Compliance Sr. Manager, Investment Advisory Compliance

Job Description Summary

Under intermittent supervision and with a high level of autonomy, uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification in securities or banking industry compliance to administer and to manage compliance functions related to Investment Advisor Representatives (IARs). Ensures alignment with SEC Regulations under the Investment Advisors Act of 1940. Leads major projects, programs, or processes with significant business impact. Influences strategic direction, develops tactical plans, and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Provides comprehensive solutions to escalated problems or needs. Maintains extensive contact with internal customers and regulatory agencies to identify, research, analyze, and resolve complex issues.

Job Description

Essential Duties and Responsibilities

• Oversees compliance exception reporting processes and approves corrective actions.

• May coach, train, and mentor others Compliance associates.

• May assist with the development and implementation of continuing education and training programs for the department in conjunction with management.

• Schedules and oversees compliance processes including scheduling, training, and review of compliance reporting.

• Establishes objectives and develops processes and procedures to ensure adherence to all regulatory requirements.

• Monitors and reviews all reporting, audits, and correspondence.

• Partner with business units to recommend policy and process changes to Senior Management.

• Ensures effective coordination occurs within assigned work group and with other work groups.

• Identifies, recommends, and works with other areas of the firm to automate and streamline functions to improve operational efficiencies of compliance systems.

• Serves as a resource on compliance issues to clients and staff.

• May serve as a compliance liaison on various committees and projects representing the interest of the department.

• Attends and may deliver presentations at industry-related conferences.

• Researches regulatory updates to identify linkages and trends and apply findings.

• Identifies, recommends, and works with other areas of the firm to automate and streamline functions to improve operational efficiencies of compliance systems.

• Performs periodic reporting on compliance and operational issues as required.

• Assists in preparing the operational budgets for assigned functional area.

• Balances conflicting resource and priority demands.

• Performs other duties and responsibilities as assigned.

• Maintains department specific intranet information

• Assists with distribution of field facing and internal update communications

Knowledge, Skills, and Abilities

Advanced knowledge of:

• Concepts, practices, and procedures of securities industry and/or banking compliance.

• Rules and regulations of: Securities Exchange Commission (SEC), Investment Advisers Act of 1940 and SEC regulatory environment; Financial Industry Regulatory Authority (FINRA); state securities regulatory agencies; 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; state banking regulatory agencies.

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

• Principles of banking and finance and securities industry operations.

• Financial markets and products.

Advanced skill in:

• Administering regulatory notification and filings.

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

• Identifying and applying appropriate compliance monitoring procedures and tests.

• Preparing oral and/or written reports. 

• Investigating compliances issues and irregularities.

• Making rule-based and analytical decisions.

• Strong verbal and written communication.

• Operating standard office equipment and using required software applications.

Ability to:

• Coach and mentor 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.