Under general direction, 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 with focus on Equity Research and Investment Banking matters. 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:
Provide Investment Banking and Equity Research advisory and monitoring functions
Interact with members of ECM/IB/Sales/Research for advice related to IPO/Follow-On Equity offerings (e.g. Reg M, deal marketing)
Assist with Conflict of Interest checks
Have knowledge of varying forms of equity underwritings including private placements, syndicate matters, and Reg M
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.
Maintains the required compliance systems for the firm while fostering positive business relationships with department associates and branch associates/affiliates.
Serves as the primary liaison between the organization and industry regulators by responding to inquiries, audits, complaints and investigations.
May serve as a liaison between the organization and industry committees such as SIA, FSI, and the FINRA.
Reviews compliance and risk management controls and recommends appropriate changes, as required.
Coordinates the preparation and submission of regulatory filings and maintains required compliance documents.
Serves as a subject matter expert on compliance issues by maintaining proficient knowledge of applicable compliance statutory regulations and interpretations.
May oversee compliance exception reporting processes and take appropriate action, as required.
May draft and update written supervisory procedure manuals required by 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 work flow.
Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities:
Advanced knowledge of:
Concepts, practices and procedures of securities industry compliance.
Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies, specifically FINRA 2241 and SEA – Section 5, SEC Rules 138/139
Knowledge of the Securities Exchange Act of 1934
Financial markets and products.
Investment concepts, practices and procedures used in the securities industry.
Administering regulatory notifications and filings.
Planning and scheduling work to meet regulatory organizational and regulatory requirements.
Investigating compliances issues and irregularities.
Making rule-based and analytical decisions.
Identifying and applying appropriate compliance monitoring procedures and tests.
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.
Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, spreadsheets, and databases.
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:
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.
Any equivalent combination of experience, education, and/or training approved by Human Resources.
Appropriate series license(s) for assigned functional area preferred or the ability to obtain within an established timeframe.
Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
Job Auditing & Compliance
Primary Location US-NY-New York-New York City
Organization RJF Corporate
Shift Day Job
Travel Yes, 20 % of the Time