at Capital One in Chicago, Illinois, United States
Job Description
NYC 299 Park Avenue (22957), United States of America, New York, New York
Commercial Broker Dealer Chief Compliance Officer - Sr. Director
The Sr. Director will be the Commercial Broker Dealer Chief Compliance Officer ("BD CCO") for three institutional FINRA registered broker-dealers and provide compliance support to the Capital Markets line of business, a division within the Commercial Bank of Capital One. The broker-dealers include Capital One Securities, Inc., KippsDeSanto & Co., and TripleTree, LLC (collectively "Commercial Broker Dealers" or "CBDs"). The BD CCO will lead a BD Compliance team of associates (compliance advisory and registrations and licensing professionals). The BD CCO will interact with and advise senior management of the CBD LOBs and ensure effective methods of managing compliance risk arising from federal and state laws and regulations (e.g., FINRA, NASDAQ and SEC), within an enterprise-level risk management framework. The BD CCO will gain and maintain in-depth understanding of the CBD products, services and functions to ensure maintenance of comprehensive written compliance policies and written supervisory procedures.
The BD CCO maintains all organizational and professional ethical standards and has latitude for independent judgment and decision-making. Additional responsibilities will include:
Promoting a culture of compliance and managed risk taking
Providing subject matter expertise and guidance on compliance with all applicable SEC and FINRA rules and regulations, including but not limited to anti-money laundering, outside brokerage accounts, outside business activities, OSJ/branch inspections, firm element continuing education, electronic communications surveillance, information barriers, restricted/watch lists, institutional research, investment banking, and institutional sales
Acting as the primary point of contact for FINRA, SEC, and state securities regulators and related exams
Managing CBD Written Supervisory Procedures to ensure they accurately reflect actual practice and address regulatory requirements and standards of conduct
Advising and supporting Principals on their business decisions, supervision of persons or functions, and compliance with applicable rules
Providing effective challenge and guidance on compliance risks and supporting senior management through various interactions including, but not limited to formal committee meetings and enterprise change management processes (e.g., new products and services)
Conducting regulatory mandated exams of the offices and functions of the CBDs
Administering the customer complaint process
Enforcing information barriers including chaperoning "over the wall" conversations
Overseeing securities licensing and registrations including Firm requirements.
Overseeing the review and approval of marketing materials and administering annual compliance attestations
Advising on disposition of outside business activities/private securities transactions in coordination with the enterprise Ethics & Investigation team
Advising on the design of second line compliance monitoring and testing
Maintaining CDBs books and records
Administering and tracking of Regulatory and Firm Element training requirements
Preparing the Supervision and Controls Report & Certification per FINRA Rules 3120/3130
Flexibility to travel to various Capital One locations as necessary
Basic Qualifications
Bachelor's Degree or military experience
At least 10 years of experience working in broker-dealer or investment advisor compliance OR at least 8 years of experience working for a regulator overseeing broker dealers or investment advisers
FINRA (Financial Industry Regulatory Authority) licensed with valid Series 7 and Series 24 or Series 14
At least 5 years of people management experience
Preferred Qualifications
Master's Degree or Juris Doctor
Currently working as a Broker Dealer or Investment Advisor CCO or deputy CCO
11+ years of experience working in broker-dealer or investment advisor compliance OR 9+ years of... For full info follow application link.
Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace.
All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.
Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
