Wealth Compliance Analyst

Job Summary

Under general direction, ensures the various Synovus companies and their licensed and/or registered individual agents comply with all applicable insurance rules and regulations. Provides advice and guidance on regulatory requirements affecting licensing and registrations.

Job Duties And Responsibilities

• Coordinates, tracks, and facilitates federal and state insurance licensing and registration requirements for FINRA, the SEC, the State Securities Divisions and and/or State Insurance Departments for various Synovus companies and team members.
• Develops, administers, and monitors programs, procedures, and/or processes which ensure the company is in compliance with applicable laws, regulations, and rules governing its operations and product offerings. Researches compliance deficiencies and assists in developing and implementing corrective actions.
• Researches applicable federal, state, and local laws and regulations. Reviews the company's policies and procedures, and works to ensure the company's compliance with laws and regulations.
• Provides analytical support regarding inquiries of the oversight processes established to ensure an open, efficient, and compliant operation.
• Conducts compliance testing; validates compliance with applicable regulations, company policies, and procedures. Monitors testing processes and ensures test validity.
• Monitors various state regulatory requirements, and coordinates the continuing education programs required to ensure all licensed and/or registered persons remain in compliance
• Supports and participates in the analysis of specific cases of manipulation or alleged non-compliant practices and presents findings with recommendations for corrective action. Investigates suspicious transactions and activity through gathering information from various sources.
• Serves as an administrator for one or more information systems as needed. Works with Information Technology and/or third party vendors to maintain technology, conduct system maintenance, and resolve technical problems. Coordinates, maintains, and updates the information available through an internet/intranet portal.
• Compiles data and conducts analyses to assess potential risks to the division or company. Conducts trend analysis and develops reports for management as required or requested. Provides recommendations based on analysis for mitigating identified risk.
• Maintains a comprehensive database and hardcopy record of regulatory compliance files for internal and external review by auditors and examiners.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Performs other related duties as required.
  
  

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Minimum Education:

• Bachelor's Degree in Business Administration, Finance, Public Administration, or a related field or an equivalent combination of education and experience.
  
  

Minimum experience:

• Three years of progressively responsible experience in the business unit or financial services segment.
  
  

Certifications or Licenses:

• Insurance license or FINRA series 7
  
  

Required Knowledge, Skills, & Abilities:

• Basic knowledge of local, state, and federal insurance regulations for financial services within the company footprint
• Knowledge of the regulatory demands impacting the specific company (i.e., Broker-Dealer, Investment Advisory, Trust)
• Good communication skills and the ability to effectively communicate verbally and in writing
• Strong organizational skills and the ability to maintain information in a logical manner
• Mathematical skills and the ability to use mathematical/logic formulas to compile data
• Strong analytical and problem solving skills and the ability to break information down into it's basic components for analysis
• Ability to read, analyze and interpret government regulations, trade journals
• Strong proficiency using Microsoft Office software products including Word, Excel, and PowerPoint
  
  

Preferred Knowledge, Skills, & Abilities:

• Knowledge of and proficiency using compliance monitoring systems.