Job Description
Under limited supervision, uses general knowledge and skills obtained through formal education and work experience to perform risk analysis of limited scope and complexity to support the RIA & Custody Services (RCS) Division. Duties include supporting the administration of the divisional risk framework to identify, analyze, measure, and report key business risks specifically related to independent Registered Investment Advisers (RIA) and Introducing Broker Dealers (IBD) that clear and custody with Raymond James. Routine contact with internal and external customers is required to identify, research, and resolve problems or recommend solutions.
Essential Duties and Responsibilities
Conduct appropriate due diligence related to new business through the review of prospective and existing RIA and IBD clients and their authorized agents seeking access to the Raymond James platform
Performs data collection and analysis under direct supervision to assist in identifying, analyzing, and recording trends that drive program operation.
Assists in preparing written reports and developing spreadsheets related to various risk issues and business requests.
Supports risk and control efforts for RCS in accordance with internal standards, relevant government statutes, and regulations.
Partners with colleagues and business process owners to evaluate the control environment related to the custody and clearing business to strengthen internal controls and mitigation strategies.
Develops and maintains an in-depth understanding of the custody and clearing business, its products, and supporting functions.
Stays up-to-date with evolving regulatory changes and market events impacting custodians, clearing firms, RIAs, and IBDs.
Assists in performing reviews for assigned areas to identify critical controls and mitigation strategies.
Builds and maintains key relationships with stakeholders, demonstrating a culture of engagement and assistance
Analyze business processes, procedures, and information requirements to resolve problems and improve workflow and process efficiency.
Perform other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities
Fundamental concepts and practices of risk management as it relates to the custodial and clearing business.
Fundamental concepts of financial markets and products.
Regulatory rules, forms, reporting, and guidance for establishing custody and clearing relationships, and broker-dealer best practices to include, but are not limited to:
FINRA Rule 4311
Investment Advisers Act of 1940
Form ADV
Microsoft Office (e.g., Word, Excel, and PowerPoint)
Relationship management software and applications (e.g., Salesforce)
Skill in
Strong interpersonal skills for interfacing with all levels of management.
Strong analytical skills, particularly concerning assessing the probability and impact of an internal control weakness.
Operating standard office equipment and using required software applications
Preparing written reports and delivering formal synopsis or data.
Enthusiastic, self-motivated, and effective under pressure.
Proven ability to manage time and deliver against deadlines.
Ability to
Attend to detail while maintaining a big picture orientation.
Quickly grasp risk theories and concepts, analyze data, and exhibit sound judgment and problem-solving skills
Gather information, identify linkages and trends, and apply findings to assignments.
Conduct research to assess probability and severity of risk.
Analyze, organize and prioritize multiple tasks and meet deadlines.
Interpret, analyze and apply information.
Stay abreast of industry best practices, procedures, and techniques.
Develop strong working relationships with business partners.
Establish and maintain effective working relationships at all levels of the organization.
Provide high level customer service.
Comply with established standards and procedures.
Work independently as well as collaboratively within a team environment.
Educational/Previous Experience Requirements
Education/Previous Experience
Bachelor's Degree and a minimum of one (1) year of relevant business experience in financial services.
OR ~
Any equivalent combination of education, training and/or experience approved by Human Resources.
Licenses/Certifications
SIE (preferred)
Education
Bachelor's, Bachelor's: Finance
Work Experience
General Experience - 13 months to 3 years
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Travel
Less than 25%
Workstyle
Hybrid
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
At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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