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If a managing director's finance plan violated the rules of the SEC, is all his underlings in his chain of command tree also liable?
If a manager director has 2 VPs, 4 Associates and 8 analysts working under him. And then the managing director told his team to do something that was a SEC or similar violation. And nobody knew it was a violation until AFTER they completed the project. Will ALL the members of the team (VPs,...
What does Compliance Do?
Title says it all. I've tried to read and learn what the department does but everything is ultra-ambiguous terminology talk. Does anybody on here have a true grasp on what compliance does?
What is a fitness and proprietary check, and an enhanced regulatory screening?
I just found out that my new role as an analyst in IB (UK) will be a regulated role. I'm currently studying to sit two exams based on FCA UK regulations and securities. I've gone through a background check already, but I've just been informed that I will have to go through a fitness and proprietary...
FINRA Licensed: Best Career Options
Interested to receive some input on career path options. I have experience at an independent broker dealer working in operations and client facing roles, as well as business development and some derivatives trading for old school advisors. Also, I have worked for BB in back office. I have my FINRA...
Investing while in banking?
Hi All, I don’t work in IB but I work for a BB (B of A, JPM, Citi, Goldman) in a middle office role. I have been working in the role for a little while now and have interactions with trading desks on a daily basis. Am I allowed to invest in index funds and equities? I know personal trading is...
Immaterial Unauthorized Sale
Hey guys, I made a small mistake and sold
Banker on tiktok do I tell compliance
See title. Saw banker in my group on tiktok pumping dogecoin do I tell compliant
Financial Analyst in FP&A vs. Data Analyst in Compliance
I currently have 2 offers: FP&A (Financial Analyst) and Compliance (Data Analyst) I have a genuine interest in FP&A. I began my career in Equity Research but I absolutely hated having to cover multiple companies. However, I like thinking about an individual business and industry research. I also am...
Rank these divisions by how competitive they are for summer internships.
Hi everyone! I'm applying to summer internships next year and thought it might be useful for me and others to find out which divisions are the most difficult to get into. What do you think? The divisions (randomised) are... - Risk Management - Asset Management - Compliance - Private Banking/Wealth...
IP Law grad to Compliance Consulting, to possibly HF/PE?!
Hey y'all, I'm about to finish my LLM (masters of laws) in Intellectual Property Law (top LLM school v my previous lower-regional JD) and have passed the patent bar. I'm about to finish my program but have slowly been getting less and less excited about getting locked into a law career, although IP...
Switching from Compliance Analyst at Top Bank to Another Department more Finance Related
Hi everyone. So I got into an investment bank as a compliance analyst. I was studying for the LSAT to go to law school and apply this year, but then I discover that this bank generally does not hire JDs out of law school. They only hire experienced JDs. I would like to stay at this bank long term,...
Am I allowed to refer clients as a Risk Management guy?
I work for a bloated second-tier IB coasting on reputation earned twenty years and two mergers ago, but that's not relevant. I've been networking to leave my current Risk group in order to move to an FO group. I've networked both within the bank and outside of it. It's a big jump, and it's been...
FCKING Compliance Training
It seems like I am spending hours every week on these GD compliance and regulatory trainings. They are getting worse every year too. I just completed a training module and it took literally 3 hours because the slides were timed and unskippable. I understand the financial services industry is under...
Compliance Associate - Looking for Peers
Hello, I have been working in the compliance department with a smallish RIA/BD for almost 2 years. I completely fell into my role (I previously worked in HR) and I am having a hard time finding peers in the compliance field. Basically, people to bitch about the ADV/CRS, SEC, etc. Or even discuss...
Compliance Personnel with Series 79?
I was reading through that Finance/Wall Street Wannabes topic and realized the guy in the youtube video doesn't have a single exam on brokercheck. Then I realized most of the guys at my compliance superdays that got offers also haven't passed any exams. Is it uncommon for compliance guys to have...
Urgent Question - Compliance Pre-Clearance and Household Members
TLDR: Family refusing to disclose their accounts under a "household" code for work. Any help and insights would be appreciated.
New Forumer Here -
I finally joined the Oasis. I was asked to take a moment to introduce myself and point out my reasons for joining. Unlike most of the individuals here, I'm not from a front office background. I started my career in the back office in Fund Accounting/Fund Financial Reporting, then worked my way up a...
Best route into a compliance role as final year university student (UK)?
