Job Summary: As a member of the Compliance Assurance team, this role is responsible for managing and executing Raymond James- risk based compliance testing coverage for the Private Client Group (PCG). Using extensive knowledge and skills in financial services and compliance testing obtained through education, experience, which may include securities and/or compliance certifications, the Manager of PCG Compliance Testing will work closely with the Director of PCG Compliance Testing and the Vice President of Compliance Assurance, other Compliance leaders, and senior stakeholders to support the design, implementation and execution of a risk-based compliance testing program.
This role requires knowledge of compliance testing or audit practices and applicable U.S. broker-dealer and registered investment adviser regulatory requirements and controls. Manages major compliance projects, programs or processes with significant compliance and business impacts. Opportunity to work closely with senior members of Compliance and business management in a compliance risk management capacity. Supervises others to perform difficult testing 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 internal stakeholders, industry peers, and regulatory agencies to identify, research, analyze and resolve complex issues.
This position reports to the PCG Director of Raymond James Compliance Testing and will be based in St. Petersburg, FL. Other locations may be considered.
Essential Duties and Responsibilities: - Lead and support compliance testing activities, work paper documentation, and reporting of testing results. - Collaborate across the Compliance team to maintain a risk-based compliance testing program in accordance with regulatory requirements and expectations. - Work closely with the Director of PCG Compliance Testing to identify changes and manage the execution of annual and quarterly updates to the PCG testing plan. - Assists in the design and development of effective compliance testing strategies incorporating output from compliance surveillance, compliance monitoring, risk assessment, and other compliance program elements. - Performs and leads team in the reviews of compliance and risk management controls and recommends appropriate corrective action, as required. - Plans, assigns, monitors, reviews, evaluates and leads the compliance testing activities for others. - Conducts quality reviews of work papers to support assertions documented in test results. - Performs human resource management activities including identifying performance problems, approving recommendations for remedial action, evaluating performance, and interviewing and selecting staff. - Coordinates the preparation of testing results in response to regulatory request. - Provide subject matter expertise on compliance issues by maintaining proficient knowledge of applicable compliance statutory regulations and interpretations including FINRA, SEC and MSRB requirements. - Support PCG Compliance and the business in compliance risk analysis and the design of remediation for any thematic issues. - Fostering positive relationships with department associates and branch associates/affiliates. - May serve as a liaison between the Testing team and national/local industry committees such as SIFMA, SEC, and FINRA. - Manages processes and procedures to 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: Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Municipal Securities Rulemaking Board (MSRB), state securities and banking regulatory agencies. - Retail and clearing firm operations - Investment concepts, practices and procedures used in the securities industry. - Experienced in managing small teams and coordinating across other departments to deliver compliance testing results.
Skill in: - Planning and scheduling work to meet regulatory organizational and regulatory requirements. - Investigating compliance issues and irregularities. - Making rule-based and analytical decisions. - Identifying and applying appropriate compliance testing strategies and procedures. - 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 organizational initiatives - Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.
Ability to: - 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 improve compliance controls. - 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 associates, including technical, professional, clerical, and administrative. - Work independently as well as collaboratively within a team environment to resolve problems
Educational/Previous Experience Requirements: - Bachelor-s Degree (B.A./B.S.) in a related discipline with a Master-s degree preferred. Minimum of six (6) years of experience in Compliance, Audit, Legal, Banking and/or regulatory experience in the financial services industry. - Minimum of three (3) years management experience within the financial services industry. ~or~ - Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications: - Appropriate series license(s) for assigned functional area (Series 7, 24, etc.) preferred. - Additional licenses/certifications demonstrating the candidate-s knowledge/expertise in compliance risk management and/or auditing 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
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