Senior Associate, Regulatory Supervision

Wedbush; Pasadena (CA); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Medical/Dental/Vision

401(k) Matching

Tuition Reimbursement

Paid Time Off

Paid Holidays

License Sponsorship

Job summary

Wedbush Securities in Pasadena seeks a Senior Associate, Regulatory Supervision to oversee Prime Brokerage activity, perform due diligence and assess regulatory changes. The role focuses on compliance reviews and supervisory controls across correspondent clients and clearing functions.

The ideal candidate has 5+ years in regulatory supervision, FINRA licenses, and deep knowledge of CAIS/CAT, DMA and Large Trader Rules.

Qualifications

• 5+ years of relative experience in regulatory supervision.
• FINRA licenses: 7/63/66/24 required.
• FINRA Series 57, 9/10 preferred.
• Knowledge of CAIS/CAT, DMA, Large Trader Rules.
• Experience with broker-dealer operations and clearing responsibilities.
• Strong communication and analytical skills.

Responsibilities

• Supervises Prime Brokerage and monitoring of clearing activity.
• Reviews receipt of low priced securities for correspondent clients.
• Provides regulatory oversight via CAIS/CAT filings and reports.
• Monitors Large Trader activity and issues notices.
• Assesses new regulations and suggests improvements to services.
• Updates WSPs and desk procedures for compliance.

Skills

FINRA Licenses: Series 7/63/66/24

Series 57, 9/10 preferred

CAIS/CAT/DMA knowledge

Broker-dealer operations

Communication skills

Analytical thinking

Job description

Senior Associate, Regulatory Supervision

Wedbush Securities is one of the largest securities firms andinvestment banks in the nation. We provide innovative financialsolutions through our Wealth Management, Capital Markets, Futures andAdvanced Clearing & Prime Services divisions. Headquartered in LosAngeles, California with over 100 offices and more than 80correspondent offices, our commitment to providing relentless,customized service is the foundation of our consistent growth.

The position is responsible for the reviewing certain correspondentactivity and supervision of Prime Brokerage and Professional Tradingclients. The position conducts periodic due diligence reviews (tockdeposits, ongoing correspondent due diligence, etc.), assess theimpact of potential and enacted regulatory changes, and providescompliance recommendations as appropriate.

Responsibilities include but not limited to:

• Supervises Prime Brokerage and monitoring of clearing activity
• Reviews receipt of low priced securities for correspondent clients
• Provides regulatory oversight by monitoring division CAT/CAISfilings and reports and assists with resolution of rejections
• Monitors Large Trader activity and sends appropriate notices
• Reviews existing and emerging regulations, standards and/orguidance updates and makes recommendations to management on servicesto assist correspondents
• Drafts new and provides updates to division WSPs and reviews deskprocedures to ensure compliance with the Firm's WSPs
• Performs other duties as required and assigned

Experience and Skills

• 5+ Years of relative experience
• FINRA Series 7, 63/66, 24 requires
• FINRA Series 57, 9/10 preferred
• Knowledge of CAIS/CAT, Microcap Securities, Trade Reporting,Clearance/Settlement, DMA, Large Trader Rules, Restricted/Controlsecurities, and Prime Brokerage
• Experience and understanding of broker-dealer operations andrules as they relate to fully disclosed broker-dealers and clearingfirm responsibilities
• Experience in compliance-related or audit area
• Excellent communication and presentation skills with the abilityto communicate effectively across various departments and levels of the organization
• Highly organized and able to multi-task and manage multipleprojects and competing priorities without sacrificing accuracy or efficiency
• Strong analytical, problem-solving, and critical-thinking skills
• Ability to work in a constant state of alertness and safe manner

What We Offer

As part of our overall compensation package, Wedbush Securitiesoffers an array of diverse benefits to all our colleagues. We believethat providing competitive benefit options yields the advantageousreward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiplehealth plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• 401(k) plan with discretionary, competitive company matching andprofit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer TimeOff, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role hasnot been adjusted for the applicable geographic location. A reasonableestimate of the current range is $90,000 to $140,000. Colleagues maybe eligible for additional, discretionary incentive compensation basedon the colleague's and the firm's performance. Decisions regardingcompensation are determined on a case-by-case basis and are dependenton a variety of factors including but not limited to skill sets;experience and training; licensure and certifications; and otherbusiness and organizational needs.

Wedbush Securities (WS) is proud to be an Equal EmploymentOpportunity employer. WS does not discriminate based on race,religion, color, creed, sex, sexual orientation, gender, genderidentity or expression, national origin, ancestry, citizenship status,registered domestic partner status, uniform service member status,marital status, pregnancy, age, medical condition, disability, geneticinformation, family care or medical leave status, or any otherconsideration made unlawful by applicable federal, state, or locallaws, or on the basis that an applicant or Colleague is perceived tohave these characteristics or is associated with someone who isperceived to have these characteristics. WS aims to foster a cultureof inclusion where all Colleagues are valued for their uniquecontributions to the firm as well as provided equal opportunities to succeed.

This position is subject to various laws or regulations that imposerestrictions or prohibitions for employment with Wedbush due tocriminal history. Those laws or regulations include but are notlimited to, the following: Securities Exchange Act of 1934 (SEA) Rule17a-3, et. seq,, Financial Industry Regulatory Authority (FINRA) Rules3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.