Compliance Consultant - Securities

What You Can Expect In This Role

Responsible for the management and coordination of compliance activities in support of Sammons Financial Group Companies' securities operations. Represent the Securities Compliance Department in Business Unit and Compliance initiatives, providing strategic guidance to business partners and team members regarding areas of responsibility and securities compliance matters.

What You'll Do In This Role

• Review and analyze marketing material submissions for compliance with Financial Industry Regulatory Authority (FINRA) and/or Securities and Exchange Commission (SEC) marketing rules; file with FINRA for approval where necessary; collaborate with marketing and sales partners to accomplish positive sales outcomes in a compliant manner.
• Assist in the development and execution of comprehensive risk-based monitoring and testing to evaluate the effectiveness of policies and procedures and compliance with regulatory requirements. Areas of monitoring include, but are not limited to, firm communications, personal securities transactions, and trade data monitoring.
• Review, analyze, and update current policies and procedures for effectiveness; partner with Compliance leadership and business partners to enhance processes and controls to prevent, detect, and resolve compliance violations.
• Conduct internal investigations, branch audits, and vendor due diligence as needed to identify and address potential compliance risks and violations.
• Prepare clear and concise reports of review findings for management that identify regulatory and compliance concerns along with recommended solutions.
• Prepare and deliver training on securities compliance topics for business partners and compliance staff. Ability and willingness to partner and proactively share knowledge is required.
• Develop and maintain good relationships with both internal business partners and external parties by handling tasks and communication in a timely and professional manner. This includes collaborating and negotiating with state regulators to resolve concerns as well as fostering relationships with state insurance department personnel in order to mitigate risk and address decisions rendered by state personnel and, at times, openly and diplomatically address disagreements or concerns.
• Perform exception monitoring and conduct quarterly focused audits under SEC Rule 38a-1.
• Support the business and Compliance leadership in making difficult and nuanced decisions regarding complex issues using analytical decision-making.
• Accountable for accurate and timely updates, documentation, and maintenance of files in accordance with corporate record retention policies and departmental standards.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.
  
  

What We're Looking For

• Bachelor's Degree in business, compliance, or related field Preferred
• 2-4 years' experience in compliance, internal audit, risk, legal, or securities industry Preferred
• Working knowledge of securities products and/or regulations (state, SEC, and FINRA) preferred
• Excellent communication skills, both written and oral, and the ability to work with different personality types (i.e. regulators, registered representatives, heads of the business units, etc.) when communicating requirements, revisions, and approvals/rejections
• Ability to coordinate the compliance function with related activities of other areas of the organization and serve as a consultant for compliance issues relating to specified areas of responsibility
• Possess good project management skills and work independent of supervision to ensure securities compliance functions run smoothly
• Ability to utilize PC administrative tools (i.e. Microsoft Office Suite: Word, Excel, and Access)
• Understanding of the federal and state rules governing communications with the public
• Understanding of the electronic filing system used by FINRA for submission of advertising reviews
• Understanding of the requirements under SEC Rule 38a-1 as it applies to insurance company’s registered separate accounts
• Demonstrated ability to understand intricate rules and regulations and communicate them to different audiences
• Detail-oriented, with solid organizational abilities
• Ability to be a team player by demonstrating flexibility, understanding of other positions, and providing constructive and relevant input to discussions
• Ability to work independently to consistently manage and meet/exceed varying deadlines and regularly shifting priorities
• Exhibited ability to build and maintain ongoing key relationships with regulatory personnel as well as industry contacts and business partners
• Strong work ethic
• Series License-6 and Series License-26 Or
• Series License-7 and Series License-24 or ability to obtain within 120 Days Required
• Some travel to company offices and conferences annually required.
  
  

Other Requirements

• Criminal background check required.
• FINRA regulations require fingerprinting for this position; if we are holding securities licenses, a credit check will also be required. Management reserves the right to determine and approve incumbent suitability for this position.
• This role will be subject to a SEC compliance program, which can include monitoring personal securities transactions, restrictions on outside business activities, as well as other oversight and restrictions.
  
  

What you can expect when you join Sammons Financial Group

• Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
  
  

Work Authorization/Sponsorship

At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)