I have just completed a summer internship (compliance role) at a leading fixed-income market infrastructure company. I am now thinking about graduate applications and see that most investment banks lack a specialised compliance route for graduates. Does anyone have any past experience? For the...
How competitive are back office summer analyst positions?
I'm a sophomore who will be applying for Summer 2019 Legal/Compliance Summer Analyst positions in the upcoming months. I want to get a better sense of how competitive back office positions generally are at places like Morgan Stanley, Goldman Sachs, and Barclays. And what about at boutiques? Looking...
Advice on getting a compliance summer analyst position?
Hi all, I'm a sophomore looking for advice on how to get a Summer 2019 Legal/Compliance Summer Analyst position. Some background info: I'm double majoring in finance and history. My GPA is in the 3.0-3.5 range (I know, I know, working on it) and my SAT score is in the 2300-2350 range. By the end of...
Conflict of Interest: Writing Seeking Alpha article on same company you will be working for
All, John Cena back in the ring. I was lucky enough to accept a 2018 IBD summer analyst offer in NY at a mid-tier BB (BAML/Citi/CS). Rough recruiting process and many botched interviews but by the grace of God I was able to land an offer. #### “There are moments in life where it gets so hectic...
Ops Business Analyst vs Compliance Advisory
Hi all, I am currently working in the Asset Management Operations as a business analyst which take care on risk/control related topics and project manager on Ops related initiative. Currently there is an outside job opportunity as a Compliance Advisor which focus on trade monitoring, internal...
GMP Compliance Software
I am looking for a GMP (good manufacturing practice) compliance software that would help us in complying with our GMP audit. Once that can also help us with event detection, event correction and continuous improvement. Any suggestions?
Anyone here in Compliance?
Hi WSO , My buddy is a senior in college at a target, and is looking into opportunities after graduation. He's looking into consulting, considering finance, and is ultimately looking to go to law school --- I thought compliance might be a fit for him. I was wondering if anyone on here worked in...
Post-undergrad plans-- Compliance vs. Corporate Finance (law school vs. eventual MBA)
I'm a rising senior majoring in finance and I'm trying to decide what I want to do after I graduate. My GPA and resume are primed for a F500 corporate analyst spot. However, I'm exploring an interest in compliance as well. I'm starting a compliance focused internship in a few weeks that I know will...
Could a parent's occupation be an issue for compliance/should I declare it?
Will be doing a summer internship in a BB . One of my parents is restricted from investing in certain financial products due to their occupation. I won't have any contact with the products in question (let alone any decision-making power) and the compliance forms don't cover my situation. They also...
Compliance Analyst at TOP 5 IB bank, yet I feel shit?
Hi, I have recently been offered a job at a top IB bank in the compliance division. The programme is rotational so I will be assigned to a front desk (not sure which I would prefer -- I am learning towards IB , Asset Management etc ) whatever happens I am KEEEN to get land an advisory role. That is...
Goldman Sachs Compliance Analytics
Hi, has anyone worked in or know anything about Goldman Sachs Compliance Surveillance Analytics group in NYC? Just wondering the types of work that they do, and how technical the work is (in terms of statistical knowledge, big data tools, data science and coding up the surveillance models, etc)? I...
Idiotic Compliance Training
I'm forced to deal with this shit at the end of every quarter and it's just so frustrating. We have to take a series of online courses on the usual bullshit topics -- sanctioned countries, money laundering, etc. The worst part is there's a quiz at the end of each section and we have to achieve a...
Deutsche Bank - Compliance Analyst Interview
Hello, I was just wondering if any of you have been to a first round compliance analyst interview at DB ? If so, what kind of questions did they ask? I promise to do a review after I finish the interview to help other candidates.
Help Transitioning From Compliance to Above and Beyond
Hello everyone. Intro: I'm currently working on compliance for almost 2 years. I have passed the CFA level I. With that said, I'm striving to become a fixed income portfolio manager in a decade or two after getting much needed experience in fixed income analysis. Currently, I'm having a very hard...
Compliance and brokerage accounts
Hi,
Greetings, from cubsfanatic8228
Hello! I have mostly posted on Monkey Around and a few other forums here and there. But figured I might as well post here for a brief intro for what it is worth. I graduated from a non-target in 2011 looking to get into AM . Spent a year and a half in Back office doing Mutual Fund and Hedge Fund...
