Compliance Monitoring & Testing Associate

Arrow Search Partners; New York (NY); On-site; USD 110,000 - 120,000; Full time

Job summary

Arrow Search Partners seeks an Associate in Compliance Monitoring and Testing in New York. You will assess business activities for regulatory compliance and support internal policy adherence across the firm.

Responsibilities include developing and reporting on monitoring programs, evaluating control designs, and preparing clear remediation reports while collaborating with Compliance team members to address regulatory inquiries.

Qualifications

• Bachelor's degree required; relevant financial services experience preferred.
• Experience executing compliance testing and drafting reports.
• Strong analytical and data interpretation skills; ability to identify issues clearly.

Responsibilities

• Support development, execution and reporting of monitoring and testing programs to mitigate risk.
• Collaborate on risk assessments, targeted reviews and branch inspections.
• Evaluate control design and test operating effectiveness; prepare remediation reports.

Skills

Compliance testing

Risk assessments

Surveillance

Data analysis

Communication skills

Attention to detail

Team player

Self-starter

Problem-solving

Multi-tasking

Education

Bachelor's degree

Tools

PowerPoint

Excel

Job description

Associate, Compliance Monitoring and Testing

Position Summary

The firm is seeking to hire a Monitoring and Testing Associate to join its Compliance team. The primary objective of this role is to assess business activities and support functions for compliance with applicable laws, regulations and internal policies and procedures.

About Us:

The firm is the investment banking and capital markets business of a global investment and advisory firm. We offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. We are headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston.

Essential Job Functions

• Support the development, execution and reporting of compliance monitoring and testing program to help mitigate risk and promote adherence to regulatory requirements and internal policies and procedures
• Collaborate with compliance team members on risk assessments, targeted reviews of business activities and branch office inspections
• Help evaluate the design of controls and test their operating effectiveness
• Prepare clear, well documented reports identifying issues, and work with issue owners to support the development and tracking of remediation plans
• Perform surveillance reviews of trading and communication activity
• Provide support on regulatory inquiries and investigations, including gathering documentation and assisting with responses
• Help track and report compliance metrics on a recurring basis
• Support the regulatory change management process by helping monitor rule changes and tracking implementation activities

Preferred Qualifications

• Familiarity with the laws, rules, regulatory requirements, impacting broker-dealers, with exposure to those applicable to investment banking, equity and fixed income sales and trading, and research
• Experience in executing compliance testing and drafting related reports
• Working knowledge of risk assessments
• Experience supporting surveillance activities, including email and transaction review Proficiency in organizing and analyzing data, including the ability to develop meaningful metrics from raw data sets
• Excellent verbal and written communication skills, with ability to convey findings clearly
• Highly organized, with strong attention to detail and commitment to accuracy
• Comfortable working both independently and collaboratively as part of a team
• critical thinker who is proactive, curious and brings a creative approach to problem-solving
• Quick learner and self-starter, able to manage multiple priorities with minimal supervision

Basic Qualifications

• Bachelor's / University degree
• 3 - 5+ years relevant experience with a regulator, broker-dealer or other financial services institution
• PowerPoint/Excel skills

Work Location

• Currently, this role is expected to be in the New York office at least 4 days per week
• Annual base salary is between $110,000 and $120,000.
• The base salary represents the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and
• experience. The amount listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.