Principal, Review Specialist
Valmark Financial Group
- Akron, OH
- $60,000-70,000 per year
- Permanent
- Full-time
- Review and approve new business and transaction related requests, including but not limited to T+1/post-transaction review through the use of electronic imaging and our workflow systems.
- Process and resolve post transaction cases in NIGO queues, confirm or override NIGOs, approve business as appropriate.
- Provide assistance to Sr. Principals in performing day-to-day responsibilities as directed.
- Assist with any special approvals or projects related to risk management.
- Assist in reviewing and updating the following tools: PASS Form, Rollover Tool, Benchmarking Data, 529/Breakpoint Resources, etc.
- Assist in reviewing and updating principal review guidelines.
- Assist in reviewing eDeposit check ledger monthly to monitor, review, and identify rollover transactions defined by the DOL and ensure compliance.
- Provide research support regarding the Consolidated Audit Trail (CAT) and assist with resolving any deficiencies.
- Assist in reviewing MSRB trade reconciliation reports and ensure transactions are compliant with the MSRB regulations and rules.
- Ensure compliance with Written Supervisory Procedures (WSP) and Anti-Money Laundering (AML) program.
- Notify management when potential business risks on business submitted have been identified and business is not in accordance with compliance guidelines and regulatory requirements.
- Maintain knowledge of current regulatory requirements (i.e. RegBI, DOL, MSRB, etc.).
- Record detailed notes in CRM for further processing by other team members and for use for regulatory requirements and audits.
- Provide backup assistance to other team members as business needs dictate, (i.e. Investment Operations call queue).
- Perform other tasks assigned by management.
- Strong knowledge of financial industry, regulations, and investment products
- Strong knowledge of Valmark Operations procedures, paperwork, and processing
- Strong knowledge of various technologies: Microsoft Office and CRM, OnBase, MyCase, LaserApp, vendor software (Schwab and Pershing), Albridge, DST Vision
- Strong written and verbal communication skills, with the ability to deal effectively with various people including staff, management, vendors, and Member Offices
- Ability to work in a fast-paced environment and handle multiple projects simultaneously to meet standard level service agreements
- Ability to be a self-motivated, independent worker, while occasionally working effectively in a team environment
- Strong analytical, problem-solving, research skills
- Bachelor’s Degree in Finance or related field or 3+ years of financial services industry experience
- FINRA registration: Series 24 or requirement to obtain certification within 6 months of start date
- Life and Health Insurance License
- 5+ years of financial services industry experience
- FINRA registration: Series 53 or equivalent
- Industry designation (CFP, CPA, MBA)
- Certified in operational process improvement (Lean 6 Sigma, Kaizen)