Compliance, Private Wealth Management PWM Compliance, Vice President, New York

RESPONSIBILITIES AND QUALIFICATIONS

 Private Wealth Management (“PWM”) Compliance is responsible for supervising the business to ensure compliance with regulations and firm policies as well as assist with the implementation of new regulations and new systems / processes. The team covers many of the businesses within PWM that are constantly growing and changing.  We are looking for a team member who wants to be part of growing the business in new dimensions – someone who is equal part visionary and executor. At times, the role will require you to navigate and solve problems with multiple teams and stakeholders. We look to those who possess sound judgement, curiosity, and can adapt to a changing regulatory landscape.

As a contributor within PWM Compliance, a successful candidate will be responsible for supporting and organizing Compliance’s involvement in various projects and processes as well as being the key Compliance contact for certain working groups and business lines while developing subject matter expertise in regulations applicable to the business. Additionally, the role will involve working in collaboration with the broader compliance team to deliver high quality work products, reflecting attention to detail and analytical prowess.

PWM Compliance is seeking a Vice President based in New York to join our team.  This role will support a diverse range of PWM Compliance coverage areas and strategic initiatives, partnering closely with business leaders, Legal, Risk, and other control functions. The successful candidate will serve as a key compliance advisor on regulatory, supervisory, and business-driven projects while helping drive the ongoing enhancement of compliance risk management practices across the division.  

The role offers exposure to a broad range of business activities and compliance disciplines, including regulatory change management, governance, marketing review, risk assessments, training, examinations, and strategic business initiatives. In addition to the above, responsibilities may include:

• Interacting with the global PWM business and compliance teams on a daily basis
• Having knowledge and understanding of different rules and regulations and how they impact the PWM business
• Tracking, reviewing, and analyzing regulatory updates and assisting with implementing necessary changes across the business 
• Preparing supervisory meeting materials detailing key metrics and regulatory issues 
• Assisting with firm risk assessment processes for PWM business lines 
• Reviewing marketing materials that are used to pitch PWM products and services to clients
• Responding to different regulatory examinations and inquiries pertaining to PWM
• Developing and implementing policies, procedures and best practices for PWM 
• Reviewing marketing materials that are used to pitch PWM products and services to clients
• Having knowledge and understanding of different rules and regulations and how they impact the PWM business
• Undergraduate degree
• 5-8 years of relevant experience in Compliance, Legal, Risk Management, Internal Audit, Regulatory Affairs, Financial Services, or a related field
• Proficiency with Microsoft Office applications
• Excellent time management, analytical, organizational, and communication skills
• Integrity, motivation, intellectual curiosity, and enthusiasm
• Strong familiarity with financial industry products and markets, as well as corresponding rules and regulations

Preferred Qualifications

• Graduate degree in law, business, or another relevant program
• At least three years of relevant post-undergraduate work experience (e.g., supporting broker-dealer, investment adviser, wealth management, private banking, or fiduciary businesses), or, if holding a Masters, PhD, MBA, JD or equivalent, one to two years of relevant experience

Basic Qualifications,  Skills and Characteristics: An ideal candidate should:

• Quickly grasp complex concepts, including global business and regulatory matters

• Exercise strong judgement and decision-making in a collaborative consensus-driven environment

• Be interested in and willing to develop expertise in legal, regulatory and compliance issues in the financial industry

• Have strong project management skills and ability to see a task to completion

• Possess excellent interpersonal skills - team player, able to forge relationships, build consensus, and influence decisions

• Work well under pressure and have a positive, hands-on, “can do” attitude

• Be able to devise and implement creative and innovative solutions

• Possess strong analytical and risk assessment skills as well as concise verbal and written communication skills

• Be a self-starter, with the ability to work effectively with minimal supervision

• Multi-task and adapt to new situations and a dynamic work environment