Field Shared Services Wealth Operations Senior Specialist
Milwaukee, WI, 53205, USA
- Finance
- Full-time
- investment operations
- financial services
- account transfers
The Field Shared Services Wealth Operations Senior Specialist supports investment client onboarding and asset transfer processes, working closely with advisors and internal teams to ensure accuracy and efficiency. This role involves preparing investment proposals, tracking accounts, resolving transfer issues, and mentoring junior staff. The position requires financial services experience, investment operations knowledge, FINRA Series 7 certification, and strong communication and analytical skills.
This position will require 3 days onsite at the downtown Milwaukee corporate office.
What you will do:
At Northwestern Mutual, our vision is to deliver financial security to help our clients live their best lives by choice. A key pillar of our vision and success is our strong, vibrant sales force. This role sits within the Career Distribution (CD) function, which is at the forefront of working across the home office and sales force as one team to achieve the sales and growth objectives the company expects, while delivering the experience our distribution needs and deserves.
This role resides in Field Shared Services as part of the Wealth Operations team. Wealth Ops provides investment operational support to advisors and Network Office teams to help them open and fund new investment accounts. The incumbent will play an important role delivering services for investment client on-boarding (ICOB) and experienced producer asset transfer, both of which are expanding and growing. This provides an exciting opportunity to be part of the development and evolution of the Wealth Ops service offerings!
How you will do it:
Create investment proposals, generate new account paperwork, enter transfer requests and ACH/cash management instructions with high degree of accuracy.
Track status of accounts in investment systems and contact contra-firms for transfer status.
Apply critical thinking and good judgment to resolve requests or issues related to account transfers; determine when to elevate those requiring more advanced knowledge.
Lead weekly calls with advisors subscribed to the services to give status updates or background information on in process work as well as work through best practices with advisors so that they can fully leverage our services.
Recommend and implement improvements to standard work and/or work processes.
Mentor less experienced staff in technologies and standard work.
Perform final quality checks for peers and more junior staff.
Use basic investment knowledge to provide flexibility on standard work.
With guidance, understand and apply special instructions that are outside of standards.
Bring Your Best! What this role needs:
Bachelor’s degree in business, finance or related field.
Minimum of three years of financial services experience with demonstrated knowledge and understanding of NM investment products, markets, technologies & services.
At least 1 year of experience with investment operations activities such as new account opening or transfers.
FINRA Series 7.
Effective written and verbal communication skills with the ability to positively influence, work cooperatively, and negotiate with individuals in the department and the field to maintain maximum operational efficiency.
Strong consultation, organizational and communication skills including ability to establish rapport.
Strong analytical skills, problem solving, attention to detail and accuracy.
Proven ability to make sound judgments and decisions when faced with ambiguous situations.
Strong mentoring/coaching skills and the ability to lead development and training of junior team members.
#LI-Hybrid
This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting.
This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting.Series 7 - FINRA, SIE - FINRACompensation Range:
Pay Range - Start:
$60,340.00Pay Range - End:
$112,060.00Geographic Specific Pay Structure:
Structure 110:
$66,360.00 USD - $123,240.00 USDStructure 115:
$69,370.00 USD - $128,830.00 USDWe believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
FIND YOUR FUTURE
We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.
- Flexible work schedules
- Concierge service
- Comprehensive benefits
- Employee resource groups
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