Chief Compliance Officer - Broker Dealer

About the position

We are seeking an experienced and highly qualified Chief Compliance Officer (CCO) to oversee and ensure the compliance of our broker-dealer operations, particularly in the context of our Alternative Trading System (ATS). Our successful candidate will be responsible for guiding the business on all relevant regulatory requirements, managing compliance programs, and ensuring adherence to SEC, FINRA, and SRO laws, rules, and regulations.

Responsibilities

• Provide comprehensive guidance to the business on SEC, FINRA, and SRO laws, rules, and regulations, with a special emphasis on broker-dealer rules and regulations, as well as those specific to alternative trading systems (ATS).
• Stay well-informed about the business and its operations to offer effective compliance oversight and allocate resources appropriately as the business evolves.
• Oversee communications with regulatory bodies, including the SEC, FINRA, and other relevant authorities. Spearhead regulatory examinations and investigations related to both broker-dealer and ATS operations.
• Ensure compliance with Regulation ATS, including the filing of Form ATS, Form ATS Amendments, and quarterly transaction reports on Form ATS-R. Manage the cessation of operations report when the ATS ceases operation.
• Supervise the upkeep of policies and procedures within the firm's Written Supervisory Procedures (WSPs) and anti-money laundering (AML) program. Ensure these policies are aligned with regulatory requirements and best practices.
• Conduct thorough risk assessments to identify potential compliance risks and vulnerabilities within the organization. Develop and implement mitigation strategies to address these risks.
• Oversee internal and external audits, thoroughly investigate potential compliance breaches, and coordinate efforts related to audits, reviews, and examinations.
• Develop and maintain comprehensive compliance programs tailored to the organization's specific needs and risks. This includes licensing and registration, AML and Know Your Customer (KYC) policies, data privacy and security measures, and consumer protection practices.
• Define the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization and develop the annual compliance work plan.
• Provide guidance, advice, and training to all lines of business to improve their understanding of related laws and regulatory requirements. Interact with regulators on compliance issues and coordinate internal compliance review and monitoring activities.
• Prepare and present clear and concise compliance reports to the Board of Directors and executive management.
• Ensure the ATS establishes written standards for granting access to trading on its system, makes and keeps records of all grants, denials, or limitations of access, and reports this information as required on Form ATS-R.

Requirements

• Minimum of 10 years of experience in broker-dealer trading compliance, with specific experience related to ATS compliance highly preferred.
• Bachelor's degree in a relevant field.
• FINRA 24 license required.
• Strong interpersonal, oral, and written communication skills. Ability to provide strategic direction and guidance on complex regulatory issues.

Benefits

• Healthcare benefits (medical, dental and vision, EAP)
• Competitive PTO
• 401k match
• Parental leave
• HSA contribution match
• Paid subscription to the Calm app
• Generous external learning and tuition reimbursement benefits
• Ability to work remotely up to two days a week