Overview

A midsized investment banking division, housed within a global banking and financial services firm, seeks a Chief Compliance Officer.

Main Responsibilities

The Chief Compliance Officer (CCO) position reports on a daily basis to the Chief Operations Officer of this division, and also to the Chief Compliance Officer of the parent company.

The CCO’s role will include the following responsibilities:

  • Develop an understanding of the business lines and the related compliance issues and provide advice to the business on a variety of issues;
  • Conflicts issues such as:
    • Pre-deal conflicts checks, conflict mitigation (such as “treeing”) and information barrier procedures;
    • Management of Watch and Restricted Lists, and assistance with wall crossings, as needed;
  • Provide compliance coverage for all other conflicts of interest, including employee trading, outside business interests, gifts and entertainment (including providing certain pre-approvals and conducting certain surveillance for each);
  • Analyze relevant laws and regulation and determine applicability to the business;
  • Manage broker dealer registration, continuing education (“regulatory element”), and filing requirements for the broker dealer and its registered representatives;
  • Draft, update and implement policies and procedures (e.g. WSPs);
  • Develop and provide appropriate Compliance training for all employees in accordance with a Needs Analysis and Training Plan (and track/follow up on registered rep attendance);
  • Handle regulatory reviews and inquiries and coordinate responses;
  • Manage office inspections;
  • Conduct an annual broker dealer review and report and handle the annual CEO certification, all in accordance with FINRA rules;
  • Onboarding and vetting of clients in accordance with the firm’s AML program;
  • Ensure the maintenance and updating (as necessary) of Volcker Rule program;
  • Provide guidance with respect the Firm’s supervision framework,
  • Conduct email communication reviews;
  • Manage any customer complaints;
  • Provide information necessary to complete the annual Compliance Risk Assessment;
  • Manage any internal audits;
  • Ensure the creation of a first level of control and the execution of a second level of control for required compliance processes;
  • Develop, update and collect Annual Employee Attestations;
  • Ensure coordination of all relevant compliance processes are implemented, upgraded or otherwise changed; and
  • Lead regulatory and other key projects as required.

Requirements

  • Juris Doctorate required;
  • 6 or more years of Compliance or other relevant working experience recommended;
  • Compliance experience in a banking/broker dealer environment helpful;
  • Basic knowledge of FINRA rules and SEC regulation helpful;
  • Demonstrated ability to work with various departments and to coordinate projects efficiently;
  • Ability to work effectively in a team environment; and
  • Ability to work independently while understanding when to involve other groups or team members.

Please email resumes to Jack Kelly at Jack@ComplianceSearch.com

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