Job Description
Position Summary The Chief Compliance Officer (CCO) is responsible for ensuring that Texas Regional Bank Capital Markets Division adheres to the relevant laws, regulatory requirements, internal policies and procedures, including queries arising in the normal course of business, outside of examinations, globally. This position plans, organizes, and controls the division's day-to-day operational compliance activities, advises on emerging compliance issues and consults and guides the division in the establishment of controls to mitigate risks. and collaborates with President of Capital Markets with the President of Divisions oversight in the overall administration of these directives for the division.
Principal Duties and Responsibilities - Regulatory: ensure compliance with all applicable laws and regulations, including but not limited to SEC, FINRA, MSRB, and other relevant regulatory bodies.
- Risk Management: identify and assess compliance risks and develop strategies to mitigate these risks.
- Maintains the overall responsibility for Compliance Management Program.
- Maintain and ensure that the policies and procedures of the division comply with appropriate laws and regulations.
- Develop, implement, oversee and monitor the division's compliance policies and procedures.
- Develop strategies ensuring future compliance and mitigation of risks.
- Maintain awareness of all applicable laws and regulations and keeping abreast of recent changes in the law and activities of the division.
- Communicate and provide guidance to the board of directors, senior management, staff and employees on compliance and audit issues.
- Ensure that compliance program scope is adequate, testing schedule is followed, findings are communicated, and corrective action is implemented.
- Maintain a Compliance Calendar to ensure all regulatory deadlines, audits or examinations are met on a timely basis.
- Consistently enforce the control environment through implementation of regular control monitoring and prevent/respond to incidents and gaps in controls.
- Be the primary and central point for legal, compliance, operational, and/or regulatory issues that may require a conduit or further investigation.
- Serve as the primary liaison to all external auditors, clearing brokers, and regulators for the division.
- Coordinate and plan all audits and examinations for the division.
- Perform internal audits as directed by the Risk Management Committee to examine and evaluate the adequacy and effectiveness of the system of management control provided by the division.
- Submit reports to executive business management, appropriate committees and various boards, as required and agreed upon with business management.
- Engage with legal counsel and external compliance resources as needed.
- Function as the AML Compliance Officer for the firm with all corresponding responsibilities.
- Oversee the firm's Anti-Money Laundering Program and KYC Program.
- Carries out management responsibilities in accordance with the organization's policies and applicable laws and regulations.
- Coordinate with and oversee external compliance resources responsible for administration of:
- Firm and Agent Registrations
- State Registrations
- FINRA filings
- MSRB filings
- SEC filings
- Underwriting Filings
- Advertising Regulatory Filings
- Annual Certifications
- Annual Compliance Training
Education and Experience Requirements - Bachelor's degree in finance, law, business administration, or a related field
- Minimum 10 years' experience in compliance, with at least 5 years in a leadership role within the Capital Market sector.
- Relevant Certifications: Series 7 general securities representative; Series 14 compliance officer exam; Series 24 general securities principal; Series 53 municipal securities principal; Series 4 registered options principal license.
- Expertise of federal and state securities laws as well as FINRA and MSRB, rules, regulations, and related business risks.
- Experience in managing regulatory exams and relationships with examiners, auditors, clearing firms, etc.
- Must be physically present in the bank to perform job duties. Dallas location preferred.
- Texas Regional Bank is an Equal Opportunity Employer.
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