Compliance Manager, Investment Advisory Compliance

Raymond James•Saint Petersburg, FL

2d•Hybrid

About The Position

Under intermittent supervision, uses extensive knowledge and skills obtained through education and experience in securities and/or the banking industry to administer and to manage compliance functions related to Investment Advisor Representatives (IARs). Ensures alignment with SEC Regulations under the Investment Advisors Act of 1940. Leads large or multiple projects with significant scope and impact. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with a high level of latitude for un-reviewed actions or decisions. Provides comprehensive solutions to vastly complex problems. Maintains extensive contact with internal customers to identify, research, analyze and resolve very complex issues.

Requirements

Knowledge of: Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies; and/or Federal Deposit Insurance Corporation (FDIC); Office of the Comptroller of the Currency (OCC); Federal Financial Institutions Examination Council (FFIEC); Office of Thrift Supervision (OTS); Federal Reserve System; and state banking regulatory agencies.
Fundamental investment concepts, practices and procedures used in the securities industry.
Principles of banking and finance and securities industry operations.
Financial markets and products.
Skill in: Overseeing compliance programs.
Integrating and aligning compliance processes and procedures with business processes.
Coordinating complex compliance activities.
Providing support and guidance for compliance efforts.
Identifying and implementing controls and quality assurance processes.
Reviewing materials for compliance with rules and regulations.
Researching compliance issues.
Developing compliance training programs.
Gathering information and preparing oral and written reports.
Preparing and delivers written and oral presentations.
Investigating relevant irregularities.
Making rule-based and analytical decisions.
Operating standard office equipment and using required software applications.
Ability to: Provide training, coaching, and mentoring for others.
Partner with other functional areas to accomplish objectives.
Facilitate meetings, ensuring that all viewpoints, ideas, and problems are addressed.
Attend to detail while maintaining a big picture orientation.
Gather information, identify linkages and trends, and apply findings to assignments.
Interpret and apply securities and/or banking regulations and identify and recommend compliance changes as appropriate.
Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Use appropriate interpersonal styles and communicate effectively, both orally and writing, with all organizational levels.
Work independently as well as collaboratively within a team environment.
Provide a high level of customer service.
Establish and maintain effective working relationships at all levels of the organization.
Maintain confidentiality.
Maintain currency in securities and/or banking industry rules and regulations and best practices in compliance.
Bachelor’s degree (B.A. /B.S.) and a minimum of six (6) years of experience in Compliance and/or the financial services industry preferred.
~or~ Any equivalent combination of experience, education, and/or training approved by Human Resources.

Nice To Haves

Series 7 and 65 or 66 preferred
Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.

Responsibilities

Oversees compliance exception reporting processes and collaborates surrounding corrective actions.
Coaches, trains, and mentors less experienced Compliance associates.
May assist with the development and implementation of continuing education and training programs for the department in conjunction with management.
Schedules and oversees compliance processes including scheduling, training, and review of compliance reporting.
Directs adjustments to existing programs, policies, and procedures, as required, to ensure adherence to all regulatory requirements
Ensures that compliance activities are commensurate with the level of risk being mitigated.
Provides escalated support and guidance on compliance issues.
Monitors and reviews reporting, audits, and correspondence.
Identifies, recommends, and works with other areas of the firm to automate and streamline functions to improve operational efficiencies of compliance systems.
May serve as compliance liaison on various committees, working groups, or projects representing departmental interests.
Informs Senior Compliance Management about issues that may involve rule violations or potential liability.
Assists management to implement adequate controls and quality assurance processes to detect and address potential compliance problems.
Distributes field facing and internal update communications
Maintains department specific intranet resources
Research compliance issues.
Develops and maintains compliance policies and procedures.
Reports compliance program status and activities to compliance and business management.
Prepares and delivers written and oral presentations to management.
Performs other duties and responsibilities as assigned.