Business Unit Compliance Officer

Valley Bank • New York, NY

8d

About The Position

Responsibilities include but are not limited to:
Design and execute on comprehensive control and testing framework pursuant to
SEC Rule 206(4)-7; assist with testing framework pursuant to FINRA 3120.
Prepare Form ADV materials.
Prepare annual 206(4)-7 report to senior management/Board of Directors.
Establish and maintain compliance programs for business line and drive a
culture of compliance within the firm.
Identify and assess the firm's compliance risks and perform the annual risk
assessment.
Conduct, no less than annually, a compliance meeting wherein compliance
matters relevant to all supervised persons' activities are discussed.
Conduct and document ongoing compliance training for all employees.
Monitor client communication notices, including correspondence and email.
Review and respond to client complaints.
Review and approve contracts, disclosure documentation and marketing
materials.
Monitor supervised persons' securities transactions and personal securities
holdings. Participate in and process responses for parent company audits and
self-assessment inquiries.
Act as firm liaison with regulators and respond to all regulatory inquiries;
liaise with outside counsel or consultants as needed.
Identify and monitor trends in regulatory and industry environments and
assess their impact on the organization.
Research complex compliance issues and report recommendations to management.
Develop proactive compliance tools.
Maintain required registrations and filings, written supervisory policies and
procedures manual.

Requirements

• Ability to build strong relationships and interact effectively with all levels of the organization.
• Excellent verbal and written communication skills.
• Detail-oriented, flexible and proactive in all areas of responsibility.
• Ability to identify and analyze compliance issues.
• Knowledge of the Investment Advisers Act of 1940, SEC and FINRA rules, compliance policies, procedures and best practices.
• Ability to ensure that quality control (transactional) testing is conducted as appropriate to detect deviations of actual transactions from policies or standards.
• Ability to manage the advisor's Code of Ethics.
• Ability to develop effective compliance systems and workflows.
• Ability to function collaboratively and provide leadership and direction on compliance issues.
• Ability to formulate and implement company compliance strategies.
• Advanced PC skills and experience with Microsoft Office applications.
• Ability to prioritize work and handle multiple tasks simultaneously in fast paced environment.
• Strong knowledge of The Investment Advisers Act of 1940 (Advisers Act), current SEC and other rules and regulations governing investment advisors.
• Bachelor's Degree in Business, Finance, Compliance or related field. Minimum of 7 years of related experience at an RIA.
• Experience implementing and monitoring compliance policies and procedures.
• Experience dealing with SEC regulatory examinations.

Responsibilities

• Design and execute on comprehensive control and testing framework pursuant to SEC Rule 206(4)-7; assist with testing framework pursuant to FINRA 3120.
• Prepare Form ADV materials.
• Prepare annual 206(4)-7 report to senior management/Board of Directors.
• Establish and maintain compliance programs for business line and drive a culture of compliance within the firm.
• Identify and assess the firm's compliance risks and perform the annual risk assessment.
• Conduct, no less than annually, a compliance meeting wherein compliance matters relevant to all supervised persons' activities are discussed.
• Conduct and document ongoing compliance training for all employees.
• Monitor client communication notices, including correspondence and email.
• Review and respond to client complaints.
• Review and approve contracts, disclosure documentation and marketing materials.
• Monitor supervised persons' securities transactions and personal securities holdings. Participate in and process responses for parent company audits and self-assessment inquiries.
• Act as firm liaison with regulators and respond to all regulatory inquiries; liaise with outside counsel or consultants as needed.
• Identify and monitor trends in regulatory and industry environments and assess their impact on the organization.
• Research complex compliance issues and report recommendations to management.
• Develop proactive compliance tools.
• Maintain required registrations and filings, written supervisory policies and procedures manual.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level