Very quick question: Personal email to work email
Sending PE prep materials with excel attachments to my work email from my personal email. Any reason not to do this? I know the other way is a big no no (work to personal), but just want a sanity check on this one after hearing some of the compliance stories from other threads. Thanks in advance.
Offer at BB, opportunity to work on trading desk in spring
Hello everyone, I signed an offer to a B this past October. I have an opportunity to work at a trading desk at a competing bank (not bb , but still well-known) this spring. I've always wanted to work on a trading floor and the product this desk focuses is somewhat relevant to my ft-offer. The desk...
GS Associate Salary
Hi all, I'm looking for some info on Goldman's salary range + bonus in Salt Lake City. In particular, it's for a Compliance Associate role. I've checked glassdoor and reached out to some friends but I can't find any decent data. Any info would be much appreciated. Thanks so much for your help!
Compliance
Have a family friend who was high up in Legal of a bunch of BB's. He is really pushing me to go into Compliance. What are some exit ops of compliance, benefits of being in compliance? He says very steady career, get certs and become an asset. My worry is that its ancillary, don't generate business=...
Career Path Advice - Compliance - KYC Officer
I recently got a job offer at a big four bank as an KYC officer in their Funds Group. Can anyone give advice on salary I should shoot for (and the long-term potential), typical annual bonus amount, and career path trajectory? Feel free to offer any advice on the prospects of working in compliance...
Control Room Specialist Interview
Hi, I have an interview to work in a control room at a reputable bank and was hoping someone could give me some salary information for the role (I was asked to give salary requirements). I do not really have experience but do have a good number of educational credential (good grades and grad...
Landing a compliance job in NYC
Okay I made the mistake of quitting my last job due to frustration and without a game plan or a job to go into. I've been out of work for about 2 months now and its getting to me. I'm desperate to land a compliance gig in NY so I was hoping someone had some leads. Happy to discuss my background and...
M&T Bank Internship
What is the possibility of getting an internship as a sophomore at M&T Bank from a semi-target school? I am interested in compliance
Offer selection: IB compliance v.s. Bloomberg sales
Hi all, I just got offers from these two sides. any insights about the career prospect in either path? thanks so much!
TIAA-CREF Employment Application
Hi there, A friend of mine seems to be in the final stages of the recruitment process at TIAA-CREF and he was told that "your application is complete and is now being sent to Compliance." He was involuntarily terminated from another financial services company about a year ago because he refused to...
Compliance Mobility at HF/AM/IA
I was wondering if anyone could provide insight for Compliance and back office jobs in regards to mobility working at a hedge fund, Asset Management or investment advisor firm. I have an opportunity to move to one of those 3 and wanted to make sure it wouldn't put me in a dead end career wise. The...
Questions regarding Roth IRA / ESA disclosure
Hey guys, Incoming SA here with two quick questions. I'm going through the paperwork for compliance, and there's a form to disclose any brokerage accounts that I may have in my name. 1) My parents set up a Roth IRA brokerage account for me when I was younger. I called the brokerage today and...
4 interviews at Goldman Sachs & no word since....
I'm a little frustrated. I've had 4 excellent interviews with Goldman Sachs for a compliance role. They went very well, and all 4 of the interviewers really liked me, as they mentioned it, communicated that I gave excellent answers, etc. I followed up with the interviewers immediately afterwards and...
How can I move from compliance to M&A
So I successfully landed a temp role in compliance at a major investment bank. Although the work is interesting, its not ultimately where I wanted to be. I took this job because I really had no internships while I was getting my MBA . So now, I'll be working on landing a full time position with the...
Goldman Sachs Compliance - 2nd Round
I got through to the 2nd round for a compliance position in NY . The first one interview mainly involved of fit, compliance scenario questions and why GS . I was just wondering if anyone knew what to expect in a 2nd round interview. I feel this will be the last one and I really want to nail it. Any...
Licenses/Courses Required to Trade Equities in Canada
What licesnses/accredidations/courses are required to trade equities at a Canadian Broker. I know the following are required CSC - Canadian Securities Course CPH - Conduct and Practices
Good Idea or Bad Idea?: Setting up Scottrade Account One Month Before IB Stint
I want to set up a ~5- 10k account with Scottrade in the next few days and my IB job starts in late July. My plan is to invest in 5-8 stocks I think are undervalued and just hold on to them for the long-run. Is this a bad idea from a compliance perspective? I know I will have to disclose my...
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