at Mesirow Financial in Highland Park, Illinois, United States
Job Description
Description
The Company:
Mesirow is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate, and individual clients achieve their objectives. We are proud of Mesirow’s culture of fostering team member engagement, entrepreneurship, and empowerment. Our positive culture, volunteerism, and opportunity for advancement makes Mesirow one of the few employers to be included in both Chicago Tribune’s Top Places to Work and Crain’s Best Places to Work in Chicago.
Our advisors provide investment and fiduciary services to individuals, families, corporations, and non-profit organizations. With over $8B in assets under management, we have earned a reputation for effectively managing our clients’ needs and goals. Wealth Management has been Mesirow’s flagship business for over 80 years, built around our trusted advisors, with an average tenure of over 20 years.
The Opportunity
We are seeking a highly motivated Branch Supervision Principal to assist with the day-today regulatory supervision and compliance responsibilities relating to activities of Wealth Advisor Teams located in Highland Park, and Chicago, Illinois. The individual will work with the following members of Mesirow Wealth Management leadership: the Managing Director, Supervision, and the Chief Operating Officer.
This position requires a mix of compliance, supervision, operations, and industry knowledge. Candidates should be well oriented in Securities and Exchange Commission (SEC), and Financial Industry Regulatory Authority (FINRA) rules and regulations.
Further, the role requires baseline knowledge of broker dealer and RIA account operations, wealth management technology, and cross-functional engagement with various internal departments.
Responsibilities: Principal Review
+ Review of daily exception reports
+ Review of client new account documentation including the acceptance of the client relationship under the Customer Information Program (CIP), Form CRS, IRA Attestations, and DOL Brochure delivery
+ Principal review of client account and household level requests in clearing firm system including money movement requests and account maintenance
+ Suitability: provide review and approval of investment recommendations
+ Develop desktop procedures and working guides for operational processes
+ Monitor and review of daily trading activity reports, identify and report trade errors.
+ Review trade exception reports, identify and maintain evidence of remediation of regulatory exceptions
+ Electronic correspondence review. identify conflicts of interest, prohibited behavior in communications
+ Review advertising and client presentation material for compliance with applicable rules and regulations
+ Communicate clearing firm policies to the advisory teams
+ Collaboration and communication with Legal/Compliance team members
+ Internal and regulatory audit preparation
+ Operational inquiries: Respond and assist advisory teams in Highland Park and Chicago, IL offices.
Responsibilities: Business Operations+ Proactively work with and collaborate with internal business partners
+ Liaison to Mesirow’s information technology department with respect to various project implementations and technology enhancements
+ Liaison to Securities Processing to ensure efficiencies, and improve operational procedures
+ Ensure efficiencies, working to improve operational procedures including resolution of issues identified in new account opening
+ Coordinate and assist in ad-hoc special projects as requested by Wealth Management Leadership
Requirements:
+ Series 7, 66, 9/10 or 24 licensed, or a commitment to obtain within first six months of employment.
+ Minimum 3-5 years relevant work experience.
+ Bachelor’s degree or commensurate experience.
+ Strong working knowledge of both Securities and Exchange Commission (SEC), and Financial Industry Regulatory Authority (FINRA) rules and regulations
+ Working knowledge of National Financial Services (NFS) clearing firm policies and workflows
+ Strong interpersonal skills, with a desire to foster relationships and collaborate across departments
+ Exceptional oral and written communication skills.
+ Investigative abilities and capacity to research issues.
+ Strong process documentation and reporting capabilities.
+ Self-motivated and self-directed with proficiency in Microsoft Office applications.
+ Strong cross-functional team liaison with collaborative approach to problem solving.
+ Ability to independently analyze and research and problem solve,
+ Capable of prioritizing and managing multiple tasks in a fast-paced environment.
+ Professional, with a high-level of integrity and ability to maintain confidentiality.
EOE
