A major investment bank and wealth management brokerage firm seeks a Compliance manager for their regional branch and satellite offices (Complex) in Birmingham, Michigan.
The Senior Compliance and Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Complex of branch offices.
In conjunction with the Complex Manager and other Complex Risk Officers within the Complex, the Senior Complex Risk Officer has accountability for maintaining a consistent control environment through adherence of business ethics and practices and adherence to all applicable Federal, State and Local laws, and firm policies, and other relevant regulations.
The Senior Complex Risk Officer keeps the Complex Manager informed of significant matters within the complex and must determine when the Complex Manager, other Branch Managers within the Complex and/or Regional Risk Officer should be directly involved. The Senior Complex Risk Officer role is a non-revenue sharing position that has dual straight line reporting to the Complex manager and Regional Risk Officer.
DUTIES and RESPONSIBILITIES:
Surveillance and Supervision
Primary responsibility for all risk, supervisory, and compliance functions for the Complex
Communicates and facilitates any supervisory inquiry or process that requires escalation to the Regional Risk Officer
Focuses on business ethics and regulatory and compliance practices
Provides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the Complex
Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
Manages the Complex Risk Officers within the Complex to ensure consistent regulatory and compliance practices
Ensures procedures are in place for self-audits.
Monitors and implements procedures to manage all facets of risk, including data security, across the Complex
Facilitates regular and consistent communication of policies and other regulations
Liaises with the Legal and Compliance Division with customer complaints and litigation
Ensures appropriate supervisory coverage is maintained at all times across the Complex as required by Firm policy.
Oversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the complex has procedures in place.
Responsible for the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
Works with Complex Manager and Complex Risk Officers to monitor people risk, and ensures appropriate action is taken
- Responsible for proactive client contact within the Complex in determining suitability and managing risk
Active involvement with the region regarding matters presented to the Credit Committee
Primary source for intelligence on risk in regard to clients and FAs
Active involvement with margin and credit decisions
Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance
Together with the Complex Risk Officers in the Complex, facilitates the training of all personnel on compliance policies and procedures
Assists in the review and on boarding of FA recruits
Education and/or Experience
Bachelor’s degree required or equivalent education or experience
Previous industry experience
Active Series 3, 7, 8 (or 9 and 10), and 63, 65 (or 66) preferred
Other licenses as required for role or by management
Please email resumes to Jack Kelly at JKelly@ComplianceSearch.com