Investment Management Regulatory Manager

The Investment Management (“IM”) Risk Management & Regulatory Group provides oversight for all risk and compliance activities throughout the IM business line. This requires interaction with business unit management to ensure a proper control environment exists, business processes are designed and executed appropriately, and regulatory risks are identified and addressed.  This also requires acting as a liaison with the Compliance Department to help ensure the IM business unit understands and is meeting its compliance obligations.The IM Regulatory Manager will lead IM regulatory initiatives.  This position is an integral part of the IM business line, working with senior executives within the business and acting as the primary liaison with the firm's Compliance Department.  The responsibilities for this new position include the following:•  Work with IM management and Compliance Department to implement business processes that comply with required regulations.•  Help develop and implement IM business line procedures to document such processes.•  Help identify and resolve compliance issues such as assisting with the compliance testing program to ensure effective policies and procedures are in place across all offices.•  Work with Compliance Department to develop a well constructed, comprehensive program to identify and oversee compliance risk for the IM business.•  Help the Compliance Department respond to regulatory inquiries and exams including those with the NYSBD, OCC, FINRA, and the SEC.•  Monitor sales practices for all IM offices to ensure regulatory requirements are met.•  Oversee registration requirements and supervisory structure for IM business and coordinate with the regulatory reporting group in the Compliance Department.•  Create and direct compliance-related educational programs within IM that promote a constructive compliance culture and compliment the firm’s continuing education program.•  Play leadership role on several business line committees Relevant experience:  The ideal candidate would have 5 to 10 years of experience in compliance-related activities, with at least 2 to 3 years of experience working for one of the regulators that oversee our business activities.  The candidate's direct industry experience should involve compliance functions with exposure to risk management and internal audit functions also desirable.  Business experience should be within a multi-office investment division of a bank, broker/dealer, or registered investment advisor.  Qualifications:  The candidate must hold a BA/BS degree.  A Law degree or MBA, while not required, would be a plus.  The candidate should be Series 7 and 9/10 registered to enable supervision of other registered individuals and some trading functions.  Additionally, a Series 4 registration would be a plus for Options supervision.  Other requirements:  •  Excellent verbal communication skills and ability to interact with various levels, including senior management•  Strong control mentality, with accompanying analytical and problem solving skills •  Ability to analyze business processes to identify compliance risks and assess the effectiveness of controls•  Experienced project management skills•  Deep knowledge of compliance rules and regulations of our various regulators