Risk Analyst

Risk Analyst

Requirements

• Fundamental concepts and practices of risk management as it relates to the custodial and clearing business.
• Fundamental concepts of financial markets and products.
• Regulatory rules, forms, reporting, and guidance for establishing custody and clearing relationships, and broker-dealer best practices to include, but are not limited to: FINRA Rule 4311, Investment Advisers Act of 1940, Form ADV.
• Microsoft Office (e.g., Word, Excel, and PowerPoint)
• Relationship management software and applications (e.g., Salesforce)
• Strong interpersonal skills for interfacing with all levels of management.
• Strong analytical skills, particularly concerning assessing the probability and impact of an internal control weakness.
• Operating standard office equipment and using required software applications
• Preparing written reports and delivering formal synopsis or data.
• Enthusiastic, self-motivated, and effective under pressure.
• Proven ability to manage time and deliver against deadlines.

Responsibilities

• Conduct appropriate due diligence related to new business through the review of prospective and existing RIA and IBD clients and their authorized agents seeking access to the Raymond James platform.
• Performs data collection and analysis under direct supervision to assist in identifying, analyzing, and recording trends that drive program operation.
• Assists in preparing written reports and developing spreadsheets related to various risk issues and business requests.
• Supports risk and control efforts for RCS in accordance with internal standards, relevant government statutes, and regulations.
• Partners with colleagues and business process owners to evaluate the control environment related to the custody and clearing business to strengthen internal controls and mitigation strategies.
• Develops and maintains an in-depth understanding of the custody and clearing business, its products, and supporting functions.
• Stays up-to-date with evolving regulatory changes and market events impacting custodians, clearing firms, RIAs, and IBDs.
• Assists in performing reviews for assigned areas to identify critical controls and mitigation strategies.
• Builds and maintains key relationships with stakeholders, demonstrating a culture of engagement and assistance.
• Analyze business processes, procedures, and information requirements to resolve problems and improve workflow and process efficiency.
• Perform other duties and responsibilities as assigned.

Preferred Qualifications

• SIE (preferred)