Control Room Group Manager - Texas Capital Bank : Job Details

Control Room Group Manager page is loadedControl Room Group ManagerApply locations Dallas, TX time type Full time posted on Posted 3 Days Ago job requisition id JR103846

Texas Capital is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big firms at a scale that works for our clients, with highly experienced bankers who truly invest in people's success — today and tomorrow.

While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment — investing the time and resources to understand our clients' immediate needs, identify market opportunities and meet long-term objectives . At Texas Capital, we do more than build business success. We build long-lasting relationships.

Texas Capital provides a variety of benefits to colleagues, including health insurance coverage, wellness program, fertility and family building aids, life and disability insurance, retirement savings plans with a generous 401K match, paid leave programs, paid holidays, and paid time off (PTO).

Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News ' Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate's 2023 list of Best Regional Banks. For more information about joining our team, please visit us at www.texascapitalbank.com .

Brief Overview of Position

The Head of the Control Room is a key advisory position within Compliance responsible for overseeing and administering the firm's Conflicts of Interest (COI) and Control Room (CR) regulatory compliance programs as they relate to enterprise-wide regulatory and reputational risk. The responsibilities of this role also include identifying and managing strategic goals and corporate initiatives while ensuring business processes and controls are compliant with and support adherence to applicable laws, regulations, and internal policy. This role will review the firm's Equity Research prior to publication to ensure it adheres to FINRA and SEC disclosure requirements, and will advise Equity Research, Equity Capital Markets, and Investment Banking regarding applicable regulatory requirements and risks related to conflicts of interest.

This Head of the Control Room reports to the Texas Capital Bank's Chief Compliance Officer and is part of the Compliance Department.

Responsibilities

• Design, develop, execute and oversee an effective COI Program by enabling the identification, operationalization, and communication of applicable federal and state regulations regarding COI
• Fostering an understanding of associated COI risks across the entire organization and implementation of suitable risk mitigation strategies
• Identify and oversee the Control Room which consists of investment banking deals, MNPI mitigation, Watch and Restricted Lists while acting as a resource for research COI risk mitigation including required chaperoning of research analyst interaction with investment bankers
• Act as a trusted advisor and primary COI subject matter expert to/for internal and external stakeholders
• Provide guidance to the relevant business (1LOD) and independent risk management (2LOD) concerning suggested policies, procedures, practices and controls
• Define and implement, as necessary, restrictions applicable to the firm's Equity Capital Markets group and the Research Department
• Facilitate clearance of Equity Research materials which will include a review Equity Research Reports for any potential or actual conflicts due to the firm's involvement with an issuer on the firm's Watch or Restricted Lists
• Chaperone communication between Investment Bankers and Research Analysts
• Review vetting requests from Equity Capital Markets and Corporate Access requests
• Manage a 2-4 person team of subject matter experts
• Act as a key liaison during regulatory exams, internal audits, and 2LOD testing
• Assist in the execution of, and act as key advisor for, the firm's Regulatory Compliance Risk Assessments
• Design and deliver management reporting on KRIs, KPIs, and any significant developments within the COI Program
• Prepare and deliver FINRA Firm Element Continuing Education training
• Maintain knowledge of applicable rule changes, latest industry guidelines, and best practices
• Manage departmental expenses and annual budget
• Recruit, train, and retain talent within the department
• Demonstrate sound judgement and leadership in a fast-paced, dynamic, collaborative, and transformative environment
• Manage and execute multiple complex projects within the required timelines
• The duties listed above are the essential functions of this job classification. The essential functions of individual positions within the classification may differ. Texas Capital may assign reasonably related additional duties to individual employees consistent with standard departmental policy.

Qualifications

• Possess a minimum of 10 years of securities industry experience at full-service financial institutions and a minimum of 5 years of working in a Control Room environment
• Subject matter expert in Conflicts of Interest and/or Control Room compliance
• Strong knowledge of U.S. securities rules and regulations, specifically, those of the SEC (i.e., Securities Exchange Act of 1934 Section 15(g), 10(b) and Rule 10b-5, Rules 138 and 139) and FINRA (i.e., FINRA Rules 2241 and 2242)
• Self-motivated, well organized, and detail-oriented to handle complex and concurrent assignments
• A high degree of integrity, strong work ethic, and an ability to work independently while leading a team of compliance professionals
• Problem-solving skills, with a strong analytical and data-driven work style
• Communication skills and the ability to influence all levels of management and external partners
• Bachelor's degree in a related field or equivalent years of experience (required) and an advanced degree in a related field (e.g., law, business or accounting) (preferred)
• Hold applicable industry licenses (Series 7, 24, 87, 79) and certifications (CRCM, CRCP, CFA) (preferred)

The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.

Texas Capital Bank is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big banks at a scale that makes sense for our clients, with highly experienced bankers who truly invest in people's success — today and tomorrow.While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment — investing the time and resources to understand our clients' immediate needs, identify market opportunities and meet long-term objectives. At Texas Capital Bank, we do more than build business success. We build long lasting relationships.Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital Bank was recently named the #1 most trusted bank in the country on Newsweek's inaugural list of America's Most Trusted Companies