Chief Compliance Officer

Chief Compliance Officer



 

Beneficial Financial Group, a leading provider of financial services, has an immediate opening for a Chief Compliance Officer in our Salt Lake City, Utah home office. Oversees compliance for Insurance Company, Broker/Dealer and Registered Investment Advisor entities. Position will report directly to the CEO of the Insurance Company and Broker/Dealer and has excellent growth potential.

 

Major Responsibilities:Oversee firm?s compliance with NASD, SEC and state rules and regulations governing broker/dealer activities, investment advisor activities and insurance activities. WebCRD and IARD Administration including Form BD, Form U-4, Form U-5, Form BDW, Form ADV, Firm Contact Questionnaire filings Web Focus and WebIR administration and filings Knowledgeable about Insurance regulations concerning Sales Practices, customer disclosures, commission sharing arrangement as well as licensing and appointment requirements Broker/Dealer Financial Reporting and compliance with SEC Net Capital Rules Establishment and oversight of Internal Controls and Supervisory Control systems. Compliance with Customer Identification and Anti-Money Laundering Program requirements. Conduct compliance reviews of existing branch locations Review and approve advertising and sales material in accordance to established guidelines Design and maintain relevant Policies and Procedures based regulatory requirements and firm policy. Perform transaction surveillance, determine the risk assessment through audit techniques, and document follow up actions to resolve concerns. Conduct annual Needs Analysis, implement and monitor annual Firm Element Training Plan Regulation S-P compliance Track and enforce annual compliance requirements Provide written reports concerning complaint investigations Handle questions and research involving compliance issues

Candidate Requirements:Extensive knowledge of broker-dealer and registered investment advisor regulatory compliance including NASD, SEC and state regulations. Knowledgeable about ERISA and fiduciary requirements of Investment Advisors Knowledgeable about Form BD and Form ADV disclosure requirements Demonstrated ability to work effectively with regulatory authorities on routine examinations, enforcement actions and investigations of customer complaints Demonstrated excellent communication skills, both written and oral. Demonstrated ability to effectively analyze complex situations, absorb large amounts of information, and apply past experience and judgment to resolve issues in a timely manner. Comfortable working independently, and with little direct supervision. Able to travel overnight. Can work in a team environment effectively. Possess skills to handle difficult customer service problems effectively. Possess skills to work with all levels of staffing, including management and sales staff. Must be an effective time manager and have the ability to multi-task work assignments. Strong interpersonal skills.   Able to present findings and suggestions to management. Bachelor's Degree or equivalent. Former regulator / legal experience a strong plus.

?NASD Series 7, 24, 65 and 63 required; Series 27 a strong plus.

 

Relocation benefits are available for this position.

 

Equal Opportunity Employer