Bank Compliance Officer
Position Description
The position requires knowledge of banking products and sales practice issues as they relate to a retail and ultra high net worth broker dealer.
The role has two major components. Primary responsibility will be to review marketing material produced by affiliated banks for products offered and sold by the broker/dealer. In addition, the role requires advising the business unit regarding the marketing and sale of banking products to clients of the US broker/dealer. Emphasis will be on lending products, with a focus on non-purpose loans utilizing assets held at the broker/dealer as collateral.
This function will also include the development and implementation of surveillance systems, policies, procedures, and monitoring and testing involving trading and product development as related to clients purchasing banking products.
The successful candidate will work closely with the Legal and Risk Departments as well as the business unit.
The successful candidate will also supervise and coordinate special projects as they relate to the compliance function. Past projects have included the review of mortgage sales and licensing of Financial Advisors throughout the US.
Skills Required
The ideal candidate should possess the knowledge of appropriate regulatory rules, including Reg B, Reg E, Reg T, Reg U, Reg W, Fair Lending and Anti- Tying. The candidate should possess strong analytical and interpersonal skills, have the ability to interact will individuals at all levels to devise, implement, and enhance policies, procedures and surveillance tools.
Skills Desired
Bank Compliance or a related business unit --over 5 years and Series 7, Series 63 or 66, Series 8 or Series 9 10
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