D.A. Davidson
Senior Compliance Officer, Operations, IT & Finance
D.A. Davidson, Minneapolis, Minnesota, United States, 55400
Overview
D.A. Davidson & Co. is a leading financial services firm providing wealth management, financial planning, investment banking, and public finance services to a client base that includes individuals, corporations, institutional clients, and governments. The firm has operations across the United States. We are seeking a Senior Compliance Officer experienced in broker-dealer compliance functions that support the Operations, Finance, and Information Technology departments. Responsibilities
Coordinate regulatory examinations and inquiries that relate to Operations, IT, and Finance. Communicate confidently and effectively with examiners, address issues that arise, track open items during an exam, and work with the responsible department manager to develop action plans addressing any exceptions or examiner recommendations. Experience establishing and maintaining dialogue and negotiating deliverables with regulators is preferred. Develop and maintain strong relationships with managers within the Operations, IT, and Finance departments. Regularly participate in meetings and provide a regulatory perspective on trends and items under regulatory scrutiny. Understand new and existing FINRA, SEC, MSRB, and state rules and regulations pertinent to Operations, IT, and Finance. Collaborate with those groups to ensure compliance and serve as a resource and advisor to help them understand regulatory importance and risk of non-compliance. Coordinate updates to Written Supervisory Procedures that impact the Operations, IT, and Finance departments as new rules become effective or clarifications are made. Develop and implement periodic monitoring and testing of functions in the Operations, Finance, and IT departments in support of FINRA Rule 3120 and 3130, and Investment Adviser’s Act Rule 206(4)-7 testing and reporting programs. Develop annual Compliance training for Operations, IT, and Finance personnel covering regulatory focus items, new or modified rules from FINRA, the SEC or the MSRB, and reminders of firm policies. Coordinate periodic Operations reviews/reports including: annual Designated Third Party Review with the industry partner to ensure books and records comply with SEC Rule 17a-4; updates to the Client Annual Disclosure Statement; confirmation statement testing; and other periodic client mailings/disclosures. Assist with maintenance of D.A. Davidson’s record retention list and ensure operational compliance with various record-retention requirements including state privacy laws. Participate in discussions regarding safeguards for protecting client and proprietary data. Engage with industry trade associations, committees, and working groups; maintain collaborative relationships with regulators (e.g., the SEC and FINRA); participate in industry conferences as needed for continuing education. Knowledge, Experience, and Education Requirements
Robust compliance experience and knowledge of financial markets, trading, asset classes, and products. University degree or equivalent professional qualification with a focus on Finance or Accounting preferred, or relevant securities industry experience. Seven or more years of securities industry compliance experience preferred. FINRA SIE, Series 7, Series 9/10 or Series 24 licenses required. Series 27 preferred, or willingness to obtain within six months of accepting the position. Significant knowledge of concepts, practices, and procedures of the securities industry, focusing on Operations, IT, and Finance functions. Strong understanding of firm back-office and financial reporting functions (reserve formula, FOCUS report, possession and control, stock record, general ledger, trade blotters, margin requirements, time-critical regulatory functions such as buy-ins/sell outs, record retention, access control procedures, and cybersecurity). Strong understanding of cybersecurity regulations as they apply to broker-dealers and investment advisers. Excellent written, verbal, and interpersonal skills; regular interaction with department managers, regulatory examiners, and auditors. Strong organizational, communication, and analytical skills. Project management experience a plus. Proficient computer skills (Word, Excel, Outlook, PowerBI, Tableau or similar); experience with industry-specific applications a plus. Ability to handle confidential information with discretion; ability to work independently in high-pressure situations and manage multiple tasks with timely completion. High standards of accuracy and attention to detail; curiosity about and awareness of the financial services regulatory landscape. What we offer
