What are the responsibilities and job description for the Compliance Associate (broker-dealer) - Based in NYC! position at Phaxis?
Overview:
Financial services firm is seeking a Compliance Associate to join their compliance team at a leading broker-dealer in New York City. This role offers an excellent opportunity for a candidate to gain hands-on experience in regulatory compliance within the financial services industry. This person will assist in ensuring the firm's adherence to all applicable regulatory requirements and internal policies.
Qualifications:
- Bachelor’s degree in finance, business, or a related field.
- 1–4 years of experience in compliance or a related role, preferably within a broker-dealer or financial services environment.
- Familiarity with FINRA and SEC regulations; knowledge of KYC/AML processes is a plus.
- Strong analytical skills and attention to detail.
- Proficiency in Microsoft Office Suite and familiarity with compliance-related software tools.
- Series 7 or ability to obtain.
Key Responsibilities:
- Assist with daily compliance tasks, including monitoring and surveillance of trading activity to identify and escalate potential issues.
- Conduct reviews of marketing materials and other communications to ensure compliance with regulatory standards.
- Support the maintenance of firm policies and procedures to ensure alignment with FINRA, SEC, and other regulatory requirements.
- Perform due diligence on new account openings and assist with KYC/AML processes.
- Assist in the preparation of regulatory filings, such as Form U4/U5, TRACE reporting, and other required submissions.
- Support compliance testing and monitoring programs to assess the effectiveness of internal controls.
- Respond to internal inquiries related to compliance policies and provide guidance to employees as needed.
- Maintain accurate and organized compliance records, including documentation of regulatory filings and training logs.
- Monitor regulatory updates and assist in implementing necessary changes to firm policies and practices.
- Collaborate with various departments, including legal, operations, and trading, to ensure regulatory compliance.
Salary : $80,000 - $110,000
