Broker Dealer Chief Compliance Officer
Business Unit:Compliance, Risk and Internal Audit
The Broker Dealer Chief Compliance Officer (CCO) will assume primary responsibility for assuring broker-dealer compliance with SEC, FINRA, and state rules/regulations as well as all other federal statutes and trends. The CCO will work in conjunction with the affiliated registered investment advisor’s compliance team. The CCO will evaluate business risk in accordance with policies, goals, and objectives established by the organization. The CCO is also accountable for the design and execution of the compliance program for the broker/dealer and assures that legal and regulatory compliance is maintained at the highest possible level.
Base Salary Range: $190,000 to $225,000
Specific compensation will be based on the candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and well-being programs.
Your Core Responsibilities
Help design and implement the broker dealer compliance program, help educate and train firm personnel, and work in tandem with senior business management and legal departments to foster compliance with regulatory requirements.
Develop and maintain all relevant Policies and Procedures based upon regulatory requirements, industry practices and established internal controls, including client onboarding, AML, KYC, insider and personal account handling disclosures.
Perform all daily, weekly, monthly and quarterly compliance reviews (including securities transaction reviews).
Oversee trade related compliance activities, including the reporting for fixed-income and equity securities, attend best execution committee meetings, and raise compliance concerns to the Global Chief Compliance Officer
Develop and implement necessary risk assessment reviews including internal audits and automated surveillance/monitoring programs to review the firm's activities to remain in compliance with all aspects of industry standards
Implement and maintain the mandated Anti-Money Laundering program covering the Broker/Dealer activities.
Provide Compliance approval of all new accounts regarding “Know Your Customer” and the firm’s Customer Identification Procedures.
Provide advice and training to firm’s management and employees regarding applicable securities rules, regulations and firm policies.
Demonstrate excellent communication skills, both oral and written. Should have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents. Must be able to correspond with all regulators and auditors.
Responding to regulatory inquiries, examinations, internal audits, and other reviews.
Reviewing and contributing to due diligence on products and programs.
Partnering with the legal and regulatory team to proactively analyze and manage changes to regulatory requirements.
Effectively consulting with financial advisory practices at all levels of the organization
Work as liaison to firm’s management and legal counsel to ensure appropriate support if needed for any and all litigation, arbitration, and all other regulatory matters involving the firm's Broker Dealer activities.
Demonstrate ability to effectively analyze situations, absorb large amounts of information and apply past experience and judgment to resolve issues in a timely manner
Develop implement and monitor supervisory policies and procedures relating to sales, trading, operations, custody and placement of applicable securities
Bachelor’s Degree or Higher Required, J.D. a plus
Current Series 7 and 24 qualifications required
Series 53 desired within the first 12-14 months
Minimum of 7-10 years’ experience in securities compliance and/or legal experience in securities compliance, emphasis on sales and sales trading, institutional, retail, fixed-income, and options
Strong attention to detail and extreme organization is vital for this position
Fluent with all current FINRA issues and concerns
Working knowledge of FINRA, SEC, and State Securities rules and regulations
Results-oriented with the ability to effectively resolve/manage problems and competing priorities
The ability to build trust with others through commitment to the highest ethical and professional standards
Demonstrated record of confident leadership, sound judgment, creativity and commitment to achieving excellence
Inspires others; Skilled at getting individuals and teams to perform at a higher level and to embrace change; negotiates skillfully to achieve a fair outcome or promote a common cause; communicates a compelling vision and is committed to what needs to be done
Flexibility to adapt to changing priorities, and the ability to successfully multi-task
Bandwidth, energy and passion to support a global organization across multiple geographies
Excellence in communication skills and organizational savvy
An ability to develop strong interpersonal relationships at all levels both within and outside the firm, characterized by mutual respect, openness, and trust
A self-starter, self motivated, self disciplined, self assured, and performance driven
Excellent analytical and strategic skills. Good business judgment and problem solving skills
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.