Competitive salary plus excellent benefits and perks including medical, dental and vision Company 401(k) and ESOP contribution Generous sick, vacation, and maternity/parental leave Paid holidays Professional development opportunities Tuition reimbursement ($15,000 lifetime cap) Discounted personal insurance including home, auto and recreational vehicles Charitable gift-matching program Davidson Day of Giving – our tradition of positively impacting communities in which we live and work We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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D.A. Davidson & Co. is a leading financial services firm providing wealth management, financial planning, investment banking, and public finance services to a client base that includes individuals, corporations, institutional clients, and governments. The firm has operations across the United States. We are seeking a Senior Compliance Officer experienced in broker-dealer compliance functions that support the Operations, Finance, and Information Technology departments. Responsibilities
Coordinate regulatory examinations and inquiries that relate to Operations, IT, and Finance. Communicate confidently and effectively with examiners, address issues that arise, track open items during an exam, and work with the responsible department manager to develop action plans addressing any exceptions or examiner recommendations. Experience establishing and maintaining dialogue and negotiating deliverables with regulators is preferred. Develop and maintain strong relationships with managers within the Operations, IT, and Finance departments. Regularly participate in meetings and provide a regulatory perspective on trends and items under regulatory scrutiny. Understand new and existing FINRA, SEC, MSRB, and state rules and regulations pertinent to Operations, IT, and Finance. Collaborate with those groups to ensure compliance and serve as a resource and advisor to help them understand regulatory importance and risk of non-compliance. Coordinate updates to Written Supervisory Procedures that impact the Operations, IT, and Finance departments as new rules become effective or clarifications are made. Develop and implement periodic monitoring and testing of functions in the Operations, Finance, and IT departments in support of FINRA Rule 3120 and 3130, and Investment Adviser’s Act Rule 206(4)-7 testing and reporting programs. Develop annual Compliance training for Operations, IT, and Finance personnel covering regulatory focus items, new or modified rules from FINRA, the SEC or the MSRB, and reminders of firm policies. Coordinate periodic Operations reviews/reports including: annual Designated Third Party Review with the industry partner to ensure books and records comply with SEC Rule 17a-4; updates to the Client Annual Disclosure Statement; confirmation statement testing; and other periodic client mailings/disclosures. Assist with maintenance of D.A. Davidson’s record retention list and ensure operational compliance with various record-retention requirements including state privacy laws. Participate in discussions regarding safeguards for protecting client and proprietary data. Engage with industry trade associations, committees, and working groups; maintain collaborative relationships with regulators (e.g., the SEC and FINRA); participate in industry conferences as needed for continuing education. Knowledge, Experience, and Education Requirements
Robust compliance experience and knowledge of financial markets, trading, asset classes, and products. University degree or equivalent professional qualification with a focus on Finance or Accounting preferred, or relevant securities industry experience. Seven or more years of securities industry compliance experience preferred. FINRA SIE, Series 7, Series 9/10 or Series 24 licenses required. Series 27 preferred, or willingness to obtain within six months of accepting the position. Significant knowledge of concepts, practices, and procedures of the securities industry, focusing on Operations, IT, and Finance functions. Strong understanding of firm back-office and financial reporting functions (reserve formula, FOCUS report, possession and control, stock record, general ledger, trade blotters, margin requirements, time-critical regulatory functions such as buy-ins/sell outs, record retention, access control procedures, and cybersecurity). Strong understanding of cybersecurity regulations as they apply to broker-dealers and investment advisers. Excellent written, verbal, and interpersonal skills; regular interaction with department managers, regulatory examiners, and auditors. Strong organizational, communication, and analytical skills. Project management experience a plus. Proficient computer skills (Word, Excel, Outlook, PowerBI, Tableau or similar); experience with industry-specific applications a plus. Ability to handle confidential information with discretion; ability to work independently in high-pressure situations and manage multiple tasks with timely completion. High standards of accuracy and attention to detail; curiosity about and awareness of the financial services regulatory landscape. What we offer
Competitive salary plus excellent benefits and perks including medical, dental and vision Company 401(k) and ESOP contribution Generous sick, vacation, and maternity/parental leave Paid holidays Professional development opportunities Tuition reimbursement ($15,000 lifetime cap) Discounted personal insurance including home, auto and recreational vehicles Charitable gift-matching program Davidson Day of Giving – our tradition of positively impacting communities in which we live and work We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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