Compliance Analyst
Moors and Cabot, Inc.
Location: Boston. Open to FL, AZ, and VA
Role Description
The Compliance Analyst is an integral member of the Compliance department that has a mission to conduct Moors & Cabot business consistent with the highest standards of commercial honor and just and equitable principles of trade. Keeping our customers’ interests foremost is key to Moors & Cabot’s success. Compliance is an integral part of serving our customers and therefore the firm’s success. The primary focus of this specific position is oversight and surveillance to protect and safeguard Moors & Cabot, its registered individuals and the clients they serve. This position exemplifies Moors & Cabot’s core values of Integrity, Service is Personal, One Team, Communication and Initiative by communicating with employees regularly, maintaining confidentiality, performing assigned duties ethically, and being a key support structure within the Compliance team. By being an active, collaborative and engaged employee, this role provides room for growth and advancement opportunities.
This full-time role reports to the Chief Compliance Officer. Working hours are Monday - Friday 8:30 AM to 5:00 PM EST.
Role Responsibilities
● Conduct onsite/remote branch reviews as part of our risk based internal branch examination process
● Perform daily trade blotter review and approval with a focus on exception reports
● Assist with performing firm’s annual supervisory controls and verification testing
● Review, investigate, and clear all daily Trade Summary Monthly, Account Periodic, and Account Rank surveillance reports
● Review and approve Advertising/Sales Literature/Public Speaking/Trade Corrections, Annuities, and Direct Business, etc. on RedOak
● Perform investigations of potential violation of industry and firm policies, procedures and best practices (document findings and report to CCO)
● Conduct email, instant messaging, social media, and other electronic communication surveillance in accordance with firm policy and involve Branch Management as needed
● Monitor Firm and Regulatory Element Continuing Education training
● Research and respond to regulatory information requests
● Work closely with Branch Managers on investigations involving trading activity in their respective branches
● Review and oversee active/inactive accounts, advisor account cash balances, and Quarterly Fees
● Enhance and implement Compliance policies, processes, and procedures
● Organize outside brokerage account approvals and review trading activity in
employee outside accounts
● Serve as administrator for various compliance applications such as Bridger, Red Oak, Red Ed, Smarsh, LinkedIn etc.
● Keep abreast of changes in regulatory rules and guidelines
● Send various approved firm letters and notifications to customers, as needed
● Organize and maintain content on Compliance Intranet site
● Maintain accurate hard copies of client files for Compliance and establish filing system
● Take initiative in career growth by engaging in provided development opportunities
● Be an active culture carrier within teams and contribute to a positive team morale
● Other projects as assigned
Key Measurements
● Ability to build rapport with internal and external contacts
● Thoroughness and accuracy of assigned task including but not limited to branch exams, controls testing, continuing education and social media oversight
● Accomplishment of annual organizational, team and personal goals as communicated by management
Minimum Requirements
● Bachelor’s degree in a business related field
● At least 2-5 years in a compliance or risk role for a broker dealer and/or investment advisor
● FINRA Series 7, 24, and 63/66
● Confident in using Microsoft Office Suite and Google Suite
● Strong interpersonal skills
● Ability to maintain confidentiality
● Prior experience with compliance-related monitoring systems
● 5% domestic travel for branch exams
● Competent in the following Knowledge, Skills, and Abilities:
○ Customer Service
○ Attention to detail
○ Clerical Work
○ Reading, Writing, and Oral Expression and Comprehension
○ Basic Math
Preferred Requirements
● Experience using DocuSign and Adobe Acrobat