Manager, RJLU Compliance

Raymond James•Vancouver, BC

10d

About The Position

Reporting to the Chief Compliance Officer (CCO) of Raymond James (USA) Ltd. (RJLU), the Manager is responsible for all aspects of compliance oversight as set out in the rules and regulations established by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) and the various U.S. state securities authorities. The individual is responsible for collaborating with the CCO to manage RJLU’s compliance program to meet obligations required by regulations and the business unit. The Manager will be responsible for supporting all aspects of U.S. retail and institutional compliance for RJLU. This will involve working closely with various members of the compliance and legal teams at Raymond James Ltd. and Raymond James Financial to dispense advice and provide regulatory guidance to financial advisors and Equity Capital Markets (ECM) teams. The Manager is also responsible for being a people leader of a small compliance team, leading various optimization initiatives, as well as maintaining, updating and drafting policies and procedures with respect to controls and processes. The Manager is expected to be registered as a principal, participate in the day-to-day functions carried out by the team, lead and manage projects resulting from regulatory change and generally support the implementation of the program.

Requirements

Knowledge of FINRA rules and regulations
Knowledge of SEC rules and regulations, with a particular focus on requirements set out in the Investment Advisers Act of 1940
Knowledge of operational nuances resulting from operating as a registered Broker Dealer and Registered Investment Advisor, outside of the US.
Skill in verbal, written and interpersonal communication
Skill in distilling regulatory changes into short, clear messages.
Ability to analyze and understand the complexities of various compliance, operational, and business processes to ensure policies will have the intended effect and can be deployed with minimal disruption to work flows
Ability to establish and maintain effective and cooperative relationships amongst team members and throughout the firm
Ability to focus on providing effective solutions by keeping the clients’ best interests in mind
Ability to work independently
Ability to pay attention to detail
Minimum of 5 years of experience in the financial industry, at least 3 specifically in supervisions/compliance
Professional education in relevant field with graduate training preferred, e.g. MBA, JD/LLB, CFA, etc.
At least two years’ experience in managing a team
Experience in dealing with regulators
Experience in dealing with auditors
Have completed the (legacy) CSC and CPH with CSI; or the Canadian Investment Regulatory Exam (CIRE) and Retail Securities Exam (RSE) under the new proficiency requirements of the Canadian Investment Regulatory Organization
Have completed the Series 7, Series 9&10 or 24, as well as Series 63 examinations and are US registered or willing to take/re-take exams if not current.

Nice To Haves

Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm

Responsibilities

Be able to navigate through different laws and regulations such as FINRA rules, the Securities Exchange Act of 1934 (SEA) and the Investment Advisers Act of 1940
Enhance and optimize the retail and ECM Branch Inspections program through collaboration with Canadian and US affiliates and the implementation of sweeps.
Assist with Rule 15a-6 of the SEA, which relates to sales into the US and chaperoning of foreign analysts and bankers.
In conjunction with the CCO, respond to regulatory Requests for Information and participate in FINRA and SEC examinations as well as internal audits
Manage all customer complaints and internal investigations; where required engage the requisite legal and dispute resolution teams
Engage with US affiliates on marketing content and review processes to provide guidance to the field and ensure organizational alignment.
Assist in the implementation of significant regulatory changes and ensure effective communication with stakeholders through Compliance Bulletins and Written Supervisory Procedures, among others
Manage the day-to-day escalations from the RJLU compliance team and provide curated advice to both the compliance and financial advisory teams
Be responsible for training, coaching and developing direct reports.