Job Description

Broker Dealer Compliance Team Member

The Broker Dealer (BD) Compliance team is responsible for ensuring that the Firm's policies and procedures are applied consistently in the regulatory review of new applicants. Our core function is to evaluate prospective individuals against the Firm's standards, as well as the rules and regulations governing our highly regulated industry. We guide and advise internal and external partners throughout the onboarding and approval process, helping them understand eligibility requirements, documentation expectations, and potential risk indicators. We work in partnership to identify compliant solutions where possible, supporting our business partners and field force in bringing qualified applicants into the organization while maintaining regulatory integrity and protecting the Firm.

What You'll Do:

• Conduct thorough reviews of each applicant, including background reports, internet searches, disclosure history, and all other available information sources.
• Identify regulatory concerns, issues prohibited by firm policy, and other risk factors that may impact the applicant's affiliation.
• Develop and submit targeted questions to stakeholders to clarify discrepancies, address concerns, and obtain missing information.
• Analyze responses to determine overall risk level and recommend appropriate next steps.
• Prepare Outside Business Activity (OBA) acknowledgment letters and generate detailed regulatory filing instructions.
• Review Office Sharing arrangements for new applicants to ensure alignment with regulatory and firm requirements.
• Apply strong critical-thinking and sound judgment when evaluating complex information or ambiguous situations.
• Collaborate with external and internal partners to ensure regulatory and firm expectations and requirements are clearly communicated and consistently met.
• Document findings, decisions, and rationale in accordance with firm policies and regulatory standards.
• Provide secondary review for regulatory responses to ensure accuracy, completeness, and consistency.
• Identify and maintain key risk areas to support the development and enhancement of compliance training and improvements to systems related to onboarding review.
• Deliver occasional training to internal and external partners on compliance topics related to onboarding and applicant review.
• Input cases, documentation, and decisions into firm-approved tools and systems with accuracy and timeliness.
• Stay informed on new regulations, policies, technologies, and associated compliance implications to support proactive risk identification.
• Participate in project work as assigned to support department initiatives and enhance compliance processes, included but not limited to large recruiting deals and acquisitions.
• Assist with phone calls received through the Compliance Inbox.
• Respond to and address general inquiries from external and internal partners to ensure compliance with applicable laws, regulations, and firm policies and procedures.

What You Need to Have:

• 1-3 years of BD Compliance experience
• FINRA Series 7 & 24 required
• HS Degree at minimum, with Bachelor's Degree preferred.
• Regulatory Knowledge: Strong understanding of FINRA, SEC, and state regulatory frameworks; ability to interpret and apply industry rules, regulatory guidance, and firm policies.
• Critical Analysis: Ability to evaluate complex information, identify patterns or inconsistencies, and make accurate, risk-based determinations.
• Attention to Detail: Consistently ensures accuracy, completeness, and precision when reviewing and documenting information.
• Critical Thinking: Demonstrates sound judgment and logical reasoning when assessing ambiguous situations or competing information.
• Communication: Delivers clear, concise, and professional written and verbal communication to stakeholders at all levels of the organization.
• Collaboration: Works effectively with cross-functional partners to resolve issues, share information, and support a smooth and compliant onboarding process.
• Adaptability: Manages high volumes, shifting priorities, and changing requirements while maintaining quality and meeting deadlines.
• Confidentiality & Integrity: Upholds strict standards for handling sensitive information and consistently acts with professionalism and ethical responsibility.
• Technology Proficiency: Demonstrates strong working knowledge of Microsoft Office (Excel, Word, PowerPoint) and familiarity with Salesforce (preferred).
• Interpersonal Relations: Builds positive, respectful relationships; fosters trust and open communication with internal partners and field personnel.

Compensation:

The base salary range for this role in Dallas, TX is $66,000 - $95,000, plus a competitive performance-based bonus. Base salary depends on a wide array of factors, including but not limited to skill set, years and depth of experience, certifications, and location. Salary range may also differ significantly due to geography and cost of labor considerations.

#LI-Hybrid

Job Tags

Similar Jobs