FFS Licensing & Registration Specialist

Job Summary

Through leveraging their knowledge of licensing and registration requirements, the Sr. Licensing and Registration Analyst will advocate on behalf of the firm to maintain compliance with all relevant regulatory rules. This role supports the firm’s businesses, products, and services through proactive application of goals and strategy through a regulatory-oriented mindset.

Essential Job Functions

With limited oversight, this position exercises authority and discretion in distributing and monitoring of activities related to the processing and administration of licensing and registration functions. Supports the firm’s goals and overall strategy for compliance with applicable license and qualifications requirements in support of the firm’s business, products and services (e.g., Broker-Dealer, Investment Adviser, Insurance Agency). This position is empowered with the autonomy and authority to decline or approve license applications of Farmers Insurance Agents, and dictate their eligibility for registration to relevant district and territory-level leaders, without manager oversight. Ensure eligibility and other qualification guidelines are observed and enforced with all registrants and prospective applicants. Monitor licensing related systems and databases for alerts and process issues that require resolution. Based on the identification of issues/concerns with system inefficiencies/errors, this position makes recommendations to FFS leadership on system enhancements and developments. Generate reports and analytical data for Department manager. Based on data, make recommendations to manager for applicable actions. Provide Quality Control and analysis of FFS peers, and present findings with recommendations for remediation to manager. Present data in departmental meetings. Review, investigate and respond to field and regulatory inquiries and requests. Take lead on complex licensing and registration issues and coordination of non-securities (e.g. insurance) licensing. Interacts with regulatory bodies, and exercises authority to speak on behalf of FFS in regulatory matters with limited oversight. Maintains firm-level license-audit responsibility, and controls licensing and appointment responsibilities for various FFS capacities – Broker-Dealer, Registered Investment Advisor, and Insurance Agency. Conducts investigations based on Public Records database search alerts (Lexus-Nexus, Thompson/Reuters, etc.) of all FFS- associated individuals to determine if financial or criminal incidents have taken place. Based on determination, this position will make recommendations to FFS leadership on appropriate next actions, and will follow through and complete any required regulatory filings. Provide or arrange for job training and further development of licensing and registration team members. Coordinate and work with other team members, business units, service providers, to develop, pilot and execute departmental improvements (e.g., process, quality, systems, automation, defect reduction). Will provide recommendations for appropriate training and development of self and team members, including reaching out to vendors and negotiating for training materials and tools.

Physical Actions

Physical Environment

Education Requirements

High school diploma or equivalent required. Bachelor’s degree preferred in business or finance or related field, or equivalent combination of experience and education required.

Experience Requirements

Minimum four years within the financial service or insurance industry required. FINRA Series 6 or 63 required. FINRA Series 26 necessary within 6 months of accepting position required. Strong written and oral communication skills. Experience with FINRA reporting systems is required, including CRD. Ability to work independently, manage ambiguity, and make decisions with minimal supervision.

Special Skill Requirement

Additional Qualification