Commercial Broker Dealer Chief Compliance Officer - Sr. Director

NYC 299 Park Avenue (22957), United States of America, New York, New York

Commercial Broker Dealer Chief Compliance Officer - Sr. Director

The Sr. Director will be the Commercial Broker Dealer Chief Compliance Officer (“BD CCO”) for three institutional FINRA registered broker-dealers and provide compliance support to the Capital Markets line of business, a division within the Commercial Bank of Capital One. The broker-dealers include Capital One Securities, Inc., KippsDeSanto & Co., and TripleTree, LLC (collectively "Commercial Broker Dealers" or "CBDs").  The BD CCO will lead a BD Compliance team of associates (compliance advisory and registrations and licensing professionals). The BD CCO will interact with and advise senior management of the CBD LOBs and ensure effective methods of managing compliance risk arising from federal and state laws and regulations (e.g., FINRA, NASDAQ and SEC), within an enterprise-level risk management framework. The BD CCO will gain and maintain in-depth understanding of the CBD products, services and functions to ensure maintenance of comprehensive written compliance policies and written supervisory procedures.

The BD CCO maintains all organizational and professional ethical standards and has latitude for independent judgment and decision-making. Additional responsibilities will include:

• Promoting a culture of compliance and managed risk taking

• Providing subject matter expertise and guidance on compliance with all applicable SEC and FINRA rules and regulations, including but not limited to anti-money laundering, outside brokerage accounts, outside business activities, OSJ/branch inspections, firm element continuing education, electronic communications surveillance, information barriers, restricted/watch lists, institutional research, investment banking, and institutional sales

• Acting as the primary point of contact for FINRA, SEC, and state securities regulators and related exams

• Managing CBD Written Supervisory Procedures to ensure they accurately reflect actual practice and address regulatory requirements and standards of conduct

• Advising and supporting Principals on their business decisions, supervision of persons or functions, and compliance with applicable rules

• Providing effective challenge and guidance on compliance risks and supporting senior management through various interactions including, but not limited to formal committee meetings and enterprise change management processes (e.g., new products and services)

• Conducting regulatory mandated exams of the offices and functions of the CBDs  

• Administering the customer complaint process

• Enforcing information barriers including chaperoning “over the wall” conversations

• Overseeing securities licensing and registrations including Firm requirements.

• Overseeing the review and approval of marketing materials and administering annual compliance attestations

• Advising on disposition of outside business activities/private securities transactions in coordination with the enterprise Ethics & Investigation team

• Advising on the design of second line compliance monitoring and testing 

• Maintaining CDBs books and records

• Administering and tracking of Regulatory and Firm Element training requirements

• Preparing the Supervision and Controls Report & Certification per FINRA Rules 3120/3130

• Flexibility to travel to various Capital One locations as necessary

Basic Qualifications

• Bachelor's Degree or military experience

• At least 10 years of experience working in broker-dealer or investment advisor compliance OR at least 8 years of experience working for a regulator overseeing broker dealers or investment advisers

• FINRA (Financial Industry Regulatory Authority) licensed with valid Series 7 and Series 24 or Series 14

• At least 5 years of people management experience

Preferred Qualifications

• Master’s Degree or Juris Doctor

• Currently working as a Broker Dealer or Investment Advisor CCO or deputy CCO

• 11+ years of experience working in broker-dealer or investment advisor compliance OR 9+ years of experience working for a regulator overseeing broker dealers or investment advisers

• Series 63 or 9/10

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Ca