Tap our resources.

They run deep. Since our inception we've kept our focus trained exclusively on the financial industry, and we've built a vast network of contacts in the process. Let us put those resources to work for you. We'll connect you with the most current job openings at the most desirable companies in Chicago or nationwide.

Job Order:
0617-003-111

Job Type:
Permanent

Title:
Compliance Professional

Location:
Southwestern US

Description:
Summary/Responsibilities:
The Compliance Department is responsible for ensuring that all applicable FINRA and SEC regulations are met by Financial Advisors and employees by keeping the Advisors informed about developments in the industry and by providing ongoing compliance education and oversight. To this end, the Compliance Department conducts office inspections of each branch office to determine whether each office’s records are in compliance with SEC, FINRA, and State requirements, and provides training and consulting to advisors and their staff regarding the proper recordkeeping and office procedures. The Compliance Department is responsible for reviewing all advertising and sales literature created by advisors, as well as all marketing material and communications created by internal staff, for compliance with FINRA regulations. The Compliance Department provides extensive training to its advisors via the annual Compliance Session (as part of the responsibility of administering the CE program) and provides guidance via targeted Financial Advisor group e-mails, newsletters, and one-on-one training during office visits, on the phone, and via e-mail. Training, support, and guidance is provided to staff members regarding the firm’s written supervisory procedures, as well as the rules and regulations of the various regulatory bodies. The Department is also responsible for reviewing the U4s, Outside Business Activities, Correspondence, and 407 statements of its advisors, handling all customer complaints, arbitrations, mediations, and other legal issues, due diligence of new products, maintaining E&O coverage, responding to regulatory requests, monitoring and surveillance of trading activities, and creating and revising the firm’s written supervisory procedures.
MISSION AND SUMMARY OF POSITION
The Compliance Consultant performs a key role in the oversight of Financial Advisors and employees, with a primary focus of overseeing and monitoring activities for compliance with the various state, FINRA, and federal securities rules and regulations.

The Consultant is responsible for performing regulatory inspections to ensure compliance with record-keeping regulations and written supervisory procedures, as well as to review daily blotters, commission records, personnel files and complaints. The Compliance Consultant reviews and approves Advisors’ correspondence, sales literature and advertising materials to ensure it meets applicable FINRA standards. The Consultant is also responsible for reviewing all financial services communications and vendor materials. Projects will be assigned to the Consultant to analyze new regulations, internal policies, and business areas to recommend and implement the appropriate steps to address the issues.

Specific responsibilities include, but are not limited to the following:
Trains Financial Advisors and staff on securities regulations and responds to inquiries on same.
Reviews prospective Financial Advisor U4 applications and approves or declines affiliation based on established criteria.
Reviews outside activities and monitors personal accounts of Financial Advisors.
Oversees Financial Advisor and employee activities to monitor for compliance with various state and federal securities rules and regulations.
Monitors, reviews, and approves Financial Advisors’ correspondence and marketing materials.
Conducts branch office inspections.
Presents compliance sessions at MATRIX training, New Employee Orientation and WIN teams.

Requirements:
Must have general knowledge of the FINRA and SEC regulations and general broker-dealer operations.
A minimum of two years of compliance experience.
Series 7, 24, and 66 securities licenses.
College degree preferred.
Must be able to travel 30% of the time.


Category:
Broker Dealer

Contact:
matt@bcius.com