Job Description
Job Summary
Under general supervision, uses extensive knowledge and skills obtained through experience, specialized training and/or certification in securities and/or banking industry to perform risk-based testing (206(4)-7) for multiple investment advisers within the Raymond James structure. Specifically, leading, coordinating, and executing independent testing from planning to close, including communication of findings and interaction with the Investment Advisory Chief Compliance Officer and senior management. Maintains extensive contact with internal customers to identify, research, analyze and resolve complex issues.
Essential Duties and Responsibilities
Conducts risk-based compliance testing on at least two investment advisers.
Leads meetings with key business stakeholders and documents processes and controls to mitigate compliance risks.
Facilitates multiple test engagements from planning through final reporting.
Identifies areas of risk such as issues and opportunities for improvement in the design and effectiveness of key controls.
Reports test findings and utilizes judgement to provide an overall opinion on the control environment and communicate findings to management.
Produces quality deliverables that meet both department and professional standards.
Participates in business initiative and pro-actively advises and assists the business on change initiatives.
Builds and maintains strong relationships with key business leaders.
Stays up to date with evolving industry and regulatory changes impacting the business.
Coaches and mentors less experienced Compliance associates.
Directs adjustments to existing programs, policies, and procedures, as required.
Informs appropriate Senior Management about issues that may involve rule violations or potential liability.
Assists Management to implement adequate controls and quality assurance processes to detect and address potential compliance problems.
Reports compliance program status and activities to compliance and business management personnel.
Prepares and delivers written and oral presentations to Management.
Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities
Knowledge of:
Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
Understanding of risk management including internal control assessments.
Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
Rules and regulations of the Securities Exchange Commission (SEC).
Fundamental investment concepts, practices and procedures used in the securities industry.
Principles of banking and finance and securities industry operations.
Financial markets and products.
Skill in:
Integrating and aligning compliance processes and procedures with business processes.
Coordinating complex compliance activities.
Providing support and guidance for compliance efforts.
Identifying and implementing controls and quality assurance processes.
Reviewing materials for compliance with rules and regulations.
Researching compliance issues.
Developing compliance training programs.
Gathering information and preparing oral and written reports.
Preparing and delivers written and oral presentations.
Investigating relevant irregularities.
Making rule-based and analytical decisions.
Operating standard office equipment and using required software applications.
Ability to:
Partner with other functional areas to accomplish objectives.
Facilitate meetings, ensuring that all viewpoints, ideas, and problems are addressed.
Attend to detail while maintaining a big picture orientation.
Gather information, identify linkages and trends and apply findings to assignments.
Interpret and apply securities and/or banking regulations and identify and recommends policy and procedural changes as appropriate.
Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Use appropriate interpersonal styles and communicate effectively, both orally and writing, with all organizational levels.
Work independently as well as collaboratively within a team environment.
Provide a high level of customer service.
Establish and maintain effective working relationships at all levels of the organization.
Maintain confidentiality.
Maintain currency in securities and/or banking industry rules and regulations and best practices in compliance.
Educational/Previous Experience Requirements
Bachelor's degree (B.A. /B.S.) and a minimum of three (3) years of experience in Compliance and/or the financial services industry preferred.
~or~
Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
None Required.
Additional licenses/certifications demonstrating the candidate's knowledge/expertise in industry regulation and concepts preferred.
Education
Work Experience
Certifications
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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