Deputy Chief Compliance Officer - Retail RIA

Deputy Chief Compliance Officer - Retail RIA – Total compensation $200k to $250k. Backup CCO. New position.  100 advisors; 5k clients; 10 states; 20% advisor increase due to RIA firm acquisition.  20 year client of my firm.  Retailed search. Hybrid. Manhattan headquarters and can work out of Newark, NJ. 

Why is the below important?  Because this firm is thriving when others are floundering and this means growth for you.

National wealth management firm with offices in Manhattan and Newark, New Jersy:

• AUM > $15b growing at 20% over the last three years

• backed by a pre-eminent private equity firm

• built by Advisors for Advisors and offering Advisors independence

• that helps advisors elevate their business with their differentiated partnership model

• that delivers robust client experiences 

• that is possible through an in-house Strategy Team of tax, estate, insurance and financial planning that is as an extension of the Advisor’s Team, 

• a prestigious investment advisory council with average industry experience of 25 years

• with top-tier technology tools and an open architecture

Reporting to the Chief Compliance Officer, who reports to the President of the firm, the Deputy CCO will be responsible for day-to-day compliance functions relating to the investment advisory business. The individual will be an expert in the Investment Advisers Acts and SEC-registered RIAs. General Responsibilities will include regulatory oversight, risk management, and policy implementation of all investment advisory relationships and serve as a daily point of contact for other departments, financial advisors, and institutional partners.

Responsibilities:

• Ongoing review, drafting and implementing of the Firm’s policies and procedures;

• Administering the firm’s Code of Ethics (“COE”) compliance program;

• Executing compliance program testing of policies procedures;

• Performing third party vendor and client due diligence procedures;

• Preparing and assisting with the required regulatory filings (ADV);

• Assist with management of Independent RIA activity, compliance, and recordkeeping;

• Review advertising materials, including websites to ensure compliance with the SEC;

• Assist with identifying, compiling and categorizing assets for internal and regulatory reporting and SEC filings, including custody, Forms ADV, Forms 13F and 13H;

• Support internal/external business associates on investment advisory compliance issues;

• Updating, distributing, and educating financial advisors on rules and regulations;

• Assist with review and update of Investment Advisory Agreements and Forms, including custom IAAs and fee schedules inventory;

• Help to identify, prioritize, and elevate risks related to managed accounts, third party relationships, or general conflicts of interest;

• Assisting with mutual fund compliance reviews and sub-advisor oversight;

• Partnering with Operations, Systems Administration, the investment teams and other constituents to ensure continual improvement of compliance monitoring systems, processes and oversight

• Other general compliance roles and responsibilities

Qualifications:

The Deputy CCO must possess exceptional organizational skills, attention to detail, a dedication to excellent client service and a commitment to working collaboratively with colleagues to effect risk reduction and continuous improvement in the firm’s compliance program.

• 5-10+ years of relevant experience at a registered investment adviser firm, including institutional and private clients and related operations and support functions; **(Will consider less experience for strong candidates).

• Working knowledge of the Advisers Act, SEC and applicable state rules and regulations. Knowledge of securities products, investment advisory services and arrangements, and related regulatory requirements.

• Understanding of fiduciary responsibilities and appropriate disclosure of conflicts of interest.

• Proficiency in Excel, Microsoft Office, and strong data analysis skills preferred

• Familiarity with automated third-party compliance surveillance and code of ethics systems a plus

• Familiarity with Anti-Money Laundering and Know Your Customer programs and procedures a plus

• Financial Planning and/or Insurance product compliance knowledge a PLUS

• BD knowledge a plus

• Ability to multi-task, prioritize and perform well under pressure

• Ability to handle confidential material with utmost discretion

• Ability to work with minimal supervision to accomplish objectives and priorities

• College degree required; JDs are welcome

• Strong communication skills (verbal and written)