Job Description

The Risk and Control team is responsible for implementing and monitoring the firm’s internal risk management, independence and compliance testing of policies and procedures. The Risk Associate role is to be a solutions-minded team member responsible for performing surveillance, monitoring, exam, and threshold reviews of policies and procedures of the firm to assist in the proper risk review, analysis, and mitigating efforts to reduce any firm exposure.

JOB RESPONSIBILITIES/MAIN FUNCTIONS

• Assist with the surveillance and monitoring all critical or major risks to the firm that need periodic review and measurement.
• Assist with analyzing, approval, and monitoring counterparty risk and trading limits on a per account and firm level.
• Prove assistance to business units in the identification, development, and evaluation of business areas' risks and controls.
• Assist with the assessments of business risks and controls via targeted exam processes.
• Assist with performing Branch examinations when necessary.
• Manage the process of monitoring, validating and closing issues that arise out of management observations and internal or external reviews.
• Assist in the management of the due diligence and third party vendor process.
• Provide advice and guidance to the business units on risk management, mitigation, and controls.
• Conduct ad-hoc compliance & risk assessments.
• Prepare reports and presentations to risk management and firm leadership.

JOB REQUIREMENTS (EDUCATION AND EXPERIENCE)

• Bachelor’s degree preferably with accounting, audit or finance background.
• Requires a minimum of 5+ years experience in the financial service industry, preferably within a Registered Investment Adviser-broker/dealer environment.
• FINRA licenses 7 and 24, preferred.
• Knowledge or experience with audit exam procedures.
• Knowledge or experience with risk assessments or management.
• Ability to oversee a number of risk types, ideally including credit, market, operational, investment, regulatory, concentration and counterparty risk.

JOB COMPETENCIES (KNOWLEDGE, SKILLS AND CAPABILITIES)

• Problem-solving and decision-making skills, with the ability to analyze complex information to identify the key issue/action and drive resolution.
• Strong communication and interpersonal skills.
• Ability to reach out to team members and colleagues to resolved issues.
• A positive attitude; able to work effectively with colleagues across the organization.
• Knowledge of rules and regulations pertaining to the Registered Investment Adviser-broker/dealer business.
• Able to work independently, set priorities, and deliver results.
• Fluent in English and Spanish.
• Use of systems like Microsoft Office 365, Power BI, Adobe, etc.

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