Job SummaryKey Deliverables and ResponsibilitiesCambridge is seeking an Advocacy and Supervision Principal to join the Advocacy and Supervision department. This role is responsible for reviewing, analyzing, and approving daily transactions and account activity while helping ensure adherence to firm policies, clearing firm requirements, and applicable regulatory standards. The ideal candidate is a thoughtful, detail-oriented decision-maker who can assess complex situations, identify potential risk, and balance service with sound supervisory judgment.
Key Responsibilities:- Review, analyze, and approve daily transactions, including Mutual Funds, Variable Annuities, Variable Life, 529 Plans, and Direct Participation Programs/Real Estate Investment Trusts.
- Review client information, suitability forms, new account documentation, sponsor applications, third-party money manager agreements, CIRA advisory agreements, and independent advisory paperwork for completeness, accuracy, and acceptance.
- Provide review and oversight of OSJ approval trades and brokerage account transactions for financial professionals reporting to the home office.
- Use the firm's compliance engine, dual brokerage platforms, clearing firm reports, and custom reporting tools to conduct supervisory reviews and identify activity that may require escalation.
- Research complex questions, assess suitability and risk, and make independent recommendations while maintaining strong working relationships with financial professionals and internal partners.
- Ensure adherence to firm policies and procedures, clearing firm policies, and applicable requirements; inform management of potential violations or concerns.
- Provide professional, courteous problem-solving and troubleshooting support for inbound phone calls, voicemails, emails, and occasional in-person inquiries from existing and new financial professionals and staff.
- Assist with the organization, development, and delivery of training programs and materials for new and existing financial professionals, including phone training and administrative workshops.
What We Are Looking ForA strong Principal investigates rather than simply processes. They ask thoughtful questions such as, "What am I missing?", "Does this make sense?", "What is the client's objective?", and "Is there a pattern here?" They are willing to go where the work is, navigate available resources, make difficult decisions when they are the right decisions, and escalate concerns appropriately.
Education and Experience:- 2+ years of related experience, education, and/or training in supervision, compliance, brokerage operations, financial services, or a related field.
Licensing:- FINRA Series 7 and Series 24 licenses are required.
Location: Phoenix, AZ or Fairfield, IA - hybrid attendance (in-office 3 days/week)
