Chief Compliance Officer - Wealth Management
Chief Compliance Officer - Wealth Management
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Job Description
This role will be a hybrid position based in Mclean VA.
Our client is a top Wealth Management Firm that provides comprehensive financial planning retirement and tax planning estate planning risk management and investment management services. The company manages approximately $5 billion in assets on behalf of clients.
The Chief Compliance Officer (CCO) oversees and administers the firms compliance program ensuring adherence to SEC FINRA and other regulatory requirements. This role ensures the firms operations and staff remain compliant with applicable laws and that the necessary policies procedures and training are in place to mitigate risk and promote a compliant culture.
The ideal candidate will demonstrate strong analytical skills a commitment to strong client service and dedication to proactively developing policies that mitigate risk to clients employees and the firm. They will be part of maintaining a robust compliance program and partnering with leadership to build a scalable infrastructure to support the continued growth of the firm.
Key Responsibilities:
Compliance Program Management:
- Oversee all aspects of compliance for an SECregistered investment advisor and affiliated BrokerDealer.
- Ensure compliance with regulatory filings including Form ADV updates
- Maintain the firms compliance manual testing programs and an annual calendar of compliance priorities
- Stay abreast of regulatory changes evaluate the impacts and make recommendations on adjustments to firm process/policy.
- Communicate effectively with firm management and staff to promote smooth workflow and identify/resolve problems.
- Maintain communication with regulatory bodies (SEC FINRA); ensure proper documentation is submitted.
- Oversee incident reporting documentation and resolution of compliance breaches.
Supervision and Auditing:
- Conduct regular audits of compliance systems and policies to ensure adherence and address any noncompliance with training or disciplinary action as needed.
- Maintain records of compliance incidents report to management on frequency and trending topics and make recommendations for mitigating incidents.
- Approve brokerdealer paperwork and oversee securitiesrelated mail processing
- Supervise email social media and personal trading account surveillance
- Review approve and submit marketing materials and other clientfacing documents
- Review approve and respond to firms trading log
Training and Development:
- Implement compliance training programs
- Manage registration licensing and continuing education requirements for the Firms registered representatives
- Provide targeted compliance training on both overarching operational rules and specific rules/procedures that must be followed.
Risk Mitigation and Leadership Support:
- Conduct risk assessments manage the Business Continuity Plan (BCP) and follow up on annual compliance risk assessments
- Provide compliance oversight for client investments including diligence for private funds and alternative investments
- Act as the main point of contact for external audits and regulatory examinations.
Requirements:
- Bachelors degree in finance business or a related field.
- 510 years of compliance experience.
- FINRA Series 7 66 and 24 licenses (or the ability to obtain them)
- Indepth knowledge of regulatory frameworks (Investment Advisers Act of 1940 AML/KYC SEC FINRA rules)
- Proficient in MS SharePoint and MS Office (Excel Word Outlook)
- Proven leadership and organizational skills with strong attention to detail
- Critical and analytical thinker.
- Must be able to pass Broker Dealer criminal driving and financial background check
- Proficiency in planning and executing employee training for compliance measures
Preferred Qualifications:
- JD and/or MBA
- Preferred experience in wealth management and BrokerDealer environments.
- Experience with Tamarac CRM
- Drive to stay ahead of evolving practices in compliance
- Experience in developing and implementing compliance policies systems and processes
#ZR
#IND
Required Experience:
Chief
Employment Type
Full-Time
