Director, PCG Compliance Testing

Summary Under intermittent supervision, uses extensive knowledge and skills obtained through education and experience in securities and/or the banking industry to ensure firm policies and procedures are designed and operating as intended and commensurate with the level of risk being mitigated. Oversees a team of testers performing large or multiple testing projects with significant scope and impact for the Private Client Group areas (i.e., PCG). Provides comprehensive solutions to vastly complex problems. Maintains extensive contact with internal customers to identify, research, analyze and resolve very complex issues. Must have knowledge of compliance testing or audit practices and a deep understanding of a control’s framework within a complex environment.

Essential Duties and Responsibilities Supervises compliance tests by reviewing applicable regulations and firm policies/procedures, conducting interviews with key contacts, conducting test execution, identifying issues, and issuing final reports. Manages enhancements and changes to the Compliance Testing Framework and provides training and guidance to Compliance Testing associates on key risks, audit methodologies, and testing skills. Oversees multiple testing engagements concurrently from planning through reporting and produces quality deliverables. Collaborates across Compliance teams to maintain a risk-based Compliance Testing program in accordance with the program manual. Ensures the finalization of test issues and action plans, communicates test findings to management in the design and effectiveness of compliance controls. Identifies changes and assist with managing the execution of annual and quarterly updates to the testing plan. Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Coaches, trains, and mentors less experienced Compliance Specialists. Directs compliance associates including potentially assisting in the talent selection process.  Reviews the policies, procedures, and test findings produced by other compliance associates. Ensures that compliance activities are commensurate with the level of risk being mitigated. Researches compliance program components. Makes risk-based recommendations to management using industry knowledge and subject matter expertise. Leads reporting of compliance assurance activities including program status, plans and activities to compliance and business management and relevant committees. Plays role of point of contact for all requests for assurance regulatory exams and internal audits. Prepares and delivers written and oral presentations to management. Establishes and maintains strong relationships with management. Uses communication skills to influence a wide range of internal audiences. Possess project management skills. Knowledge, Skills, and Abilities Advanced knowledge of: Concepts, practices, and procedures of securities industry compliance. Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies. Section 404 of the Sarbanes-Oxley Act of 2002. Financial markets and products.  Investment concepts, practices and procedures used in the securities industry. Advanced skill in: Planning and scheduling work to meet regulatory organizational and regulatory requirements. Investigating compliances issues and irregularities. Making rule-based and analytical decisions. Identifying and applying appropriate compliance procedures and tests. Written and verbal communications skills sufficient to professionally address a wide and varied audience both internally and externally. Preparing oral and/or written reports.  Project management skills and experience sufficient to successfully complete long and short-term projects. Operating standard office equipment and using required software application to produce correspondence,