Compliance Officer Senior-Investment Advisory

COMPLIANCE OFFICER SENIOR-REGISTERED INVESTMENT ADVISOR

WHAT IS THE OPPORTUNITY?

The Senior Compliance Officer will act in a compliance oversight and advisory role supporting assigned business units including two registered investment managers. The role will also be responsible for managing and maintaining assigned areas of the compliance program including monitoring business area compliance with applicable laws, rules, and regulations, and ensuring effective controls are in place to mitigate compliance risk. Maintaining regulatory change management, policies and procedures, training, and advisory matters. This role is responsible for oversight of best execution, liquidity, derivatives, fair valuation, investment strategy and selection, proxy voting, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach.

What you will do

• Serve as a compliance subject matter expert for assigned areas.
• Review committee materials related to best execution, liquidity, derivatives, fair valuation, investment strategy and selection, proxy voting, and fiduciary investments.
• Provide credible challenge at committee meetings.
• Manage regulatory change management and participate with business areas, in addition to other support functions (Finance, Technology).
• Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities.
• Provide compliance advice and guidance to business areas and with assigned business projects.
• Assist with regulatory filings such as Form ADV and CFTC reporting.
• Provide guidance and coaching to colleagues on interpretation and application of regulatory requirements to business processes.
• Develop and maintain compliance policies and standards that address key risk activities.
  Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions.
• Provide support in regulatory examination, risk assessments and internal audits.
• Review and document procedures to ensure secure maintenance and quality of records.
• Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. SEC Rule 204, SEC Rule 206, Regulation Best Interest, Code of Conduct, etc.).

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 7 years of compliance, regulatory compliance with respect to registered investment adviser products and services.
• Minimum 5 years of financial services experience

Skills and Knowledge

• Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management.
• Ability to interact with federal regulatory agencies.
• Ability to operate effectively in a fast-paced environment.
• Excellent organizational and analytical skills.
• Ability to communicate clearly and professionally with all levels of an organization.
• Excellent written and verbal communications skills.
• Effective interpersonal skills.
• Excellent time management skills and be accustomed to working with deadlines.
• Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
• For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser/ and the OCC.
• For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.

Compensation

Starting base salary: $77,000 to $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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