Regulatory Compliance and Operation Specialist

Job Description

Regulatory Compliance and Operations Specialist

CIMA Financial Regulation Consultants, LLC is a premier service provider of domestic and international financial regulatory consulting services focused on securities and banking regulation compliance.

As a Compliance Specialist you will partner with a senior manager in providing day-to-day compliance tasks for our international wealth management clients. You will be responsible for interacting with and maintaining a relationship with senior (mainly C-level) management of various financial institutions, including banks, broker dealers, and registered investment advisors. You are expected to have working knowledge and provide guidance with regulations and laws that apply to the financial services industry and how these will impact on the business strategy of each client you manage.

You may find yourself working on audits, reviewing policies and procedures, licensing and registration, internal reviews or acting in a supervisory or compliance officer capacity. You will use your analytical skills to evaluate risks related to controls across our clients’ lines of business.

Typical projects may include designing and implementing compliance practices, including Governance & Oversight (including Quality Assurance), Regulatory Management, Policies & Procedures, Training & Awareness, Monitoring & Testing, Issue Management and Risk Assessment & Reporting, performing due diligence and/or reviewing client advertisements and accounts during onboarding process.

We are primarily seeking a candidate with experience working with Registered Investment Advisors and broker/dealers. Specifically, document creation and updating include but are not limited to ADVs and WSP’s. Experience in RIA compliance including registration and formation is a desired experience.

Services provided to our clients include:

• Serving as supervisory principal
• Reviewing, drafting, and editing policies and procedures.
• Reviewing, drafting, and editing disclosure documents.
• Providing general guidance to clients on risk management and controls.
• Perform transactional reviews of client accounts.
• Research for both domestic and international regulations and guidance.
• Audit sample testing and review of supervision procedures for senior management.
• Drafting of review and audit reports for senior management.
• Drafting of exception reports for senior management.
• Perform Risk Assessments and identify underlying controls for mitigation of risk.
• Perform due diligence and background checks in accordance with know your customers’ rules.
• Qualifications and Requirements:
• Excellent interpersonal skills
• Ability to interact with Senior Management of a RIA or Broker/Dealer
• Knowledge of FINRA and SEC rules for broker/dealer.
• Knowledge of 1940 Investment Advisor Act.
• Knowledge of AML principles and USA Patriot Act (i.e., CIP, EDD, KYC)
• Experience in regulatory compliance at a financial services firm.
• Experience in regulatory compliance at an international financial services firm preferred.
• Experience supervising registered representatives and/or investment advisors.
• Strong communication skills.
• Spanish language proficiency preferred.
• Working Knowledge of Microsoft Office Suite, particularly Excel and Power Point, and Perplexity.
• FINRA Series 7 and 24 required. FINRA series 4 and 53 preferred.

Employee benefits include medical, dental, vision, term life, short-term and long-term disability, 401(k) eligibility, wellness stipend, professional development assistance, and paid time off. Compensation will be commensurate with the responsibilities of the role and experience. The candidate will be expected to work from our Weston, Florida office and to visit clients in the Miami area.