Director - Compliance at Ameriprise Financial in Minneapolis, Minnesota

Job Description:

We have an exciting opportunity for a Compliance Director to join our team at Ameriprise! The Compliance Director will lead the Ameriprise Compliance Supervisory Controls Unit and Policy Support team.

This position is part of the Ameriprise Compliance team. This Compliance Director position will lead the Supervisory Controls Unit (SCU) and Policy Support teams. SCU is responsible for managing the annual review of supervisory controls, testing and verification of corporate office compliance controls, and managing the tracking and reporting of findings requiring action. SCU is critical in executing FINRA and SEC rule requirements for three broker/dealers, two RiverSource insurance companies, and one Ameriprise investment advisor. Policy Support is responsible for facilitating changes to the Ameriprise field compliance manual and providing critical SME support to Ameriprise's Marketing and Supervision groups.

Key Responsibilities

• Set strategies to successfully ensure meeting Compliance program requirements and deliverables.


• Continuously assess compliance risks and effectively communicate risks and suggestions for improvement to colleagues, department leaders and business unit leaders.


• Continually evaluate elements of Policy Support and SCU programs to improve support provided to business partners.


• Oversee all aspects of testing procedures, controls, and supervision of corporate office business unit activities. Review and approvetest plans and reports to ensure program consistency.


• Provide training, coaching and mentoring to SCU and Policy Support team members, compliance contacts, and business partners.


• Work collaboratively with multiple business partners to gain a detailed understanding of products and services and business models. Attend meetings and hold ad hoc discussions with business partners to understand new initiatives, offer Compliance guidance, and determine the potential impact to SCU and Policy Support processes.


• Cultivate and promote relationships with business partners, develop and promote a culture of compliance, and provide guidance to business partners relating to applicable rules and regulations.


• Overseethe execution of team processes such as the annual review and monthly reporting. Meet quarterly with CEO and CCO of each broker/dealer to deliver results and discuss the regulatory programs.


• Manage and support compliance policy changes, policy SME work, and providing answers to Compliance mailbox questions.


• Serve as an expert on rules and regulations (mainly FINRA, SEC, and state) applicable to SCU and Policy Support activities.


• Stay informed of regulatory and industry changes.


• Lead and/or coordinate medium to large projects and lead phases of sophisticated projects.


• Other duties as assigned.

Required Qualifications

• Bachelors degree or equivalent (4-years).


• 7-10 years of relevant experience.


• Series 7 and Series 24.


• Strong shown leadership skills, including coaching, development, and performance management.


• Strong knowledge of the financial services industry activities and regulations, including broker-dealer and registered investment advisor functions, products and services.


• Excellent communication (verbal and written), presentation and organizational skills.


• Excellent analytical and problem solving skills.


• Ability to plan and manage multiple competing priorities.


• High proficiency with Microsoft Word, Access and Excel.

Preferred Qualifications

• Prior experience leading people and processes.


• Prior experience testing broker-dealer and registered investment advisor controls or similar internal or external audit functions.


• Prior experience writing, interpreting, and supporting policy creation and modification.


• Prior experience in data visualization tools, such as Microsoft Power BI.

About Our Company
We're a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Base Pay Salary

The estimated base salary for this role is $128,400 / $173,300 year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

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