Compliance Technician
Compliance Technician
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Salary Not Disclosed
1 Vacancy
Job Description
The Montana State Auditors Office Commissioner of Securities and Insurance (CSI) has an exciting opportunity available for a parttime Compliance Technician in the Securities Division! To learn more about the Agency the Securities Division and this position please continue to read more.
CSI Overview
We are entrusted with protecting all Montanans from bad actors by regulating two of the states largest industriessecurities and insurance. We strive to foster a thriving Montana industry marketplace through education commonsense regulation and equitable enforcement of the law with swift accountability for fraudsters and justice for their victims.
Our Vision
At the CSI our vision is to safeguard Montana consumers by regulating the insurance and securities industries investigating fraud and prosecuting criminals.
Our Mission
Our Mission consists of the following:
- Informing consumers and industry through education and outreach
- Providing responsive and meaningful customer service
- Supporting Montana business by promoting industry innovation and removing unnecessary regulatory roadblocks and red tape
- Managing State Trust Lands with longterm goals of stewardship for the ongoing benefit of public education
Why Work with Us
All of our positions with the agency are located in Helena Montana. Montana is an allaround great place! We are centrally located in the heart of Helena and within walking distance of beautiful downtown. With countless outdoor opportunities great schools and a smalltown atmosphere Helena is an excellent place to live. You can also learn more about moving to and living in Helena Montana here. The Montana State Auditors Office is an equal opportunity employer.
About this Opportunity
The Securities Act of Montana (Act) is designed to protect investors and persons engaged in securities transactions. Additionally the Act requires the Securities Division to encourage promote and facilitate Montana investment opportunities while promoting uniformity among the states. Together these three tasksinvestor protection capital formation and uniformityguide our processes and policies.
The Securities Division accomplishes this through the following:
- Ensuring all persons and offerings are registered with the agency (or have a valid exemption for not registering)
- Conducting examinations of our registered entities
- Investigating allegations of wrongdoing
- Promoting outreach to Montana citizens and regulated entities
- Participation in the North American Securities Association (NASAA) and collaboration with other state regulators
The Securities Compliance Technician serves this mission by performing compliance and application review functions for the Securities Division which include the following:
- Reviews salesperson investment adviser representatives brokerdealer firms and issuer registrations to ensure compliance with the Montana Securities Act
- Ensures accurate information is provided in accordance with governing laws and policies. Previous securities industry experience is not required
The responsibilities include but are not limited to:
- Receives and processes routine offering registrations (mutual funds UITs Regulation D offerings) for compliance with the Montana Securities Act; including registrations submitted through the Electronic Filing Depository (EFD) on paper or a legacy system.
- Seeks additional information from late registrants concerning sales and commissions assesses responses and provides recommendation on addressing noncompliance.
- Receives and reviews initial and amendments of Form U4s (Uniform Application for Securities Industry Registration or Transfer) and Form U5s (Uniform Termination Notice for Securities Industry Registration) submitted through the Central Registration Depository (CRD) or Investment Advisor Registration Depository (IARD)national filing systems maintained by the Financial Industry Regulatory Authority (FINRA).
- Makes registration and termination decisions based on a review of the form and supporting information provided to protect investors and ensure the representative is and/or has complied with the Montana Securities Act.
- Seeks additional information from salesperson and investment adviser representatives firms Compliance Officer to determine the materiality of the disclosure item(s).
- Reviews information received and makes licensing decisions including in consultation with other Division staff where necessary on requests for withdrawal proposal of a heightened supervision plan referral to Legal Bureau for legal action or closing matter with no action.
- Reviews initial disclosures and amendments of brokerdealer firms Forms BD and BDW to protect investors and ensure the firms operations in Montana are in the publics interest.
- Codes and reconciles funds.
- Serves as backup to paralegal on nonroutine issuer application review and processing on an as needed basis.
- All Securities Division staff respond to hotline calls from the public and industry.
What can you offer us
Minimum Qualifications (Education and Experience):
- Graduation from an accredited college or university with an associates degree in business administration accounting or in a field of study related to the work assignment or a bachelors degree in any field; and
- Two 2 years professional work experience. Must be willing and able to learn the securities industry to include laws rules and regulations.
*Other combinations of education and experience will be considered on a casebycase basis.
Preferred Qualifications:
- Knowledge of the methods practices and terminology of regulation and industry practices; data and records management.
- Knowledge of the Securities Act of Montana the Montana Administrative Rules regarding the regulation of securities the Securities and Exchange Acts of 1933 and 1940 the Investment Advisers Act of 1940 and the Financial Industry Regulatory Authoritys policies and rules.
Knowledge skills and abilities in the following areas:
- Willingness and interest in learning a highlyregulated industry. Previous securities industry experience is not required.
- Ability to work independently but also as part of a team make sound decisions and be accountable for them.
- Ability to establish and maintain effective working relationships with other employees the securities industry and the public.
- Excellent demonstrated written communication skills including the ability to relay complex and detailed information to various stakeholders in a clear and concise manner.
- Strong proficiency in the use of PC software applications including Microsoft Office (Word Excel PowerPoint Google Suite etc..
- Ability to exam technical data and identify discrepancies with keen attentiontodetail to ensure accuracy thoroughness and consistency.
How to apply
Special Instructions:
If you feel you have the qualifications for this position and have an interest in providing meaningful and responsive customer service to the public and agency staff while protecting Montana consumers please submit all the following with your application materials:
1. Cover letter*: Please see details below on what to include in your cover letter.
2. Resume
3. Transcripts may be required upon request
*Cover Letter: In your cover letter:
Describe how your work experience and educational background relate to the requirements of this position to include the knowledge skills and abilities outlined in this job posting.
Important Tip: When uploading and submitting your application materials please make sure to mark your attachments as relevant or we will be unable to view your documents.
Please Note: In order to be considered all application materials (see items 13 above) must be submitted by no later than the closing date/time on this posting.
CSI will invite a limited number of applicants to a minimum of one structured interview. Selectees are subject to successful reference background and fingerprint check. Those selected for an interview may be subject to taking a performance test prior to the interview. A minimum of three professional references will be required.
Successful applicant(s) will be subject to criminal history background check.
Only electronic materials will be accepted. If you need assistance or an accommodation please contact Human Resources. Materials submitted but not requested will not be considered in the selection process.
Applicants claiming employment preference are required to provide proper documentation i.e. Veteran Preference (DD214 Disabled Veteran document from U.S. Veterans Administration certifying serviceconnected disability or purple heart medal disabled (DPHHS Disability Certification) by the closing date. The State of Montana Careers system will generate an email with instructions on how to submit preference documents. The Montana State Auditors Office is an equal opportunity employer.
The State of Montana has a decentralized human resources (HR) system. Each agency is responsible for its own recruitment and selection. Anyone who needs a reasonable accommodation in the application or hiring process should contact the agencys HR staff identified on the job listing or by dialing the Montana Relay at 711. Montana Job Service Offices also offer services including assistance with submitting an online application.State government does not discriminate based on race color national origin religion sex sexual orientation gender identity or expression pregnancy childbirth or medical conditions related to pregnancy or childbirth age physical or mental disability genetic information marital status creed political beliefs or affiliation veteran status military service retaliation or any other factor not related to merit and qualifications of an employee or applicant.
Required Experience:
IC
Employment Type
Full Time
