Senior Compliance Officer - Investor & RIA Services Testing (Remote)

This is a remote role that may be hired in several markets across the United States.

The Senior Compliance Officer will serve as a senior individual contributor responsible for the design, execution and continuous enhancement of the firm’s Compliance testing program, including supervisory control testing under FINRA Rule 3120.  This role will also lead the firm’s testing and retrospective review requirements under Department of Labor Prohibited Transaction Exemption 2020-02.

This position requires a high degree of independence, technical expertise, and critical thinking to assess the effectiveness of supervisory controls, identify risks and control gaps, and produce well-supported, defensible regulatory reports (e.g., FINRA Rule 3130, SEC Rule 206(4)7 Annual Review, and the DOL Retrospective Review).  The ideal candidate is a strong individual producer with deep rule-based compliance knowledge and the ability to translate regulatory expectations into structured, risk-based testing and reporting frameworks.   

Compliance Testing (FINRA Rule 3130/3120, SEC 206(4)7, and DOL PTE 2020-02)

• Independently design and execute risk-based compliance testing across Broker-Dealer and RIA activities, including supervisory control testing and fiduciary/Best Interest obligations
• Perform testing across key risk areas (e.g., communications, trading, suitability, disclosures, conflicts) and assess control effectiveness
• Identify, document, and assess control gaps, including root cause and risk severity
• Validate remediation efforts and perform follow-up testing as appropriate

Regulatory Reporting & Publication

• Lead the drafting, coordination, and production of key regulatory reports, including:
  • FINRA Rule 3130 Annual Certification Report
  • SEC 206(4)7 Annual Compliance Review
  • DOL PTE 2020-02 Retrospective Review
• Produce clear, comprehensive, and defensible reporting supported by testing results and issue tracking
• Partner with senior leadership to refine, finalize, and present reporting deliverables

Testing Program Governance & Enhancement

• Establish and maintain testing methodologies, standards, and documentation protocols
• Enhance testing coverage, efficiency, and scalability through continuous improvement
• Incorporate regulatory developments, emerging risks, and business changes into testing plans
• Drive consistency and rigor across testing activities

Regulatory Cross-Functional Engagement

• Serve as a subject matter expert on testing and regulatory reporting requirements
• Support regulatory exams, inquiries and internal audits
• Partner closely with Supervision, other Compliance managers, Legal, and other key stakeholders

• Bachelor's Degree and 8 years of experience in Compliance, Legal, Audit, Banking or other related experience OR High School Diploma or GED and 12 years of experience in Compliance, Legal, Audit, Banking or other related experience
• FINRA Series 7, 24, and 63/65 or 66 licenses required (or obtained shortly after hire)
• Strong working knowledge of FINRA rules, SEC regulations, and Investment Advisers Act of 1940 as well as DOL PTE 2020-02
• Demonstrated ability to independently design and execute risk-based testing programs
• Experience drafting or leading regulatory reporting and certifications
• Strong analytical, documentation and critical thinking skills
• Ability to communicate complex compliance matters clearly

Preferred Qualifications

• Prior experience managing dual-registrant compliance risk at a Large Financial Institution
• Active Life and Health Insurance License
• Strong investigative, analytical, and documentation skills
• Ability to work independently and manage shifting priorities in a fast-paced environment

This job posting is expected to remain active for 8 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $145,000 and $160,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.