JobAgi

Regulator – Focus/Regulatory Reporting & Risk Management at The Compliance Search Group

2010-03-05 10:18:25

Location: New York, NY
URL: http://www.compliancesearch.com

Description:

Our client is a regulatory agency.

The Regulator seeks an individual for their Examinations division in New York.

Job Summary:

The position involves conducting on-site Consolidated Supervised Entity (CSE) examinations to assess member firms’ risk management framework and evaluate systems and procedures for the establishment and implementation of comprehensive internal controls to effectively manage risk.

Essential Job Functions:

• Examine member firms’ books and records and internal control processes for determination of market and credit risk exposures, specific risk and scenario analysis deductions, and back testing and stress testing results for FOCUS Supplementary Schedule reporting, compliance with the SEC Rule 15c3-1(Appendix E), and other applicable rules and regulatory requirements.
• Interact with firm personnel in areas such as Risk Management (both Market & Credit), Product Controllers, Treasury, Operations (front, middle and back office), Trading, Legal & Compliance, Internal Audit and Regulatory Reporting.
• Review, analysis, and testing of: member firm systems (front, middle, and back office) used to capture, aggregate and measure risk; calculate Value at Risk (VAR), reconciliation process of various risk and trading systems to verify accuracy of the data capture and quality processes; the establishment, approval and monitoring of limits; model approval and maintenance; product control and price verification; operational risk management, funding methodology; and corporate governance structure.
• Prepares work papers to support reviews conducted.
• Prepares written reports and conducts exit interviews to provide member firms with information on regulatory concerns noted during exams.
• Works in a team environment with opportunities to supervise others and interact with senior member firm and FINRA personnel.

Additional Essential Job Functions for the Associate Principal/Principal Examiner Include:

• Supervises the examination of member firms’ books and records and internal control processes for determination of market and credit risk exposures, specific risk and scenario analysis deductions, and back testing and stress testing results for FOCUS Supplementary Schedule reporting, compliance with the SEC Rule 15c3-1(Appendix E), and other applicable rules and regulatory requirements.
• Participates in meetings with team members and firm personnel in areas such as Risk Management (both Market & Credit), Product Controllers, Treasury, Operations (front, middle and back office), Trading, Legal & Compliance, Internal Audit and Regulatory Reporting.
• Supervises the review, analysis, and testing of: member firm systems (front, middle, and back office) used to capture, aggregate and measure risk; calculate Value at Risk (VAR), reconciliation process of various risk and trading systems to verify accuracy of the data capture and quality processes; the establishment, approval and monitoring of limits; model approval and maintenance; product control and price verification; operational risk management, funding methodology; and corporate governance structure.
• Serves as in-field supervisor in role of Lead Examiner, with responsibility for training and developing newer staff members, reviewing completed work of other team members, and completing examination-related reports and documents on behalf of the team.
• Analyzes internal controls in key areas of risk and evaluates systems used by member firms to determine quality and reliability.
• Participates in special projects and on committees or task forces dedicated to improving the CSE examination program.
• Performs targeted, or “for cause”, reviews of member organizations’ compliance with CSE rules, regulations and best practices.
• Develops and delivers training presentations offered to newer staff members.
• Presents examination-related matters to colleagues and managers at monthly staff meetings and quarterly divisional training sessions.

Please email resumes to Jack Kelly – jkelly@ComplianceSearch.com

Apply to this job

Compliance Officer – Product Development of Annuities at The Compliance Search Group

2010-03-05 08:15:52

Location: Massachusetts
URL: http://www.compliancesearch.com

Description:

Financial services firm seeks a Compliance Officer to oversee annuities product development, marketing, wholesaling and related matters.

Responsibilities:

 Product development of fixed and variable, life and annuity products sold in the qualified (403b/ 401k) and non-qualified markets, and oversight of state filing process.
 Regulatory guidance and compliance oversight of third party administrators, including planning and performance of audits.
 Creation, implementation and updates to formal compliance procedures for administration of all blocks of business issued or reinsured by the company (e.g. claims payments, tax reporting, qualified plan requirements).
 Drafting, implementing and updating formal procedures for assuring compliance with insurance and securities laws (e.g. investment limitations, affiliate transactions).
 Management of regulatory audits and examinations (State Insurance Dept’s, SEC, FINRA).
• Research and drafting of consumer and regulatory complaint responses.
• Compliance lead on project teams aimed at identifying risk and providing workable solutions.

