Careers

Compliance Examiner - Private Wealth Management

Areas of Interest:

Legal & Compliance, Private Wealth Management

Location:

Chicago, Illinois

Date Posted:

Apr-18-2018

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Company Description:

William Blair is a global investment banking and asset management firm. We are committed to building enduring relationships with our clients and providing expertise and solutions to meet their evolving needs. An independent and employee-owned firm, William Blair is based in Chicago and, together with its strategic partners, operates worldwide.

Job Summary & Responsibilities:

Plan and execute compliance reviews to evaluate William Blair’s compliance with applicable laws and regulatory requirements as it relates to its Private Wealth Management business  (William Blair’s Private Wealth Management department has approximately 100 Advisors who manage approximately $33 billion in client assets.)  Gather, test, and analyze business information and operations to assess levels of compliance.  Identify control weaknesses and violations of established policies and procedures.  Review documentation and report on compliance metrics.  Inform business stakeholders of actual and potential issues, and provide recommendations for improving compliance.  Perform follow-up with business stakeholders to ensure appropriate and timely resolution of compliance issues.
  • Develop and maintain current knowledge of regulatory requirements and developments that may impact William Blair’s Private Wealth Management business and operations
  • Plan and execute compliance reviews for Private Wealth Management area to evaluate William Blair’s compliance with applicable laws and regulatory requirements
  • Gather, test and analyze business information and operations according to pre-defined criteria.  This may include forensic and transactional testing and review of customer and employee trading activity, exception reports, marketing materials, investment statements, customer records and communications, etc.
  • Identify control weaknesses and violations of established policies and procedures
  • Document findings and develop compliance reports which detail issues and include solutions to achieve compliance.  Assist in the presentation of findings and recommendations to management
  • Assist the Chief Compliance Officer in the development of required regulatory filings
  • Assist business stakeholders with the timely and effective resolution of any compliance findings
  • Serve as a resource to business area management and staff to clarify industry regulations

Qualifications:

  • Bachelor’s Degree required, with concentration in Finance, Accounting or Business preferred
  • 5+ years regulatory compliance experience with a registered broker-dealer, registered investment advisor, national securities exchange or self-regulatory organization required
  • Series 7, 63/65, and 24 registrations required , or must be promptly obtained.
  • Knowledge of federal, state and industry regulations applicable to broker-dealers and investment advisors.
  • Understanding of investment products and securities operations for assigned business area(s)
  • Strong verbal and written communication skills
  • Ability to collaborate effectively
  • Project management, technological and prioritization skills 
  • Strong analytical and problem solving skills
  • Attention to detail

As a William Blair associate, you’ll enjoy Medical, Dental, Life and AD&D Insurance, along with a generous profit sharing program that includes a 401K plan in addition to a firm contribution. We also offer three weeks of vacation, flexible spending accounts, a business casual dress code, a 75% discounted commissions on trades, and discounts at restaurants, museums, parks and retailers.

William Blair is an equal opportunity employer. It complies with all laws and regulations that prohibit discrimination in employment practice because of race, color, religion, creed, ancestry, marital status, gender, age, national origin, sexual orientation, unfavorable discharge from the military service or on the basis of a physical or mental disability that is unrelated to the employee's ability to perform the duties of the job applied for.

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