance License (Life and Health) required.
Systems & Technology
- Proficient in Microsoft Excel, Word, PowerPoint, Outlook
About Stifel
Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
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