REQUIREMENTS:

• High level of knowledge of fixed and variable life insurance/annuity products.
• Thorough understanding of federal and state regulatory framework and requirements.
• Significant experience performing detailed auditing and testing.
• New product development and product filing experience.
• High level of knowledge of qualified plan compliance requirements – specifically 403(b), 401(k).
• Minimum – Bachelor’s degree
• 7-10 years experience in the financial services industry, preferably with an insurance company
• FINRA Series 26 or 24, LOMA designations

Please email resumes to Jack Kelly – jkelly@ComplianceSearch.com

Apply to this job

Financial Crimes Officer at The Compliance Search Group

2010-03-05 08:14:44

Location: New York
URL: http://www.compliancesearch.com

Description:

This position, as part of the Financial Crimes Department, will be responsible for positing the firm to most effectively mitigate the risks of our products and services being abused for the purposes of money laundering, terrorism financing, or other financial crimes. The Department implements a compliance framework to meet the requirements of anti-money laundering, anti-terrorism, anti-bribery & corruption and economic sanctions laws and regulation.

Responsibilities include:
„ª Internal control development and assessment
„ª Risk management processes and assessment
„ª Implementation of financial crime policies and procedures
„ª Identification and sharing of best practices and advisory

Position requires:
„ª 5+ years in a compliance role focusing on AML, anti-bribery & corruption
„ª Sanctions of Anti-Terrorism regulation
„ª Substantive understanding of wealth management products/services
„ª Substantive understanding of AML regulations within the financial services industry
„ª 2-4 years management experience preferred
„ª BA/BS; law degree preferred

Please submit resume to Jack Kelly, JKelly@ComplianceSearch.com

Apply to this job

Compliance Officer, Monitoring and Testing at The Compliance Search Group

2010-03-05 08:14:13

Location: New York
URL: http://www.compliancesearch.com

Description:

This position, as part of the Compliance team, will work closely with management, sales, trading, operations, technology, and other areas to ensure the high net worth and advisory businesses comply with Firm policies and procedures as well as the requirements of regulatory authorities.

Responsibilities include:
„ª Develop and execute an ongoing control monitoring and testing program designed to evaluate the effectiveness of key compliance controls within BWA, via routine and/or ad hoc monitoring and testing of processes and procedures
„ª Develop and execute test plans and test scripts regarding, among others: AML, Sanctions; KYC; Suitability; Trust services; gifts and entertainment; Banking platform; and Sales Practice
„ª Help drive corrective actions required to improve the compliance processes and procedures
Position requires:
„ª 5-10 years general compliance experience, including AML
„ª Prior regulatory experience
„ª Experience with global operations of a large financial institution
„ª Strong understanding of regulatory control framework
„ª Audit or exam experience in financial services
„ª BA/BS; advanced degree preferred
„ª Spanish a plus

Please submit resume to Jack Kelly, JKelly@ComplianceSearch.com

Apply to this job

Marketing Compliance Review at The Compliance Search Group

2010-03-05 08:13:43

Location: New York
URL: http://www.compliancesearch.com

Description:

Responsibilities:
Marketing
• Review institutional (equity and fixed income) and retail (sub-advisory and managed account) client marketing materials
• Review RFPs and due diligence questionnaires
• Coordinate with Marketing, Legal and the Business on marketing materials for new strategies and products as well as the development of GIPS composite presentations
• Coordinate with Legal on international marketing materials (determining licensing and disclosure requirements for the respective country)
• Develop disclosures where needed
• Assist with developing / monitoring policies and procedures related marketing of funds. Familiarity with FINRA preferred.
• Manage international reporting requirements

Other Compliance Monitoring
• Assist with FCPA certification
• Conduct routine and ad hoc surveillance of e-mail to identify issues for potential escalation. Assist with design of program to satisfy policy objectives and maximize effectiveness.

Requirements
• 3 – 5 years experience in a marketing material review position in an investment advisory firm.
• A working knowledge of the regulatory environment (SEC, FINRA, GIPS) is required in order to apply the appropriate disclosures to materials.
• Working knowledge of GIPS
• Familiarity with broker/dealer (FINRA) advertising rules in order to support materials discussing products distributed through the broker/dealer (PIMS) is a plus

Please submit resume to Jack Kelly, JKelly@ComplianceSearch.com

Apply to this job

Senior Fixed Income Compliance Analyst at The Compliance Search Group

2010-03-05 08:13:03

Location: Boston, MA
URL: http://www.compliancesearch.com

Description:

Our client, a leading investment management firm, seeks a Senior Fixed Income Compliance Analyst.

