Job Description
Note: The job is a remote job and is open to candidates in USA. Revolution Technologies is seeking a Regulatory Operations Analyst to monitor client asset control, ensure compliance with industry regulations, and improve operational efficiency. The role involves collaborating with management to maintain compliance, develop reports, and assist in regulatory reporting. Responsibilities • Monitors daily securities possession or control requirements to ensure compliance with the Customer Protection Rule (15c3-3); proactively communicates deficits and any identified issues to the LOBs to reduce firm deficits • Compiles and reviews regulatory reporting information used for Weekly Reserve and Monthly FOCUS reporting; ensures that reporting information is compliant with applicable industry regulations (e.g. 15c3-3, 15c3-1) • Monitors operational suspense and clearance accounts, inventory, and dealer accounts to ensure compliance with firm accounting policies/industry regulations; escalate identified issues to Supervisor/Manager and the relevant line of business • Assists and provides input in the interpretation of new/changing securities rules, regulations, policies or laws; updates processes for compliance with rules and regulations as well as departmental procedures • Compiles operational account information for internal and external auditors (e.g. FINRA, SEC) with limited oversight • Plans and executes remediation efforts for any identified issues with minimal guidance/support from Supervisor/Manager; assists the Manager or Senior Analyst in formalizing milestones needed to implement corrective action plans for any identified issues • Identifies opportunities for operational efficiency and productivity improvements to mitigate financial, reputation and regulatory risk; suggests solutions to Supervisor/Manager • Assist Manager or Senior Analyst in the design, planning, and execution of testing strategies; under direct supervision, may lead the testing efforts of other analysts; communicate any issues to management that require immediate attention in a clear and concise manner; draft recommendations to mitigate risk • Assists in the development and coordination of periodic operational performance reports/scorecards for Management, including trend analysis and recommended strategies • Performs daily and weekly quality review of reconciliation specialist's work as needed to ensure reconciliations are accurate, complete and that discrepancies have been resolved in a timely manner • Coordinates/participates in the quarterly examination and verification of physical securities held on premises • Participates in projects and performs other duties and responsibilities as assigned Skills • SIE and Series 99 required • Bachelor's Degree (B.A.) in related field and minimum of two (2) years' experience in the areas of accounting, banking and/or financial service • Knowledge of brokerage operations and how functions performed by Operations Control align with business partners • Knowledge of financial industry rules, regulations and laws relating to processes performed by Operations Control • Knowledge of regulatory terminology, concepts, and guidance • Knowledge of brokerage industry and financial markets • Knowledge of accounting principles/concepts • Knowledge of concepts, practices and procedures for testing operational systems/processes • Skill in conducting quality control reviews for functions performed within Operations • Skill in creating procedure and business process workflow documentation • Skill in evaluating processes/systems and identifying risks and controls; recommending appropriate actions/revisions to resolve any identified gaps or mitigate risk • Skill in executing training materials/programs • Skill in executing test strategies, methodologies and analysis • Skill in operating standard office equipment and using required Microsoft Office 365 software (Excel, Access, PowerPoint) and other software applications • Ability to proactively engage, collaborate and influence business partners in the adoption of identified opportunities to create or enhance a control or process • Ability to support efforts in the evaluation or implementation of a control or process • Ability to interpret financial/brokerage rules, regulations and security laws with minimal guidance; ensure all industry rules, regulations, and security laws that apply to a process are correctly followed • Ability to manage multiple tasks with changing priorities; meet deadlines in a fast-paced environment with constant interruptions; adapt to a constantly changing environment • Ability to demonstrate strong numerical aptitude and use critical thinking when solving operational problems • Ability to provide a high level of customer service Company Overview • Revolution Technologies is a staffing and recruiting company that offers contract staff augmentation and permanent staffing solutions. It was founded in 1993, and is headquartered in Melbourne, Flor
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