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Job

Chief Compliance Officer

A large Fintech client of ours in Los Angeles is looking to bring on a Chief Compliance Officer with a tenured background in broker dealer compliance and securities. You will run the entire compliance department and should be well versed in both FINRA and SEC marketing regulations. We are looking for an executive that is innovative, forward thinking, fast moving and can expand their understanding of the intersection between the Fintech and regulatory landscapes.

Responsibilities:

  • Manage the entire compliance infrastructure and team
  • Education, Training, and Promoting a Culture of Compliance: Develop, enhance, and deliver compliance-related training to all employees, including training specific to rules, regulations, standards, and resources, including required Annual Compliance Meeting, FINRA Firm Element, and continuing education
  • Policies and Procedures: Formulate, implement and update broker-dealer and investment adviser compliance programs and initiatives
  • Compliance Supervision, Testing, and Monitoring: Regular, annual, and ad-hoc testing and monitoring of policies and procedures of multiple departments and entities to ensure compliance with applicable regulations
  • Compliance Administration (including Registration, Licensing and Employment): Manage the onboarding process of new employees, as well as ongoing support of regulatory-required disclosure of personal securities accounts and transactions, outside business activities, political contributions, and others
  • Manage all aspects of marketing compliance
  • Act as knowledge source on issues related to product and account structuring, and work with product and service providers as needed to develop or streamline account and product structures
  • Maintain the Legal & Compliance Regulatory Calendar and coordinate, update and file broker-dealer and investment adviser registrations, disclosures and reports (such as Form ADV, Form BD, Forms U4 and U5, Form 13F), and other related requirements
  • Assist with third party vendor risk reviews, mitigation, and due diligence
  •  Audit and Regulatory Examinations: Provide general support to Operations, Finance, and all other departments in preparing for and executing responses to routine audits and examinations
  • Compliance Advisory: Provide business partners with actionable guidance and advice to effect compliance with regulatory and standards in support of developing products, services, features, and strategic initiatives, with a strong focus on client service and operations
  • Execute appropriate practices for monitoring fund and adviser service providers including initial due diligence and sub-adviser oversight
  • Liaise with fund CCO, fund administrator, fund board and Aspiration management for quarterly meetings, quarterly compliance reporting and related projects
  • Prepare and update regulatory documents including ADV, prospectus, SAI (conferring with counsel as needed)
  • Manage operational and regulatory setup of new products and product integration with online platform
  • Be central point of contact for compliance consultants, outside counsels and any parties related to compliance or legal issues
  • Respond to all legal notices, including bankruptcies, subpoenas and other client matters

Required Qualifications:

  • 10+ years of experience in compliance and operations at broker dealer or related firm
  • Direct experience with FINRA and SEC exams and advertising/marketing compliance
  • Knowledge of structuring of investment products/accounts
  • Knowledge of regulatory landscape and ability to translate into actionable practices and operations
  • Must have Series 7, 24 and 66

Nice to Have Qualifications:

  • Fintech experience
  • Banking regulatory/compliance experience
  • Familiarity with NACHA rules/regulations
  • Securities/Banking law experience
  • Fund and adviser compliance and operations

If this opportunity interests you, please reach out to Stellan Christensen.