Job Summary: As a member of the Compliance Assurance team, this role is responsible for managing Raymond James' risk based compliance risk assessment process. Using extensive knowledge and skills in compliance and financial services obtained through education, experience, which may include securities and /or compliance certifications, the Director of Compliance Risk Assessment will work closely with the Senior Vice President of Compliance Assurance, other Compliance leaders, and senior stakeholders to coordinate a cross-functional team in the implementation, execution, and reporting of a risk-based compliance risk assessment program.
This role requires knowledge of compliance risk management processes and applicable U.S. broker-dealer and registered investment adviser regulatory requirements and controls. The successful candidate will already have implemented a compliance risk assessment and familiarity with a governance, risk, and compliance framework. Leads 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 compliance risk analysis and reporting that may be 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 Senior Vice President of Raymond James Compliance Assurance and will be based in St. Petersburg, FL. Other locations may be considered.
Essential Duties and Responsibilities:
Implementing the risk assessment process across the various products, services, and applicable corporate functions in conjuction with the various Compliance teams.
Design and maintain risk assessment tools for efficiency in implementation and reporting with linkage to the various governance, risk, and compliance (GRC) foundational elements.
Collaborate across the Compliance team to maintain a risk-based compliance risk assessment program in accordance with regulatory requirements and expectations.
Identify changes and manage the execution of annual and potentially quarterly updates to compliance risk profile.
Design and develop efficient and effective strategies incorporating output from compliance surveillance, monitoring, testing, and other compliance program elements.
Performs and leads team in the analysis of compliance risk management controls and recommends appropriate corrective action, as required.
Performs human resource management activities including identifying performance problems, approving recommendations for remedial action, evaluating performance, and interviewing and selecting staff.
Coordinates the preparation and submission of 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 and SEC requirements.
Fostering positive relationships with department associates and branch associates/affiliates.
May serve as a liaison between the Compliance Assurance 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), state securities and banking regulatory agencies, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Federal Financial Institutions Examination Council (FFIEC), Office of Thrift Supervision (OTS), and the Federal Reserve System.
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 risk assessment results.
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 risk management and assessment 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 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 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 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, Audit, Legal, Banking and/or regulatory experience in the financial services industry.
Minimum five (5) years management experience within the financial services industry. ~or~
Any equivalent combination of experience, education, and/or training approved by Human Resources.
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
Internal Number: 6718429
About Raymond James Financial Incorporated
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