What are the responsibilities and job description for the Chief Compliance Officer position at Nations Financial Group, Inc?
As the compliance leader and subject matter expert, the CCO is responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting and correcting noncompliance with applicable policies, procedures, laws and regulations.
The CCO must provide reasonable assurance to senior management that there are effective and efficient policies and procedures in place, well understood and respected by all associated persons and that the company is complying with all regulatory requirements.
Essential Duties and Responsibilities
- Defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.
- Developing the compliance program and procedures that reflects the organization's unique characteristics.
- Periodically revising the compliance program and procedures in light of changes.
- Guiding in a productive, professional way, the compliance team.
- Overseeing and monitoring the implementation of the compliance program.
- Assisting with daily and periodic supervisory and monitoring activities.
- Providing guidance, advice, and/or training and educational programs, to improve associated person’s understanding of related laws and regulatory requirements.
- Providing strategic direction to the management team on compliance.
- Interacting with regulators on compliance issues.
- Coordinating all efforts related to audits, reviews, and examinations.
- Developing policies and programs that encourage associated persons to report suspected fraud and other improprieties, without fear of retaliation.
- Coordinating internal compliance review and monitoring activities, including periodic reviews of all departments’ activities.
- Supervise and support the Trade desk and its functions.
- Educate and assist all associated persons with regard to compliance to assist in creating a culture of compliance.
- Independently investigating and acting on matters related to compliance.
- Facilitate securities and insurance initial and renewal licensing as needed for the firm and associated persons.
- Assist and partake in the conversion and onboarding process of new associated persons.
Minimum Education and Experience
- At least 8 years of industry experience in a compliance role with a FINRA registered broker-dealer.
- Series 7, 63, 24 and 65 or 66 are required. Willing to take additional exams as needed.
- Bachelor's degree. Advanced degree a plus.
- Strong Leadership qualities
- Clean U-4 and excellent credit
- In-depth knowledge of the industry’s standards and regulations.
- Experience with and the implementation of Best Interest, KYC and AML policies.
- Ability to identify and solve complex compliance issues or policies in a team environment working with various levels of management.
- Excellent knowledge and experience with writing, maintaining, and revision of firm procedures and record keeping.
Minimum Skills and Competencies required to perform job
Must be highly motivated, comfortable working independently, good decision making, and organizational skills complemented with effective communication abilities to work with all associated persons’ groups. Must have effective written and verbal communication skills.
Desired Skills and Competencies
- Investigative Research
- Financial Analyst
- Due Diligence
- Examiner
- Insurance product knowledge
Travel Frequency amount of time working outside the office): 15%
Approximately 10-15%. Ability to travel locally within a specific geographic area; some travel outside of specific geographic area as applicable.