What are the responsibilities and job description for the Compliance Associate - Broker Dealer position at Ascendo Resources?
Position Overview
We are seeking a detail-oriented and proactive Broker Dealer Compliance Associate to support the compliance and supervisory functions of a growing wealth management and broker-dealer platform. This individual will play a key role in ensuring adherence to FINRA, SEC, and internal regulatory requirements while supporting advisors, operations, and management teams across the business.
Essential Duties & Responsibilities
- Assist with day-to-day compliance oversight for broker-dealer operations and registered representatives
- Review and monitor new account documentation, account maintenance requests, and money movement transactions for regulatory compliance
- Support AML/KYC, CIP, and suitability review processes in accordance with FINRA and SEC regulations
- Monitor transactions for potential compliance concerns, exceptions, and escalations
- Conduct surveillance reviews related to trading activity, outside business activities, gifts & entertainment, and employee accounts
- Assist with branch audits, internal reviews, and regulatory examinations
- Maintain compliance records, reports, and required documentation for audits and examinations
- Partner with operations, advisors, and management teams to resolve compliance-related issues
- Support licensing, registration, and continuing education requirements for registered representatives
- Assist in updating policies and procedures to ensure alignment with regulatory changes
- Respond to compliance inquiries from internal teams and provide guidance on firm policies and procedures
- Participate in special projects related to compliance enhancements and operational improvements
Qualifications
- Bachelor’s degree preferred
- 3 years of compliance experience within a broker-dealer, wealth management firm, private bank, or financial services environment
- Active FINRA Series 7 license is a pplus
- Additional licenses such as Series 63, 66, or 24 are a plus
- Strong understanding of FINRA, SEC, AML, and KYC regulatory requirements
- Experience reviewing account opening documentation, maintenance requests, and operational transactions
- Strong attention to detail and ability to manage multiple priorities in a fast-paced environment
- Excellent written and verbal communication skills
- Bilingual in English/Spanish or English/Portuguese strongly preferred
- Proficiency in Microsoft Office Suite and compliance monitoring systems