Job
Description
Compliance - PWM Compliance - Associate Role Overview This role is for an Associate within the Private Wealth Management (PWM) Compliance team. While the specific responsibilities and qualifications will depend on the exact focus within PWM Compliance (e.g., regulatory advisory, surveillance, training, policy development), the core function will revolve around ensuring adherence to regulatory requirements and internal policies for the firm's private wealth management activities. Potential Responsibilities (Illustrative, based on common Compliance Associate roles) Provide regulatory advice : Research and interpret relevant rules and regulations (e.g., SEC, FINRA, MSRB, state securities laws) applicable to private wealth management products and services. Conduct surveillance and monitoring : Review client activity, communications, and transactions for potential compliance breaches, market abuse, or other suspicious behavior. Develop and update policies and procedures : Assist in drafting, reviewing, and implementing compliance policies and procedures to ensure they are current and reflect regulatory changes. Support regulatory inquiries and examinations : Assist in gathering information, responding to requests, and coordinating with regulators during examinations or inquiries. Conduct training : Develop and deliver compliance training sessions to PWM employees on various regulatory topics and firm policies. Perform risk assessments : Assist in identifying and assessing compliance risks inherent in PWM business activities and recommend mitigating controls. Manage compliance projects : Participate in or lead projects related to new regulations, system enhancements, or process improvements within Compliance. Review marketing materials : Ensure client-facing communications and marketing materials comply with regulatory guidelines and internal standards. Maintain accurate records : Ensure proper documentation and record-keeping for all compliance activities. Collaborate with internal stakeholders : Work closely with business units, legal, risk management, and other control functions to provide compliance guidance and ensure a strong control environment. Potential Qualifications (Illustrative, based on common Compliance Associate roles) Educational Background : Bachelor's degree required, preferably in Finance, Economics, Business Administration, Law, or a related field. Advanced degree (e.g., JD, MBA) or relevant certifications (e.g., Series 7, Series 24, CAMS) may be preferred or required. Experience : 2-5 years of experience in a compliance, legal, risk management, or operations role within the financial services industry, specifically with exposure to wealth management, brokerage, or investment advisory services. Experience with regulatory bodies (e.g., SEC, FINRA) and their rules. Familiarity with private banking products, services, and client types. Skills : Strong Analytical Skills : Ability to analyze complex regulatory texts, identify key requirements, and apply them to business operations. Excellent Communication Skills : Both written and verbal, with the ability to articulate complex compliance concepts clearly and concisely to diverse audiences. Attention to Detail : Meticulous approach to reviewing documents, transactions, and data. Problem-Solving Abilities : Capacity to identify issues, propose solutions, and work collaboratively to resolve them. Interpersonal Skills : Ability to build strong relationships and work effectively with various internal departments and external parties. Organizational Skills : Strong ability to manage multiple tasks, prioritize effectively, and meet deadlines in a fast-paced environment. Technical Proficiency : Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and potentially compliance-related software or databases. Proactive and Self-Motivated : Ability to work independently and take initiative.
