Manager, Custody Compliance

Job Description

Job Summary

Under intermittent supervision, uses extensive knowledge and skills obtained through education and experience in securities and/or the banking industry to serve as a compliance partner for the RIA & Custody Services (“RCS”) business line, which includes the provision of custody and clearing services to independent registered investment advisers (“RIAs”) and introducing broker/dealers. This includes but is not limited to providing regulatory and policy-driven guidance and consultation to business partners, aiding in the design and implementation of a comprehensive compliance program, and surfacing information to support risk-based decision-making regarding custody and clearing compliance. This role may represent Compliance on large-scale projects and initiatives which carry significant business impact.

Essential Duties And Responsibilities

• Fosters positive and collaborative business relationships with department associates and business partners.
• Conducts on-boarding related due diligence of RIAs and independent broker/dealers.
• Conducts second line surveillance of various custody and clearing functions to ensure compliance with applicable policies, procedures, rules, and regulations.
• May oversee compliance exception reporting processes and take appropriate action, as required.
• Performs investigations on an ad hoc basis.
• Based on key risk factors, aids in determining appropriate steps to improve controls and oversight.
• Crafts procedures guides related to coverage areas.
• As necessary, makes presentations to leadership on various topics including project status updates.
• Conducts and documents risk-based reviews of various third-party suppliers/vendors which may be utilized within the business.
• Represents Compliance in large-scale projects and initiatives which impact various aspects of the business.
• Stays current on regulatory changes, industry trends, and best practices which may impact the business.
• Performs other duties and responsibilities as assigned.
  
  

Knowledge Of

Knowledge, Skills, and Abilities

• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
• Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies; and/or Federal Deposit Insurance Corporation (FDIC); Office of the Comptroller of the Currency (OCC); Federal Financial Institutions Examination Council (FFIEC); Office of Thrift Supervision (OTS); Federal Reserve System; and state banking regulatory agencies.
• 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

• Overseeing compliance programs.
• 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

• Provide training, coaching, and mentoring for others.
• 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 recommend compliance 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.
  
  

Education

Bachelor’s

Work Experience

General Experience - 6 to 10 years

Certifications

Other License Not Listed - Other

Salary Range

$100,000.00-$115000.00

Travel

Less than 25%

Workstyle

Remote

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.