BBVA Supervisory Principal I/Dallas in DALLAS, Texas
Deadline for applying:
USA - Compass Bank dba BBVA Compass
What does the job entail?
The Supervisory Principal is responsible for recognizing and assessing investment suitability risk by exercising good judgement based on review of client and product information. This team member will be responsible for thoroughly analyzing the associated data and documentation to decision the related trades and accounts.
All trades placed at the firm will be reviewed for completeness and suitability. The Supervisory Principal will evaluate sales for pertinent information collected by the Financial Advisor regarding the client. They will question any e document discrepancies or findings via email or telephone and document each sale with resolution of findings. In addition to approving new brokerage accounts for completeness and suitability, the Supervisory Principal approves trades daily for mutual funds, annuities, life insurance, 529’s, bonds, UITs, structured notes and CDs for suitability. The Supervisory Principal will also participate in the training of newly licensed employees in procedures and paperwork.
Review annuities and life insurance for completeness and suitability. Verify source of trades and compare 1035 exchanges and investment switches. Ensure the sale was made in the client’s best interest.
Evaluate transaction activity with respect to breakpoints, appropriate share class and potential suspicious activity or other regulatory red flags.
Use independent judgment to analyze complex situations and make sound decisions that mitigate regulatory risks.
Review and approve trades daily for mutual funds, bonds, UITs, structured notes and CDs for suitability.
Review new accounts for suitability and completeness. Determine if there are any red flags that could indicate fraudulent accounts.
Provide compliance training as necessary; train newly licensed employees in procedures and paperwork.
Collaborate with department management to establish and maintain policies and procedures to ensure compliance with new and existing securities laws, rules and regulations
Other duties as assigned.
The Review Principal will receive guidance, mentoring, and on-the-job training while performing increasingly challenging and complex assignments.
Bachelor's degree in management, finance, or other closely related field is preferred, along with two to four years of experience in a principal review desk position.
Requires an in-depth knowledge of state and federal securities laws, practices, and regulations in addition to strong analytical, communication and technical skills.
Great attention for detail is a must.
Ability to work under pressure in a fast paced environment.
Proficient in Word and Excel.
A series 7, 63, 24, and Life Insurance licenses are required.
Series 53 is a plus. Passing the Series 53 exam within six months of accepting the position is required.
2 to 4 years of Insurance and/or Brokerage experience.
REQUIRED: A series 7, 63, 24, and Life Insurance licenses are required. Series 53 is a plus. Passing the Series 53 exam within six months of accepting the position is required.
Note: This job has multiple levels (i.e. I, II, III, etc.). The posted job description includes the qualifications associated with the entry level position. If hired, you may be placed at a level above the entry level position. The level of placement will be based on experience, education and skills.
Additional Minimum and Preferred Qualifications
Note: Required to meet credit history and criminal background requirements associated with Nationwide Mortgage Licensing System and Registry registration process, to include FBI fingerprint criminal history report and review of credit report
Note: Must meet credit history and criminal background requirements associated with Financial Industry Regulatory Authority registration process, to include FBI fingerprint criminal history, review of credit report, civil litigation, liens, and other public records
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA Compass, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing:firstname.lastname@example.org by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
BBVA Compass, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " & "View the EEO is the Law Supplement Poster (https://www1.eeoc.gov/employers/upload/eeoc_gina_supplement.pdf) " poster. BBVA Compass, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.
Working at BBVA
BBVA is a global company with over 160 years of history present in 30 countries with over 79 million customers. We are more than 125,000 professionals working in multidisciplinary and diverse teams.
At BBVA, we are ahead of the transformation that is taking place in the banking sector, challenging the status quo, to make life easier to our customers.
Being part of BBVA means developing your career in one of the most innovative companies in finance.
We're committed to responsible banking to help drive a more inclusive and sustainable society. The future of banking lies in financing the future.
We started out with the spirit of helping others make the best financial decisions. That spirit remains with us today and encourages us to keep moving forward, prioritizing innovation and digital transformation so that we can put the opportunities of this new era within everyone's reach.
At BBVA, we believe that having a diverse workforce makes us a better bank. We are proud to be a company that prioritizes diversity, inclusion and equal opportunities, regardless of the race, age, gender, ethnicity, disability, religion or sexual orientation of our employees and collaborators.
Our values define our identity; they are what drives us to make our goals a reality and they guide all of our actions and the decisions we make.
Customer comes first
We think big
We are one team