Associate I, CRU Risk

Socket.dev; Chicago (IL); On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Disability insurance

Life insurance

401(k) and profit sharing

Paid time off

Parental leave

Maven family & fertility benefit

Job summary

William Blair's CRU Risk team seeks an Associate I to support supervisory, compliance, operational and reputational risk functions within Private Wealth Management. You'll collaborate with Risk, Compliance, Legal, Operations, Technology, and business colleagues to maintain a strong control environment and adhere to laws and internal policies.

You will assist with risk analytics, inquiries, audits, onboarding of Wealth Advisor recruits, and use approved technology and AI-enabled tools to improve

Qualifications

• Bachelor's degree or equivalent education/experience
• 1 year of relevant experience
• SIE Exam, Series 7 and 66 preferred; SIE exam and Series 7, 66 completed within 120 days
• Series 9 & 10 licenses preferred
• Basic knowledge of SEC, FINRA and Firm Compliance Policies
• Effective written and verbal communication skills
• Strong attention to detail
• Ability to prioritize and identify complex problems and escalation as necessary
• Basic analytical capabilities
• Ability to interact with Wealth Advisors and clients

Responsibilities

• Learn supervisory, compliance, risk responsibilities for home office and branches
• Monitor progress of inquiries requiring escalation
• Adhere to business ethics and regulatory practices
• Assist with supervisory approvals and timely handling
• Respond to inquiries about PWM policies and regulations
• Collaborate with Legal and Compliance on complaints and litigation
• Support audits and address findings
• Learn to monitor people risk and escalation process
• Handle confidential information with utmost care
• Learn risk review and onboarding of Wealth Advisor recruits
• Assist in gathering, validating, and analyzing supervisory data for risks and improvements
• Use approved technology, automation, and AI-enabled tools to improve processes
• Partner with Risk, Legal, Compliance, Operations, Technology on investigations and actions
• Additional responsibilities as requested

Skills

Communication skills

Attention to detail

Discretion

Problem solving

Work ethic

Interpersonal skills

Ability to learn

Education

Bachelor's degree or equivalent

Job description

Solutions for Today’s Challenges. Vision for Tomorrow’s Opportunities.

Join William Blair, the Premier Global Partnership.

The Associate I, CRU Risk is responsible for developing foundational knowledge of supervisory, compliance, operational, reputational, and other risk functions. In conjunction with Risk, Compliance, Legal, Operations, Technology, and business colleagues, the Associate I supports a consistent control environment through adherence to business ethics and practices, all applicable Federal, State and Local laws, William Blair’s Private Wealth Management ("PWM") policies, and other regulations. The role also supports risk analytics, trend monitoring, and the appropriate use of approved technology and automation tools to improve supervisory effectiveness and consistency.

Essential Responsibilities:

• Learn and understand responsibilities related to all risk, supervisory, and compliance functions for home office and branch location(s).


• Monitor progress of any supervisory inquiry or process that requires escalation of review.


• Develop a sound understanding of and adhere to business ethics and regulatory and compliance practices.


• Assist with ensuring that supervisory approvals are handled appropriately and timely.


• Reply to inquiries related to William Blair’s Private Wealth Management policies and other regulations.


• Collaborate with the Legal and Compliance Department for customer complaints and litigation.


• Provide support in response to audits, and ensure that any audit findings are appropriately responded to and remediated.


• Learn how to monitor people risk, and the process for escalating concerns to management.


• Handle and maintain confidential information with utmost care.


• Learn how to perform the risk review and onboarding of Wealth Advisor recruits. Ensure full understanding of the process and tasks involved.


• Assist in gathering, validating, and analyzing supervisory data to identify exceptions, emerging risks, trends, and opportunities for process improvement.


• Use approved technology, automation, and AI-enabled tools to improve the efficiency, consistency, and effectiveness of supervisory processes.


• Partner with Risk, Legal, Compliance, Operations, Technology, and business colleagues to support investigations, corrective actions, and strategic initiatives.


• Additional responsibilities as requested

Qualifications:

• Bachelor's degree required, or equivalent education or experience


• A minimum of 1 year of previous experience required in a related role or field.


• SIE Exam, Series 7 and 66 preferred; SIE exam and Series 7, 66 will need to be completed within 120 days (new hires - post 10/1/2018, for US only)


• Series 9 & 10 licenses preferred


• Basic knowledge of SEC, FINRA and Firm Compliance Policies and Procedures


• Effective written and verbal communication skills


• Strong attention to detail


• Ability to prioritize and identify complex problems and escalation as necessary


• Basic analytical capabilities


• Ability to organize and prioritize workflow and assignments in a deadline-oriented environment


• Ability to interact with Wealth Advisors and clients


• Excellent judgment and the ability to be discreet in all matters


• Strong work ethic


• Ability to learn and effectively use approved supervisory technology, data analytics, automation, and AI-enabled tools.

A reasonable estimate of the current base salary range at time of posting is below. Base salary does not include other forms of compensation or benefits. Actual base salary within the specified range is based on several factors, including but not limited to applicant's skills, prior relevant experience, specific degrees and certifications, job responsibilities, market considerations and, if applicable, the location of the position.

This role is eligible for either a discretionary annual bonus (based on company, business unit and individual performance) and/or commission-based incentives.

Our featured benefit offerings include medical, dental and vision coverage, employer paid short & long-term disability and life insurance, 401(k), profit sharing, paid time off, Maven family & fertility benefit, parental leave (including adoption, surrogacy, and foster placement), as well as other voluntary benefits.

Salary Range

$60,000 — $85,000 USD

About Our Firm

William Blair strives to attract qualified candidates who specialize in investment banking, investment management, private wealth management, and other strategic resource groups. We are committed to empowering our colleagues to deliver client success and engage in our communities. Our firm has delivered trusted advice for nine decades, continuing to deepen our expertise and relationships across asset classes and markets throughout North America, Europe, and Asia. We provide advisory services, strategies, and solutions to meet clients’ evolving needs amid dynamic market conditions and varying industries. What sets us apart is that we are an independent partnership, with colleagues who have unique experiences, perspectives, and backgrounds. We empower our people to bring their best thinking so we can deliver the tailored, thoughtful work and problem-solving abilities that our clients expect. We invite you to learn more about us by visiting williamblair.com.

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. EOE m/f/d/v

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