Compliance Officer
We are seeking an experienced Compliance officer to oversee the operations of our mutual fund dealership. The Compliance officer must have former experience working with a mutual fund dealer or an investment firm.
The ideal candidate will be responsible for all compliance-related work at the dealer, along with the onboarding processes. The compliance officer must also have the ability to drive business growth, ensure compliance with regulations, and provide exceptional customer service to our advisors. The ideal candidate should possess strong leadership skills, and in-depth knowledge of the mutual fund industry.
Responsibilities
The responsibilities of the Compliance Officer include, but are not limited to:
• Maintain the National Registrations Database (NRD) and handle onboarding of Advisors.
• Proactively develop policies and procedures to maintain compliance with the latest MFDA regulatory requirements.
• Keep all dealer policies up to date, supervise all transaction paperwork, and assure that the company and the advisors meet all compliance regulations.
• Perform various time-sensitive tasks such as year-end audit inquiries and client complaint files.
• Respond promptly to regulatory changes and advisor/client inquiries.
• Review, update and approve new client applications to ensure compliance with regulatory requirements.
• Oversee website and marketing material to ensure compliance.
• Manage license renewals, annual questionnaires, and Outside Business Activities (OBA).
• Perform regulatory reviews, generate reports, and interact with regulators.
• Perform internal and external risk assessments to ensure all relevant risks are appropriately identified, assessed, controlled, and monitored.
• Assist with the review and analysis of organic operating procedures and provide recommendations accordingly.
• Contribute to the development and effective implementation of policies, auditable procedures, controls, and relevant staff training.
• Utilize legal advice to assist in creating simple guidelines to maintain compliance throughout various departments.
• Assist with contract reviews and proof-read legal documents.
• Onboard and oversee new advisor training.
• Constantly create and facilitate appropriate business strategies as the markets, and the company evolve.
• Reduce risk exposure by setting, managing, and supervising compliance of internal governance policies as well as managing the impact of external factors.
Requirements
• 10+ years of previous experience in compliance and/or branch management.
• Relevant experience at an MFDA/investment firm.
• Completion of Partners, Directors, and Senior Officers Qualifying Examination (CSI) or Mutual Fund Officers Partners and Directors Course (IFIC).
Knowledge, Abilities, and Skills
• Thorough knowledge of Mutual Funds and investment products along with their benefits.
• Ability to act with thoughtfulness and good judgment while also maintaining confidentiality.
• Maintain a friendly, confident, professional, and respectful demeanor.
• Self-motivated with a drive to learn more about the current and future state of the financial industry.
• Detail-oriented with an ability to analyze, collect, and disseminate information.
• Proven ability to successfully review and challenge business, client, and advisor risk management practices and outcomes with both an entrepreneurial and consumer experience mindset.
• Ability to prioritize key deliverables, multi-task, and work well under pressure and deadlines.
If you are a results-oriented, strategic thinker with a passion for the mutual fund industry, with a drive to succeed, we invite you to apply for the position of Compliance officer. Join our dynamic team and contribute to the growth and success of our mutual fund dealer.
