Associate, Broker-Dealer Private Side Compliance Advisory

Role Description

The Compliance group within SMBC Nikko Securities Inc. serves as a regulatory advisory function to the President and is responsible for overseeing the management of the broker dealer's compliance risk and is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, IT Risk and Training committees.

The Compliance Advisory Associate role assists in managing coverage areas or processes under the oversight of one or more senior team members. Incumbents are typically developing subject matter experts and known internally and externally as a reliable, knowledgeable resource. Incumbents may develop and exercise business plans, policies and procedures, as well as oversee various assigned projects to improve efficiencies.

Individual Associates at this level have a developing understanding of the firm's different businesses and the related economics.  Primary focus of role is on day-to-day advisory and monitoring, although role also supports strategic planning within area of coverage.

Reports to a senior member of Private Side Compliance Advisory for SMBC Nikko Securities Inc.

Role Objectives

• Assists in providing regulatory and compliance advice, identifying training needs, preparing and providing training and conducting monitoring of relevant business units.

• Assists in providing advice on regulatory and compliance requirements to business unit staff so that they may conduct their business in conformance with regulatory requirements.
• Assists in providing regulatory guidance on establishing a reasonably designed supervisory system including to assist the front office in creating and updating written supervisory procedures.
• Participates along with senior team members in monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements.
• Supports interactions with regulators and Internal Audit during compliance-related examinations / audits related to coverage area.
• Advises business units on the maintenance of their policies and procedures with focus on current compliance framework as reference point.
• Coordinates and collaborates with affiliates to address cross border issues, reporting requests and special projects.
• Seeks operational efficiencies and automation of processes to reduce risk of manual processes.
• Assists in providing training to covered business units.
• Contributes to various reporting requirements and other ad hoc reviews.
• Works closely with other supporting units to help create and maintain best practice across the Firm.

Qualifications and Skills

Critical Job Knowledge and Core Competencies/Skills:

• 4-7 years of regulatory and/or advisory compliance experience at a broker dealer.
• A solid foundation in US securities laws and regulations and broker dealer operations.
• Ability to communicate this knowledge and applicability to SMBC Nikko Securities Inc. and affiliate operations.
• Familiarity with the products, services and business of SMBC Nikko Securities Inc. and affiliates.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Ability to translate technical subject matter and convey it in easily understandable components for the clients.
• Attention to detail and discipline to follow up on issues until resolved.
• Must be well organized with project management skills.
• BA/BS required. Series 7, 79 a plus.