Broker Dealer Compliance - Analyst II

About the role...

• Completes assigned compliance activities and projects with limited supervision.
• Researches, develops, administers, and coordinates activities related to compliance consistent with securities regulations, systems and procedures to ensure that the firm as a broker-dealer is in compliance with all State, Federal, and Securities (Self-Regulatory Authority /SRO) regulations.
• Proactively addresses identified compliance issues, influences the business unit, registered representatives', supervising principals' and other stakeholders' activities to develop and implement corrective action plans to change behavior and processes which continue to build and nurture a culture of ethics, integrity, and compliance.
• Organize system standards with company guidelines.
• Analyze large data sets to evaluate and summarize issues relating to potential conflicts of interest and required certifications.
• Participates in development of new business process implementations.
• Reviews legislation and regulatory rulings and pursues changes necessary to meet requirements.
• Interpret impact of laws on new and existing business and Communicate changes and important issues to affected business unit, field, and customers.
• Provides research and administrative support to compliance program.

What you'll accomplish...

• Acts as a liaison with regulators and impacted business areas by preparing for meetings, coordinating the production of documents and responses in connection with examinations or other regulatory inquiries.
• Manages required regulatory filings including FINRA and responds to informational requests/inquiries.
• Develops responses to inquiries from regulatory authorities (includes FINRA, SEC, MSRB, State Securities Divisions, DOI) and provides assistance to other functions concerning compliance issues.
• Licensed FINRA Principal authorized to review broker-dealer communications and marketing materials for compliance with applicable laws and regulations.
• Effectively track materials using applicable methods and tools per industry/company record retention requirements.
• Remain apprised of regulatory developments, including enforcement actions within the industry, to ensure emerging areas of risk and the firm’s exposure are assessed.
• Coordinates responses to inquiries from FINRA and other regulatory authorities.
• Participates in the coordination and facilitation of market conduct examinations and other audits and investigations.
• Prepares responses to inquiries and criticisms, in cooperation with Firm's CCO and when applicable, Company's Legal Department.
• Reviews, analyzes, and approves corporate and Agent/RR correspondence and communications with the public including advertising, sales literature, and promotions.
• Reviews, researches, and prescribes appropriate action to infractions, major violations, and other non-compliant electronic communications identified in the electronic communications (email, websites, and social media) of all registered individuals.
• Provides technical and professional expertise in the analysis and solution of business problems.
• Provides guidance in responding to correspondence or inquiries involving review of legal documents or compliance issues.
• Represents the compliance function in product development and new business process implementations.
• Coordinates research and tasks to support and address compliance requirements and issues.
• Investigates and carries out independent research and administration, up to and including, final resolution of customer written and verbal complaints.
• Develops and prepares regulatory responses and reports (FINRA 4530 Statistical, U4/U5 Disclosure Amendments) consistent with industry rules/regulations and firm policies/procedures.
• Conducts annual testing and validation of firm's policies and procedures, analyzes current processes, prepares a report of noted deficiencies, and suggests best practices and corrective actions as necessary.
• Recommends, directs, and facilitates changes in Firm's Annual Compliance Requirements: Annual Compliance Meeting (ACM), Compliance Questionnaire (ACQ) and Firm Element CE (FE CE) as appropriate or directed by management.
• Responsible for the Firm's Anti-Money Laundering compliance mandated validation and attestation: Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC) and applicable Customer Identification Program (CIP). Attend industry update trainings as necessary.
• Assist in maintaining internal compliance materials such as manuals, reference material, reports and website.
• Performs project work and other duties as assigned.

Education needed...

High school diploma or equivalent required. Bachelor’s degree preferred.

FINRA Series 6 or 7, 63, 26 or 24, 51 or 53 licenses required; (Series 51 or 53 can be secured at a later date after hire).

Solid understanding of SEC, FINRA, and DOL regulations, including SEC Regulation Best Interest.

Experience needed...

Special skills needed...

Strong verbal and written communication skills

Excellent time management skills