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Chief Compliance Officer

Location:Newton, MA
Level:Full Time
Category: Compliance/Risk Management

Description

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 7 million Americans save for the future. In 2017, we were named to Inc. 5000 list of fastest-growing private companies in America. This growth has created many new career opportunities including a Chief Compliance Officer position to be located in either Newton, MA or Dresher, PA.

Reporting to Head of Legal, Risk and Compliance, selected candidate will possess proven leadership skills and extensive compliance experience to oversee our operating businesses, broker-dealers, registered investment advisors and transfer agents.  This includes developing and executing department vision and priorities, while leading a team to ensure that operating businesses comply with laws, regulations, policies and procedures.

Responsibilities:

General

  • Act as CCO at the corporate level, across multiple business lines, including retirement plans, 529 College Savings Plans, health plans and other government sponsored savings plans
  • Serve as CCO of broker-dealers, registered investment advisor and transfer agent
  • Advise senior management and business units on regulatory initiatives
  • Provide guidance and training to operating business units
  • Act as liaison with regulators including FINRA, SEC and MSRB
  • Handle regulatory exams and audits
  • Serve as spokesperson for Ascensus on compliance issues, including client due diligence visits

Policies, Procedures & Controls

  • Draft and maintain policies and procedures to fulfill the applicable compliance requirements of each regulated entity and business unit
  • Draft and maintain relevant corporate-wide compliance policies and procedures
  • Coordinate with internal operational groups to implement any needed compliance changes
  • Handle all required filings and notices, including MSRB G42 and G45, Form BD, and Form ADV

Anti-Money Laundering/Customer Information Program

  • Administer AML/CIP/CID/SAR policies and filings, including transaction monitoring and FinCEN and OFAC searches
  • Collaborate with risk management on privacy, identity theft and fraud incidents

Advertising and Marketing Compliance

  • Oversee review and required filings of all advertising and marketing communications

Licensing, Continuing Education & Training

  • Oversee licensing and continuing education requirements for FINRA registered representatives including Forms U4 and U5, email review, compliance meeting monitoring and attestations
  • Create, manage, and deliver annual compliance trainings, including firm, regulatory and AML

Investment Advisor Oversight                                                                                         

  • Oversee investment advisor compliance program for mutual funds, exchange traded funds, separately managed accounts, municipal securities and other investment products
  • Conduct initial and ongoing due diligence of investment managers and collaborate with investment personnel to ensure compliance with the investment directives of Ascensus’s clients
  • Assist with the review and drafting of relevant program disclosure documents

Other

  • Work closely with the legal and risk management departments
  • Support other compliance activities including responses to RFPs
  • Evaluate compliance needs and requirements of acquired companies and ensure corporate standards are applied consistently across all divisions and locations
  • Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
  • Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.

Requirements:

  • BS required; advanced degree preferred
  • 15 + years of broker-dealer and investment advisor compliance experience
  • Transfer agent compliance and/or operations experience preferred
  • Expert knowledge of securities, investments, investment products, markets, and their rules and regulations
  • Must have the following Securities Licenses or be willing to obtain them within 6 months
  • Series 7 – General Securities Representative;
  • Series 24 – General Securities Principal; and
  • Series 51 – Municipal Fund Securities Limited Principal; or
  • Series 53 – Municipal Securities Principal
  • Certification required: Certified Regulatory Compliance Manager (CRCM); other risk-related certifications desirable (CIA, CRP, CFE or CAMS)
  • Strong negotiation, influencing, and relationship management skills
  • Action-oriented; able to drive change and achieve results
  • Strong managerial and leadership skills
  • Effectiveness presenting to executive management, board of directors and regulators
  • Strong business acumen
  • Exceptional problem solving, decision making and analytical skills
  • Excellent written and verbal communication skills
  • Ability to travel


Ascensus is a place to have a career, not just a job. As the largest US independent retirement and college savings services provider, we put our focus on people.  Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity. When you join our team, you get to go to work every day knowing that you help over 6 million Americans save for retirement and college.

 

Ascensus is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law. Ascensus also takes affirmative action to employ, and advance in employment, qualified women, minorities, and covered veterans. Ascensus also makes reasonable accommodations for qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state laws

 

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What makes any career at Ascensus so rewarding?

  • Collaborative, idea-sharing environment
  • Professional development
    • In-house training
    • Tuition reimbursement
  • Generous reward programs
  • Paid time off (additional purchase plan)
  • Medical, dental & vision benefits
  • Health savings account (employer contribution up to $1,100)
  • 401(k) & 529 match programs
  • Volunteer/charitable-giving programs
  • Business casual dress
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