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Associate Compliance Analyst

eToro

eToro

IT, Legal
New York, NY, USA
Posted on Wednesday, June 26, 2024

Associate Compliance Analyst

  • Compliance
  • New York Metropolitan area
  • Associate
  • Full-time

Description

eToro has created an intuitive Social Trading platform that gives traders and investors access to global stock markets, commodity trading, cryptocurrency trading, and more. We strive to make money management available and accessible to everyone (even to users with no prior experience or knowledge). We have over 33 million users worldwide, and our platform is available in over 140 countries around the world.

With over 1,500 employees worldwide, we have locations in the US, Cyprus, UK, Australia, Germany, and Israel, and we are constantly growing and expanding into new markets.

The Compliance Department provides service, support, and advice to promote the Firm’s growth and development while helping employees and the firm meet their regulatory obligations, and more broadly, to preserve and enhance our reputation for integrity. This role will report into a Compliance Manager (Manager) within the Compliance organization and assist with the day-to-day administration of the firm’s compliance program for its money service (“MSB”), digital asset business, and broker-dealer (“BD”) businesses. The following duties are generally representative of the nature and level of work assigned and are not necessarily all-inclusive

Responsibilities:

  • Maintain and manage policies and procedures inventory, including ensuring regular and required reviews and approvals are completed in a timely manner.
  • Identify and track updates to the policies and procedures inventory, as well as ensure proper approvals have been obtained and recorded.
  • Manage and maintain eToro’s Record Retention Policy and program
  • Support performing due diligence for compliance vendors leveraged to support the MSB, digital asset, and broker dealer businesses, and produce reports to Manager and Chief Compliance Officer (CCO).
  • Conduct ongoing monitoring of Firmwide vendors
  • Conduct on-going eToro associate surveillance, including but not limited to trading activity, gifts and entertainment, and private securities transactions.
  • Track and coordinate development of management action plans for remediation to address compliance testing results and any findings/recommendations that result from audits and examinations of the MSB, digital asset, and BD businesses.
  • Test and validate remediation to ensure design effectiveness.
  • Maintain the required compliance and corporate files as mandated by the SEC, FINRA and state regulators.
  • Assist Manager or CCO with responses to regulatory inquiries, examinations, and audit requests.
  • Maintain the Firm’s regulatory filings, such as Form BR, U4, U5, Form CRS, and Form BD.
  • Manage and execute the Firm’s annual compliance training, which includes, needs analysis, annual compliance meeting, regulatory element and Firm element training programs.
  • Manage and maintain the required tracking, monitoring, responses, and applicable regulatory reporting for the Firm’s Complaints program.
  • Identify and recommend necessary changes to business unit procedures to address compliance gaps or improve adherence to regulatory and firm requirements.
  • All other duties as assigned and special projects as necessary, which may include trade surveillance, review of anti-money laundering (AML) alerts, regulatory change management, etc.

Why join us?

We are an inclusive and social team dedicated to creating a working environment that facilitates both personal and career growth. Our home office is located in Hoboken,NJ, and boasts beautiful views of the Manhattan skyline, as well as an easy five-minute walk to all public transit. We enjoy a hybrid work arrangement.

Our benefits include Cigna medical insurance, Guardian dental, vision, Life and AD&D, Short-Term Disability, Long-Term Disability, and Voluntary Life and AD&D insurance; 6% matching employer contribution 401K; lunch allowance; gym memberships; and additional leave days not subject to the PTO or Sick Day policies – our highly valued recharge days. We have other cool perks including fun in-person events, virtual activities, eToro swag, holiday gifts, and more.

We are constantly innovating and improving our tools and platform. This creates fantastic development opportunities - join us and invest in yourself!

Requirements

The successful candidate will ideally possess the following qualifications and attributes:

  • Bachelor’s degree required; advanced degree a plus.
  • Certifications: Series 7 and 24 required; Series 4 and 63 preferred (or willing to obtain)- Must
  • 1-3 years in a compliance role; familiarity with Broker Dealer rules and money transmitter licenses is a plus.
  • A foundational understanding of and familiarity with the broker-dealer industry
  • Has the ability to analyze situations for compliance and business risk, and propose solutions to address and mitigate such risk
  • Strong abilities in analytical thinking, problem-solving, research, and time management
  • Ability to raise concerns and ask questions
  • Effective and efficient time management skills
  • Meticulous attention to detail and highly accurate
  • A self-starter who enjoys a team-oriented approach
  • Excellent communication (written and oral), presentation, and interpersonal skills
  • Comfortable operating in a fast-paced start-up
  • Experience in monitoring, testing, and conducting risk assessments is a plus
  • Must be proficient with MS Office (Word, Excel, PowerPoint, and Outlook) and Google products
  • A significant level of trust, credibility, and diplomacy is required