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Compliance Analyst

Company: Grove Point Financial
Location: Rockville
Posted on: January 10, 2022

Job Description:

The Compliance Analyst will assist the firm in mitigating certain risk conditions associated with client accounts and financial advisor activities. This position is responsible for conducting the firm's designated surveillance responsibilities. This position assists in the firm's regulatory obligations by providing oversight and testing of the day-to-day Broker/Dealer and Registered Investment Advisor operations to identify and resolve compliance deficiencies, thereby enabling the firm to achieve high levels of compliance with industry regulations and firm policies.

Essential Functions As Assigned

  • Conduct compliance testing under Rule 206(4)-7 and 3120, as assigned
  • Assist in reviews of financial plans, retirement plans and ORIA activity
  • Review, approve and track reported Personal Brokerage Accounts, holdings and statements.
  • Process RR requests for sponsor marketing reimbursements.
  • Review Sponsor Due Diligence Event requests for approval.
  • Review flagged exceptions and perform required follow-up.
  • Review identified transactions for patterns of potentially problematic trading practices and escalate potential issues.
  • Identify and resolve compliance violations and internal referrals and recommend disciplinary action when appropriate.
  • Conduct assigned testing and control processes as assigned.
  • Provide compliance support and guidance to all departments of the firm, field representatives and branch office staff. Escalate inquiries and concerns when necessary, to department management.
  • Cross train and provide backup to other compliance department staff as needed to meet department objectives.
  • Create, maintain and follow department standard operating procedures. Identify deficiencies in department and firm policies and procedures.
  • Ensure a high-level of customer service is provided through phone and email interactions and providing prompt responses to both external and internal inquiries.
  • Assist in completing document requests from FINRA, SEC, state securities boards, as well as internal auditors or legal department.
  • Assist with Firm filings when needed such as ADV, ADV Part 2B or others as assigned.
  • Assist with any other functions or projects as assigned.

    Knowledge, Skills And Abilities
    • Strong analytical and organizational skills.
    • Ability to communicate compliance decisions confidently and tactfully.
    • Ability to use sound judgment when interpreting regulatory guidance and applying it to reviews.
    • Ability to handle numerous tasks at one time with accuracy and detail.
    • Strong written and verbal communication skills.
    • Work individually or as a team, meet all assigned deadlines.

      Requirements
      • Bachelor's degree or a combination of work experience/education.
      • Two or more years of related work experience in a securities firm, financial services organization, legal, regulatory, compliance or similar role.
      • Basic computer skills, including spreadsheet, database and work processing and Micro Software

        Licenses and Certifications
        • FINRA Series 7 & 24 desired or required within 120 days of hire.
        • FINRA Series 66 or 65/63 preferred.
        • FINRA Series 4, Series 53, and Life insurance license a plus.

          Work Environment

          The work environment is a standard office setting with fluorescent lighting. When on site, the employee is required to work in either a cubicle or office within a quiet or moderate noise level.

          Physical Demands

          Must have mobility to attend meetings with other team members and be able to travel if necessary. Employee may be required to lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. While performing the duties of this job, the employee is regularly required to sit; finger dexterity is required for computer use.

          The above position description is not intended to be an all-inclusive list of duties and standards of the position. Other instructions and related duties may be assigned by their manager.

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Keywords: Grove Point Financial, Rockville , Compliance Analyst, Professions , Rockville, Maryland

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