Chief Compliance Officer

Job Details

Level: SeniorJob Location: Dallas, TX 75240Position Type: Full TimeEducation Level: 4 Year Degree

JOB OVERVIEW

The Chief Compliance Officer directs all aspects of ETC Brokerage Services compliance affairs. The role oversees the company’s regulatory compliance programs. They serve as the compliance liaison for the Executive Team, Board of Directors, and external regulators. The CCO is a senior level role and has direct access to the ETCB CEO and President.   

 

RESPONSIBILITIES & DUTIES

• Monitors compliance with Company policy and regulatory guidelines to ensure compliance with FINRA, SEC, MSRB, State regulations, and all other applicable requirements as mandated by regulation or firm policy.
• Directs a staff of Compliance Professional(s) to assist in executing regulatory requirements and focuses on the development of such staff
• Provides periodic reporting and updates to senior management and the Board of Directors on the Company’s current Compliance and Risk Management efforts
• Serves as a resource to the Board, senior management, and department heads regarding applicable regulatory requirements, quality controls, internal controls, communications, reporting and management information systems, monitoring, and process improvements
• Manages the firm’s Compliance Program, including CIP, BSA/AML, OFAC, SAR, CAT and FinCEN reporting
• Communicates with the Company’s internal and external auditor(s) to help ensure Company goals and objectives pertaining to Compliance are being met,
• Takes a proactive role in regulatory requirements including assessments and testing of firm activities, identifying essential knowledge to disseminate to the firm, managing the day to day compliance operations,
• Responsible for regulatory management including identifying amended and new regulatory requirements, assessing firm standing in areas of regulatory focus, regulatory inquiries and exams.
• Collaborates, designs and executes on implementing efficient workflows for compliance requirements that entails centralized supervisory and record keeping- for example, marketing materials review
• Implements programs/initiatives to enhance compliance awareness and seeks to continuously improve the existing Company’s Compliance program
• Assists with the review of all Company forms, marketing and educational materials, and all internal and external Company communications including confirmations, statements and client correspondence
• Assists and supports various  stakeholders with drafting, reviewing, and modifying all broker dealer compliance related policies and procedures
• Implements and directs the Company’s record retention program
• Perform other duties as assigned by the ETCB Chief Risk Officer, President, CEO or Board
• Travel to various locations, both within our organization and externally, may be required depending on your role and responsibilities.

 

QUALIFICATIONS

• Bachelor’s Degree in Business or Financial discipline
• Minimum of seven (10) years of work experience in compliance, risk, supervision, audit department(s) of financial services organization required (broker-dealer experience strongly preferred)    

 

PROFESSIONAL CERTIFICATIONS

• FINRA Series 14 preferred
• FINRA Series 7, & 24 required
• If you do not already have a Securities license relevant to your role at Innovayte, you may be required to take and pass the Securities Industries Essentials exam provided by FINRA.  In addition, based on your role responsibilities, you may also be required to pass additional Securities Industry exams to allow you to operate in your role and be compliant with FINRA and the SEC requirements.   These licenses, when required, need to be obtained within certain specific time frames, typically 120 calendar days. 

 

TECHNICAL SKILLS

To be successful in this role, you should have experience with and an understanding of the following:

• Familiar with regulatory requirements in securities markets environment
• Demonstrated experience implementing and maintaining a compliance program within a FINRA regulated self-clearing or correspondent clearing organization
• Must have good communication skills (verbal and written) and have a successfully demonstrated record of conducting affairs and duties as a team member
• Strong analytical skills and proficiency working with Microsoft Excel and Power Point preferred
• Experience with IRS rules and regulations related to Retirement Accounts and tax reporting applicable to such accounts preferred
• Extensive FINRA, MSRB and SEC regulations knowledge

 

CULTURAL COMPETENCIES

Innovayte is dedicated to building an environment where each team member can thrive, contribute meaningfully, and grow professionally and personally. We believe that our core values—rooted in

 

• Respect
• Empowerment
• Innovation
• Integrity
• Trust
• Accountability

 

are essential to achieving our mission. These values guide us in everything we do, from daily interactions to strategic decisions. We’re looking for individuals who not only share these principles but are excited to bring them to life in meaningful ways. In addition to our core company competencies of Cultivates Innovation, Nimble Learning, Action Oriented, Collaborates, and Being Resilient, a successful candidate in this role should exhibit the following behavioral competencies:

 

• Global Perspective
• Organizational Savvy
• Ensures Accountability
• Courage

 

ROLE OF A MANAGER

If your role entails supervising or managing other employees, you have the privilege of helping mold and develop the next generation of leaders within Innovayte.  It is therefore critically important to ensure your associates have proper training, ongoing monitoring of their functions and timely coaching.   As a regulated firm, managers are also responsible for maintaining effective training programs for their associates and departmental procedures that are current, reflective of the activities within the domain including risk management over such activities.  Managers are equally responsible for ensuring that the department’s supervision of regulated activities is accurately reflected in the firm’s central supervisory procedures and disseminated within the department.

 

PHYSICAL DEMANDS/WORK ENVIRONMENT

This job operates in a professional office environment and routinely uses standard office equipment. While performing the duties of this job, the associate is regularly required to speak and hear. The associate is frequently required to sit for extended periods of time, as well as stand, walk, use hands and fingers, and reach with hands and arms. This job requires the ability to lift files, open filing cabinets, and bend or stand on a stool as necessary.

 

DISCLAIMER/ASSOCIATE ACKNOWLEDGEMENT

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.

Qualifications