Senior Compliance Advisor Manager - Investing: Trading Compliance

Employer
Capital One
Location
McLean, Virginia
Posted
Jun 10, 2021
Closes
Jul 10, 2021
Ref
R111998
Function
Finance
Hours
Full Time
Center 2 (19050), United States of America, McLean, Virginia

Senior Compliance Advisor Manager - Investing: Trading Compliance

Senior Compliance Advisor Manager - Investing: Trading Compliance

The Senior Compliance Advisor Manager - Investing: Trading Compliance performs a key risk management role to help ensure that all trading, asset allocations, and portfolio management ("trading/investment management") for and in support of registered investment advisor (RIA) activities comply with applicable laws and regulations. While working within the compliance management program framework, the Senior Compliance Advisor Manager - Investing: Trading Compliance is responsible for implementing and managing a robust trading/investment management compliance program as a subject matter expert in all applicable RIA trading, asset allocation, and portfolio management rules and regulations. This associate will be responsible for delivering quality results, working with the investments line of business to develop effective and efficient process flows for compliance oversight of the trade reviews, providing timely and accurate compliance advice, and ultimately providing Compliance challenge to ensure a robust trading/investment management program.

The Compliance Advisor Manager - Investing: Trading Compliance role supports the investing business lines generally and with specific attention to trading and investing compliance:
  • Reviewing, effectively challenging and providing compliance review for all technical aspects of trading, asset allocation, and portfolio management related to the investment adviser and in compliance with SEC, DOL, OCC, and other regulatory requirements and expectations.
  • Providing input on investing business regulatory requirements and their applicability to business products and services;
  • Providing guidance on business policies, standards, and procedures;
  • Conducting targeted training on policies and regulatory rule requirements, as appropriate;
  • Providing compliance advice on investing-related projects and initiatives;
  • Providing guidance on control design and implementation for investing regulatory requirements and business line monitoring of those controls; and
  • Assist in creating and performing targeted tests on business line controls and provide guidance on identified exposures and risks.


Responsibilities:
  • Proficient knowledge of trading rules and regulations including but not limited to best execution, valuations, allocations, manipulative trading practices, errors, ERISA, suitability (Reg BI), and other rules and regulations pursuant to SEC and DOL and to the extent OCC heightened standards and asset management expectations apply to the Investment Adviser for Retail Nondeposit Investment Products (RNIP) applies due to UI being owned by a bank holding company.
  • Implement and manage compliance reviews of trading and investment management processes including but not limited to creating and managing a compliance trade surveillance program.
  • Ability to implement any new or revised marketing rules and/or notices issued by the SEC or other applicable regulatory bodies.
  • Assist in providing end-to-end compliance oversight including developing and maintaining effective controls designed to monitor the effectiveness of the RIA compliance program
  • Ensure and support the review of the compliance management program and procedures and implement necessary remediation for any identified deficiencies
  • Maintain in-depth knowledge of the business and its activities to ensure adequate compliance oversight and resources; advise the business on emerging compliance issues
  • Review complaints generated from investing business lines and provide guidance on remediation; escalate and facilitate with subject matter experts, when necessary
  • Identify trends in monitoring and supervision data and advise on identified emerging risks
  • Maintain expert understanding of and subject matter expertise related to applicable federal and state investing laws and regulations, including managing an RIA compliance program within a Financial Institution or Bank
  • Evaluate Internal Audit, Regulatory Exam, and self identified issues and events for compliance impacts
  • Advise investing business lines on application of compliance requirements, such as: new products, process development, development of controls and monitoring, remediation/corrective action of compliance breakdowns, and change in law or regulation
  • Assist investing business lines in the development, oversight, and maintenance of the compliance management program
  • Conduct targeted validations and reviews of controls covering applicable laws and regulations
  • Identify and respond to ongoing regulatory changes, ensure implementation of required policies and procedures and appropriate operational and compliance oversight
  • Active involvement with compliance testing and third party compliance
  • Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate compliance risk management
  • Participate in reporting activities, such as: regulatory changes, new product risk assessments, and other reports used by Senior Leadership
  • Maintain and update the investment advisor compliance manual and assist in annual and periodic review of written supervisory procedures


Basic Qualifications:
  • Bachelor's Degree or Military experience
  • At least 5 years of compliance experience with a Securities Regulator (FINRA/SEC) or at least 5 years experience working for an SEC regulated RIA in the following: Compliance, Legal or Operations.


Preferred Qualifications:
  • Master's Degree
  • At least 7 years of supervision experience with a Securities Regulator (FINRA/SEC) or at least 7 years experience working for an SEC regulated RIA in the following: Compliance, Legal or Operations.
  • Experience managing an RIA compliance program within an OCC or Federally regulated Financial Institution
  • Series 65/66 licenses


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

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