The Deputy Chief Compliance Officer, Broker Dealers is responsible for supporting our Cetera Investment Services broker dealer and overseeing shared service functions performed on behalf of all Cetera broker dealers by the BD Compliance team. In this role, you will directly support both the Financial Institutions and Cetera Investors channels by providing guidance and support to our financial professionals, partnering with Supervision to identify and mitigate risks, and working with our shared service Compliance functions on escalated matters.
What You'll Do:
* Manage day-to-day activities of the Broker Dealer Compliance team, including responding to Compliance inquiries from the field, pre-hire onboarding reviews, reviewing escalated items from Supervision, Surveillance, Branch Exams, etc., and disciplinary matters
* Coordinate policy and procedures updates with other Deputy CCOs, Supervision, and Compliance Shared Services to ensure that broker-dealer compliance programs meet applicable laws and regulations and ensure policy and procedure consistency, in general, across the Cetera firms.
* Ensure that the business model for financial professionals in the Financial Institutions and Cetera Investors channels are considered when discussing new policies and procedures, projects, and implementation dates.
* Participate in testing and risk monitoring programs, including testing performed under FINRA Rule 3120, and assist in the development of remediation plans to address any findings in accordance with regulatory expectations and best practices.
* Provide recommendations to the business regarding the implementation of new rules and regulations.
* Work with senior management, legal department, human resources, Regional Growth Team, Registered Representatives and other key constituencies to encourage, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations.
* Be a subject matter expert when dealing directly with advisors on a variety of compliance, regulatory and business/industry topics.
* Partner effectively with financial advisors along with internal departments such as Operations, Information Technology, Finance, Supervision and Business Department to advance initiatives.
What You Need to Have:
* Bachelor's degree (preferrable)
* Minimum 8 years of experience in a Broker Dealer Compliance or Supervision role
* Broad exposure to key functional areas of sales practice oversight, risk mitigation, recruiting, and retention
* FINRA Series 7, 24
* Familiarity of the broker-dealer business from a product, corporate governance, compliance and administrative perspective
* Knowledge of FINRA and SEC rules and regulations, interpretive guidance and industry best practices
* Ability to identify and assess risk, and recommend controls, or other measures, to eliminate or mitigate the risk
* Ability to interpret and communicate regulatory guidance
* Ability to review and analyze cases from a practical, policy and regulatory framework
* Ability to identify solutions to problems when there is a disagreement between parties
* Ability to interact with members of senior management and a highly entrepreneurial and independent minded sales force
* Excellent written and verbal communication
* Good analytical skills and attention to detail
* Knowledge and ability to use MS office including Excel, Word, PowerPoint, and Salesforce (preferrable)
* Ability to work well under pressure and under tight deadlines
* Ability to grow, coach and mentor compliance team
What's Nice to Have:
* Advanced degree
* Experience working in a shared services environment
* Management experience, especially in a hybrid or multiple office environment
Travel Requirements: Travel up to 15%
Compensation:
The base salary range for this role in Dallas, TX is $161,000-$221,000, plus a competitive performance-based bonus. Base salary depends on a wide array of factors, including but not limited to skill set, years and depth of experience, certifications, and location. Salary range may also differ significantly due to geography and cost of labor considerations.
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