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.
COMPLIANCE DEPARTMENT
The Compliance Department is responsible for ensuring that all applicable FINRA and SEC regulations are met by 1st Global’s Financial Advisors and employees by keeping the Advisors informed about developments in the industry and at 1st Global and by providing ongoing compliance education and oversight. To this end, the Compliance Department conducts office inspections of each branch office of 1st Global 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.
KEY JOB FUNCTIONS
All responsibilities are generally performed on a daily basis, unless otherwise noted. Specific responsibilities include, but are not limited to the following:
Ø Trains Financial Advisors and staff on securities regulations and responds to inquiries on same.
Ø Reviews prospective Financial Advisor U4 applications and approves or declines affiliation based on established criteria.
Ø Reviews outside activities and monitors personal accounts of Financial Advisors.
Ø Oversees Financial Advisor and employee activities to monitor for compliance with various state and federal securities rules and regulations.
Ø Monitors, reviews, and approves Financial Advisors’ correspondence and marketing materials.
Ø Conducts branch office inspections.
Ø Presents compliance sessions at MATRIX training, New Employee Orientation and WIN teams.
ADDITIONAL FUNCTIONS
Ø May contribute articles to compliance bulletins and create other educational training materials for use with Advisors and staff.
Ø May help train new employees.
Ø May perform special projects, as assigned.
Ø Assists other consultants with special projects.
QUALIFICATIONS
Ø Must have general knowledge of the FINRA and SEC regulations and general broker-dealer operations.
Ø A minimum of two years of compliance experience.
Ø Series 7, 24, and 66 securities licenses.
Ø College degree preferred.
Ø Must be able to travel 30% of the time.
SKILLS
Ø Must have excellent verbal and written communication skills, along with excellent presentation skills.
Ø Must have the ability to make sound decisions within a reasonable time frame and be able to face and resolve conflict and escalated issues.
Ø Must have strong attention to detail and ability to multi-task and prioritize jobs independently.
Ø Must have the ability to adapt quickly to changes or increases in work load, procedures and duties.
Ø Must be willing and effective at accomplishing tasks by working with others, including subordinates, peers and superiors.
Ø Must have the ability to influence others toward company goals, along with the ability to effectively facilitate a group toward a common goal.
Ø Must have proficiency in Excel and other MS Office applications.
ABOUT THE COMPANY
1st Global helps selected tax, accounting and law firms build and improve their comprehensive wealth management practices with proven business-building systems, education programs and technology. 1st Global supports affiliates with a nationwide infrastructure that provides wealth management education, securities brokerage, fee-based asset management, insurance services, retirement management, and financial and estate planning services.”
Make your next move with 1st Global today!
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