Our client, a leading financial services company, seeks a Chief Compliance Officer to oversee and manage the compliance program for its broker-dealers, registered investment advisors, and transfer agents ensuring adherence to laws, regulations, and internal policies. This is a hybrid position based in Newton, MA or Dresher, PA. Salary is $250k – $300k.
Duties and Responsibilities:
- Ensure that operating businesses comply with laws, regulations, policies, and procedures
- Develop, own, and manage department vision, priorities, and agenda
- Serve as CCO of broker-dealer, registered investment advisers, transfer agent, and State-Chartered Trust Companies
- Advise senior management and business units on regulatory initiatives
- Provide guidance and training to operating business units
- Act as liaison with regulators, including FINRA, SEC, MSRB, and State Banking Regulators
- Oversee regulatory exams and audits
- Serve as spokesperson on compliance issues, including client due diligence visits
- Draft and maintain policies and procedures to fulfill the applicable compliance requirements of each regulated entity and business unit
- Coordinate with internal operational groups to implement any needed compliance changes
- Handle all required filings and notices, including MSRB G42 and G45, Form BD, and Form ADV
- Administer AML/CIP/CID/SAR policies and filings, including transaction monitoring and FinCEN and OFAC searches
- Collaborate with Legal and Risk Management on privacy, identity theft and fraud incidents
- Oversee review and required filings of all advertising and marketing communications
- Oversee licensing and continuing education requirements for FINRA registered representatives including Forms U4 and U5, email review, compliance meeting monitoring and attestations
- Create, manage, and deliver annual compliance trainings, including firm, regulatory and AML Investment
- Oversee investment advisor compliance program for mutual funds, exchange traded funds, separately managed accounts, municipal securities and other investment products
- Conduct initial and ongoing due diligence of investment managers and collaborate with investment personnel to ensure compliance with the investment directives of clients
- Assist with the review and drafting of relevant program disclosure documents
- Work closely with the legal and risk management departments
- Support other compliance activities including responses to RFPs
- Evaluate compliance needs and requirements of acquired companies and ensure corporate standards are applied consistently across all divisions and locations
- Responsible for protecting, securing, and proper handling of all confidential data
- Manage and lead a team of compliance professionals who support multiple business units
- Develop a high performing team through implementation of effective recruitment, training/cross training, performance management, mentoring, motivation and coaching while fostering strong team and cultural dynamics.
Requirements:
- Bachelor's Degree (Required)
- Advanced degree (Preferred)
- Minimum 15 years of broker-dealer and investment advisor compliance experience
- Transfer agent compliance and/or operations experience preferred
- Expert knowledge of securities, investments, investment products, markets, and their rules and regulations
- Must have the following Securities Licenses or be willing to obtain them within 6 months: Series 7 – General Securities Representative
Series 24 – General Securities Principal; and
Series 51 – Municipal Fund Securities Limited Principal; or
Series 53 – Municipal Securities Principal
- Certification required: Certified Regulatory Compliance Manager (CRCM); other risk-related certifications desirable (CIA, CRP, CFE, or CAMS)
- Strong negotiation, influencing, and relationship management skills
- Strong managerial and leadership skills
