Manager Compliance Broker-Dealer
About The Position
The Compliance Manager, Broker-Dealer is primarily responsible for managing the workflow of the Wealth Management Broker-Dealer Entities' compliance staff, ensuring that policies and procedures are reviewed and approved appropriately and timely; staff training; answering staff and submitted questions on licensing/registration; supervision; ensuring that email escalations are investigated appropriately; providing guidance and assistance with registrations and filings; provide guidance on broker-dealer activities, and other programs as required by FINRA and MSRB. The Compliance Manager will report directly to the Wealth Management Broker/Dealer Entities' CCO and ultimately to the Wealth Management CCO.
Requirements
- Bachelor's Degree or equivalent
- Minimum 10 years of relevant work experience with a financial institution such as a broker/dealer
- Minimum 7 years compliance experience with a financial institution such as a broker/dealer
- Demonstrated desire to learn about regulatory compliance and/or the finance industry
- Strong abilities in analytical thinking, problem solving, research, and time management
- Must have excellent verbal and written communication and people skills
- Must have a Series 7 license in good standing
- Must be willing to obtain a Series 24 license within 6 months of hire
- Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
- For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser.
- For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.
Nice To Haves
- Proficiency with MyCompliance Office is helpful
Responsibilities
- Assist the Wealth Management Broker/Dealer Entities’ CCO in conducting one or more of the following responsibilities.
- Analyze marketing material for compliance with regulatory standards including, SEC, FINRA and MSRB.
- Serve as a resource to internal partners with inquiries regarding business communications.
- Monitor the existing Broker/Dealer compliance programs.
- Monitor, review and challenge risks assessments and testing of compliance programs.
- Analyze current Compliance functions and suggest enhancements and standardization, where appropriate.
- Identify and recommend necessary changes to business unit procedures to address compliance gaps or improve adherence to regulatory and firm requirements.
- Perform all necessary functions and management reporting for FINRA Rules 3130.
- Manage the broker/dealers’ e-mail review/escalation process and lead internal investigations resulting from such reviews.
- Train staff on regulatory updates and industry best practices.
- Analyze marketing material for compliance with regulatory standards including, SEC, FINRA and MSRB.
- Assist with regulatory exams, audits, production of responses to regulatory inquiries; and support of the transfer agent operations.
Benefits
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
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What This Job Offers
Job Type
Full-time
Career Level
Manager
