Compliance Officer II – Wealth Registered Investment Advisor (Remote) in Raleigh, NC

Compliance Officer II - Wealth Registered Investment Advisor (Remote) - First Citizens Bank - Raleigh, NC - work from home job Company: First Citizens Bank Job description: Overview: The Compliance Officer II for RIA Compliance will support the day-to-day compliance program for SVB Wealth (retail RIA). SVB Wealth (“SVBW”) is an SEC-registered investment advisor. SVBW is a wholly owned, non-bank subsidiary of First-Citizens Bank & Trust Company. SVBW offers discretionary and non-discretionary investment services. SVBW’s investment offerings include equities, fixed-income securities, mutual funds, exchange-traded funds, private funds, and derivatives, as well as various investment strategies of certain unaffiliated third-party Investment Managers. • This position can work remote from anywhere within the United States. Responsibilities: The Compliance Officer II works with the SVBW Compliance team, with the day-to-day administration and oversight of SVBW’s compliance program. While the nature of the role is continually evolving as the regulatory requirements and risks change, the general duties of the role include: • Foster a strong compliance culture within SVBW by promoting ethical behavior and encouraging employees to prioritize compliance in their day-to-day activities. • Working closely with the Compliance Team, internal stakeholders, and partner groups to assess the firm risk exposure and develop strategies to mitigate potential compliance risks. This involves identifying areas of vulnerability and implementing controls to minimize risks. • Stay up to date with regulatory requirements, such as SEC rules and guidelines, and ensure the firm’s compliance with those regulations. This includes managing registrations, filings, and disclosures. • Manage Code of Ethics supervision and Access Person activities. • Provide training and education to employees on compliance-related matters. This includes conducting compliance awareness programs and keeping staff informed about regulatory changes. • Manage the on-boarding of new hires. • Serve as a point of contact for regulatory authorities and external auditors during inspections and both internal and external audits. This may involve responding to inquiries, providing requested documentation, and coordinating regulatory examinations. • Review and approve marketing materials, including website content, brochures, presentations, social media posts, and advertisements, to ensure compliance with regulatory requirements such as SEC guidelines and other applicable regulations. • Ensure the Compliance Policies & Procedures and Code of Ethics manuals are current and reflect the required securities laws and business model(s). • Provide business teams compliance guidance, i.e., Advisor Teams, Investment Operations, Portfolio Management, Trade Desk Team, Investment Product Team. • Identify areas for improvement within Compliance & Operations and design action plans. Qualifications: Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking, or other related experience OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking, or other related experience Knowledge & Skills • A strong understanding of the regulatory landscape for investment advisors, including knowledge ofSEC regulations, state-specific requirements, and other relevant regulatory bodies such as FINRA • Knowledge of the Investment Advisers Act of 1940, Code of Ethics, anti-money laundering (AML) regulations, and privacy regulations • Knowledge of various financial products and services, including, private equity and alternative investments • Understanding the rules and guidelines governing advertising and marketing practices, including SEC advertising rules and relevant social media guidelines • Knowledge of risk management principles and practices, including identifying and assessing compliance risks, implementing controls, and developing risk mitigation strategies • Experience supporting Corporate Operations from a Risk or Compliance perspective. • Experience with SEC and NASAA regulations and other regulatory agency guidance • Strong written and verbal interpersonal communication skills. • Experience helping to manage through high levels of regulatory change. License or Certification Type: Series 7, 24, 63/65, 66 Expected salary: Location: Raleigh, NC Job date: Sun, 03 Sep 2023 07:38:19 GMT Apply for the job now! Apply tot his job