Responsibilities
Guideline & Restrictions
• Work with the Director of Investment Services and Portfolio Managers on the review of guidelines during the client on-boarding process and subsequent amendments to existing client guidelines and restrictions. Documents in the review typically include: Investment Management Agreements, investment policy statements, investment guidelines etc. and mutual fund prospectus/SAI documents
• Perform analysis and initial coding for new accounts. Create new guidelines on an as needed basis. Perform testing of guideline rules and enhancements made to the compliance restriction system prior to implementation.
• Daily monitoring of client guidelines and restrictions
• Research and validate the accuracy of compliance restrictions
• Report violations accurately and timely and follow through to resolution
• Be a resource for the development and implementation of the new guideline system

Trade Oversight & Monitoring
• Review and sign off on trade corrections/changes
• Prepare agenda and materials and attend the Trade Management Oversight Committee
• Conduct periodic testing of firm’s internal controls and proactively enhance controls if appropriate
• Review “forensic testing” on trade allocations, including new issues.
• Develop additional oversight monitoring tools and reporting (e.g. best ex, books and records, etc.)

Client Reporting
• Prepare client reporting as needed (e.g. compliance checklists); including mutual fund board reporting to 40 Act clients

Other
• Assist in maintaining written compliance policies and procedures
• Assist in marketing material review
• Offer back-up to other members of the Compliance Department on an as-needed basis.
• Act as primary interface with Portfolio Managers and Client Accounting on compliance-related issues
• Follow up on issues identified in the oversight process to ensure issues are properly resolved.
• Attend the quarterly Valuation Committee meetings

Qualifications and Experience
• Bachelor’s Degree
• Minimum of 5 years of compliance experience in support of fixed income capital markets
• Systems: experience with trading, compliance and accounting systems as well as Microsoft office products and industry products such as Bloomberg
• Must have extensive fixed income product knowledge and strong understanding of corporate debt, asset backed securities, credit derivatives and other related securities.

Please submit resume to Jack Kelly, JKelly@ComplianceSearch.com

Apply to this job

Investment Management Division Testing Role at The Compliance Search Group

2010-03-05 08:12:28

Location: Salt Lake City, Utah
URL: http://www.compliancesearch.com

Description:

Our client, a top-tier global investment bank, is seeking a Testing professional to serve on the Investment Management Division Testing team, which is responsible for testing the activities of the Private Wealth Management and Asset Management divisions.

The Team members will create detailed work programs, execute the steps for those plans and memorializes its results in detailed written summaries. During the testing process, the team members will meet with Senior Compliance and Business Management to discuss the testing process and the results of the testing. The IMD Team members are also responsible for identifying solutions to any control gaps or deficiencies identified in the testing process.

Principal Responsibilities
• Understand the various business divisions and applicable policies and procedures and securities rules and regulations.
• Create detailed testing work programs to ensure compliance with regulatory local regulations and firm policies.
• Execute the testing.
• Document the testing performed, observations and action items as applicable in organized work papers.
• Communicate observations and recommendations to Senior Compliance and Business Management.
• Monitor the implementation of action items as applicable.

Experience/Skills
• Audit, compliance , regulatory or other comparable experience preferred.
• Industry knowledge and 4-8 years of relevant experience preferred.
• Knowledge of rules and regulations preferred including SEC and SRO Rules and Regulations and the Investment Advisers Act of 1940.
• Ability to review regulations and firm policy for the purpose of developing test working programs and identifying control gaps or deficiencies.
• Ability to work effectively with both junior and senior personnel across various departments (including compliance, legal, operations, technology and business).
• Ability to travel.
• Proficiency in all Microsoft Office applications including Word, Excel and Powerpoint.

Please submit resume to Jack Kelly, JKelly@ComplianceSearch.com

Apply to this job

Fixed Income Compliance Officer – Securitized Products at The Compliance Search Group

2010-03-05 08:11:16

Location: New York, NY
URL: http://www.compliancesearch.com

Description:
Fixed Income Compliance Officer (Associate Director or Director Level) will be responsible for providing advice, training, monitoring and project management in support of the Fixed Income trading, sales and origination functions with specific emphasis in MBS ABS and other securitized products.

The individual will be expected to assist in the compliance coverage of multiple fixed income products with particular emphasis in MBS, ABS and other securitized products.

The candidate must be a team player and possess the skills necessary to build and maintain strong client relationships, to work proactively with the front office, business management, logistics partners and members of the Fixed Income Commodities and Currencies compliance team.

He/she will maintain, enhance and develop relevant compliance related policies and procedures, to identify and deliver relevant training in support of each covered business unit and be able to independently manage and complete complex projects.

Other responsibilities will include developing risk based exception reports and conducting product specific surveillance, keeping abreast of relevant regulatory developments, assessing the impact of proposed, new or amended rules and regulations and summarizing and communicating such to business and compliance management in a clear and concise manner. The individual will also be expected to be an active participant in relevant industry association committees and initiatives (e.g., SIFMA).

Three plus years of fixed income compliance experience or relevant product experience.

Series 7, 63 and 24 licenses a plus.

Please email resumes to Jack Kelly at jkelly@ComplianceSearch.com

Jack Kelly | Managing Director | The Compliance Search Group
Direct: 212 997 3166 I Email: jkelly@ComplianceSearch.com
1001 Avenue of the Americas 24th floor, New York, NY 10018
Website: www.ComplianceSearch.com and www.CompliancEX.com

Apply to this job

Structured Capital Markets Compliance Officer at The Compliance Search Group

2010-03-05 08:07:42

Location: New York
URL: http://www.compliancesearch.com

Description:

Structured Capital Markets Compliance Officer
New York

International investment bank seeks a Structured Capital Markets (SCM) Compliance Officer.

Main Duties
Provide support to Structured Capital Markets (SCM) to ensure compliance with applicable rules and regulations, specifically regarding broker-dealer and banking issues
Mitigate regulatory and reputational risk by providing ongoing advice regarding complicated multi-entity transactions
Organize and track multi-jurisdictional transaction activity to allow team to proactively manage risks
Interface with other Compliance teams to provide proper coverage depending on product area
Assist with creating supervisory infrastructure to help SCM managers better understand how to supervise their businesses, which may include surveillance development
Develop and implement written policies and procedures
Conduct training on relevant regulatory matters

General Requirements
5-10 years Compliance Department/SRO/Legal experience, specifically with a background in Equities, Derivatives, or Tax
Strong interpersonal and communication skills that will enable him/her to interact effectively with business and compliance personnel at all levels of the firm
Self-starter with strong organization skills
4-year Undergraduate Degree; advanced degree (MBA or JD) preferred
Series 7 and 24 a plus

To apply please submit your resume to Jack Kelly – JKelly@ComplianceSearch.com

Apply to this job

Senior Level Banking Compliance Officer at The Compliance Search Group

2010-03-05 07:58:29

Location: Boston, MA or Providence, RI
URL: http://www.compliancesearch.com

Description:

Our client, a global bank, seeks a Senior Level Banking Compliance Officer.

Responsibilities

Acting as second-in-command to the Chief Compliance Officer, oversee the compliance and supervision program. Responsible for all compliance/risk management activities including but not limited to sales, marketing, operations, finance and customer service to ensure compliance with all State (State Securities and State Insurance Divisions), Federal (FINRA, SEC and MSRB) and Bank (OCC, FRB) regulations.

Such responsibilities include the review and implementation of policies and procedures related to the FC, RSM, DOS, Branch and Department examination programs, enforcement and disciplinary issues, customer complaints, outside business activities, firm element continuing education, suitability review and all aspects of supervision (inclusive of email, correspondence, advertising, personal securities trading, adherence to policies, procedures and codes-of-ethics, etc.)

Qualifications:

10+ years broker/dealer experience (bank affiliated firm preferable)

10+ years in securities industry compliance position(s) (e.g. B/D, Mutual Fund, Investment Advisor, etc.)

5+ years in compliance management

Legal background a plus but not required

Thorough understanding of the rules, regulations and legal requirements of the SEC, FINRA and general state securities and insurance regulatory requirements

Proficiency and or direct experience with examination principles and practices for the securities industry

Knowledge of operational matters within a Retail B/D and Registered Investment Advisor

Able to support, present to and appropriately interact with all levels of Senior and Executive Management

Minimum BS in Business Administration (Finance, Economics) or related field or equivalent business experience

NASD Series 7 and 24 registration required (or equivalent regulatory registration) – Series 65/66 and 53 preferred but not required

To apply please submit your resume to Jack Kelly – JKelly@ComplianceSearch.com

Apply to this job