Compliance Division

Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Job Summary & Responsibilities

Private Wealth Management (“PWM”) Compliance is responsible for supervising the business to ensure compliance with regulations and firm policies as well as assist with the implementation of new regulations and new systems / processes. The team covers many of the businesses within PWM that are constantly growing and changing.  We are looking for a team member who wants to be part of growing the business in new dimensions –  someone who is equal part visionary and executor. At times, the role will require you to navigate and problem solve with multiple teams and stakeholders. We look to those who possess sound judgement, curiosity, and are able to adapt to a changing regulatory landscape.

As a contributor within PWM Compliance, a successful candidate will be responsible for supporting and organizing Compliance’s involvement in various projects and processes as well as being the key Compliance contact for certain working groups, business lines while developing subject matter expertise in regulations applicable to the business. Additionally, the role will involve working in collaboration with the broader compliance team in order to deliver high quality work products, reflecting attention to detail and analytical prowess.

 

PWM Compliance is seeking an experienced Associate to join our team based in Dallas or Salt Lake City.  In addition to the above, responsibilities may include:

Interacting with the Private Bank business on a daily basisHaving knowledge and understanding of different rules and regulations and how they impact the PWM business (e.g., SEC, FINRA, DOL)Reviewing marketing materials that are used to pitch PWM products and services to clientsManaging regulatory exams or audits related to the PWM IRA programDeveloping and implementing policies, procedures, trainings, and best practices for PWM 

Basic Qualifications:

Undergraduate degree required3-4 years of relevant experience preferableStrong knowledge of financial products Knowledge of US regulatory environment and SEC/FINRA regulations Proficiency with Microsoft Word, Excel, and PowerPointExcellent time management, analytical, and communication skillsIntegrity, motivation, intellectual curiosity, and enthusiasm

Preferred Qualifications:

Graduate degree in law, business, or other relevant programOutstanding graduate school and undergraduate credentialsAt least three years of relevant post-undergraduate work experience, or, if holding a Masters, PhD, MBA, JD or equivalent, one to two years of relevant experience

Skills and Characteristics:

An ideal candidate should:

Have the ability to quickly grasp complex concepts, including global business and regulatory mattersExercise strong judgement and decision-making in a collaborative consensus-driven environmentBe interested in and willing to develop expertise in legal, regulatory and compliance issues in the financial industryHave strong project management skills and ability to see a task to completionPossess excellent interpersonal skills - team player, able to forge relationships, build consensus, and influence decisionsWork well under pressure and have a positive, hands-on, “can do” attitude Be able to devise and implement creative and innovative solutionPossess strong analytical and risk assessment skills as well as concise verbal and written communication skillsBe a self-starter, with the ability to work effectively with minimal supervisionHave the ability to multi-task and adapt to new situations and a dynamic work environment