VP, Branch Admin Manager
Department Overview
Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking, and wealth and investment management. With over 300 years of history and expertise in banking, Barclays moves, lends, invests and protects money for customers and clients worldwide.
As a leading global wealth and investment manager, Barclays provides international and private banking, wealth planning, trust and fiduciary services, investment management, brokerage services and research to private and intermediary clients across the world. Additionally our clients benefit from access to the breadth of personal, corporate and investment banking expertise across Barclays, one of the largest financial services groups in the world.
Our mission is to set a new standard in wealth management by understanding our clients better than anyone else. In pursuit of this objective, we hire and develop only the best people in the industry. We look for talented, tenacious individuals who seek opportunities for self-improvement and career progression. Our long-term agenda can only be achieved through close collaboration and a shared sense of empathy, integrity and trust.
It is the policy of Barclays Capital to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Main Duties
The Role of the Administrative Manager is to implement and ensure that internal and external policies and procedures are followed. Additionally, other Branch administrative functions may be assigned to the Administrative Manager. This role will have a fixed reporting line into the Regional Administrative Manager. Responsible for branch's overall Sales Practice effort, including but not limited to:
• Ensuring adherence to internal policies and regulatory requirements
• Accountable to understand and fulfill all responsibilities but not limited to responsibilities identified on Administrative matrix
• Develop, implement and modify as needed Sales Practice programs for entire branch office
• Communicate compliance, sales practice and legal issues of importance to senior management
• Coordinate and manage audits conducted by regulatory agencies and internal audit department
• Conduct yearly book reviews with brokers in conjunction with the Regional Manager
• Facilitate the execution of certain transactions that require Compliance and/or legal intervention
• Investigate and resolve customer complaints involving sales practice, operational and administrative issues
• Inform educate Sales Force, senior management, operational and support staff of continually changing industry rules and regulations
• Execute all Sales Practice functions in conjunction with the Regional Manager
• Assist in achieving the Firm's goal to generate revenues while balancing the department's obligation of adhering to internal and external rules and regulations
• Approve and review discretionary and advisory accounts which may carry additional risks to the Firm
• Included but not limited to: review of daily trade blotters and Alerts, conducting book reviews, approving new accounts, enforcing documentation policy, suitability review, review of advisory accounts, review of employee trading, and review of errors
• Manage support staff
Person Requirements
Basic Qualifications:
- Bachelors degree
- 7+ years broker/dealer and/or branch brokerage sales experience with an expertise in compliance and/or business control
- Series 7, 63 or 66 , 8 or 9/10 licenses required
- 3+ years experience identifying risk associated with trade activity, client suitability, excessive trading, general sales practice issues
Preferred Qualifications:
- Series 3
- Strong communication and writing skills
- Team player, action oriented, with a focus on continuous improvement in all areas of your work
- Must have the ability to prioritize and escalate matters of concern
- Experience speaking/engaging with sophisticated HNW, institutional clients and sales personnel
- Understanding of a wide range of products: Equities, Fixed Income, Derivatives, Swaps, Loans, Options, Structured Products (both foreign and domestic).
- Fluent in Spanish
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