Supervision Officer

The Central Supervision Group (CSG) assists in the development, implementation and enforcement of supervisory policies and procedures across Neuberger Berman’s Private Wealth (PW), North American Institutional and North American Intermediary client coverage channels. CSG seeks a qualified candidate to join our high-impact team.

Responsibilities:

• Provide procedural guidance to Portfolio Managers, Wealth Advisors, Salespersons, administrators and internal business partners via email, telephone inquiries and meetings

• Principal review and approval of account maintenance and new accounts, including natural person and entity new accounts, with strategies spanning across asset classes (equity, fixed income, private equity/credit and hedge funds) with emphasis on best interest standards, investment policy statement (IPS) review and meeting appropriate documentation requirements

• Monitor Discretionary & Non-Discretionary Investment Advisory program relationships, using proprietary firm tools, with focus on identification, mitigation and resolution of alerts related to IPS Compliance (including but not limited to deviation from asset allocation/risk profiles, suitability of portfolio holdings, alternative investment exposure, and related account activities within client relationships)

• Timely review and approval of client correspondence, including print and electronic communications, such as customized presentations, strategy decks and email surveillance in accordance with FINRA and SEC rules regarding communications with the public, all under tight deadlines

• Assist in the analysis, development and implementation of policies and procedures to ensure compliance with various regulations including the Investment Advisers Act of 1940 and the Investment Company Act of 1940 rules and regulations

• Review and evaluate portfolio holdings verse client account objectives to ensure compliance with best interest standards.

• Evaluate periodic supervisory reports focused on suitability of portfolio holdings and activities within client accounts and liaise with PW teams on resolution of exception items.

• Work closely with internal/external auditors and Legal and Compliance to respond to regulatory inquiries.

• Cross-train in additional supervision areas, dependent upon business requirements

Qualifications:

• Bachelor’s Degree required

• Must have an active Series 7 license.

• Series 66 and 24 (or 9/10) licenses are required; must be obtained within the first 6 months if not already held

• Must be prepared and capable of working on-site five days a week for a full year once fully licensed in compliance of FINRA RSL Rule.

• 3-5 years of investment advisory or broker-dealer experience, ideally with background in supervisory principal activities

• Detail-oriented with strong organizational and follow up skills

• Must be able to operate independently and function as a team player

• Demonstrated ability to use sound judgment and critical thinking skills to investigate, evaluate and resolve complex issues

• Strong collaboration, influence, and excellent interpersonal skills including the ability to interact with all levels of staff

• Demonstrated analytical ability, strong written and oral communication skills

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Compensation Details

The salary range for this role is $90,000-$110,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular emplo