Vice President, Compliance Officer - Wedbush Securities

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

The Vice President, Compliance Officer is responsible for acting in an advisory capacity to the Advanced Clearing and Prime Services (“ACaPS”) Division and Fixed Income, Commodities, Currencies and Stock Lending Division (“FICCS”) as well as the Operations Department. Activities in these departments include correspondent clearing services, prime brokerage services, fixed income trading, stock lending, and transaction reporting. This role will be responsible for creating and updating the policies for these divisions and conducting supervisory controls testing. This role reports directly to the Chief Compliance Officer (“CCO”).

Responsibilities include, but are not limited to:

• Assist with the design, and execute regulatory compliance testing of the ACaPS, FICCS businesses and Operations Department; test compliance with policies and standards and identify key risk control gaps and deficiencies.
• Work with the line of business supervision team to ensure all applicable rules and the products supported, are identified so that testing priorities can be evaluated and established while maintaining accuracy.
• Work closely with other compliance colleagues to ensure consistency among execution of testing and interpretation of rules.
• Assist in the monitoring of the compliance with SEC, FINRA and other applicable regulations, keep up-to-date on changes in federal and state compliance laws and regulations impacting the group of assigned compliance focus area(s).
• Advise line of business supervision staff the on emerging compliance issues and assist in developing policies and procedures and risk management analyses.
• Conduct branch office audits for ACaPS and FICCS locations and assist in the Firm’s 3120 testing processes.
• Assist the CCO in Annual Market Access Testing for FICCS activities.
• Draft and update ACapS, FICCS, Operations Department Policies and Written Supervisory Procedures.
• Work with the CCO in obtaining information and documentation for ACaPS and FICCS inquiries and examinations.
• Assist with programs for educating and training personnel on compliance and regulatory topic
• Perform other duties as required and assigned.

Keyword: Business Conduct, Capital Markets, Regulatory, FINRA
Required Experience:

• Bachelor's Degree from an accredited university
• Extensive knowledge of correspondent clearing and prime services activities.
• Working knowledge of institutional fixed income trading.
• Series 7 and 24
• Understanding of FINRA, SEC and other regulatory requirements around activities includes, Reg SHO, Reg NMS, Rule 605, Rule 606, SEC Rule 15c3-5, TRACE trade reporting, CAT reporting and clearing of securities transactions.
• Highly organized with the ability to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency
• Excellent communication and presentation skills with the ability to communicate effectively across various departments and levels of the organization
• Strong analytical, problem-solving and critical-thinking skills
• Extremely detail-oriented
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint).
• Ability to travel at least 30%.

Benefits:

What Wedbush Offers You

As part of the overall compensation package, Wedbush Securities (WS) offers an array of diverse benefits to our Colleagues.

• Comprehensive medical, dental, and vision coverage with multiple health plan options
• Health Savings Account (HSA) with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) Plan: competitive discretionary company matching and profit-sharing contributions
• Tuition reimbursement ($5,250 max per year)
• Paid Sick Time, Holidays, Volunteer Time Off
• Paid Leave: Parental Bonding, Jury Duty, Military, Disability, etc.
• FINRA and Professional License Sponsorship
• Charitable Donation Matching Contributions
• Travel & Employee Assistance and Employee Discount Programs
• Discretionary compensation based on the colleague's and the firm's performance

Applications will be accepted until the position is filled. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs. A reasonable estimate of the current hiring range is $130,000.

At Wedbush, we recognize that a diverse and inclusive workforce drives innovation, results in higher Colleague satisfaction, fosters superior client service, and adds meaningful value for stakeholders. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm and provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview.

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq,, Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

From: Wedbush Securities