CM (Capital Markets) Legal/Compliance/New Products (NY)
Officer
DESCRIPTION: 1) Personal Account Dealing a) Participate in the review of
monthly/quarterly employee accounts statements for appropriateness
exercise independent judgment as related to the activity and escalate issue
and violation of policy to the CCO b) Coordinate with NY Branch and CM
Group Compliance c) Respond to employee and management inquiries regarding
information barriers and related firm policy and procedures. 2) Develop
and implement training for CM Group and SI Staff including BSA/AML and
Regulatory Firm Element required training. 3) Responsible for licensing
and registration function for employees. Maintain various related
tracking logs. Serve as Administrator for FINRAs WebCRD System. 4)
Compliance Testing and Monitoring Program. Responsible for assigned
Compliance Surveillance Reviews and testing covering applicable Federal
Reserve Banking regulations as well as Broker Dealer Rules (FINRA and SEC)
(e.g., telephone recording review, email surveillance, Reg L
certifications, AML/BSA, etc. 5) Assist with the development and
implementation of standardized global Compliance Manual covering CM Group
based in NY, LN, and HK. Create/enhance Compliance Policies and Desk
procedures for CM Group and SI. 6) Provide advice to management and
staff on regulatory and internal compliance issues and procedures. 7)
Sanctions/Terrorist Checking, (Secondary Responsibility);
Act as back-up point of contact and coordinate SMBC CM Group and SI’s
sanctions and terrorist checking within the framework
Coordinate search of all the relevant client
databases/systems/spreadsheets for any potential matches for our
client-base
Notify management of significant changes to client
databases/systems/spreadsheets
Where a match(es) is identified, provide CCO with further information
(where available) regarding the client and its transactions.
8) Assist in the preparation internal and external reporting requirements
included: to Head Office, the Regional Compliance Officer (CCO, NA),
FINRA, Fed and State. 9) Assist with preparing documentation and
responding to regulatory examinations and internal Audit reviews. 10)
Special projects as assigned by Dept. Head and Manager.
EXPERIENCE: 2-5 years of General Compliance experience with knowledge of
Federal Reserve Banking and Broker Dealer Rules and Regulations.
SKILLS: Strong verbal and written communication skills. Ability to work
independently as well as part of a team. Fast learner and ability to apply
new skills effectively. Ability to multitask and prioritize multiple
projects. College level degree and Series 7 preferred.
The candidate should have a working understanding of Anti-Money Laundering
and Bank Secrecy Act requirements including account opening and client due
diligence procedures. The candidate should understand the compliance
requirements of broker-dealers and how to develop and implement an
effective compliance program that will accomplish several objectives
including:
Maintaining and developing effective compliance policies and
procedures to prevent violations of rules or laws in effect by
federal or state agencies and SRO’s
Perform surveillance reviews to detect compliance issues as they
occur
Enforce actions that immediately correct compliance issues.
This position will be located in the New York Office.
Compensation: 60k plus bonus and benefits
Principals only. Recruiters, please dont contact this job poster.
Please, no phone calls about this job!
Please do not contact job poster about other services, products or commercial interests.
