Sr. Manager, Regulatory Advisory Compliance

About this Position

Reporting to the Broker/Dealer Chief Compliance Officer, the role is responsible for ensuring compliance programs including written supervisory procedures appropriately address the regulatory requirements relative to the firm’s business activities. Individual serves as a subject matter expert in the broker/dealer regulatory landscape. Works closely with key stakeholders across the firm including Legal and Compliance colleagues to review, interpret and implement new regulatory requirements as well as enhance existing compliance program to ensure regulatory standards are met. The role will also support the North America Compliance Team and business units by providing regulatory advisory support. The role requires an expert level of knowledge of the FINRA, SEC, MSRB and state broker dealer regulatory requirements and landscape, strong analytical skills with attention to detail, the ability to work with evolving priorities and under heavy workload.

Role Summary

Works with a high degree of independence and is responsible for ensuring the firm’s compliance with FINRA, SEC, MSRB and State rules and laws. Advises internal clients on considerations and resolutions of compliance issues using experience, rule interpretation skills, and sound judgement from a risk perspective. Ensures compliance policies and procedures adhere to requirements by leading projects to improve or implement compliance processes/programs.

Responsibilities

• Provides specialized, expert legal counsel and effective solutions for multiple business units across the firm.
• Develop and implement compliance vision and strategy in conjunction with the Chief Compliance Officer.
• Monitor ongoing legal and regulatory developments.  Design and lead efforts to implement new compliance initiatives as law, compliance and business circumstances evolve.
• Manage responses to requests for information and examinations by regulatory organizations. 
• Utilizes expert knowledge of regulatory requirements and experience to assess controls and identify risk priorities in consultation with Chief Compliance Officer.
• In consultation with the Chief Compliance Officer and others within the Legal and Compliance Group, recognizes current industry compliance issues and leads efforts to research, access impact on T. Rowe Price, develop remediation plan and ensure implementation of plan.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 8+ years of total relevant work experience
• FINRA Series 7 and Series 24 registrations, Series 24 may be obtained within the first 6 months of hire if not currently held

Preferred:

• Strong knowledge of broker/dealer regulatory requirements including FINRA, SEC, MSRB and state rules and regulations
• In depth knowledge and understanding of broker/dealer activities such as distribution of mutual funds, exchange traded funds, private placement agent activities, dealer/manager of business development company, and introducing broker/dealer for individual brokerage customers
• Demonstrated ability to establish yourself as a trusted advisor to colleagues at all levels of seniority
• Excellent effective communication, judgement, decision making and negotiation skills
• Demonstrated ability to influence senior leadership and peers
• Demonstrated ability to prioritize work in a fast-paced collaborative environment
• Demonstrated ability to lead implementation efforts of regulatory change or initiatives across the firm within varying business units
• Demonstrated ability to interpret, establish reasonable policies and procedures and implement laws and regulations

FINRA Requirements

FINRA licenses are required and will be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.