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Supervisory Principal

Job Req ID 21341337 Primary Location San Antonio, Texas; Fort Lauderdale, Florida; New York, New York; Irving, Texas; San Francisco, California Job Category Compliance and Control
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Brief Description of the Organization

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

Description:

Citi Personal Wealth Management (CPWM) provides financial planning and wealth management services via our branch-based Financial Advisors and Centralized service centers. CPWM will lead efforts to dramatically expand our personal wealth management capabilities and provide customers with simple, transparent solutions through various types of investments, insurance and investment advisory products and services. The goal for CPWM is to lead the industry in client-centric investment solutions.

The CPWM Central Review Unit (CRU) is responsible for the quality control, review and principal approval of insurance and annuity transactions and the Registered Principal review and provision of the required regulatory approval for  internal communications and external communications with the public related to the CPWM Investment business. Including internal use only content and materials developed by external product providers for multiple U.S. based business units. The CRU Supervisory Principal is directly responsible for the review of insurance and annuity transaction that are submitted for processing and approval by Financial Advisors.  This review will include an analysis of transactions, including replacement transactions for compliance with Firm policies and procedures, as well as adherence to state and FINRA regulatory requirements (including NY State Regulation 60 and FINRA Rule 2330), and provide pre-trade supervisory/principal approval of these transactions. This is a dual role position that also provides Register Principal review and approval for designated materials as assigned within the CRU.

Key Responsibilities:

  • Responsible for maintaining knowledge of applicable regulations and ensuring that the various reviews are conducted in compliance with applicable laws, regulations, and internal procedures.
  • Review and principal approval for life insurance and annuity transactions, including Replacement/Exchanges and NY State Regulation 60 transactions for completeness of forms, documentation of disclosures to clients, compliance with Firm policies, procedures, and processes.
  • Evaluate proposed transaction and determine appropriateness of proposed transaction, including an analysis of any proposed exchange/replacement transaction, including complex exchanges.
  • Verify information provided on transaction review forms by contacting the insurance companies, Financial Advisor or by referencing product materials.
  • Determine whether a proposed transaction may proceed based on compliance with Firm policies & procedures, analysis of cost/benefit for the transaction and overall transaction suitability determination.
  • Evaluate proposed transactions with Financial Advisors and Sales/Supervisory Management and advise them accordingly on appropriateness of proposed investment strategy for the client.
  • Maintain accurate records and reporting of cases reviewed and their disposition.
  • Responsible for staying informed of annuity and insurance product changes, closures, rate changes and evaluating impact on reviews.
  • Responsible for maintaining an awareness of relevant investment products and services, communications with the public rules and regulations, as well as Firm processes and procedures.
  • Coordinate marketing material submissions and Registered Principal review and approval with Third Party Product Providers and Product Management.
  • Responsible for conducting Registered Principal review of external product marketing materials, including Third Party brochures, presentations, fact cards and other designated materials as assigned.
  • Responsible for maintaining records of approvals as required by regulators and in accordance with Firm policy.
  • Conduct second level review and approval to produce ADV2Bs.
  • Manage the onboarding and ongoing monitoring for Access Person requirements, including second level review, acceptance, and coordination of the requirements.
  • Other duties as assigned, including back up support for the Lead Registered Principal for internally created marketing materials and second level reviews.

Experience:

  • 3 -5 years of experience in a similar role, with 8+ years of experience in the financial services industry
  • Progressive levels or experience and job responsibilities
  • Experience as a supervisor with a bank-based or independent brokerage model a plus

Skills & Competencies:

  • Knowledge of FINRA, SEC and State Rules and Regulations
  • Knowledge and expertise in investment product, with expertise in insurance and annuities (both domestic and offshore)
  • Knowledge and expertise with communications with the public and internal use only content related to broker dealer materials
  • Technical know-how, commercial awareness and analytical skills coupled with an understanding of risk/reward dynamics
  • Knowledge of corporate governance including regulated practices. Applies and complies with applicable internal and external policies. Demonstrates strong ethics
  • Ability to identify issues and trends, evaluate alternatives and recommend comprehensive and innovative solutions to complex problems
  • Organized and process oriented, with an ability to multi-task, work under pressure, prioritize work and meet deadlines
  • Solid work ethic and proven professionalism and a positive attitude
  • Outstanding interpersonal and communication skills (both written and verbal)
  • Strong analytical problem solving skills and detailed oriented
  • Computer skills, including knowledge of Microsoft Word, Excel and Power Point

Qualifications:

  • BA/BS or equivalent industry experience
  • Required: Series 7, 63/65 or 66, 24  *A qualified candidate maybe considered if he/she has a Series 9 &10 and is willing to obtain Series 24 within 6 months of hire.
  • Insurance License required in addition to Series licenses list above. * A qualified candidate maybe considered if he/she is willing to obtain an Insurance License within 6 months of hire.

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Job Family Group:

Compliance and Control

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Job Family:

Business Control

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Time Type:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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