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Compliance Analyst

Moors & Cabot Inc
Full-time
On-site
Boston, Massachusetts, United States

Role Description

The Compliance Analyst is an integral member of the Compliance department that has a mission to conduct Moors & Cabot business consistent with the highest standards of commercial honor and just and equitable principles of trade. Keeping our customers’ interests foremost is key to Moors & Cabot’s success.  Compliance is an integral part of serving our customers and therefore the firm’s success.  The primary focus of this specific position is oversight and surveillance to protect and safeguard Moors & Cabot, its registered individuals and the clients they serve. This position exemplifies Moors & Cabot’s core values of Integrity, Service is Personal, One TeamCommunication and Initiative by communicating with employees regularly, maintaining confidentiality, performing assigned duties ethically, and being a key support structure within the Compliance team. By being an active, collaborative and engaged employee, this role provides room for growth and advancement opportunities.

This in-office full-time role reports to the Chief Compliance Officer. Working hours are Monday - Friday 8:30 AM to 5:00 PM EST.


Role Responsibilities

  • Conduct onsite/remote branch reviews as part of our risk based internal branch examination process

  • Perform daily trade blotter review and approval with a focus on exception reports

  • Assist with performing firm’s annual supervisory controls and verification testing

  • Review, investigate, and clear all daily Trade Summary Monthly, Account Periodic, and Account Rank surveillance reports

  • Review and approve Advertising/Sales Literature/Public Speaking/Trade Corrections, Annuities, and Direct Business, etc. on RedOak 

  • Perform investigations of potential violation of industry and firm policies, procedures and best practices (document findings and report to CCO)

  • Conduct email, instant messaging, social media, and other electronic communication surveillance in accordance with firm policy and involve Branch Management as needed

  • Monitor Firm and Regulatory Element Continuing Education training

  • Research and respond to regulatory information requests

  • Work closely with Branch Managers on investigations involving trading activity in their respective branches

  • Review and oversee active/inactive accounts, advisor account cash balances, and Quarterly Fees

  • Enhance and implement Compliance policies, processes, and procedures

  • Organize outside brokerage account approvals and review trading activity in employee outside accounts 

  • Serve as administrator for various compliance applications such as Bridger, Red Oak, Red Ed, Smarsh, LinkedIn etc.

  • Keep abreast of changes in regulatory rules and guidelines

  • Send various approved firm letters and notifications to customers, as needed

  • Organize and maintain content on Compliance Intranet site 

  • Maintain accurate hard copies of client files for Compliance and establish filing system

  • Take initiative in career growth by engaging in provided development opportunities

  • Be an active culture carrier within teams and contribute to a positive team morale

  • Other projects as assigned


Key Measurements

  • Ability to build rapport with internal and external contacts

  • Thoroughness and accuracy of assigned task including but not limited to branch exams, controls testing, continuing education and social media oversight

  • Accomplishment of annual organizational, team and personal goals as communicated by management


Minimum Requirements

  • Bachelor’s degree in a business related field

  • At least 2-5 years in a compliance or risk role for a broker dealer and/or investment advisor

  • FINRA Series 7, 24, and 63/66

  • Confident in using Microsoft Office Suite and Google Suite

  • Strong interpersonal skills 

  • Ability to maintain confidentiality

  • Prior experience with compliance-related monitoring systems 

  • 5% domestic travel for branch exams

  • Competent in the following Knowledge, Skills, and Abilities:

    • Customer Service

    • Attention to detail

    • Clerical Work

    • Reading, Writing, and Oral Expression and Comprehension

    • Basic Math

    • Social Perceptiveness

    • Time Management 

    • Empathy

    • Critical Thinking and Problem Solving

    • Deductive and Inductive Reasoning

    • Social Media 


Preferred Requirements

  • Experience using DocuSign and Adobe Acrobat


Compensation & Benefits

  • Salary commensurate with experience

  • Total Rewards Benefits Package:

    • Medical with HRA/HSA

    • Dental & Vision

    • Company paid Short Term Disability, Long Term Disability and Basic Life Insurance

    •  Supplemental Life insurance for employee, spouse, and dependents

    • 401k plans with yearly match

    • Flexible spending accounts

    • PTO: vacation, personal days, sick time, and volunteerism day to encourage community involvement

    • Critical Illness & Accident Insurance

    • Employee Assistance Programs

    • Employee Discount Programs


About Us

Since its founding in 1890, Moors & Cabot and its people have defined the meaning of financial services. The firm has participated in the retail sale of stocks and bonds to individuals and the institutional sale of stocks and bonds to most of Boston's money management firms. In addition to specializing in wealth management through full service registered representatives, Moors & Cabot offers investors additional investment tools such as cash management accounts, retirement planning, mutual funds, annuities and other insurance products.

Moors & Cabot is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

We utilize the Department of Homeland Security’s employee authorization program, E-Verify. E-Verify confirms employment eligibility by comparing the employee's Form I-9 information entered in E-Verify by the employer with the information in records available to SSA and/or DHS.