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Compliance Specialist
Mitsubishi UFJ Financial Group
Glendale, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
This position reports to the Director Retail Compliance. The Written Supervisory Procedures Compliance Specialist is responsible for ensuring the Firm has appropriate policies and procedures in place to meet regulatory requirements and effectively manage the activities of the Broker-Dealer and the Investment Advisor.
Major Responsibilities:
• Pursuant to FINRA Rule3120 and FINRA Rule 3130, and SEC Rule 206(4)(7) establish, maintain, review, test and modify compliance policies and procedures for the Firm's Broker-Dealer and Investment Advisor.
• Coordinate and facilitate the Firm's quarterly Policy Committee meetings. Maintain and update the WSP and 206(4) (7) testing database to capture and document annual policy/procedure testing.
• Research and provide recommendations to management on methods of reconciliation for issues identified during testing along with drafting policies to address such issues.
• Conduct annual gap analysis on regulations applicable to current Firm business against ne regulatory requirements.
• Maintain and enhance the Firm's Manuals upon issuance of new policies, regulations, or as required by any other event that would necessitate such action.
• Research and provide accurate interpretations of regulations, industry practice, etc. and propose policies accordingly.
• Create and/or edit compliance communications (Supervisory Alerts, Compliance Alerts, IA Alerts and Compliance Bulletins) to concisely convey new/revised policies to field and back-office.
• Distribute, post, and incorporate policies delineated in the communications into the appropriate Manuals.
• Provide compliance advice/guidance to RRs, Managers and back-office staff as it relates to amended policies and procedures as well as regulatory developments that may impact UBIS.
• Provide support for regulatory and internal audit requests. Provide compliance expertise for other BD/IA projects as required.
• Assist with annual branch inspections and/or special projects as needed.
Qualifications
• Must have working knowledge of securities and insurance rules and regulations, including FINRA, SEC, MSRB and DOI.
• Knowledge of SEC IA rules/regulations preferred.
• Must be well versed at interpreting regulatory requirements and writing policies and procedures.
• Must have well developed analytical and project management skills, strong written and verbal communication skills, and be well organized with the ability to handle multiple tasks and multiple priorities simultaneously.
• Strong time management skills and ability to meet deadlines required.
• Must have ability to effectively conduct meetings and give presentations.
• Proficiency in various PC applications including: MS Office (Word, Excel, Access, PowerPoint, Outlook, etc.) Minimum of 5+ years of broker-dealer regulatory and/or compliance experience; must maintain FINRA Series 7, 24, 63/65 or 66 designations and California Life Insurance License or ability to pass exams with 6 months College degree preferred.
• Investment Advisory knowledge/experience preferred.
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.