Product Programs Oversight Specialist

Stifel•New York, NY

9d•$75,000 - $111,000

About The Position

The Product Programs Oversight Specialist assists with defining and enhancing strategic initiatives, developing procedures, conducting business risk assessments, and designing the governance and control environment for products and programs within the Investment Products & Services (IP&S) department. The role requires understanding the products, services, processes, policies, and tools or systems used by each group. Its primary focus is supporting timely and effective IP&S oversight by reviewing and analyzing product and program Standard Operating Procedures, firm policies, business processes, and samples of business files. The Specialist contributes to oversight and control frameworks, procedure development and reviews, independent product risk assessments, risk identification and mitigation, and the development and management of the Oversight Tool. The role works with internal colleagues and business partners to support compliance with firm policies, regulatory requirements, and program parameters, while helping limit regulatory and reputational risk.

Requirements

Bachelor’s degree in business or a related field.
0–2 years of experience in the financial industry; experience in compliance, risk, operations, audit, and/or control functions.
Knowledge of wealth management products and services, including investment securities, advisory programs, investment strategy and theory, asset allocation, and regulations.
Understanding of firm policies and regulatory requirements.
Strong written and verbal communication skills and attention to detail; ability to communicate effectively with personnel at all levels about policies, regulations, and Program Parameters.
Understanding of the business risk profile and participation in developing appropriate responses to changes relative to the firm’s risk tolerance.
Proficiency in Microsoft Office Suite, including Outlook, Word, Excel, and PowerPoint.

Responsibilities

Participate in developing the oversight and control framework for IP&S products and programs.
Assist with procedure design and implementation, assessments, and periodic reviews.
Collaborate with PCO colleagues and product and program owners to review and update policies and procedures.
Complete independent oversight and assessment of individual product risk as the initial reviewer for PCO reviews.
Help enhance the team’s ability to identify, measure, report, and mitigate risks.
Provide input on the Oversight Tool’s development, implementation, and ongoing management.
Understand the business risk profile and participate in developing responses to changes relative to the firm’s risk appetite.
Build working relationships with PCO colleagues, Product Heads, Program Managers, Branch Supervisors, Operations, Legal, and Compliance.
Apply an understanding of firm policies and regulatory requirements to support team activities.
Help limit regulatory and reputational risk and reinforce the firm’s culture of compliance.
Handle special projects and other duties as assigned.