Broker Dealer Principle Review Consultant I

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

Key Responsibilities:

• Review new accounts to determine client suitability and best interest utilizing firm documents and defined parameters. Approve or reject trades and transactions as a Principal of the Firm.
• Communicate via phone or e-mail with registered representatives' suitability and best interest concerns or to discuss the rationale behind the transaction to help aid in the review. If a transaction is questionable, we must be able to discuss with the Registered Representative alternative investment strategies that may be more compatible with the customers' needs.
• Educate registered representatives on paperwork procedures, product knowledge and best interest documentation.
• Knowledge of different account registration types, i.e., 403(b), IRA, Roth IRA, joint tenants, 401(k), UGMA/UTMA, 529 Plans, etc.
• Knowledge of FINRA and SEC supervisory rules and obligations.
• Approve or reject applications based on analysis of information provided; requires good independent judgment based on product knowledge, company guidelines, and securities regulation. Document decisions made in the file for FINRA or auditing purposes.
• Reconcile transactions to those approved on the front-end.
• Contact agents via phone or written correspondence if trade is being rejected. Must be able to do this in an informative and non-threatening manner.
• Communicate with Sales Managers and Field Compliance Officers on any questionable transactions involving a Registered Representative. Notify Sales Managers if a Registered Representative needs additional product training.
• Requires FINRA Series 6 or 7 Securities License. The appropriate FINRA Principal license(s) is also required within 90 days of hire (Series 24/26 and 51/53.)

Education

• 4 year Bachelors Degree (Preferred)

Experience

• 3 or more years of experience (Preferred)

Supervisory Responsibilities

• This job does not have supervisory duties.

Education & Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Skills

Compensation

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.  

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live. 

Good Hands. Greater Together.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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