Manager Compliance Broker-Dealer

MANAGER COMPLIANCE INVESTMENT ADVISER

WHAT IS THE OPPORTUNITY?

The Compliance Manager, Broker-Dealer is primarily responsible for: managing the workflow of the Wealth Management Broker-Dealer Entities' compliance staff, ensuring that policies and procedures are reviewed and approved appropriately and timely; staff training; answering staff and submitted questions on licensing/registration; supervision; ; ensuring that email escalations are investigated appropriately; providing guidance and assistance with registrations and filings; provide guidance on on broker-dealer activities, and other programs as required by FINRA and MSRB. The Compliance Manager will report directly to the Wealth Management Broker/Dealer Entities' CCO and ultimately to the Wealth Management CCO.

WHAT WILL YOU DO?

• Assist the Wealth Management Broker/Dealer Entities’ CCO in conducting one or more of the following responsibilities.

• Analyze marketing material for compliance with regulatory standards including, SEC, FINRA and MSRB.

• Serve as a resource to internal partners with inquiries regarding business communications.

• Monitor the existing Broker/Dealer compliance programs.

• Monitor, review and challenge risks assessments and testing of compliance programs.

• Analyze current Compliance functions and suggest enhancements and standardization, where appropriate.

• Identify and recommend necessary changes to business unit procedures to address compliance gaps or improve adherence to regulatory and firm requirements.

• Perform all necessary functions and management reporting for FINRA Rules 3130.

• Manage the broker/dealers’ e-mail review/escalation process and lead internal investigations resulting from such reviews.

• Train staff on regulatory updates and industry best practices.

• Analyze marketing material for compliance with regulatory standards including, SEC, FINRA and MSRB.

• Assist with regulatory exams, audits, production of responses to regulatory inquiries; and support of the transfer agent operations.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent

• Minimum 10 years of relevant work experience with a financial institution such as a broker/dealer

• Minimum 7 years compliance experience with a financial institution such as a broker/dealer

Additional Qualifications

• Demonstrated desire to learn about regulatory compliance and/or the finance industry

• Strong abilities in analytical thinking, problem solving, research, and time management

• Must have excellent verbal and written communication and people skills

• Must have a Series 7 license in good standing

• Must be willing to obtain a Series 24 license within 6 months of hire

• Proficiency with MyCompliance Office is helpful

• Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.

• For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser.

• For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.

WHAT'S IN IT FOR YOU?

CompensationStarting base salary: $120,000 - $200,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

• Generous 401(k) company matching contribution

• Career Development through Tuition Reimbursement and other internal upskilling and training resources

• Valued Time Away benefits including vacation, sick and volunteer time

• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

• Career Mobility support from a dedicated recruitment team

• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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