Overview

The high-net-worth retail brokerage division of an internet trading firm seeks a Compliance professional.

Job description

The company seeks a Compliance Analyst to join their Testing and Inspections team.  The Compliance person will be primarily responsible for monitoring, testing, and oversight of  suitability matters.

He/she will be responsible, in part, for the following:

  • Conduct independent testing on solicited transactions in order to confirm that recommendations conform to the Customer-Specific Suitability requirements set forth in FINRA Rule 2111
  • Conduct independent testing of recommended products, and the registered representatives who sell them, in order to confirm that such recommendations conform to the Reasonable Basis Suitability requirements set forth in FINRA Rule 2111
  • Conduct independent testing of recommended transactions when a series of recommendations or the entire customer portfolio is considered, in order to confirm that such recommendations conform to the Quantitative Suitability requirements set forth in FINRA Rule 2111
  • Be knowledgeable about the retail products and services available
  • Stay current on industry and regulatory changes
  • Manage a risk monitoring program for the approved product platform, specifically mutual funds and Exchange Traded Funds
  • Enhance metrics reporting of control testing and observation results for the Enterprise Chief Compliance Officer and senior Compliance and Risk Management teams
  • Manage suitability related projects
  • Evaluate further opportunities to enhance compliance governance by expanding suitability and risk monitoring programs
  • Assist in other Compliance Testing & Inspection related projects
  • Undergraduate degree from a 4-year institution
  • 3+ years relevant Compliance/Audit/Risk/Control experience at a broker-dealer, investment adviser or regulatory/self-regulatory organization
  • Thorough understanding of FINRA rules, especially FINRA Rule 2111 and FINRA Rule 3110
  • Ability to identify and assess compliance risks
  • Demonstrated analytical, written and oral communication skills
  • Relevant experience and/or demonstrated knowledge of mutual funds, Exchange traded funds, and managed accounts in a regulated sales environment
  • Self-motivation, time management and organizational skills
  • Ability to accept instructions and directions while executing against tasks on an autonomous basis
  • Maintain open communication with other members of Compliance Department
  • Experience with financial services systems, FIS, Sunguard Protegent.

Preferred

  • Series 7 and 24 licenses

Please send resumes to Jack Kelly – JKelly@ComplianceSearch.com

 

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