Compliance Director, Registered Products

Job Description Summary

Uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification in securities industry compliance to design, implement and supervise a comprehensive compliance and surveillance program. Provides compliance support and strategic guidance on a complex ’40 Act registered product platform that includes Mutual Funds, ETFs, CITs, and alternative products such as Interval and Tender Offer Funds. Leads major projects, programs, or processes with significant business impact. Influences strategic direction and develops tactical plans and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Maintains extensive contact with customers and regulatory to identify, research, analyze and resolve complex issues.

Job Description

Essential Duties and Responsibilities

• Supports the development, implementation, and oversight of compliance policies, procedures, and testing programs in accordance with Rules 38a-1.

• Assists in preparation and distribution of board and committee materials for the Funds’ independent Board of Trustees.

• Partners with Legal, Risk and Compliance colleagues to manage corrective action plans and ensure regulatory compliance across all business functions.

• Perform reviews of Service Providers and Advisor investment guideline reporting.

• Minimizes the firm’s risk exposure while balancing business concerns.

• Maintains the required compliance systems for the firm while fostering positive business relationships with department associates and branch associates/affiliates.

• Stays abreast of ‘40 Act regulatory matters and assist with exam preparedness efforts.

• Serves as the primary liaison between the organization and industry regulators by responding to inquiries, audits, complaints, and investigations.

• May serve as a liaison between the organization and industry committees such as SIA, FSI, and the FINRA.

• Reviews compliance and risk management controls and recommends appropriate changes, as required.

• Coordinates the preparation and submission of regulatory filings and maintains required compliance documents.

• Serves as expert on compliance issues by maintaining proficient knowledge of applicable compliance statutory regulations and interpretations.

• May oversee compliance exception reporting processes and take appropriate action, as required.

• May draft and update written supervisory procedure manuals required by the SEC, if applicable.

• Continually evaluates department structure and strategic plan, considering future growth as needed. Promotes overall efficiency while maintaining a commitment to compliance standards and excellent service.

• Ensures processes and procedures support efficient and timely workflow.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Advanced Knowledge of:

• Experience and understanding of ’40 Act regulatory landscape, examinations and areas of enforcement priorities.

• Experience and understanding of SEC Investment Company and Investment Advisers Act Rules.

• Concepts, practices, and procedures of securities industry compliance.

• Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies.

• Understanding of U.S. investment/securities products, operations, and regulatory frameworks

• Financial markets and products.

• Investment concepts, practices and procedures used in the securities industry.

Advanced skill in:

• Administering regulatory notifications and filings.

• Planning and scheduling work to meet regulatory organizational and regulatory requirements.

• Investigating compliances issues and irregularities.

• Making rule-based and analytical decisions.

• Identifying and applying appropriate compliance monitoring procedures and tests.

• Written and verbal communications skills sufficient to professionally address a wide and varied audience both internally and externally.

• Preparing oral and/or written reports. 

• Project management skills and experience sufficient to successfully complete long and short-term projects.

• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, spreadsheets, and databases.

Ability to:

• Work under pressure on multiple tasks concurrently, manage those delegated; and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

• Attend to detail while maintaining a big picture orientation.

• Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels to accomplish objectives.

• Establish and communicate clear directions and priorities.

• Gather information, identify linkages and trends, and apply findings to operations.

• Maintain currency in laws, rules and regulations related to compliance in assigned functional area (s).

• Work independently as well as collaboratively within a team environment to resolve problem.

Educational/Previous Experience Requirements

• Bachelor’s Degree (B.A./B.S.) in a related discipline required with a Master’s degree preferred.  Minimum of ten (10) years of Compliance, Legal, Banking and/or regulatory experience in the financial services industry.

• Minimum five (5) years management experience within the financial services industry.

~or~

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• None Required.

• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.

Education

Work Experience

Certifications

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

 Grow professionally and inspire others to do the sameWork with and through others to achieve desired outcomes

 Make prompt, pragmatic choices and act with the client in mindTake ownership and hold themselves and others accountable for delivering results that matter

 Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. #LI-AF1