Investment Advisory Surveillance Analyst

Commonwealth Financial Network is a prominent national investment company which prides itself on offering the highest level of service. In addition to various industry awards, Commonwealth has been acknowledged for four consecutive years as one of the “Best Place to Work” by the Boston Business Journal. The applicant should exemplify this level of service.

 

In helping to coordinate and develop Commonwealth’s field surveillance program, the Surveillance Analyst will take a hands-on approach, work well under pressure, and have the ability to see consequential actions and provide appropriate solutions and act independently. 

 

The Surveillance Analyst will be a strong relationship builder, proficient communicator (both written and oral), demonstrate strong analytical and quantitative analysis, and have a solid background in mutual funds, variable products, general securities, and direct participation programs.  A passion for service, high attention to detail, strong analytical and problem solving skills, ability to manipulate data, identify trends, strong investigative skills, and proficiency in Microsoft Office (Word, Excel, Access), and ability to learn new applications/software quickly are all skills required by the Surveillance Analyst. 

 

This role will work directly with the Surveillance Manager and Compliance team while interacting with other Commonwealth’s Business Units and Commonwealth’s Financial Representatives in focusing on providing surveillance findings, reporting and resolutions while using objectivity and diplomacy. 

 

Review of Commonwealth’s surveillance exception reporting for transactions and sales practice issues, such as monitoring various advisory activities within the parameters of regulations under the SEC’s Investment Adviser’s Act, including: 

 advisory accounts with inactivity over designated periods of time; monitoring internal and external adviser’s account information under the firm’s Code of Ethics policy for quarterly transaction reports and annual holdings reports.

 

Other duties will include but not be limited to:  Written and oral communications with Commonwealth representatives, clients, and home office staff to document ongoing surveillance review; Proactively research, analyze, and document areas of possible concern in response to regulatory developments, including recommendations of revisions or additions to existing policies and/or procedures as warranted; Written and oral communications for Commonwealth representatives, their support staff and home office staff on regulatory developments and sales practice issues as part of continuing education efforts.

 

The candidate we are looking for must be hands-on, detail oriented, work well under pressure, act independently, have the ability to see consequential actions and provide appropriate solutions, have 3-5 years compliance function experience, and working knowledge and experience with the Investment Adviser’s Act.  Series 7, 24, and 65 or 66 required