We are representing a rapidly growing investment firm in the Houston area, who are looking to recruit a Chief Compliance Officer to manage their Broker Dealer business.
Responsibilities
• Reporting to the Chief Operating Officer with one direct report
• Oversee the broker-dealer compliance program functions including implementation of written supervisory procedures, policies, training, annual testing, transaction monitoring, AML compliance
• Manage the Firms’ FINRA Gateway filings (i.e., Forms BR, BD, U4s, U5, etc.), coordinate efforts related to broker-dealer audits, inspections, reviews, and examinations, monitoring complaints and reporting as necessary
• Manage all aspects of the Firm’s AML compliance program, as outlined in FINRA Rule 3310, including reviewing subscriptions, redemptions; maintenance of AML policies; conducting AML annual training; managing annual independent audit of AML program; reviewing alerts generated by screening system; filing AML reports as needed such as suspicious activity reports; monthly suppression of terrorism reports, and FinCEN 314(a)
• Lead efforts around employee personal trading compliance
• Be involved in Code of Ethics policy decisions, procedures, and program management
• Work with various team and departments including Legal, Onboarding, Business Development, Relationship Management Support, and HR to identify and address regulatory risks
• Collaborate across enterprise-wide compliance and risk program
• Identify areas of potential compliance risk and vulnerability; oversee and drive effective resolution, reporting to senior management and authorities
• Communicate compliance issues and trends and provide routine compliance reports to management
• Advocate the firm’s compliance policies to the investment and business development sides of the business and problem solving with them at a high level when necessary
• Maintenance and implementation of the firm’s policies and procedures and recommend revisions in response to regulatory changes
• Carry out and enforce the firm’s supervisory procedures to include overseeing email surveillance, review of engagement letters, subscription agreements, licensing, and registration
• Assist in document production and responses to regulatory inquiries and audits
• Perform and oversee initial and ongoing due diligence of M&A securities engagements
• Conduct suitability reviews of prospective institutional/accredited investors
• Work with the IT team to identify operational and technical solutions to enhance the firm’s compliance efficiencies and leverage technology
• Review and approve marketing materials (confidential information memorandum, pitch decks) for institutional use
• Respond to general compliance inquiries from the internal staff and the firm’s registered representatives
• Identify, investigate, and escalate potential sales practice misconduct and carry out appropriate disciplinary action
Qualifications:
• Bachelor’s Degree
• FINRA SIE, 7, 24, and 63 required
• Significant Broker-Dealer (FINRA) compliance leadership experience, ideally at Chief Compliance Officer level
• Experience working directly with FINRA on audit activity and enquiries
Application Process for Chief Compliance Officer:
Qualified professionals are to submit resume to Steve Harrison at: steve@conselium.com
