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Raymond James · 1 day ago

Regulatory Operations Analyst

Southfield, MI

Contract

Hybrid

Entry, Mid Level

$28.45/hr - $37.93/hr

2+ years exp

Raymond James is a financial services firm seeking a Regulatory Operations Analyst to monitor client asset compliance and regulatory reporting. The role involves identifying operational efficiencies, collaborating with management on compliance updates, and assisting with internal and external audits.

BankingFinancial ServicesInformation TechnologyInsuranceWealth Management

Growth Opportunities

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

Qualification

SIE certificationSeries 99 certificationRegulatory complianceBrokerage operationsFinancial regulationsQuality control reviewsMicrosoft Office 365Customer serviceCritical thinking

Required

Bachelor's Degree (B.A.) in related field and minimum of two (2) years' experience in the areas of accounting, banking and/or financial service

SIE and Series 99 required

Knowledge of brokerage operations and how functions performed by Operations Control align with business partners

Knowledge of financial industry rules, regulations and laws relating to processes performed by Operations Control

Knowledge of regulatory terminology, concepts, and guidance

Knowledge of brokerage industry and financial markets

Knowledge of accounting principles/concepts

Knowledge of concepts, practices and procedures for testing operational systems/processes

Skill in conducting quality control reviews for functions performed within Operations

Skill in creating procedure and business process workflow documentation

Skill in evaluating processes/systems and identifying risks and controls; recommending appropriate actions/revisions to resolve any identified gaps or mitigate risk

Skill in executing training materials/programs

Skill in executing test strategies, methodologies and analysis

Skill in operating standard office equipment and using required Microsoft Office 365 software (Excel, Access, PowerPoint) and other software applications

Ability to proactively engage, collaborate and influence business partners in the adoption of identified opportunities to create or enhance a control or process

Ability to support efforts in the evaluation or implementation of a control or process

Ability to interpret financial/brokerage rules, regulations and security laws with minimal guidance; ensure all industry rules, regulations, and security laws that apply to a process are correctly followed

Ability to manage multiple tasks with changing priorities; meet deadlines in a fast-paced environment with constant interruptions; adapt to a constantly changing environment

Ability to demonstrate strong numerical aptitude and use critical thinking when solving operational problems

Ability to provide a high level of customer service