VP, Product Compliance Officer
FUNCTION:
The Compliance team is responsible for advising a broad network of branch offices, as well as the different functional units within the firm. The Compliance team works closely with management, sales, trading, operations, technology and other areas to help ensure that the high net worth and advisory businesses comply with Firm policies and procedures as well as the requirements of regulatory authorities, including but not limited to the SEC, FINRA, MSRB and state securities regulators.
RESPONSIBILITIES:
Provide compliance and regulatory advice regarding the development of a broad range of products sold by financial advisors including: fixed income products, structured products, derivatives, mutual funds, closed-end funds, exchange traded funds, equity and debt offerings.
• Advise on product specific regulatory requirement, reasonable basis suitability, customer suitability requirements, supervisory controls procedures, communication with clients, training, and compliance and control testing.
• Represent Compliance Department on new product launches
• Work closely with the compliance monitoring testing team to ensure effectiveness of controls.
• Excellent understanding of regulatory control framework.
• Detailed product knowledge regarding: fixed income products and applicable reporting requirements, structured products, derivatives, ETFs and alternative investments, among others.
• Experienced in broker/dealer compliance a plus.
• Excellent verbal, written and communication skills
• Ability to influence positive outcomes across a wide variety of business areas
• Experience of developing policy, assessing risks, implementing procedures, training, monitoring and review.
REQUIREMENTS:
• BA/BS degree.
• 5 - 10+ years of compliance experience.
• Experience in a trading desk environment with a primary focus on fixed income related product offerings.
• Knowledge of Broker-Dealer operation and sales and trading functions a plus
• Experience of developing policy, assessing risks, implementing procedures, training, monitoring and review.
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