Raymond James Financial, Inc. Sr. Advisor, Compliance Investment Advisory in Memphis, Tennessee
Under general administrative direction, uses extensive knowledge and skills obtained through experience, specialized training and/or certification to ensure compliance of investment advisory business practices with Advisers Act, state laws, and other applicable rules and regulations. Coordinates compliance functions, and act as a liaison between functional areas. Performs large or multiple initiatives that have significant scope and impact, including compliance monitoring and policy/procedure testing under Rule 206(4)-7 of the Investment Advisers Act of 1940. Works independently and with team on difficult assignments that can be broad in nature to provide comprehensive solutions to complex problems along with routine oversight and testing functions. Results are evaluated at agreed upon milestones for effectiveness in achieving specified results.
Essential Duties and Responsibilities:
Assist with compliance governance reporting for all compliance pillars, including compliance representation, conducting research, due diligence, documentation, escalation, collaboration within and outside compliance groups related, but not limited to, issue management, emerging risks, regulatory changes, supplier and product risk assessments.
Dotted line reporting structure to assist the Advisory Compliance Testing Team in facilitating transactional reviews, data analysis and identifying areas of risk and possible control gaps.
Provide compliance support in the development and enhancement of compliance oversight programs for investment advisory activities, products and various investment advisory areas of coverage including operational businesses.
Reports compliance program status and activities to compliance and business management personnel by preparing both written and oral presentations, including assigned business areas and testing reviews.
Researches, interprets and translates regulatory rules/regulations or company policies for Senior Management and supported business units.
Monitors exception and other internal reports for adherence with applicable rules and regulations and escalate identified issues to Senior Management any that involve rule violations or potential liability.
May contribute to compliance training programs, assist with responses to regulatory agency inquires and updating policies and procedures.
Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities:
Concepts, practices and procedures of investment advisory, securities industry and/or banking compliance reviews.
Rules and regulations of the Investment Advisers Act of 1940 (IA40); Securities Exchange Commission (SEC); state; DOL/ERISA; IRC; and banking regulatory agencies.
Fundamental investment concepts, practices and procedures used in the securities industry.
Principles of banking and finance and securities industry operations.
Financial markets and products.
Overseeing compliance programs.
Integrating and aligning compliance processes and procedures with business processes.
Providing support and guidance for compliance efforts.
Identifying and implementing controls and quality assurance processes.
Reviewing materials for compliance with rules and regulations.
Developing compliance training programs.
Gathering information and preparing oral and written reports.
Making rule-based and analytical decisions.
Operating standard office equipment and using required software applications.
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.
Gather information, identify linkages and trends and apply findings to assignments.
Interpret and apply securities and/or banking regulations and identify and recommends policy and procedural changes as appropriate.
Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Use appropriate interpersonal styles and communicate effectively, both orally and writing, with all organizational levels.
Work independently as well as collaboratively within a team environment.
Provide a high level of customer service.
Establish and maintain effective working relationships at all levels of the organization.
Maintain currency in securities and/or banking industry rules and regulations and best practices in compliance.
Educational/Previous Experience Requirements:
- Bachelor’s Degree (B.A./B.S.) in a related discipline and a minimum of three (3) years of experience in Compliance and/or 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.
Series 7 and 66 Strongly Preferred
Job: Auditing & Compliance
Primary Location: US-TN-Memphis
Organization RJF Corporate
Job Shift Day Job
Travel Yes, 5 % of the Time
Req ID: 2103017