Job Summary: Travel to company field offices and examine the procedures & activities of the office and advisors associated with each office, evaluating them for compliance with applicable company and industry rules and regulations.
Responsibilities:
· Schedule, plan and do pre-audit preparation for branch office audits.
· Interview financial advisors, managers, and administrative assistants regarding office procedures and advisor activities.
· Review and research branch office activities including, but not limited to, clients files, mutual fund and 529 transaction details, and correspondence to identify red flag issues and determine compliance with firm and regulatory rules and procedures.
· Prepare report findings of office visits and take follow-up action as necessary.
· Respond to routine inquiries from RVPs and managers concerning compliance issues.
· Remain familiar with current FINRA and state regulatory issues as well as the company’s own written supervisory procedures.
· Travel to field offices regularly (approximately 50-70% travel).
· Complete expense reports and other paperwork in a timely, accurate way as requested.
· Other responsibilities as assigned by management.
Requirements:
Candidates must have the following:
· Series 7 license
Additional knowledge, skills and experience needed:
· Obtain Series 24 within first three months.
· 2+ years brokerage industry experience
· Strong verbal and written communication skills.
· Demonstrated ability to perform investigative, analytical and interviewing responsibilities.
· Ability to work independently, exhibiting sound judgment and discretion.
· PC proficiency, including experience with Microsoft Word and Excel.
· Ability to handle travel responsibilities and expenditures in a dependable way.
· Strong organization and follow-up skills.
· Regular and predictable attendance.
· Knowledge of FINRA/SEC rules.
The following are not required, but are pluses for candidates who possess them:
· Experience with MS Access or other database programs.
· Familiarity with shareholder and licensing computer systems.
· Familiarity with product lines and forms of field compensation.
Founded in 1937, Waddell & Reed is one of the country’s most enduring asset management and financial planning firms. For more than 70 years, we have provided proven, professional investment management and financial planning services to individual, business and institutional investors. Today, we manage four mutual fund families and operate our business through three distinct distribution channels: the Advisors channel, the Wholesale channel and the Institutional channel.
Waddell & Reed offers an excellent work environment, generous retirement benefits (both a 401K with 100% match AND a Pension Plan), a 37.5 hour work-week, tuition reimbursement, excellent paid time off policy including 11 paid holidays, free financial planning to all employees and their families, on-site cafeteria, on-site fitness center, and a convenient Overland Park location (I-635 and Shawnee Mission Parkway).
Learn more about Waddell & Reed at www.waddell.com
