Compliance Officer

Reports to Chief Compliance Officer/President

FLSA: Exempt

Classification: Interim or Full-time

Location: Arlington, Texas preferred or Remote

Remote: Limited

Travel: Less than 10%

About Us:

About the Role:

Under the general supervision of leadership, the Compliance Officer is a principal licensed role and is responsible for assisting the CCO with the execution and oversight of the firm’s compliance program. In addition, the position is responsible for monitoring and tracking regulatory requirements and certifications and acting as a resource to firm personnel with respect to laws, regulations, and Company policies and procedures relating to the securities industry.

Responsibilities:

• Maintain a compliance calendar and track tasks to ensure adherence to regulatory and internal compliance deadlines
• Act as a point of contact for independent testing requests, to assist in satisfying annual FINRA requirements relating to AML testing (Rule 3310), supervisory controls testing (Rule 3120), and OSJ/branch inspections (Rule 3110). Draft action plans to address deficiencies, implement corrective actions, and prepare the Annual CEO Certification report as specified in FINRA Rule 3130.
• Monitor new and proposed regulatory requirements and establish policies and procedures to comply with requirements.
• Collaborate with an affiliates Marketing by reviewing a variety of marketing material for alignment with applicable regulations, company rules, policies, procedures, and controls to mitigate risks.
• Assist in development and coordination of employee training requirements, including the annual compliance meeting, Regulatory Element, and Firm Element training.
• Review monthly disciplinary actions in the industry and communicate relevant information to leadership.
• Provide regulatory and compliance advice to firm personnel on an ongoing basis.
• Serve as point of contact for FINRA registration filings, and facilitate Form U4 amendments, Form U5 filings, and Form BR amendments when required.
• Work with new hires to ensure regulatory and internal compliance requirements are met.
• Partner with leadership and propose solutions to address compliance issues.
• Act as a point of contact for regulatory inquiries and requests, compile requested information and documentation, and draft respond to regulators by the required deadline.
• Perform email reviews
• Perform quarterly reviews of employee outside brokerage accounts and trading
• Update the firm’s Written Supervisory Procedures when necessary
• Ensure Anti-Money Laundering (AML) requirements are met, including FinCEN reviews, OFAC screening, and Customer Identification Program (CIP) requirements as mandated by the USA PATRIOT Act. Establish processes to conduct and document due diligence on Regulation D offerings
• Ensure broker-dealer required records are up to date and retained in accordance with regulatory retention rules
• Review outside business activities of registered persons
• Facilitate completion of employee annual compliance questionnaires and employee certifications
• Oversee compliance with the handling of escrow accounts
• Business Continuity Plan (BCP) reviews and testing
• Other duties as assigned.

Candidate Requirements:

• Must be self-directed, organized, positive, driven, and effective in a fast-paced changing environment
• Be a problem solver; make independent and collaborative decisions as appropriate
• Excellent verbal and written communication skills
• Understanding of FINRA and SEC rules and regulations including those which apply to Regulation D offerings, and the ability to apply regulatory requirements to the firm’s business model
• Ability to seek interpretations and provide guidance on non-routine and often complex compliance matters
• The ability to stay abreast on latest industry developments to be proactive rather than reactive when issues arise

Education and Experience:

• 5-7 years of legal, compliance or related experience in the financial services industry
• Bachelor’s degree required (would consider industry experience in lieu of education)
• Broker/Dealer compliance experience preferred
• Series SIE, Series 7, Series 24 required
• Series 99 preferred

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 25 pounds at times.