Bank of the West Senior Regulatory Advisor - Wealth Management in Sacramento, California
Senior Regulatory Advisor - Wealth Management
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
The Regional Advisor is responsible for providing effective supervision to the BWIS broker-dealer and registered investment adviser. In partnership with BWIS' Regional Sales Managers, Regional Advisors execute all duties and responsibilities outlined in the BWIS Supervisory Procedures Manual. BWIS' Supervisory Procedures are designed to help ensure compliance with all relevant SEC, FINRA, MSRB, and State securities rules and regulations and are also designed to timely detect non-compliance and conducts that are in violation. The Regional Advisor role is critical to the overall management and supervision of BWIS, and as such, are registered principals of the broker-dealer. Each Regional Advisor is assigned to provide coverage to a dedicated BWIS business Region to help ensure familiarity, consistency, ownership and follow-through of all supervisory issues relating to the Region.
Essential Job Functions
Oversees approval of new accounts, including ensuring appropriate KYC and AML obligations are properly satisfied, and ensuring ongoing review of suitability of customer account activity.
Monitors and reviews all Regional daily trading for areas including, but not limited to, KYC, suitability, excessive trading, unauthorized use of discretion, inappropriate use of margin, selling away, options approvals, concentrated positions, mutual fund activity, variable annuity activity, fixed annuities, fixed income, brokered CD activity, life insurance, registered investment adviser wrap free programs, customer conflicts etc.
Reviews daily, weekly and monthly surveillance reports and conducts follow up reviews as deemed necessary
Coordinates with BOTW Legal and Compliance Department on handling customer complaints and regulatory inquiries.
Coordinates with BWIS Compliance Department and BOTW Compliance Department in the delivery of formal training and interpretation of rules and regulations
Review and approves outside business activities/outside directorships
Impose and execute special, heightened supervisory procedures, as necessary.
Maintain knowledge of all new products and services added to BWIS platform
Other Job Duties
Review all correspondence, including a sample of email correspondence, for assigned region
Liaise and provide advice to Regional Sales Managers on hiring and recruiting issues
Contact BWIS clients, as necessary, to help ensure compliance and high levels of customer service.
Performs other duties as outlined in BWIS Written Supervisory Procedures and Delegation Memo, or as assigned by BWIS or BOTW Management
Performs other duties as assigned.
Requires deep knowledge of job area typically obtained through advanced education combined with experience.
Typically viewed as a specialist within discipline.
May have broad knowledge of project management.
Requires 7 years minimum prior relevant experience.
Bachelor's Degree Finance, Accounting, Business or related field
High School Diploma or GED Required
Licenses & Certifications
- FINRA Series 7, 24, and 66 (or 63 and 65)
Strong knowledge of broker-dealer supervision and compliance, preferably at a bank-broker/dealer ;.
Ability to read and interpret securities regulatory statutes;.
Strong Microsoft Excel and Microsoft PowerPoint skills;.
Strong communication and inter-personal skills;.
Strong writing skills.
Reports to Manager of Regional Business Supervisors.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States-Nebraska-Omaha
Other Locations: United States-California-Sacramento, United States-Colorado-Centennial, United States-Arizona-Tempe
Requisition ID: 059169