Director, FINOP Compliance

Description

Job Summary

Under administrative supervision, uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification in securities industry compliance to support the design, implementation and supervision of a comprehensive compliance and surveillance program. Leads major projects, programs, or processes with significant business impact. Supervises others to perform difficult assignments that are broad in nature. Influences strategic direction and develops tactical plans and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Maintains extensive contact with customers and regulatory agencies to identify, research, analyze and resolve complex issues

Essential Duties and Responsibilities

• Performs human resource management activities including identifying performance problems, approving recommendations for remedial action, evaluating performance, and interviewing and selecting staff.

• Plans, assigns, monitors, reviews, evaluates, and leads the work of others.

• Develops and maintains compliance programs, systems, policies, and procedures to ensure compliance with federal, state, and self-regulatory regulations. Minimizes the firm's risk exposure while balancing business concerns.

• Coaches and mentors subordinates, identifies training needs and recommends appropriate development programs.

• Fosters positive business relationships with department associates, Compliance peers, RJA Operations and Regulatory Reporting leadership.

• Serves as the primary liaison between the organization and industry regulators by responding to inquiries, audits, and investigations.

• May serve as a liaison between the organization and industry committees such as SIFMA, BDA and FIF.

• Reviews compliance and risk management controls and recommends appropriate changes, as required.

• Serves as a subject matter expert on compliance issues pertaining to broker dealer operations and regulatory reporting by maintaining proficient knowledge of applicable regulations and interpretations.

• May oversee compliance exception reporting processes and take appropriate action, as required.

• May assist in drafting and updating written supervisory procedures required by FINRA and the SEC.

• Continually evaluates the department structure and strategic plan, considering future growth. Promotes overall efficiency while maintaining a commitment to compliance standards and excellent service.

• Ensures processes and procedures support efficient and timely workflow.

Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities

Advanced knowledge of:

• Thorough comprehension of the rules and regulations impacting Operations and Regulatory Reporting with emphasis on SEA 15c3-1 and SEA 15c3-3.

• Understanding of pending rule changes impacting Operations and Regulatory Reporting with emphasis on FINRA 4210, SEA 15c6-2, Consolidated Audit Trail and Short Interest Reporting.

• Concepts, practices, and procedures of broker dealer and custody compliance.

• Rules and regulations of the Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

• Retail and clearing firm operations.

• Financial markets and products.

• Investment concepts, practices and procedures used in the securities industry.

Advanced skill in:

• Administering regulatory notifications and filings.

• Planning and scheduling work to meet regulatory organizational and regulatory requirements.

• Investigating compliance issues and irregularities.

• Making rule-based and analytical decisions.

• Identifying and applying appropriate compliance oversight to business units supported by FINOP Compliance.

• Written and verbal communications skills sufficient to professionally address a wide and varied audience both internally and externally.

• Preparing oral and/or written reports.

• Project management skills and experience sufficient to successfully complete long and short-term projects.

Ability to:

• Work under pressure on multiple tasks concurrently, manage those delegated; and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

• Attend to detail while maintaining a big picture orientation.

• Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels to accomplish objectives.

• Establish and communicate clear directions and priorities.

• Gather information, identify linkages and trends, and apply findings to operations.

• Maintain currency in laws, rules and regulations related to compliance in assigned functional area(s).

• Plan, assign, monitor, review, evaluate and lead the work of others, coach, and mentor others.

• Manage all levels of associates, including technical, professional, clerical, administrative and supervisory associates.

• Work independently as well as collaboratively within a team environment to resolve problem.

Educational/Previous Experience Requirements

Education/Previous Experience

• Bachelor's Degree (B.A./B.S.) in a related discipline required with a Master's degree preferred. Minimum of ten (10) years of Compliance, Legal, Banking and/or regulatory experience in the financial services industry.

• Minimum five (5) years management experience within 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.

Job: Compliance

Primary Location: United States

Organization RJF Corporate

Schedule Full-time

Job Shift Day Job

Travel Yes, 20 % of the Time

Req ID: 2304029

Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor

Priority will be given to protected veterans

EOE Protected Veterans/Disability