The Senior Compliance Associate, Advisory, has the responsibility of performing tasks related to the development of policies and procedures, assisting in internal and external audits, the filing of the required documentation under SEC regulations and other compliance related tasks. Works with the department leader in the development of reports and communicates any regulatory changes or updates to the corresponding internal or external bodies.
Job Responsibilities/Main Functions
Policies and Procedures
Assists in the development of policies and procedures to comply with the corresponding regulatory bodies.
Integrates any regulatory changes and updates to the internal policies and procedures ensuring compliance with outside regulatory agencies.
Communicates to employees and registered individuals any changes in policies, procedures, and regulatory environment.
Assigns training modules to registered individuals following the regulatory agency's requirements.
Multi-Custodian
Maintains an excellent compliance Custodian relationship ensuring the highest level of client experience utilizing multi-custodian platforms.
Trains and educates new advisors and CA's on the overall multi-custodian model, financial solutions, products/services, and related information technology platforms/set up infrastructure for advisors to operate on multi-custodian platforms.
Ensures resolutions to compliance and operational issues are documented following established company policies and procedures.
Effectively communicates company's policies, procedures, products, and services and how they translate at new custodian level.
Regulatory and External Audits
Support the annual renewal of the firm's registration with the SEC.
Support on all regulatory filing requirements for the firm's registered individuals including new registrations and terminations.
Participates in external audits from regulating agencies in providing information related to registered individuals, transactions, reports, account documentation and other special requests.
Provides supporting documentation and explanations to regulators in the case of inquiries.
Participates in the execution of internal reviews and audits and ensures the implementation of corrective actions based on audit findings and business objectives.
Prepares compliance and best execution reports as scheduled.
Assists in the development of reports to the company's leadership team with recommendations on changes to operational procedures, re-design of products and services and other internal compliance requirements.
Works with outside consultants and legal counsel to mitigate any findings.
Job Requirements (Education, Experience, Skills, and Capabilities)
Bachelor's degree in business administration with a concentration in finance, political science, or related field.
Minimum four (4) years of work-related experience in registered investment advisor, or multi-family advisor.
Series 7 and Series 66 preferred.
Knowledge of RIA operations and SEC regulations.
Knowledge of the financial industry products and services.
Advanced knowledge in MS platforms/software.
Self-starter, driven and exceptional attention to detail.
Excellent organizational skills with a proven ability to meet deadlines.