Compliance Officer - Brokerage - Securities Admin

Summary

Responsible for conducting reviews and performing regulatory monitoring as required under Written Supervisory Procedures to assess the organization's level of compliance with applicable laws and regulations.

Expected to work independently with minimal supervision within team to lead in the identification and assessment of risks within the company, through the execution of procedures designed to evaluate the compliance with laws, regulations, and industry standards. In addition, expected to make recommendations to management for closing gaps identified during the reviews.

The Securities industry is highly regulated. This person will also be expected to complete all assigned compliance training timely and maintain professional licenses as required.

Essential Function

Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and /or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

Maintain ongoing understanding of FINRA rules and regulations; BSA & AML.

Assist with the development of WSI's (WesBanco Securities Inc.) risk and compliance management practices and programs.

Ability to disseminate written policies and procedures related to compliance activity.

Provide compliance guidance to licensed advisors and licensed bankers and support staff.

Assist to resolve complaints.

Review new accounts for suitability and best interest and day-to-day broker activity.

Assist in review and implementation of WSI's compliance program to ensure effectiveness.

Assist with testing of procedures and creation of new procedures with changing regulatory needs.

Assist in licensing and FINRA Regulatory & Firm Element and insurance continuing education for all licensed individuals.

Assist with internal and external audits.

Assist with the formulation/taking correction actions when necessary to respond unexpected compliance events.

Review communications of advisors.

Assist with compliance review of all marketing/sales material.

Assist with various communication and training as needed with staff and registered representatives.

Assist with branch reviews.

Preparation of various reports.

Electronic communication review.

Knowledge

Ability to administer various filings on the CRD System.

In-depth knowledge of a broad range of securities and insurance products.

In-depth knowledge of FINRA rules and regulations and Securities and Risk Management principles.

In-depth knowledge of current economic and market conditions and legislation.

In-depth knowledge of criteria for determining suitability of proposed purchase of securities/insurance products for each individual client's needs.

In-depth knowledge of legal principles of client's capacity/authority to transact business, and the authority of agents, attorneys in fact, executors, administrators and others to transact business on client's behalf.

Skills

Ability to exercise independent sound, judgment and discretion and understand when assistance is needed.

Must be able to work effectively with a wide variety of departments, managers, staff, clients and auditors.

Strong interpersonal and communication (written and verbal) skills.

Ability to evaluate and analyze products and services, and vendors.

Represents the Company in civic, community and industry functions to network and develop additional business.

Computer Skills

Solid computer skills in Microsoft Office Suite.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements:

Education/Experience

Associates Degree in Business, Finance, Accounting or related degree preferred.

Minimum of three years of experience in the securities industry.

Experience and knowledge as compliance officer for both Broker/Dealer and Registered Investment Advisor.

Certifications/Licensing Required

Series 7

Series 63 & 65 or 66

Series 24 or Series 9/10 – Must be obtained within 90 days of start date.

State Insurance licensed