Finance

Wealth Management Operations (“WMO”) works with the field to support transactions involving Low Priced Securities (“LPS”). WMO-LPS conducts due diligence to ensure that Business Units have correctly determined client/issuer LPS eligibility criteria, as defined in the LPS Compliance Policy. An important part of the service provided by WMO-LPS is education and guidance to the FA’s, CSA’s, Risk and Service Organizations on internal procedures and regulatory updates.

Position Summary and Responsibilities:
• Maintain knowledge of the current regulatory environment for Penny Stocks and Microcap Securities
• Ensure compliance with all internal and external regulatory requirements such as AML, KYC regulations, suitability standards, and internal LPS policies
• Responsible for the daily monitoring and review of low-priced transfers (ACATS, DRS, DTC, DWAC & Physical Stock Certificates)
• Responsible for reviewing low-priced purchases, deposits & sale orders requests
• Respond to Branch inquiry requests and advise the field on the LPS policies
• Perform surveillance and monitoring to identify patterns and trends that require escalation to Risk & Compliance
• Experience with reviewing contracts, stock purchase agreements, stock certificates and merger agreements
• Execute due diligence and conduct research online via external databases (e.g., OTC Markets, Edgar).
• Maintain knowledge of the Securities Act of 33 & Exchange Act of 34, Rule 144, Rule 903 & 904 Regulation S, and Section 16

Qualifications
• Undergraduate degree
• 3+ years of experience with a brokerage firm or securities regulatory agency
• Excellent communication and time management skills
• Attention to detail
• Ability to think outside the box
• Knowledge of external databases
• Proficiency with Microsoft Excel and PowerPoint
• Ability to work well in a closely coordinated team.
• Progress towards Client SIE, Series 7/63 (or 66) a plus – not required

All your information will be kept confidential according to EEO guidelines.