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Stifel Financial Corp. · 2 months ago

Trade Review Supervisor- Life Insurance

US-MO-Saint Louis

Full-time

Onsite

Entry, Mid Level

2+ years exp

Stifel Financial Corp. is a global wealth management and investment banking firm that emphasizes innovation and client success. The Trade Review Supervisor is responsible for ensuring compliance with policies and procedures related to Life Insurance transactions, collaborating with various departments, and training new analysts.

BankingFinanceFinancial Services

Responsibilities

Review and approve Life Insurance transactions by comparing the clients’ existing portfolio and financial objectives with the knowledge of how the specific product(s) work(s)

Review and approve trade documentation for completeness and accuracy, comparing elements to product specifications

Serve as an authorized individual, in addition to or in the absence of the Trade Review Manager, to review, address and/or resolve special situations, issues or trades

Train and mentor new Trade Review Analysts and Sr Analysts on trade review functions, Stifel’s Policies and Procedures, and industry regulations. Serves as a coach by providing guidance and assistance

Collaborate with the Insurance Compliance Officer on trade review processes, product details, and specific transactions

Collaborate with the Licensing/Registration and Insurance Operations Departments on a daily basis

Coordinate objections for delayed or cancelled transactions and adequately explains such situations to department manager or senior management

Provide subject matter expertise to FAs and Sales Assistants related to paperwork requirements, submission process and uploading of requests to the Insurance Database

Ensure completeness and consistency in the validation of the data on transactions

Qualification

Life Insurance knowledgeFINRA regulations knowledgeFinancial services experienceCompliance knowledgeMicrosoft Excel proficiencySeries 7 licenseSeries 63 licenseSeries 24 licenseResident State Insurance LicenseTrainingMentoringCollaboration skillsCommunication skills

Required

Bachelor's degree in Finance or related field or equivalent required

2+ years' of experience working in the financial services industry required, life insurance experience preferred

Series 7, 63, 24 or 9 & 10, and Resident State Insurance License (Life and Health) required

Knowledge of all brokerage products, specifically life insurance, mutual funds, UITs, ETFs, and the managed funds program

Knowledge of multi-branch brokerage retail system

Solid knowledge of laws, tax codes, precedents, government regulations, and agency rules; familiarity with compliance issues surrounding insurance products

Understand the tax ramifications of insurance products and current tax codes that apply to these transactions

Knowledge of FINRA regulations, sales practices, and issues on Investment Company act products

Knowledge of state insurance regulations and the ability to keep current with states specific rule changes

Proficient in Microsoft Excel, Word, PowerPoint, Outlook

Preferred

Life insurance experience preferred

Benefits

Health, dental and vision care

401k

Wellness initiatives

Life insurance

Paid time off

Company

Stifel Financial Corp.

Glassdoor3.5

Established in 1890, Stifel, Nicolaus & Company, Incorporated is one of the nation’s premier full-service financial services firms, providing brokerage, trading, investment banking, investment advisory, and related services to individual investors, professional money managers, businesses, and municipalities through more than 400 locations across the U.S.

Founded in 1890

St Louis, Missouri, USA

5001-10000 employees