What are the responsibilities and job description for the Chief Compliance Officer position at Cassaday & Company?
POSITION SUMMARY
The CCO is responsible for overseeing and administering the firm’s compliance program, ensuring adherence to SEC, FINRA, and other regulatory requirements. This role ensures the firm’s operations and staff remain compliant with applicable laws, and that the necessary policies, procedures, and training are in place to mitigate risk and promote a compliant culture.
The ideal candidate will demonstrate strong analytical skills, a commitment to excellent client service, and dedication to proactively developing policies that mitigate risk to clients, employees, and the firm. He or she will be part of maintaining a robust compliance program and partnering with leadership to build a scalable infrastructure to support continued growth of the firm.
RESPONSIBILITITES
Compliance Program Management
- Oversee all aspects of compliance for a SEC-registered investment advisor and affiliated Broker-Dealer.
- Ensure compliance with regulatory filings.
- Maintain the firm's compliance manual, testing programs, and annual calendar of compliance priorities.
- Stay abreast of regulatory changes.
- Oversee incident reporting, documentation, and resolution of compliance breaches.
Supervision & Auditing
- Conduct regular audits; address noncompliance as needed.
- Maintain records of compliance incident, reporting to management on frequency and trending topics.
- Supervise email, social media, and personal trading account surveillance.
- Review and approve marketing materials, client-facing documents, and the firm's trading log.
Training and Development
- Implement compliance training programs for all members of Cassaday.
- Manage registration, licensing, and continuing education requirements for the Firm's registered representatives.
- Provide targeted compliance training on overarching operational rules, and specific procedures that must be followed.
Risk Mitigation and Leadership Support
- Conduct risk assessments, manage the Business Continuity Plan, and follow up on annual compliance risk assessments.
- Provide compliance oversight for client investments.
- Act as main point of contact for external audits and regulatory examinations.
REQUIRED QUALIFICATIONS
- Bachelor's degree in finance, business, or a related field
- 5-10 years of compliance experience in wealth management
- FINRA Series 7, 66, 24 licenses and 51 (or the ability to obtain them)
- In-depth knowledge of regulatory frameworks (Investment Advisers Act of 1940, AML/KYC, SEC, DOL, IRS, FINRA rules)
- Proficient in MS SharePoint and MS Office (Excel, Word, Outlook)
- Proven leadership and organizational skills, with strong attention to detail
- Critical and analytical thinker
- Must be able to pass Broker Dealer criminal, driving, and financial background check
- Proficiency in planning and executing employee training for compliance measures
PREFERRED QUALIFICATIONS
- JD and/or MBA a plus
- Experience with Tamarac CRM a plus
- Drive to stay ahead of evolving practices in compliance
- Experience in developing and implementing compliance policies, systems, and processess
ABOUT US
Cassaday & Company, Inc. manages over $6 billion in assets for over 3,700 households.
Since its inception in 1993, Cassaday & Company has been recognized for employee development, community service, as a best place to work, as one of the fastest growing companies in the country, and as one of the top wealth advisors in the United States by outlets such as Barron's Forbes, Inc. 5000, Investment News, Financial Times, Washingtonian, and more.
BENEFITS
- Healthcare options, including medical, dental, vision, and supplemental programs
- majority of premiums paid by the firm
- 401(k) options
- Paid time off
- Telework options
- Health & Wellness program
- Paid parking in covered garage, OR monthly public transit subsidy
- Tax-free Dependent Care and Education assistance programs
- Company sponsored employee appreciation events