Senior Compliance Analyst

Senior Compliance Analyst

Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial services company specializing in education. Whether college is a long way off or just around the corner, Sallie Mae helps turn education dreams into reality for 25 million customers. With products and services that include college savings programs, scholarship search tools, education loans, tuition insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at . Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.



JOB SUMMARY:



The Sr. Compliance Analyst will be involved with the implementation, monitoring and testing of various compliance procedures, processes and controls to ensure UII and UIA compliance with FINRA, SEC and MSRB rules and regulations. In addition, the Sr. Compliance Analyst will work with various business units within UII and UIA to ensure compliance with the US Patriot Act and other compliance initiatives.



Advertising and Marketing Review
Review and filing of 529 plan advertising, sales literature and correspondence with FINRA.
Revise internal marketing compliance documents as required.
Monitor various websites to ensure they contain approved content.
Address social media advertising and communication



Anti-Money Laundering and Fraud Detection

Research and respond to US Patriot Act 314(a) requests.

Ensure customer identification process is accurately enforced
Monitoring of all OFAC activity, investigating all positives results
Research and compile data for SAR filings
Analyzing money movement patterns to detect fraudulent activity
Monitoring of the Firm's electronic fraud detection system



Internal Compliance Testing and Review

Updating and testing of all compliance procedures for both UII and UIA.
Assist the team in conducting the annual 206(4)-7 policies and procedures testing.
Ongoing review of the Firm's policies and procedures.



Email Retention and Review

Ensure all business E-mails are retained and archived to capture all internal and external communications.
Conduct periodic review of all E-mails and monitor for inappropriate or non-compliant use of email.


Registrations and Filings
Modify ADV Part 1 and 2 as required by business changes.
Assist in Annual Amendment filing of ADV Part 1 and 2
Assist with Form BD and BR amendments and related filings.
Updating and filing Forms U-4 and U-5 with FINRA via CRD.



Continuing Education/Ongoing Compliance Training

Working with the CCO and Director of Compliance to update and implement CE training;
Conduct CE training for registered representatives;
Tracking and maintain compliance training on new policies, regulations and RIA/BD related topics.



Decision Making Latitude:
Advertising review and filing, and updating of advertising compliance documents. Decisions are expected to be made independently but are subject to supervisory review on an as-needed basis -- unusual/complex issues and findings are reviewed by supervisor.



Responding to US Patriot Act 314(a) requests, monitoring OFAC, and assisting with SAR Filings. Decisions are expected to be made independently but are subject to supervisory review on an as-needed basis -- unusual/complex issues and findings are reviewed by supervisor. SAR filings will be made by the Chief Compliance Officer.



CE training updates, implementation and monitoring. Decisions are expected to be made independently but are subject to supervisory review on an as-needed basis -- unusual/complex issues and findings are reviewed by supervisor. CE updates will be approved by supervisor and Chief Compliance Officer.





MINIMUM REQUIREMENTS:

Bachelor's Degree (Preferred) Law, Business Management, Accounting or Finance
* 5-7 years in financial services compliance or state or federal regulatory authority experience.
* FINRA Registered Representative and Principal Licenses, or commit to obtain them within 6 months. (7, 24, 51)
* Excellent communication, organizational, time management and interpersonal skills are a must.
* Must possess proficient writing and proofreading skills; experience writing policies and procedures.

PREFERRED QUALIFICATIONS:
* Strong knowledge and understanding of investment products including municipal securities, specifically 529 Plans.
* Working knowledge of FINRA, SEC and MSRB rules and regulations applicable to investment companies and 529 plans.
* Knowledge of US Patriot Act, FinCEN, OFAC and AML procedures.
* Knowledge and experience with the FINRA IARD and CRD system.
* Ability to work with senior management, as well as all levels of co-workers.
* Experience as a securities examiner/investigator is a plus.
* Experience and understanding of transfer agent functions preferred.
* Excellent communication, organizational, time management and interpersonal skills are a must;
* Ability to work independently and under time constraints and adapt to changing priorities.
* Ability to research and interpret and apply rules and regulations pertaining to the mutual fund and 529 industry;
* High degree of attention to detail and accuracy;integrity and the ability to maintain strict confidentiality required

Sallie Mae is a federal government contractor. Should this position support a government contract, now or in the future, the successful candidate will be subject to a background check conducted by the U.S. Government to determine eligibility and suitability for federal contract employment for public trust or sensitive positions. Sallie Mae is a drug free workplace.