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Broker Dealer Chief Compliance Officer

Russell Investments

Russell Investments

Legal
Multiple locations
Posted on Friday, September 1, 2023

Business Unit:

Compliance, Risk and Internal Audit


Job Description:

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

Your Expertise

  • 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

Attributes

  • 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.