Manager, RJLU Compliance

At Raymond James, we develop, we collaborate, we decide, we deliver, and we improve together.

Raymond James Ltd. is Canada’s leading independent investment dealer, offering high-quality investment products and services to Canadians seeking customized solutions to their wealth management needs.

How does the role impact the organization?

Reporting to the Chief Compliance Officer (CCO) of Raymond James (USA) Ltd. (RJLU), the Manager is responsible for all aspects of compliance oversight as set out in the rules and regulations established by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and various U.S. state securities authorities. The individual collaborates with the CCO to manage RJLU’s compliance program, meeting obligations required by regulations and the business unit.

The Manager supports all aspects of U.S. retail and institutional compliance for RJLU, working closely with compliance and legal teams at Raymond James Ltd. and Raymond James Financial to provide regulatory guidance to financial advisors and Equity Capital Markets (ECM) teams. The role involves being a people leader of a small compliance team, leading optimization initiatives, and maintaining, updating, and drafting policies and procedures regarding controls and processes.

The Manager is expected to be registered as a principal, participate in the team's day-to-day functions, lead and manage projects from regulatory change, and support the program's implementation.

What will your role be responsible for?

• Navigate through FINRA rules, the Securities Exchange Act of 1934, and the Investment Advisers Act of 1940;
• Enhance and optimize the retail and ECM Branch Inspections program through collaboration with Canadian and US affiliates and implementing sweeps;
• Assist with implementing Rule 15a-6 of the SEA regarding sales into the US and chaperoning foreign analysts and bankers;
• Respond to regulatory Requests for Information and participate in FINRA and SEC examinations and internal audits;
• Manage customer complaints and internal investigations; engage legal and dispute resolution teams as needed;
• Engage with US affiliates on marketing content and review processes to provide guidance and ensure alignment;
• Implement significant regulatory changes and ensure effective stakeholder communication through Compliance Bulletins and Written Supervisory Procedures;
• Manage day-to-day escalations from the RJLU compliance team and provide curated advice to compliance and financial advisory teams;
• Train, coach, and develop direct reports;
• Perform other duties as assigned.

What can you expect from us?

Raymond James Ltd offers flexible workstyles, competitive compensation, and a benefits package including Health Benefits, RRSP Matching Program, Employee Stock Purchase Plan, Paid Time Off, Volunteer Days, Discretionary Bonuses, and Tuition Reimbursement. We support internal promotion and community involvement.

What do we expect from you?

Knowledge, Skills and Abilities

• Knowledge of: FINRA and SEC rules and regulations, focusing on the Investment Advisers Act of 1940, and operational nuances of being a registered Broker Dealer and Registered Investment Advisor outside the US.

• Skill in: Verbal, written, and interpersonal communication; distilling regulatory changes into clear messages.

• Ability to: Analyze compliance, operational, and business processes, maintain effective relationships, provide effective solutions, work independently, and pay attention to detail.

Educational/Previous Experience Requirements

• Minimum 7 years in the financial industry, with at least 5 in supervision/compliance;
• Professional education in a relevant field with graduate training preferred (e.g., MBA, JD/LLB, CFA);
• At least two years of team management experience;
• Experience with regulators and audits.

Licenses/Certifications

• Completed CSC and CPH with CSI;
• Completed Series 7 and 24 examinations and are US registered or willing to take/re-take exams if not current.

We encourage our associates to:

• Grow professionally and inspire others;
• Work with others to achieve outcomes;
• Make pragmatic choices with the client in mind;
• Take ownership and hold themselves accountable;
• Contribute to the firm's evolution.

At Raymond James, we value the uniqueness and backgrounds of all Associates. We are an equal opportunity employer, making employment decisions based on merit and business needs.