Principal Compliance Advisor - Registered Investment Advisor
Location:
McLean , Virginia
Posted:
February 08, 2017
Reference:
R14080
1750 Tysons (12023), United States of America, McLean, Virginia

Principal Compliance Advisor - Registered Investment Advisor

Title: Principal Compliance Advisor – Registered Investment Advisor
Level: Principal Associate



Job Description:
The Principal Compliance Advisor, performs a key risk management role (second line of defense), to help ensure corporate initiatives and lines of business processes comply with applicable laws and regulations. While working within the Compliance Management Program framework, the Principal Compliance Advisor is responsible for delivering quality results, providing compliance advice to lines of business, and executing or participating in corporate processes.

The Principal Compliance Advisor will support lines of business by:
-Providing input on business regulatory requirements;
-Providing guidance on business policies, standards, and procedures;
-Leading and reviewing department training, as appropriate;
-Providing compliance advice on projects;
-Providing guidance on controls over regulatory requirements and line of business monitoring of those controls;
-Performing targeted tests on lines of business controls and provide guidance on identified risks


Responsibilities:
-Provide effective challenge and guidance on compliance risks and support lines of business through various interactions and forum engagements
-Advise lines of business on application of Compliance requirements, such as: new products, process development, development of controls and monitoring, remediation/corrective action of compliance breakdowns, and change in law or regulation
-Advise lines of business in the development and maintenance of the Compliance Program, such as how to monitor, report, and train
-Develop strong understanding of applicable laws and regulations
-Evaluate Internal Audit, Regulatory Exam, and self-identified issues and events for compliance impacts
-Support lines of business through advice, influence adjustments to the processes, procedures, and controls
-Conduct targeted validations on controls over applicable regulations
-Perform and review control assessments executed by peers for accuracy and adherence to test procedures
-Participate in annual compliance testing (i.e. 206(4)-7 Testing) and third party compliance
-Maintain strong understanding of Compliance Risk Management Framework and applicable laws and regulations
-Identify trends in data for potential risk impacts
-Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate Compliance Risk Management

-Participate in Form ADV preparation

-Participate in regulatory reporting activities as directed

-Assist in the preparation of materials and present at the annual compliance meeting
-Supporting Compliance teams as a subject matter expert

-Other compliance duties as assigned

-Strong attention to detail

-Ability to take initiative

-Ability to prioritize and handle numerous competing demands in a high-volume, fast-paced work environment with frequent urgent deadlines

-Ability to work independently or as a team member

-Should possess professionalism, sound judgement, and strong interpersonal skills

-Excellent verbal and written communication skills

-Flexibility to travel to various Capital One locations as necessary (approximately 10% travel)

Basic Qualifications:
-High School Diploma, GED or equivalent certification, or Military experience

-At least 3 years of experience working in compliance, or at least 3 years of experience working in legal, or at least 3 years’ experience working in audit for a Registered Investment Advisor or a securities regulatory authority

-Proficient knowledge of Investment Adviser's Act of 1940

-Proficient knowledge of ERISA and proficient knowledge of Department of Labor, and proficient knowledge of FINRA Rules


Preferred Qualifications:
-Bachelor’s Degree, Master’s degree or J.D.

-5 years of experience working in compliance, or 5 years of experience working in legal, or 5 years’ experience working in audit for a Registered Investment Advisor or a securities regulatory authority

-Experience working with Wrap Fee programs
-FINRA Series 7, or Series 24, or Series 63, or series 65, or series 66 licenses


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


A little about us:
Headquartered in McLean, Virginia, Capital One® offers a broad array of financial products and services to consumers.

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