Director, MMLIS Compensation

THE OPPORTUNITY:

MMLIS is looking for a skilled leader and operational veteran who can continue to help drive consistency and efficiency. As the Director of MMLIS Compensation, you will oversee a team of approx. 10 associates who operate in both an operations and customer service function while supporting the overall BD Compensation Strategy. You will be accountable for all aspects of attracting, retaining and coaching talent, while maintaining a positive and inclusive culture, and ensuring daily operational supervision and employee development. In addition, you will demonstrate strong relationship management skills with advisors, agency leadership as well as internal and external business partners to ensure two-way feedback, ease of doing business and communication. You will also have the opportunity to work closely with a number of teams throughout MMLIS and across MMFA.

THE TEAM:

The MMLIS Compensation team is a hybrid group made up of Operational staff handling the day to day commission processing as well as a customer service group responding to incoming emails from both the field as well as internal business partners. Our mission is to ensure timely and accurate payout of compensation to our advisors. The uniqueness of the MMLIS Compensation team is that most initiatives across the B/D impact compensation which creates lots of projects and opportunities for change management. It also requires our team to be agile and resilient and to maintain a high business acumen within the B/D. The team has doubled in size over the last five years and is eager to expand our leadership team to really improve the focus on day to day operations and employee development while continuing to drive key initiatives.

THE IMPACT:

• Oversee the processing and research of compensation and compensation related inquiries to ensure timely and accurate payout

• Lead and develop professional team members to be autonomous, accountable, and knowledgeable in order to provide the right sense of urgency and attention to detail in their work

• Utilize continuous improvement tools and techniques to constantly check and adjust to ensure we maintain our key metrics and meet expectations of our advisors while empowering and developing the team to support these efforts.

• Attract, assess, retain, and develop talent to build an inclusive environment and diverse pipeline

• Be a change leader, helping employees navigate change to maximize engagement, empower team members to make decisions that impact their role, and increase overall productivity.

• Ensure regulatory requirements are being met not only from a FINRA/SEC perspective but also from a Finance perspective

MINIMUM QUALIFICATIONS:

• Bachelor’s degree or related business experience required

• Ability to collaborate and maintain strong working relationships

• Ability to lead and motivate a large team while meeting operational and financial objectives

• Ability to take initiative, identify opportunities and implement change

• High-level thinker and problem solver with excellent communication and organizational skills

• Flexible, can-do attitude, self-motivated, self-sufficient and ability to work effectively with peers and business partners

IDEAL QUALIFICATIONS:

• 3 years of operations and leadership experience

• FINRA licenses: S7, S24

• Experience working in Excel, to include, Pivot Tables, VLOOKUP, and Macros

• Strong understanding of BD/RIA operational platforms and workflows

• Successful experience leading employees including building culture and career development

• Demonstrated ability to develop and provide stellar service

• Strong relationship management experience

• Demonstrated decisive decision making

Salary : $1 - $1,000,000