Senior Compliance Advisor- Compliance Dept

AIG Financial Advisors, Inc. (AIGFA) is one of the nation's largest broker-dealers with $42 billion in total account assets, 2,275 affiliated independent financial advisors and more than 500 OSJ managers. Headquartered in Phoenix, AIGFA supports fee-based financial advisors with one of the most robust technology platforms and largest advisory services teams in the industry. AIGFA's dedicated business development team addresses the unique market needs of affiliated financial advisors by providing customized business solutions that achieve long-term growth objectives. AIGFA is a registered broker-dealer and SEC registered investment adviser, member NASD and SIPC, and member company of American International Group, Inc.

 

SUMMARY

Performs oversight on the outside business activities, branch office examinations, supervisory office visits, letters of inquiry, education, caution, cease and desist, executive review committee/disciplinary review committee updates and follow-up, registered representative termination process, signature guarantee approvals, compliance journals, annual compliance questionnaires, 407 letters, written supervisory procedures manual updates and testing process, U5 termination update, and escalated events of registered representatives of AIG Financial Advisors, Inc.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.Reviews first line supervisor?s approval of outside business activities and annual compliance questionnaires and determines possible conflicts and/ or exposure to the Network broker-dealers.  Provides independent recommendations on those activities to management for their action.  Reviews examinations that have triggered a ?red? or ?yellow? status that requires follow-up from the supervisor and compliance.  Also prepares documents (i.e. letters of inquiry, education, caution, cease and desist) for the Executive Review Committee and Disciplinary Review Committee for escalated events. Reviews Registered Representatives outside activities who are new to the firm both electronically and in paper form.  Provides information and solutions to Reps in the field with questions regarding their outside activity.Implements and manages the termination process of registered representatives affiliated with AIGFA, including but not limited to issuing termination letter to the registered representative, first line supervisor, notification letter to clients, ensuring books and records are secured, U5 termination updates.Compiles registered representative and branch information for the Supervisory Office Visits conducted the Regional Managers.Provides information and assistance to registered representatives regarding compliance issues, AIGFA rules, and industry regulations in a written and oral format.Reviews applications, Form U4 information and internal recommendations to determine approval for signature guarantee stamp requests.Coordinates the content, review, and release of Compliance Journals to registered representatives via the Source.Reviews and determines approval for registered representative personal outside brokerage accounts and manages the 407 letter requests for registered representatives of AIGFA and persons affiliated with other broker-dealers opening a Pershing brokerage account with AIGFA.Coordinates and implements quarterly content updates and annual testing to the firm?s written supervisory procedures manual in conjunction with NASD Rule 3012 and 3013.Reviews documents and information, conducts research, and performs special projects as assigned.Dependent upon the time of year, the Compliance Advisor will be cross trained in other areas to assist with the various deadlines in the Compliance Department.  Other areas include, but are not limited to: continuing education tracking, advertising review, branch office examinations and general compliance tracking of required documents. 

 

SUPERVISORY RESPONSIBILITIES

No supervisory responsibilities.

 

QUALIFICATIONS  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

EDUCATION and/or EXPERIENCE

Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.



COMPUTER SKILLS

Understanding of Windows 2000, Excel, Powerpoint and the Internet.

 

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, and percentages.

 

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

 

CERTIFICATES, LICENSES, REGISTRATIONS

Series 7 required. Series 24, and 63 licenses required within the 120 days of employment if not already obtained.