Risk Manager - Compliance (Legal)
At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors. The Compliance Oversight department is seeking a highly qualified Compliance professional to fill the role of Risk Manager.
The Risk Manager is responsible for compliance supervisory control system functions, which is a second-line risk function that ensures compliance with laws and regulations and mitigates adverse regulatory impact to the firm. The Risk Manager works in partnership with associates and leaders throughout the organization. Key responsibilities include performing control testing and monitoring and reporting on supervisory controls testing results to key stakeholders.
Key Responsibilities
- Perform testing to ensure appropriate firm controls are in place and executed to address identified regulatory risks including, but not limited to, testing over Written Supervisory Procedures (WSPs) and Regulatory Books and Records (B&Rs), including the related analysis of impacted rules and regulations
- Perform additional key processes within the department, including but not limited to monitoring emerging rules and regulations and performing and participating in the annual risk assessment
- Advise key stakeholders on identifying, mitigating and monitoring regulatory risks through developing controls and determining the quality and effectiveness of control design
- Provide guidance to business process owners on performing and documenting supervisory reviews through reporting and remediation of controls testing as well as consultation on WSPs
- Participate in strategic planning to determine department priorities, objectives and projects
- Identify and execute project tasks for key project initiatives in the department and co-lead projects
- This associate will have latitude in interpreting regulation and assisting business areas in application to their processes
- Resolves complex issues through interpretation and application of industry regulations and firm business practices
- Position must utilize problem solving skills on a daily basis in order to make judgments and assess risks associated with potential lapses in supervisory control effectiveness by analyzing multifaceted issues of a non-routine nature, gathering facts about the issue and identifying and utilizing available firm resources
- Very few decisions have a well-defined decision path to follow
- This position operates with a high degree of autonomy
- Medium level of authority
- This position's impact touches virtually every area of the firm, therefore the span of influence and degree of risk associated with the role is high
- Risk of non-compliance can extend to regulatory sanctions, fines and reputational issues
- If mishandled, situations can lead to loss of credibility with clients and/or regulators, and therefore, have limitless duration
- Misinterpretation of regulations and/or failure to appropriately apply them could result in litigation, arbitrations or regulatory enforcement extending over several years
- Involved in the creation, evaluation, and assessment of processes and procedures throughout the firm, including Canada
- The position has no direct people leadership responsibilities
- Bachelor's degree
- Series 7, 24 and 66 registrations required within 24 months of employment
- Minimum 3+ years in a securities industry, consulting, regulatory, risk management or auditing function required; comprehensive knowledge of process analysis and control design techniques preferred
- Comprehensive understanding of industry rules, regulations and acceptable business practices, as well as a strong knowledge of the firm's supervisory systems and policies
- Ability to interpret emerging regulatory risk, identify and respond to the impact on various firm products and processes
- Ability to identify, prioritize, monitor, communicate, and/or resolve issues
- Must have strong leadership and interpersonal skills to maintain good working relationships with the team and business areas
- Must have excellent time management, organizational, critical thinking as well as written and verbal communication skills
- Demonstrates ability to work in a highly collaborative team environment by incorporating effective listening and collaboration skills
- Proficiency in spreadsheets, databases, and other software programs
