Compliance Officer S24/Temp

Responsibilities

• Approve new customer accounts including KYC supervision and CIP process.
• Approve outgoing money movements.
• Conduct regular monitoring of securities and money transactions (incoming wires) and complete appropriate review when dealing with third party transfers.
• Participate in investigations of unusual activities and file SARs with FinCEN, when and if applicable.
• Participate in regular, annual and ad-hoc testing/monitoring/and adjustment of policies, procedures, and processes for surveillance and monitoring tasks for the broker dealer and investment adviser.
• Review of alerts generated to monitor sales practices and AML issues.
• Review of electronic communications via Global Relay and Smarsh.
• Review of outside brokerage accounts.
• Periodic review of accounts categorized as high risk and PEP/ PEP related.
• Review of advisory accounts to assess accuracy of fees and overall portfolio.
• Review of Reg BI explanations provided by sales personnel when recommending an investment product/ strategy.
• Assist in the review of marketing letter.
• Assist in Form ADV Updates, Form CRS, and other disclosures.
• Assist in the planning, implementation and follow up of annual training.
• Assist in the review of annual compliance questionnaires and any disclosures collected from associates.
• Review and ongoing review of outside business activities.
• Stay abreast of changes in regulatory environment providing guidance and advice to management including RegBI.
• Assess risks and proactively propose solutions.
• Monitor firm’s TRACE, CAT and CAIS reporting.
• Assist in various other compliance needs and tasks as necessary.
• Supervise outside business activity.
• Perform initial due diligence and approve registered personnel.

Qualifications

• 5+ years of experience in AML / Compliance for a broker-dealer.
• Training in BSA/AML and OFAC Compliance or equivalent.
• Strong working knowledge of FINRA and SEC rules.
• Expertise with financial products of a broker dealer.
• Series 7, 66 and 24; can pass 66 within six months of hire.
• Bachelor’s degree.
• Fluency in English and Spanish.
• Plus: Experience with Pershing platform.