Broker/Dealer Compliance Officer

Siebert Williams Shank & Co., LLC ( SWS or the Firm ) (a FINRA-registered broker / dealer) is seeking to add a knowledgeable, driven, intellectually curious and experienced compliance professional to the team led by the Chief Compliance Officer.

The selected candidates will be responsible for supporting the firm’s overall compliance program including developing policies and procedures, communicating all regulatory changes to the taxable fixed income, municipal & equity securities sales & trading, public & corporate finance groups, and training, testing and assessments.

In addition, the selected candidates will assist with risk management, provide advice on and oversight of SWS’s compliance with US securities laws and regulations through critical thinking and proper application.

Are you the right applicant for this opportunity Find out by reading through the role overview below.

SWS is a full-service investment banking and financial services company dual-headquartered in New York and Oakland. SWS is a perennial leader as a co-manager of investment-grade corporate debt, a national leader in public finance investment banking, a named dealer on more than 50 commercial paper programs, and a seasoned and successful share repurchase agent.

All activities are supported by a robust secondary sales and trading platform, and a sound regulatory capital base. We are a SEC-registered securities broker-dealer and member of the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB).

Essential Duties and Responsibilities

• Support compliance efforts related to supervisory oversight, training, e-mail surveillance, branch office exams, FINRA licensing and registrations, anti-money laundering supervision, and advertising.
• Work with senior management, Legal, Compliance, HR, Marketing, registered representatives, and other key constituencies to train, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations.
• Monitor the effectiveness of established compliance processes and controls across all business lines and recommend and implement enhancements;

work in conjunction with department managers to update the Firm's Written Supervisory Procedures (WSPs) based on new rules and regulations and / or process enhancements and communicate such changes simply and efficiently to affected business units in order to minimize bureaucracy and process burden.

• Provide compliance support for the Municipal Securities Division, with a focus on the Public Finance underwriting business.
• Provide advice on MSRB, FINRA, and SEC rules, regulations and interpretive guidance, as well as applicable internal policies and procedures.
• Review and approve political contribution requests, sponsorship requests, bond ballot contributions, and quarterly MSRB G-37 filing.
• Demonstrate ability to effectively review and analyze complex situations and apply judgment to resolve issues in a timely manner with minimal supervision.
• Proficient in time management and able to initiate and manage projects.
• Manage KYC process on new customers, enforce accurate review of OFAC searches.
• Assist with managing regulatory exams, investigations and inquiries conducted by FINRA, SEC and state regulators coordinating with regulators, auditors, compliance personnel and each business unit management.
• Continually assess the inherent risk of business units as well as the effectiveness of mitigating controls to minimize the residual risk of reputational damage, regulatory consequences and other operational risk.
• Assist with the supervision of sales related activities.
• Integrate industry benchmarking and best practices through ongoing research, education, and industry affiliations.
• Develop and conduct compliance training ensuring courses are compatible with regulations.

Qualifications

• Bachelor's Degree or equivalent work experience.
• Series 7, 24, 14, 52, 53 required; other regulatory licenses desired.
• At least 7 years working for a broker-dealer, with at least 5 years of compliance experience.
• Experience with fixed income products (notably municipal, corporate, government, and agency bonds) and equity securities required to determine appropriate control points where one might mediate to manage compliance and effective internal controls.
• Robust knowledge of and experience with FINRA, MSRB and SEC rules.
• Experience coordinating broker-dealer regulatory exams and responses.

Bonus Points if you :

• Have either been a CCO or the number two compliance professional for a SEC registered and FINRA member broker-dealer.
• Have Operations experience including but not limited to TRACE, RTRS, CAT / CAIS reporting.
• Possess a genuine love for compliance.

We are Committed to Fair Pay. At SWS, we are committed to fair, transparent pay and strive to provide competitive, market-informed compensation.

The target total fixed compensation range for this position is $150,000 - $200,000. Compensation for the successful candidate will be determined by the candidate’s particular combination of knowledge, skills, competencies and experience.

This position is also eligible for a discretionary bonus.

SWS empowers talented and highly motivated individuals to thrive independently and collectively. We offer a competitive compensation package, an inclusive working environment and exceptional employee benefits.

Our benefit program is designed to provide employees and their dependents with support in maintaining health and financial protection.

Siebert Williams Shank & Co., LLC is an Equal Opportunity Employer : EOE / M / F / V / D committed to a diverse workforce.

We welcome and value the people and concepts that move our firm, our industry, and our communities forward. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age or any other characteristic protected by law.

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