The Institutional Regulatory Analyst will assist in providing regulatory oversight of Investment Banking Associates. Performs supervision and provides regulatory support/guidance to Associates to ensure compliance with Firm policies. Works with management to assesses business risk tolerance, both day-to-day operations and longer term future development. Ensures that controls, systems, and procedures are established and operational to minimize risks to the business unit.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Assesses risks to the business and ensures that controls and systems are updated to address any changes in the risk tolerance as it relates to the Investment Banking business unit.
- Works with senior management and Compliance to implement procedures designed to appropriately on-board associates so that they are able to function within the business unit while adhering to the existing regulatory framework governing Investment Banking
- As directed, will implement timely regulatory programs to monitor the business unit.
- Conducts supervisory reviews as outlined in the written supervisory procedures, communicating findings to management and recommending resolutions.
- May review required requests by Associates seeking approvals for outside accounts, outside investments, outside business interests, and client related gift requests
- Will assist in reviewing and approving Associates' personal trading requests to maintain adherence to policy and prevent conflicts of interest
- Monitors personal internal/external brokerage account statements and confirmations as well as related exception reports for conflicts, improprieties, and other issues.
- Assists and provides support to Associates regarding policy manual updates and regulatory inquiries/exams.
- Assists with managing the business unit's record retention policy
- Will assist with reviewing and approving IB marketing collateral, ensuring that that content and distribution is consistent with SEC rules and departmental policy
- As directed, reviews Associates' business related electronic correspondence
- Keeps current on all industry issues through continuing education. Works with management to review and consider the risk implications, systems and controls necessary for changes in the business. Works with IT/Vendors/Associates regarding rule changes that require system changes or enhancements.
- Travel as required (<25%).</li>
- Bachelor's degree or equivalent education and work experience required.
- 1-3 years financial industry experience or regulatory compliance experience, preferably in Investment Banking required.
- Series 63, 79, and 24 required within first 3 months
- Solid knowledge of all applicable regulations. Must have a thorough background of financial services industry rules and regulations as well industry procedures.