Business Line Compliance Officer

Description

Performance Trust Capital Partners is seeking a VP for our Business Line Compliance team. We are pursuing candidates with strong analytical aptitude as well as ability to issue spot and problem-solve to support the Business Line Compliance team, which provides regulatory guidance and support to the firm’s client facing Business Lines (Equities & FI Sales, Trading, Capital Markets, and Investment Banking). This is an opportunity to work closely with the firm’s client facing business lines, including senior management; senior advisory compliance officers, including the BL Deputy CCO; and many other departments, including Legal, Operations, IT, Marketing, and Insights/Analytics. 

Responsibilities & Duties

• Align with the Business Line Compliance Deputy and/or senior FI & Equities Compliance Officers to ensure implementation and daily oversight of the sales practice components of the Firm’s compliance program across Equities and Fixed Income business lines. 
• Advise business areas on firm policies and procedures and applicable securities laws and regulations. 
• Provide advice on regulatory and compliance requirements to business unit management and staff so that they may conduct their business in accordance with regulatory requirements. 
• Act as a strategic partner to business management and other departments in support of both the existing processes and creation of new processes solving for both business risk and regulatory compliance needs.
• Support the development, implementation, maintenance, and continuous enhancement of programs designed to provide effective regulatory compliance risk management and oversight of all client facing business lines.
• Provide daily advisory support for covered business lines (and back up advisory capacity for others). The delegated coverage areas will be dependent on the background/experience of employee.
• Provide real time policy guidance and create/provide education to the business with respect to client facing businesses including Investment Banking, Capital Markets, and Sales/Trading products/transactions.
• Ensure that sales, trading, and/or investment banking activity is aligned with and monitored in accordance with guiding regulatory requirements and industry best practices. 
• Monitor and/or oversee review of Equities/FI sales and trading activity (including but not limited to FINRA TRACE, MSRB, CATS, CAIS and TRF reporting) to ensure alignment with regulatory requirements and firm policy.
• Perform or oversee/act as the touch point for market manipulation surveillance scenario reviews.
• Lead and/or participate in project work focused on building out processes and other controls necessary for compliance with relevant transactional rules and regulations.
• Develop, revise, and implement policies and procedures to ensure compliance with applicable laws and regulations and effective management and oversight of all regulatory compliance client facing activities including desktop procedures, compliance manual sections, and written supervisory procedures. 
• Monitor & track supervisory oversight and help Deputy CCO BL build and amend as necessary all relevant BL checklists, responsibilities, and reviews.
• Assist CCO and Deputy CCO with regulatory exams and inquiries.

Requirements

• Well versed in regulations, industry standards, and best practices, preferably in relation to a broker dealer who operates with institutional clients. 
• Applicable experience/strong understanding of equities/fixed income securities and institutional clients. 
• Possess a general understanding of the current regulatory environment and financial markets and/or securities regulation and rules.
• Excellent communication (verbal and written), drafting, and proofreading skills. 
• Possess strong analytical aptitude as well as ability to issue spot and problem-solve.   
• Experience/comfort interfacing with client facing business lines (including senior/supervisory personnel) and collaborating with other support departments.   Strong analytical and critical thinking skills with the ability to exercise sound judgment in the development and selection of compliance solutions.    
• Detail-oriented with ability to multitask, organize and prioritize.   
• Ability to work as a member of a team in a high-pressure, fast-paced environment, and deliver timely responses/results.   
• Proactive and willing to take on issues/responsibilities that require focus and determination.
• Strong collaborative skills and experience leading/working on building compliance programs and/or regulatory controls with other departments.
• Able to work independently with limited supervision. 
• Proactive and willing to engage/initiate conversations & share ideas.

Qualifications

• Bachelor’s Degree
• 7+ yrs in compliance/legal (or a related field) at a financial institution (Broker-Dealer, RIA etc.) or regulator
• FINRA SIE, Series 7 and 24 registrations (or ability to obtain within 120 days of start date) required