Our client, a Leading Investment Management Firm, is looking for a Senior Compliance Analyst - Broker Dealer to join their growing team.
21st July, 2022
GENERAL PURPOSE OF THE JOB:
The Senior Compliance Analyst is responsible for a broad range of compliance activities supporting broker-dealer operations, and providing insurance regulatory compliance support for other areas. The Sr Compliance Analyst is integral to building and maintaining an effective compliance risk control environment that enables broker dealer activities.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Onboards and maintains associated persons licensing including: background checks, registration (U4 and state), disclosures, personal trading account tasks, continuing education, and annual certifications. Provides outstanding customer service to all levels of associates by responding to inquiries regarding applications and registration status; provides education, ensuring their licenses are appropriately maintained.
Works closely with the CCO in maintaining the Annual Compliance Certification process including the update of certification statements, working with vendors, following up with associates and reporting to management.
Assists in the design and operation of compliance testing and branch office inspections. Remediates any findings and coordinates enhancements to supervisory processes, internal controls and internal testing. Works with CCO to respond to regulators or third parties in due diligence and compliance reviews. Reviews requests for items such as gifts/entertainment, outside business activities, personal trading accounts and political contributions within the Firm's compliance system.
Conducts surveillance of electronic communications via the Firm's electronic communications archiving vendor.
Assists in the development and deployment of FINRA training for new hires, as well as annual training. Helps build and deliver the Annual Compliance Meeting.
Reviews and approves broker dealer marketing materials and other related communications.
Interprets FINRA and SEC regulations to ensure submitted internal and externally submitted advertising collateral complies with regulatory standards.
Files advertising material with FINRA and various state insurance departments when applicable and required.
Assists the Chief Compliance Officer in helping to maintain the oversight of the AML/OFAC program and mitigates risk, including the ongoing development, implementation and assessment of AML program.
Assists in the review and updating of broker dealer procedures and written supervisory policies.
Assists in identifying, documenting and resolving potential regulatory and compliance issues.
Identifies and interprets new and existing laws, regulations and other guidance that impact the broker dealer and its customers and serves as a resource for the implementation of resulting compliance changes and training.
Independently provides business personnel with guidance and solutions relating to regulatory, policy, and/or code of conduct matters within scope and authority.
Independently identifies compliance program issues and develop solutions to improve broker dealer and related processes.
Maintains awareness of new laws, regulations and models that impact annuity compliance and topics; seeks to understand key business risks, marketplace, and regulatory environment
Works on and contributes to special projects as needed and requested by CCO and/or senior management.
Performs other related work as assigned.
EDUCATION AND/OR EXPERIENCE: Bachelor’s degree (B.A.) from four-year college or university in political science, finance, business administration or other related field of study; plus, five (5) years of related regulatory compliance experience; or equivalent combination of education and/or experience. Experience and knowledge of FINRA, SEC, state securities and firm-specific rules and regulations relating to broker-dealers strongly required.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
Completion of industry designations or other relevant industry coursework preferred (i.e. LOMA, American College designations and/or Series 6).
Series 7 and SIE Required or willingness to complete in a timely manner.
KNOWLEDGE, SKILLS AND ABILITIES:
Understanding of general annuity compliance and related topics, such as: process review, controls, privacy and risk management.
Knowledge of the securities industry, from a product, corporate governance, compliance, and operational perspective.
Proven ability to work collaboratively with local and global Legal, HR, Internal Control, Regulatory Relations, business-aligned Compliance officers, Risk Management, and other stakeholders on conduct risk matters.
Effective verbal and written communication skills with ability to effectively present information and respond to questions.
Able to take initiative to avoid regulatory, reputational, legal and financial risks to the company.
Advanced mathematical skills and strong attention to detail.
Ability to work cooperatively and successfully with employees, customers, and other outside third parties.
Strong organizational, time management and planning skills.
Proficient in the use of Microsoft Office and database knowledge.
Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures.
Strong analytical and problem-solving skills with ability to define problems, collect data, establish facts, and draw valid conclusions on practical problems that deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
Ability and willingness to adjust to changing priorities in a fast-paced working environment.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions.