ED, Regional Compliance Officer (Northeast)

About the role

We're seeking someone to join our team as a Regional Compliance Officer in WM Field Compliance to engage directly with the Wealth Management Northeast Regional team.

Responsibilities

• Provide Compliance guidance and advice to Regional Management and Market management on Firm and regulatory policies and procedures;
• Participate in senior Compliance management meetings as well as meetings and coordination with senior business leaders in Wealth Management;
• Collaborate with Regional Management on high-risk matters identified within the Region (e.g., sales practice issues, conduct matters, outside business activities, and recruits);
• Engage with senior stakeholders in Field Management on various issues, including conduct-related matters, policy enhancements, and supervisory functions.
• Lead key projects and initiatives within Field Compliance, focusing on identifying areas for policy and/or supervisory improvement and recommending proposed improvements.
• Serve as the escalation point for Wealth Management Compliance teams on high-risk activities within the Region;
• Assist the Region and Market teams as well as other areas of the Legal and Compliance Division in coordination and escalation of matters to appropriate stakeholders;
• Assist with the development or enhancement of Firm policies and procedures, processes, reports, etc., to identify risks or potential supervisory gaps;
• Conduct targeted employee training and Field training virtually or in-person on key Compliance issues;
• Present to Regional and Market management on a regular basis related to key regulatory or policy updates.
• Provide trends and analysis, including reports, on metrics for Regional Management and Market Management teams on a regular basis to assist in the aiding of potential action plans.

Requirements

• A minimum of 10+ years work experience in a Senior Compliance or Risk role;
• A strong understanding of SEC and FINRA regulations, with a particular focus on sales practice and suitability concerns involving retail products in brokerage and advisory accounts;
• Extensive knowledge of various products, including, Futures, Annuities, Structured Investments, Alternative Investments, Exchange-Traded Products, Fixed Income, Equities, Options, Unit Investment Trusts, and Mutual Funds;
• A thorough understanding of conflicts of interest and business practices typically associated with a broker-dealer (e.g. gifts, non-cash compensation, outside business activities, trading, etc.);
• Ability to challenge the Business where there is a potential for regulatory or reputational risk;
• The ideal candidate will be proactive, have strong verbal and written communications skills, and the ability to prioritize and handle multiple tasks in a fast-paced environment;
• Ability to analyze data and identify and escalate key trends, patterns, and root causes;
• Evidence strong leadership capabilities or previous supervisory experience;
• Ability to work within a team and act independently;
• Relevant Wealth Management Business experience;
• Proven ability to interact with Financial Advisors and Branch staff in a professional and productive manner;
• Excellent judgment and the ability to be discreet in all matters;
• Bachelor's Degree required;
• Preference for FINRA SIE, Series 7, 9/10, 24, and/or 65/66