Compliance Manager- RJ Bank

Job Description Summary

Under intermittent supervision, uses extensive knowledge and skills obtained through education and experience in securities and/or the banking industry to ensure firm policies and procedures are up-to-date and commensurate with the level of risk being mitigated. Works within a specified Business Unit to lead large or multiple projects with significant scope and impact. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with a high level of latitude for un-reviewed actions or decisions. Provides comprehensive solutions to vastly complex problems. Maintains extensive contact with internal customers to identify, research, analyze and resolve very complex issues.

Job Description

Essential Duties and Responsibilities

·        Supports the following components of the  RJ Bank and the Bank Segment compliance programs to ensure compliance processes and procedures are integrated and aligned with business processes:

o   Training program

o   Testing and monitoring

o   Third-party risk management due diligence reviews

o   NMLS registration administration

o   CFPB quarterly reporting

·      Performs compliance testing and monitoring activities, including preplanning, identifying risk-based scope, communicating with business and stakeholders, assessing policies/procedures, transactional testing, and results reporting, for applicable coverage areas.

·        Assists in execution of the Bank Segment training program.

·        Performs third-party due diligence reviews.

·        Administers the NMLS registration program in coordination with RJF Registrations.

·        Conducts quarterly reporting for the CFPB.

·        Assists with development and maintenance of compliance policies and procedures.

·        Supports RJ Bank and the Bank Segment.

·        Assists with adjustments to existing programs, policies, and procedures, as required.

·        Ensures that compliance activities are commensurate with the level of risk being mitigated.

·        Provides escalated support and guidance to compliance efforts in RJ Bank and the Bank Segment.

·        Informs Senior Compliance Management about issues that may involve rule violations or potential liability.

·        Assists management to implement adequate controls and quality assurance processes to detect and address potential compliance problems.

·        Researches compliance issues.

·        Reports compliance program status and activities to compliance and business management.

·        Assists with providing information for external compliance examinations and internal audit.

·        May make risk-based recommendations to Senior Management using extensive industry knowledge to review products, production, and asset value changes across the firm’s business lines.

·        Routinely interacts with RJ Bank Executive Management and leadership, Bank Segment Compliance CCO and leadership, Trust and TriState Compliance, Compliance Directors, Compliance Managers and associates.

·        Prepares and delivers written and oral presentations to management.

·        Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Advanced Knowledge of:

·        Concepts, practices, and procedures of the retail banking, securities industry, and banking compliance.

·        Rules and regulations of the Federal Deposit Insurance Corporation (FDIC); Federal Financial Institutions Examination Council (FFIEC); Federal Reserve Board (FRB); Consumer Financial Protection Bureau (CFPB), and state banking regulatory agencies

·        Banking Privacy laws, regulations, rules, and guidance.

·        Knowledge of Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), state securities regulatory agencies, and Office of the Comptroller of the Currency (OCC) regulations is beneficial but not required

·        Knowledge of Investment concepts, practices, and procedures used in the securities industry is beneficial but not required

·        Principles of banking and finance and securities industry operations.

·        Financial markets and products.

Skill in:

·        Reviewing, editing, and drafting documents and training courses.

·        Creating and drafting management level presentations and reporting.

·        Integrating and aligning compliance processes and procedures with business processes.

·        Coordinating complex compliance activities

·        Reviewing materials for compliance with rules and regulations

·        Reviewing and providing feedback regarding other associates’ work

·        Researching regulatory and compliance topics

·        Conducting compliance testing and monitoring

·        Developing compliance training courses

·        Acquiring information and preparing oral and written reports

·        Delivering written and oral presentations

·        Investigating compliance irregularities

·        Making rule and risk-based analytical decisions

·        Operating standard office equipment and using required software applications such as Microsoft Word, Excel, PowerPoint, Outlook, Copilot/ChatGPT, and Teams.

Ability to:

·        Partner with other functional areas to accomplish objectives.

·        Facilitate meetings, ensuring that all viewpoints, ideas, and problems are addressed.

·        Attend to detail while maintaining a big picture orientation.

·        Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

·        Use appropriate interpersonal styles and communicate effectively, both orally and in writing, with all organizational levels.

·        Work independently as well as collaboratively within a team environment.

·        Establish and maintain effective working relationships at all levels of the organization.

·        Maintain confidentiality.

·        Maintain currency in laws, rules, and regulations related to compliance in the assigned functional area.

·        Interpret and apply policies and identify and recommend changes as appropriate.

·        Quantitatively and/or qualitatively process data.

·        Formulate and implement department strategies consistent with long-term company goals.

·        Promote team cohesiveness, cooperation, and effectiveness.

Educational/Previous Experience Requirements

·        Bachelor’s Degree (B.A./B.S.) in a related discipline and a minimum of six (6) years of experience in the financial services industry, compliance, or risk management.

~or~

·        Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

Education

Work Experience

Certifications

Travel

Less than 25%

Workstyle

Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.  Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

#LI-AF1