Suitability Analyst

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Review applications and enrollment forms for financial services products to ensure they meet broker-dealer procedures and comply with FINRA regulations.

• Assess transaction details and the accompanying documentation.

• Follow up with registered personnel for any additional information or clarification needed.

• Ensure all broker-dealer documentation is complete and accurate.

• Assist in the application disposition process according to established procedures.

• Provide guidance to agents and registered personnel regarding product suitability, asset allocation, product replacements, and transaction documentation.

• Communicate outstanding requirements and suitability-related inquiries to registered representatives.

• Create and utilize exception reports and surveillance systems.

• Identify transactions or activities that necessitate further review.

• Collaborate with leadership on suitability and broker-dealer compliance initiatives.

• Contribute to the development of training materials for registered representatives.

• Aid in the development and testing of forms and system enhancements.

• Offer systems support for suitability processes and documentation.

• Recognize opportunities to enhance processes, documentation, and representative experiences while adhering to regulatory standards.

⛳️ Requirements

• High School Diploma or GED is required; a four-year college degree is preferred.

• A minimum of 2 years of relevant experience in the insurance or brokerage sector.

• Strong analytical and critical thinking abilities.

• Exceptional attention to detail and a strong commitment to accurate documentation.

• Excellent written and verbal communication skills.

• Capability to interpret and consistently apply procedures and regulatory guidelines.

• Proficient in managing multiple priorities in a highly regulated environment.

• FINRA Series 6 or Series 7 certification is required.

• FINRA Series 26 or Series 24 certification is required.

• Series 51/53 certification is preferred.

• Knowledge of suitability and transaction analysis.

• Familiarity with broker-dealer operations and compliance.

• Experience with regulatory documentation and recordkeeping.

• Skills in surveillance and exception reporting.

• Proficiency in problem-solving and research.

• Strong organization and prioritization skills.

• Ability to collaborate and build relationships.

• Commitment to continuous improvement.

🏝️ Benefits

• Bonus

• Periodic travel may be required.