Chief Compliance Officer (Remote/Onsite/Hybrid)
NextCapital, United States
Job Description
ABOUT US
NextCapital is the leader in enterprise digital advice. NextCapital partners with world-class institutions to deliver personalized planning and managed accounts to individual investors, whether they’re saving for retirement in a 401(k) or IRA or investing in a taxable brokerage account. Our open-architecture digital advice solution provides better outcomes for our partners and individual investors by offering integrated account aggregation, analytics, planning and portfolio management, and customizable advice methodology and fiduciary roles.
JOIN OUR TEAM
Our people are core to who we are. As we grow and scale, we’re looking for someone who will have overall accountability for aligning our compliance operations to our overall business strategy. The ideal candidate is a do-er and taskmaster with a creative and innovative mindset, who possesses experience performing compliance related functions for an SEC registered Investment Adviser. Learn more about NextCapital at www.themuse.com/companies/nextcapital
WHAT YOU’LL DO
- Work closely with senior management and internal clients/colleagues to facilitate work and accomplish objectives in a collaborative effort.
- Maintain a thorough and up-to-date understanding of regulations (e.g. SEC, ERISA, FINRA, Blue Sky) governing NextCapital’s business through ongoing education and involvement with industry groups.
- Monitor regulatory changes and revise current compliance procedures and/or draft new compliance procedures as deemed advisable.
- Continually identify ways to create, enhance, maintain and test compliance rules contained within the firm's proprietary investment management system.
- Perform compliance testing, records research and prepare reports.
- Draft a variety of certificates, documents, questionnaires, procedures and letters relating to firm and client compliance.
- Prepare forms for regulatory and firm reporting and filings.
- Research issues and questions as necessary to provide compliant and reliable advice and direction to senior management and staff on all issues concerning compliance policies, rules, regulations and procedures affecting the firm.
- Identify affected policies and procedures and work with the applicable departments to revise, document and implement revisions.
- Responsible for quarterly due diligence updates and ongoing reviews of sales/marketing materials, including fact sheets, presentations, sales kits, and questionnaires using a variety of data sources and software.
- Ensure that white papers, the website and other advertising/marketing/publications are adequately sourced and include the appropriate disclosures.
- Check compliance forms, spreadsheets, performance data and financial illustrations for accuracy and detail.
- Provide and support a compliance training program.
- Ensure that client guidelines are programmed in and complied with by the portfolio management and trading teams.
Requirements
WHO WE’RE LOOKING FOR
- You have a Bachelor’s degree
- You have 5 - 10 years of Compliance experience required (will consider audit or similar operational experience in financial services); background in Institutional client lines preferred
- You have knowledge of SEC and related securities law, especially the Investment Advisers Act of 1940 and the Investment Company Act of 1940, including Rule 3a-4 Safe Harbor
- You have the ability to utilize existing knowledge or quickly acquire knowledge of ERISA/DOL and/or FINRA rules
- You have working knowledge of on-site compliance testing for SEC Rule 206(4)-7
- You demonstrate the ability to maintain confidentiality of sensitive information
- You have an understanding of marketing and sales material review guidelines, anti-money laundering regulations, and compliance risk management assessments for institutional and ERISA clients (the latter preferred, but not required)
- You have the ability to identify and analyze complex regulatory issues and their effect on the firm’s business.
- You demonstrate ability to work effectively with a wide variety of individuals throughout an organization, including senior management and investment professionals.
- You are intuitive, energetic, and self-motivated with a high bias for action
- You have excellent writing and research skills
- You have excellent organizational skills
- You have adequate computer skills including with respect to MS Office/Outlook, G-Suite and Excel
- You have AML experience (this is a plus)
Benefits
WHY YOU’LL LOVE IT
- Disrupt the financial advice industry by bringing affordable, easy to use financial