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Senior Director Compliance
Ally
Charlotte, NC, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
18-5788
Job Description
Position Description
The Sr. Compliance Director reports to the Chief Compliance Officer of Ally Invest and is responsible for the development, implementation and enforcement of Ally Invest Compliance programs. Ally Invest Group, a subsidiary of Ally Financial Inc., is comprised of Ally Invest Securities, a FINRA registered broker dealer, Ally Invest Advisor, a SEC registered Advisor, Ally Invest Futures and Ally Invest Forex, each of whom are members of the NFA.
The Sr. Compliance Director will manage the day to day compliance of Ally Invest with a primary focus on Ally Invest Securities. The individual will lead a team of compliance professionals and ensure the firm has in place processes to establish, maintain, review, test and modify written compliance policies, and written supervisory procedures reasonably designed to achieve compliance with FINRA, SEC and NFA regulations as well as other Federal and state laws. The individual will be responsible for maintaining compliance programs for the firm while working collaboratively with all levels of staff across the Enterprise. Works independently and remains capable of making a broad range of critical decisions escalating issues when appropriate.
Exceptional Customer Service, Relationship Building, Communication and Writing skills are essential in this role. The ideal candidate will have 10+ years of experience in the Financial Brokerage Services industry with previous compliance and Office of Supervisory Jurisdiction (OSJ) experience.
Job Responsibilities
• Leads a team of 5+ employees and oversees the regulatory and technical elements of the Ally Invest compliance programs
• Oversees the day-to-day management of Compliance functions including: Licensing and Registration, Policy and Procedure Management, Regulatory Change, Continuing Education, Investment Advisory Compliance, Conflicts and Outside Business Activities, Electronic Communications, Marketing and Advertising as well as Annual Compliance Meetings
• Serves as the compliance lead for certain regulatory matters, inquiries, audits and examinations; routinely coordinates with Ally legal counsel, Ally Risk Management and other Ally functions.
• Implements and oversees Compliance Monitoring and Testing programs to ensure compliance with FINRA Rules 3120 and 3130 as well as other internal controls
• Supports the Chief Compliance Officer of Ally Invest on Compliance Initiatives by offering perspectives to help evolve the business
• Maintains current knowledge of rules, regulations, and policy initiatives regarding the elements of the program, and develops and maintains relationships with key regulators and industry colleagues to be able to leverage best practices to ensure that the program meets industry standards and regulatory expectations.
• Leads and manages compliance programs through highly efficient and effective compliance organizational processes, resources, capabilities and tools.
• Reviews and remediates issues arising from audit or regulatory findings and reports. Engages impacted department(s), securities principals or subject matter experts to coordinate appropriate regulatory response.
• Analyzes applicable proposed and adopted regulatory changes to provide compliance guidance to Sr. management, and implements changes to the compliance program and related materials in a dynamic, fast-paced environment.
• Supervises the review and execution of regulatory filings concerning registration, advertising/sales literature, complaints and employee licensing. Provides quality control review for timeliness of submission, accuracy and quality.
• Presents to Sr. Leaders across the Enterprise on the results of compliance activities and compliance program status, effectiveness and issues.
• Evaluates operational issues and gaps against regulatory requirements and best practices, and makes recommendations, escalating matters and issues to upper management as appropriate.
• Creates and maintains an environment where professionalism is the norm, and excellent internal and external service and support is consistent.
• Interacts with the Management Committee, Board of Directors, Legal and government agencies and industry associations to include but not limited to SEC, Treasury Department, Department of Justice, FINRA and all state regulatory agencies.
• Recruits, hires, trains, develops and evaluates staff. Provides daily direction to associates through coaching and ongoing career path support by establishing goals and administering interim and annual performance reviews
• Must have solid understanding in Microsoft Desktop Operating systems.
• Other duties as assigned or required.
• Some travel required.
• Serves as a member on the Firm's Risk Committee.
• Partners with Legal on monitoring of regulatory requirements and actions.
• Understands, complies, maintains and reinforces regulatory and firm policies and procedures.
• Remains abreast of industry trends and regulatory guidance and changes that may impact the business.
• Must have solid understanding in Microsoft Desktop Operating systems.
• Other duties as assigned or required.
• Some travel required.
Qualifications
• FINRA Series 7, 63, 24 licenses required
• 10-15+ years of experience in Brokerage/Trading Services environment with superior knowledge of FINRA Compliance practices or prior investment or financial operations related experience.
• Ability to lead change and interact effectively with business partners and all levels of management leveraging strong interpersonal and oral and written communication and presentation skills
• Exceptional leadership qualities and a passion for developing new business and coaching and developing existing and new team members in disparate disciplines
• Must possess a great attitude and have passion for developing new projects, revenue, and profits
• Extensive understanding and exposure to financial service/trading/clearing industry and how to operate within a highly regulated industry.
• Exceptional industry acumen, relationship-building skills and ability to deal with internal/external resources across various LOB's
• Ability to think and act both strategically and tactically, strong communicator who can effectively process constructive feedback while always keeping the corporate and end user goals in mind.
• Able to work independently and with a team to handle all issues while working under strict time constraints.
• Extensive experience interacting with federal and state regulators
• Executive presence, with proven ability to interact successfully with senior management
• Strong negotiation skills with experience influencing and leading organizational change
• Excellent project management skills
• Excellent oral and written communication with strong emphasis on grammar and strong desire to provide an exceptional customer experience.
• Able to exercise independent thought and judgment and adapt to new tasks with little notice.
• Strong interpersonal skills are required.
• Experience with Microsoft Office Suite (Word, Excel, Outlook, Power Point) and Internet
• Knowledge or experience working in financial services and/or other regulated environment is a plus.
• Bachelor's Degree or equivalent business experience
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function
Ally Invest, launched in May 2017, is the brokerage and wealth management offering from Ally. The offerings consist of a trading platform for self-directed investors, as well as a suite of automatically managed investment portfolios. The Ally Invest team is responsible for ensuring the technology and service of the platform with a focus on award winning customer service and outstanding user experience.
Total Rewards Information
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:
• Industry-leading 401K retirement savings plan with matching and company contributions
• Wellness program encouraging healthy living with financial rewards
• Flexible health insurance options including dental and vision
• Pre-tax Health Savings Account with generous employer contributions
• Pre-tax commuter benefits
• Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs
Ally is an Equal Opportunity Employer
We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.