Director Wealth Financial Operations
Overview:
Responsibilities:
Qualifications:
This position is responsible for all finance functions within the Wealth Management department of the Bank. Oversees functions including First Citizens Investor Services Broker/Dealer and RIA, First Citizens Asset Management RIA, SVB Wealth, LLC, Private Wealth Advisory Services, Institutional Advisory Services, and the Private Client Group. Ensures timely financial regulatory filings with all regulatory agencies. Manages external audit relationships with the Bank's public accounting agency, FINRA and the SEC. Directs accounting, budgeting, and incentive compensation to ensure the financial accuracy and cost-effectiveness of department operations.
Responsibilities:
- Financial Oversight - Manages all financial information for the Investor Services Broker/Dealer, the FCAM RIA and SVB Wealth, LLC RIA, including the company's income statement and balance sheet. Prepares, approves, and submits compliant financial regulatory reports to the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). Responds to inquiries from regulators regarding the filings. Oversees the annual budget process and external audit.
- Financial Review - Develops and maintains systems that increase efficiencies, regulatory compliance, and accuracy in financial processes. Ensures correct receipt of commissions, revenue and expense accounting, preparation of incentive-based payroll, and revenue allocations to branches and affiliates.
- Business Strategy - Identifies and recommends strategies for improving the financial performance of the Wealth Management division. Provides analytical information to executive management that allows for crucial business insight. Leads projects that involve business analysis, strategic planning, and product pricing.
- Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff.
- Vendor Management - Oversees the relationship between Investor Services and EAI Information Systems, Inc. regarding the software system and database. Negotiates pricing and assists in problem-solving. Plans and approves system changes in collaboration with vendor.
Qualifications:
- Bachelor's Degree and 10 years of experience in Brokerage Finance (Broker/Dealer), Registered Investor Advisors (RIA) OR High School Diploma or GED and 14 years of experience in Brokerage Finance (Broker/Dealer), Registered Investor Advisors (RIA)
- License or Certification Type:
Finance and Operations Principal Series 27, 7, 63, and 24 Required, Series 53, 65/66 Preferred
- Skill(s):
Knowledge of accounting, securities industry rules and regulations, and computer programming logic
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