Regional Mgr - Branch Supervision (Western US Territory)

Job Family

Regulatory Compliance

Who We Are

 

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).

Job Description Summary

Provide supervision over the securities activities of Branch Office Supervisors and Registered Representatives in an assigned region.

Job Description

Responsibilities

• Provide direct supervision of Branch Office Supervisors and Registered Representatives for broker dealer and investment advisory functions; provide supervision, guidance, advice, and training.
• Maintain files required by the WSPs to be maintained at the branch location for each Branch Office Supervisor and Registered Representatives.
• Assist in the creation of new branch offices and the development of existing offices.
• Participate in regulatory examinations within the assigned region.
• Review and accept or deny requests for non-registered locations.
• Monitor the activities of Branch Office Supervisors, Registered Representatives and NRLs within the region in accordance with the Firm’s written supervisory procedures.
• Monitor the performance of Branch Office Supervisors to ensure they are able to properly supervise the number of Registered Representatives assigned to them.
• Designate, reviews and remove Branch Office Supervisor status as needed.
• Makes decisions for acceptance or denial of new applicants and, when necessary, for the suspension or termination of Branch Office Supervisors and Registered Representatives.
• Visit branch offices periodically to review and monitor for adherence to company policies and procedures.
• Review annual audit report and implement procedural changes to ensure that identified deficiencies are not repeated.
• Reviews written correspondence and communications with the public in accordance with company policies as needed.
• Review and approve, or deny, outside business activities and private securities transactions requested by Branch Office Supervisors and Registered Representatives.
• Perform final review and acceptance of Form U4s for applicants, including interviews with the sponsoring Branch Office Supervisor and/or applicant, and/or requests for additional supporting documentation. Approve/recommend Heightened Supervisory Agreement (HSA), or refer to Special Review Committee.
• Implement, monitor, and dissolve HSAs within the region.
• Review and accept, or deny, requests from Branch Office Supervisors for assignments or reassignments of Registered Representatives.
• Monitor Registered Representatives compliance with Firm and regulatory continuing education requirements.
• Review and monitor Branch Office Supervisor and Field Representative completion and compliance with the Firm’s annual compliance meeting and Firm element requirements
• Review and monitor Branch Office Supervisor and Field Representative emails to ensure compliance with Firm policies.
• Handle calls and inquires during regions office hours to ensure inquiries are resolved satisfactorily, including incoming calls on the RBM call line.
• Refer to and provide input to the Compliance Division on regulatory violations, sales practice improprieties, or actual or potential violations of Firm policies and/or regulatory requirements as needed.
• Periodically attend public events conducted by TFA Field Representatives to ensure compliance with Firm policies.
• Create, facilitate and promote Firm training programs as deemed necessary by management.
• Perform additional supervisory and compliance functions as needed.

Qualifications

• Bachelor’s degree in a business-related field or equivalent experience
• Five years of securities industry related experience
• FINRA Series 6 and 26 (and obtain 7 and 24 licenses within one year)
• In-depth knowledge of compliance, suitability issues, securities products, and FINRA regulations
• Strong written/oral communication and interpersonal skills
• Facilitation and trai