Job Summary
Under intermittent supervision, uses knowledge and skills obtained through education and experience to ensure compliance of investment advisory business practices with Advisers Act, state laws, and other applicable rules and regulations. Primary focus will be the design and implementation of portfolio management monitoring of separately managed accounts and ongoing maintenance of the IA Code of Ethics. Performs other large or multiple initiatives that have significant scope and impact which support the firm’s compliance monitoring of fee-based advice in accordance with the Investment Advisers Act of 1940. Works independently and with team on difficult assignments that can be broad in nature to provide comprehensive solutions to complex problems along with routine oversight functions.
Essential Duties and Responsibilities
• Designs, implements, and executes activities related to portfolio monitoring and oversight.
• Administers the IA Code of Ethics and coordinates with the Control Room on daily monitoring.
• Interprets data and analyzes investment advisory activities identified via various data systems and reporting. Conducts due diligence related to specific risk factors through the review of client documentation, trade history, account holdings, and/or other factors as necessary. Includes directly contacting FAs and communication with branch management.
• Provides compliance support in the development and enhancement of compliance oversight programs for investment advisory activities, products and various investment advisory areas of coverage including operational businesses.
• Assists with compliance governance reporting for all compliance pillars, including compliance representation, conducting research, due diligence, documentation, escalation, collaboration within and outside compliance groups related, but not limited to, issue management, emerging risks, regulatory changes, supplier, and product risk assessments.
• Reports compliance program status and activities to compliance and business management personnel by preparing both written and oral presentations, including assigned business areas and monitoring reviews.
• Monitors exception and other internal reports for adherence with applicable rules and regulations and escalate identified issues to Senior Management any that involve rule violations or potential liability.
• Researches, interprets, and translates regulatory rules/regulations or company policies for Senior Management and supported business units.
• May contribute to compliance training programs, assist with responses to regulatory agency inquires and updating policies and procedures.
• Coaches and mentors less experienced Compliance associates.
• Performs other duties and responsibilities as assigned.
Job Summary
Under intermittent supervision, uses knowledge and skills obtained through education and experience to ensure compliance of investment advisory business practices with Advisers Act, state laws, and other applicable rules and regulations. Primary focus will be the design and implementation of portfolio management monitoring of separately managed accounts and ongoing maintenance of the IA Code of Ethics. Performs other large or multiple initiatives that have significant scope and impact which support the firm’s compliance monitoring of fee-based advice in accordance with the Investment Advisers Act of 1940. Works independently and with team on difficult assignments that can be broad in nature to provide comprehensive solutions to complex problems along with routine oversight functions.
Essential Duties and Responsibilities
• Designs, implements, and executes activities related to portfolio monitoring and oversight.
• Administers the IA Code of Ethics and coordinates with the Control Room on daily monitoring.
• Interprets data and analyzes investment advisory activities identified via various data systems and reporting. Conducts due diligence related to specific risk factors through the review of client documentation, trade history, account holdings, and/or other factors as necessary. Includes directly contacting FAs and communication with branch management.
• Provides compliance support in the development and enhancement of compliance oversight programs for investment advisory activities, products and various investment advisory areas of coverage including operational businesses.
• Assists with compliance governance reporting for all compliance pillars, including compliance representation, conducting research, due diligence, documentation, escalation, collaboration within and outside compliance groups related, but not limited to, issue management, emerging risks, regulatory changes, supplier, and product risk assessments.
• Reports compliance program status and activities to compliance and business management personnel by preparing both written and oral presentations, including assigned business areas and monitoring reviews.
• Monitors exception and other internal reports for adherence with applicable rules and regulations and escalate identified issues to Senior Management any that involve rule violations or potential liability.
• Researches, interprets, and translates regulatory rules/regulations or company policies for Senior Management and supported business units.
• May contribute to compliance training programs, assist with responses to regulatory agency inquires and updating policies and procedures.
• Coaches and mentors less experienced Compliance associates.
• Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities
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 compliance 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.
Educational/Previous Experience Requirements
Education/Previous Experience
• Bachelor’s Degree (B.A./B.S.) in a related discipline and a minimum of eight (8) years of experience in Compliance and/or the financial services industry.
• ~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
• None Required.
• Appropriate series license(s) for assigned functional area preferred.
• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.
Knowledge, Skills, and Abilities
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 compliance 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.
Educational/Previous Experience Requirements
Education/Previous Experience
• Bachelor’s Degree (B.A./B.S.) in a related discipline and a minimum of eight (8) years of experience in Compliance and/or the financial services industry.
• ~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
• None Required.
• Appropriate series license(s) for assigned functional area preferred.
• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.
We expect our associates at all levels to:• Grow professionally and inspire others to do the same• Work with and through others to achieve desired outcomes• Make prompt, pragmatic choices and act with the client in mind• Take ownership and hold themselves and others accountable for delivering results that matter• Contribute to the continuous evolution of the firmAt Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:• Grow professionally and inspire others to do the same• Work with and through others to achieve desired outcomes• Make prompt, pragmatic choices and act with the client in mind• Take ownership and hold themselves and others accountable for delivering results that matter• Contribute to the continuous evolution of the firmAt Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.