Branch Control Officer (Chicago) Job at Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.
The firm is seeking a Branch Control Officer (BCO) who is an integral part of the Branch Office management team. The BCO reports to the Risk Officer in our Private Client Division New York Headquarters, with a dotted line to the Branch Office Manager (BOM). The Branch Control Officer would be able to work out of the Chicago office.
Your Role and Responsibilities:
Risk, Supervision and Compliance:
- Primary responsibility is for all risk, supervisory and compliance for multiple local branches
- Handle any and all supervisory inquiries that require escalation
- Oversee business ethics and regulatory practices
- Provide guidance on policies and procedures to employees
- Create procedures to ensure approvals are handled timely
- Review all correspondence (incoming/outgoing)
- Assist and support AML, compliance, and operations by working to resolve any issues
Legal:
- Handle all complaints and work with the Legal department to respond
- Key contact for internal and external branch audits
- Active involvement in training on policy and operational changes
Operations:
- Approve some cashiering related transactions (KYC, sign checks, option approval, third party, check deposits
- Review and approval of new client accounts.
- Trading Errors
Requirements:
- 5-7 years industry experience
- Series 7, 63/65 (or 66), 9, 10 (or 8) licenses required
- Intelligent, enthusiastic self-starter with proven ability to work closely with FAs and other team members
- Must have compliance and operation experience along with personnel management experience
- Must be able to maintain the highest level of confidentiality and ethical standards
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