Senior Associate, Regulatory Supervision

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

Benefits offered by this job

Medical, dental, and vision coverage

Health Savings Account with company‑s­

Flexible Spending Accounts (FSA)

Pre-Tax Commuter Benefits

401(k) plan with company match

Tuition reimbursement

Paid time off

Paid holidays

Charitable donation matching

Job summary

Wedbush Securities in Pasadena, CA is seeking a seasoned compliance professional to supervise Prime Brokerage activities, perform ongoing due diligence on correspondent clients, and assess regulatory changes.

You will monitor CAT/CAIS filings, large trader activity, and draft updates to WSPs; 5+ years of related experience and FINRA licenses required. The role offers comprehensive benefits and competitive compensation.

Qualifications

• 5+ years of related experience in compliance or audit.
• FINRA licenses: Series 7, 63/66, 24 required; Series 57, 9/10 preferred.
• Knowledge of CAIS/CAT, Microcap securities, DMA and Prime Brokerage.
• Experience in broker-dealer operations and regulatory rules.
• Excellent communication and presentation skills across departments.
• Highly organized with the ability to manage multiple projects.

Responsibilities

• Supervises Prime Brokerage monitoring of clearing activity.
• Reviews receipt of low priced securities for correspondent clients.
• Provides regulatory oversight by monitoring CAIS/CAT filings and reports.
• Assists with resolution of rejections.
• Monitors Large Trader activity and issues notices.
• Performs ongoing correspondent due diligence reviews.
• Reviews changes in regulations and drafts updates to WSPs and procedures.

Skills

Regulatory compliance

Audit experience

Communication skills

Analytical thinking

Multi-tasking

Industry knowledge

Tools

CAIS/CAT systems

Trade reporting systems

DMA access

Job description

Job Description

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

Job Description

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

The position is responsible for the reviewing certain correspondent activity and supervision of Prime Brokerage and Professional Trading clients. The position conducts periodic due diligence reviews (tock deposits, ongoing correspondent due diligence, etc.), assess the impact of potential and enacted regulatory changes, and provides compliance 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/CAIS filings and reports and assists with resolution of rejections


• Monitors Large Trader activity and sends appropriate notices


• Provides ongoing correspondent due diligence reviews


• Reviews existing and emerging regulations, standards and/or guidance updates and makes recommendations to management on services to assist correspondents


• Drafts new and provides updates to division WSPs and reviews desk procedures 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/Control securities, and Prime Brokerage


• Experience and understanding of broker-dealer operations and rules as they relate to fully disclosed broker-dealers and clearing firm responsibilities


• Experience in compliance-related or audit area


• Excellent communication and presentation skills with the ability to communicate effectively across various departments and levels of the organization


• Highly organized and able to multi-task and manage multiple projects 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 Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family


• Health Savings Account with company-sponsored contributions


• Flexible Spending Accounts (FSA) traditional and dependent care


• Pre-Tax Commuter Benefits


• 401(k) plan with discretionary, competitive company matching and profit-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 Time Off, Disability, etc.)


• FINRA License Sponsorship


• Travel & Employee Assistance and Employee Discount Programs

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

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq,, Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.