Wealth Deputy CCO
Westwood, MA, USA | Citizens Bank
Industry:Banking / Investment Banking
Functions:Legal / Compliance
Job Description:58 people have viewed this job
The Wealth Deputy Chief Compliance Officer (DCCO) will assist the Chief Compliance Officer (CCO) in their duties covering Wealth, including the registered broker-dealer, registered investment advisers, and trust company. Additionally, the DCCO will manage several teams, including licensing/registration, branch inspections, and surveillance.
The primary function of the Deputy is to provide support and backup to the CCO. This includes (but is not limited to) the following (expected percentage of time on each included):
Provide ongoing reporting to Bank’s Non-Deposit Investment Products (NDIP) Committee
Assisting with preparation of the Annual Certification of Compliance and Supervisory Process (FINRA 3130) and Compliance Procedures and Practices (206(4)-7) review.
Reviewing/editing documents of the Compliance Team Leads (or their directs) for submission to regulators, business line, Consumer functions, etc.
Work directly with Wealth Legal Counsel on compliance matters related to Wealth Management.
Work with Regulatory Response Team to lead and assist with internal and external audit activities, exams, and responses.
Organize and execute on Wealth and Compliance specific initiatives (e.g., simplification, process improvement, technology initiatives, etc.).
Work directly with Wealth Risk Directors and Managers on Wealth-specific issues.
Oversee regulatory implementation processes.
Lead integrative work between Compliance and Risk (e.g., Targeted Risk Assessments, Issue Management, etc.).
Must have held compliance, risk, and/or operations management position within the securities or banking industry.
A minimum of 10 years of B/D and/or Investment Adviser compliance. Banking/Trust regulatory experience preferred.Law degree is a plus.
Knowledge and background in brokerage, insurance, mutual funds, investment adviser, and general securities matters.
Must be able to foster strong partnerships with directors of other Wealth Management business units. Must demonstrate proven leadership qualities.
Must have experience dealing one on one with regulators, such as FINRA, SEC, State Securities and State Insurance Divisions and Banking Regulatory Agencies.
Excellent communication skills (both oral and written), as well as strong analytical skills. FINRA Series 7 and 24 required.Series 63 and 65 (or, 66) within 6 months.
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