Compliance Director, Investment Advisory Compliance

Job Description Summary

Uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification in securities and/or investment advisory compliance to administer and manage investment advisory-related compliance functions for the firm’s Asset Management Services (“AMS”) division. Ensures alignment with SEC Regulations under the Investment Advisers Act of 1940. Leads major projects, programs, or processes with significant business impact. Influences strategic direction and develops tactical plans and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Maintains contact with internal customers and regulatory agencies to identify, research, analyze and resolve complex issues.

Job Description

Essential Duties and Responsibilities

• Assists in supporting the compliance program for AMS

• Serves as a compliance subject matter expert specific to the business and associated programs administered by AMS.

• Identifies, develops and administers compliance monitoring activities over AMS functions, including investment management activities, advisory fee billing, and manager research. 

• Schedules and facilitates periodic meetings specific to investment advisory activities such as best execution.

• Participates in annual compliance initiatives such as the Compliance Risk Assessment and Conflicts of Interest Assessment.

• May assist with the development and implementation of continuing education and training programs for the department in conjunction with management.

• Establishes objectives and develops processes and procedures to ensure adherence to all regulatory requirements.

• Periodically review client-facing correspondence and related disclosures. 

• Partners with business units to recommend policy and process changes to Senior Management.

• Reviews compliance and risk management controls and recommends appropriate changes, as required.

• Identifies, recommends, and works with other areas of the firm to automate and streamline functions to improve operational efficiencies of compliance systems.

• May serve as a compliance liaison on various committees and projects representing the interest of the department.

• Researches regulatory updates to identify linkages and trends and apply findings.

• Performs periodic reporting on compliance and operational issues as required.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Advanced Knowledge of:

• Concepts, practices, and procedures of securities industry and/or investment advisory compliance.

• Rules and regulations of: Securities Exchange Commission (SEC); Investment Advisers Act of 1940 and SEC regulatory environment, Financial Industry Regulatory Authority (FINRA); state securities regulatory agencies.

• Investment concepts, practices and procedures used in the securities industry.

• Principles of banking and finance and securities industry operations.

• Financial markets and products.

Advanced skill in:

• 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 monitoring procedures and tests.

• Strong verbal and written communication.

• Preparing oral and/or written reports. 

• Project management skills and experience sufficient to successfully complete long and short-term projects.

• 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.

• Work under pressure on multiple tasks concurrently 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 operations.

• Maintain currency in laws, rules and regulations related to compliance in assigned functional area.

• Work independently as well as collaboratively within a team environment.

• Interpret and apply policies and identify and recommend changes as appropriate.

• Quantitatively and/or qualitatively process data.

• Formulate and implement department strategies consistent with long-term company goals.

• Promote team cohesiveness, cooperation, and effectiveness.

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, 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.

Licenses/Certifications

• None Required.

• Series 7 and 66 preferred

• 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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