Senior Compliance Officer
TIAA
Location: Charlotte, NC, Denver, CO, New York, NY
This role provides risk and compliance support to the TIAA Broker Dealer (TC Services) with a specific focus on overseeing maintenance and publication of the Compliance Policy Manual and ensuring the business’ existing and new policies are aligned with relevant laws, rules, regulations and corporate policies and procedures. The role will also manage the Regulatory Change Management program for TC Services helping to ensure business practices and policies are enhanced from regulatory changes. The Manager, Compliance Officer must be able to work independently and in a collaborative manner, as well as have a solid understanding of relevant Securities and Exchange Commission (SEC), Employee Retirement Income Security Act (ERISA), Department of Labor (DOL), Financial Industry Regulatory Authority (FINRA) and state insurance department rules, regulations and interpretative materials applicable to TIAA’s suite of product offerings. This role will require the successful candidate to stay abreast of a changing and complex regulatory environment and communicate potential policy deficiencies to relevant stakeholders.
Key Responsibilities and Duties
Direct and oversee the maintenance and development of compliance policies, procedures and framework required to address firm regulatory risk and ensure the firm remains in compliance with the requirements of all relevant rules and regulations. Coordinate with Regulatory Supervision in aligning compliance policies to written supervisory procedures. Serve as the primary contact for Regulatory Change Management matters relating to TC Services including partnering with subject matter experts to assess the impact of impending rule changes and other regulatory notices. Assist with developing and implementing action plans as needed in response to regulatory changes. Develop management reports as needed to communicate significant efforts in policy management, and regulatory change management. Escalates business risk and compliance issues to the appropriate leaders within Risk and Compliance in a timely manner. Works in a collaborative manner across Legal, Risk & Compliance to deliver appropriate, timely, and actionable advice to relevant stakeholders. Liaises with key enterprise risk and compliance programs relevant to Services’ business, including Enterprise Regulatory Change Management, Global Marketing & Communications Compliance, and Conduct Compliance.
Represent Services on key governance committees and working groups. Engage with subject matter experts and oversee the creation and maintenance of training programs for associates including the Annual Compliance Meeting. Partner with subject matter experts to design, develop and distribute Compliance Alert communications to bring awareness to significant matters related to relevant policies, procedures and practices.
Qualifications:
3+ years Registered Investment Adviser/Broker-Dealer Compliance and/or Risk experience required; 6+ years’ experience strongly preferred.
Understanding of SEC, ERISA, DOL, FINRA and state insurance department rules, regulations and interpretive materials
Previous risk and/or regulatory compliance experience desired
Strong writing and presentation skills
Willingness to stay abreast of changes in the regulatory environment including continued awareness and reviews of external news sources and industry publications
Strong Microsoft Office skills
Series 7 and 24 required (willing to obtain within three months of hire)
Base Pay Range: $71,400/yr. - $119,000/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).