Compliance Analyst I - Supervisory Control Policies and Procedures

As a Compliance Analyst I at Stifel, you will play a crucial role in testing and verifying compliance with securities laws, particularly focusing on FINRA rule 3120's Supervisory Control Testing. Your main responsibilities will include gathering and validating data, collaborating with business process owners to document compliance processes, and leading multi-department tests to identify potential gaps. Additionally, you will analyze regulatory updates, assist in process improvements, and support regulatory remediation efforts.

To qualify for the Compliance Analyst I position at Stifel, you should have at least a Bachelor's degree in a related field or possess 2+ years of relevant industry experience. An intermediate understanding of FINRA, NYSE, MSRB, and SEC Rules is essential, as well as strong research and communication skills. Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook is also required to effectively perform your duties and collaborate with various stakeholders.

In the role of Compliance Analyst I at Stifel, you will utilize tools such as Microsoft Excel for data analysis, Word for documentation, PowerPoint for presentations, and Outlook for communication. Familiarity with various compliance-related software and systems may be beneficial, as it will help you execute your responsibilities more efficiently while ensuring compliance with securities laws and regulations.

Stifel is dedicated to the professional growth of its employees. As a Compliance Analyst I, you'll have access to ongoing training and development opportunities that are designed to enhance your skills and knowledge in compliance and securities regulations. Additionally, Stifel promotes a collaborative work environment where you can learn from experienced peers and engage in cross-departmental projects, further expanding your professional expertise.

At Stifel, the work culture for a Compliance Analyst I is dynamic, collaborative, and deeply rooted in innovation. With a startup mentality, you will be encouraged to share ideas and contribute to improvements in compliance processes and risk management. The support you receive from colleagues at all levels fosters a sense of belonging and motivates you to excel, all while working in a supportive and friendly environment.

When answering this question, emphasize that FINRA Rule 3120 relates to supervisory control systems and procedures, which are critical for ensuring compliance in the broker-dealer environment. Discuss how your role as a Compliance Analyst I is to test and verify adherence to these rules, highlighting any specific experiences you have had with compliance testing.

Explain your methodical approach to data gathering and validation. Highlight that it involves identifying the scope of testing, determining data sources, using analytical tools to assess data quality, and ensuring that all relevant documentation is considered. It's essential to convey a clear understanding of how precise data impacts compliance assessments.

Provide a specific example from your past experience. Outline how you recognized the gap, the analysis you conducted, and the collaborative processes you initiated to address the issue. This shows your problem-solving skills and ability to work with various stakeholders to improve compliance.

Discuss the resources you use to stay informed about regulatory changes, such as regulatory websites, industry news, webinars, and professional organizations. Emphasize your proactive approach by mentioning your habit of subscribing to industry newsletters or participating in compliance-related forums.

Share any direct experience you have had with compliance remediation processes. Discuss specific cases where you assisted in addressing compliance deficiencies, detailing your role in analyzing the situation and liaising with relevant parties to implement corrective actions.

Explain your leadership style and how you plan and facilitate multi-department tests. Discuss coordinating meetings, clearly defining roles and responsibilities, and ensuring clear communication throughout the process. Highlight the importance of involving all relevant stakeholders to gather comprehensive insights.

Talk about your preferred methodologies, such as qualitative vs quantitative analysis, using statistical tools in Excel, or creating dashboards to visualize compliance metrics. Mention specific examples of how these methodologies have helped in assessing compliance status in previous roles.

Demonstrate your ability to remain calm and objective. Explain the steps you would take, such as documenting the non-compliance, communicating the findings to your supervisor, and collaborating with relevant teams to develop a remediation plan while ensuring transparency in all communications.

Highlight that strong communication skills are vital for presenting compliance findings clearly and effectively to various stakeholders. Discuss your experience in leading meetings, writing reports, and consulting with staff across different departments to ensure understanding and adherence to compliance protocols.

Describe your organizational strategies, such as prioritizing tasks based on deadlines, employing project management tools, or maintaining a detailed workflow schedule. Discuss how these strategies enable you to balance multiple projects effectively while ensuring high compliance standards.