Risk Analyst, RCS

Job Description Summary

Monitor and analyze the organization's operational risk exposure, and contribute to the development of operational risk policies. Analyze existing processes, procedures and systems and advise on improvements.

Job Description

Role Overview

The Risk Analyst operates under the direct supervision of department leadership and supports the RIA & Custody Services Division by identifying, assessing, and communicating business and regulatory risks that affect independent Registered Investment Advisers and Introducing Broker Dealers on the Raymond James platform. This role strengthens the division’s risk framework through due diligence, control evaluation, trend analysis, and stakeholder partnership that improve decision-making, reinforce compliance, and mitigate operational risk.

Key Responsibilities

• Client and platform risk diligence: Conduct due diligence on prospective and existing RIA and IBD clients and their authorized agents to support informed onboarding, monitoring, and platform access decisions.
• Customer service and client interaction: Provide professional, timely support to internal and external clients by responding to inquiries, communicating risk-related requirements, and helping resolve issues through clear and effective interaction.
• Risk analysis and reporting: Collect, analyze, and synthesize data into reports, summaries, and working materials that identify trends, support business requests, and improve risk visibility.
• Control environment support: Partner with business process owners to evaluate controls, identify gaps, and strengthen mitigation strategies across custody and clearing activities.
• Business and regulatory awareness: Maintain current knowledge of custody and clearing operations, regulatory developments, and market events that affect RIAs, IBDs, custodians, and clearing firms.
• Stakeholder partnership and process improvement: Build effective relationships across the organization to resolve issues, improve workflows, and support a strong risk culture.

Core Capabilities

• Foundational knowledge of risk management principles within custody and clearing businesses and the ability to apply them in a regulated financial services environment.
• Working knowledge of financial markets, investment products, and relevant regulatory frameworks, including FINRA Rule 4311, the Investment Advisers Act of 1940, and Form ADV.
• Proficiency with core business tools, including Microsoft Office applications and relationship management platforms such as Salesforce.

• Willingness to adopt and responsibly use AI-enabled tools to enhance analysis, efficiency, and decision support while maintaining sound judgment and accountability.

Performance Expectations

• Exercise sound judgment, connect detailed findings to broader business risk, and prioritize multiple assignments while meeting deadlines.
• Build effective working relationships, communicate clearly in written and verbal formats, and deliver dependable support in both independent and team-based settings.
• Apply research, analysis, and process discipline to improve workflow efficiency, support strong customer service, and maintain compliance with established standards.

Education and Experience

• Bachelor’s degree and at least one year of relevant financial services or risk-related experience, or an equivalent combination of education, training, and experience approved by Human Resources.

Preferred Certifications

• SIE and Series 7 preferred.

Travel

No travel required.

Education

Bachelor’s: Accounting, Bachelor’s: Actuarial Science, Bachelor’s: Applied Mathematics

Work Experience

General Experience - 3 to 6 years

Certifications

N/A - Financial Industry Regulatory Authority (FINRA)

Travel

Less than 25%

Workstyle

Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.  Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

 

 

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 

We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.