Apply on Employer Site

Revolution Technologies · 1 day ago

Regulatory Analyst

Southfield, MI

Contract

Hybrid

Entry, Mid Level

$38/hr - $38/hr

2+ years exp

Revolution Technologies is seeking a Regulatory Operations Analyst to monitor client asset control and ensure compliance with industry regulations. The role involves collaborating with management to improve operational efficiency and assisting in regulatory reporting.

DeliveryHuman ResourcesInformation Technology

Growth Opportunities

Hiring Manager

Donna Lott

Responsibilities

Monitors daily securities possession or control requirements to ensure compliance with the Customer Protection Rule (15c3-3); proactively communicates deficits and any identified issues to the LOBs to reduce firm deficits

Compiles and reviews regulatory reporting information used for Weekly Reserve and Monthly FOCUS reporting; ensures that reporting information is compliant with applicable industry regulations (e.g. 15c3-3, 15c3-1)

Monitors operational suspense and clearance accounts, inventory, and dealer accounts to ensure compliance with firm accounting policies/industry regulations; escalate identified issues to Supervisor/Manager and the relevant line of business

Assists and provides input in the interpretation of new/changing securities rules, regulations, policies or laws; updates processes for compliance with rules and regulations, as well as departmental procedures

Compiles operational account information for internal and external auditors (e.g. FINRA, SEC) with limited oversight. Plans and executes remediation efforts for any identified issues with minimal guidance/support from Supervisor/Manager; assists the Manager or Senior Analyst in formalizing milestones needed to implement corrective action plans for any identified issues

Identifies opportunities for operational efficiency and productivity improvements to mitigate financial, reputation and regulatory risk; suggests solutions to Supervisor/Manager

Assist Manager or Senior Analyst in the design, planning, and execution of testing strategies; under direct supervision, may lead the testing efforts of other analysts; communicate any issues to management that require immediate attention in a clear and concise manner; draft recommendations to mitigate risk

Assists in the development and coordination of periodic operational performance reports/scorecards for Management, including trend analysis and recommended strategies

Performs daily and weekly quality review of reconciliation specialist's work as needed to ensure reconciliations are accurate, complete and that discrepancies have been resolved in a timely manner

Coordinates/participates in the quarterly examination and verification of physical securities held on premises

Participates in projects and performs other duties and responsibilities as assigned