DESCRIPTION
Dinsmore Compliance Services, LLC is currently seeking a highly focused and experienced candidate for our high touch and high energy chief compliance officer (CCO) position to work directly with our financial services clients. This position will lead the engagement with assigned clients while forming deep relationships—with the CCO effectively becoming a key member of the client’s team.
The chief compliance officer provides primary oversight and insights to our investment adviser, municipal adviser, and/or broker-dealer clients. Responsibilities include administering and maintaining Rule 206(4)-7 compliance policies and procedures and execution of a continuous compliance calendar pursuant to the Rule and DCS’s overall compliance program. The chief compliance officer is responsible for ensuring that all compliance reporting complies with regulatory requirements and client policies. The CCO will provide leadership and supervisory oversight in the areas of compliance and risk management according to the client’s business model and operations, as well as the regulatory environment to which they are subject.
RESPONSIBILITIES
- Facilitate and enforce all facets of the compliance program to protect the client from legal and regulatory risk
- Provide strategic direction for compliance in support of client business operations, initiatives, and goals
- Review and maintain client firm compliance policies and written procedures in response to changing regulations and financial industry trends
- Manage and respond to all regulatory inquiries, also act as client liaison with regulators
- Participate in and manage for the client:
- Annual compliance reviews & training
- Regulatory filings and form updates
- Regulatory audits/exams
- Internal audits and branch office inspections
- Compliance committees
- Vendor Due Diligence
- Support the review of advertising material, sales literature and correspondence
- Consult with client sales, marketing, operations and other departments on compliance matters, supervision and risk management
- Communicate regulatory changes and trends with the client’s management team and their employees, representatives, etc.
- Perform and/or oversee periodic testing of written policies and procedures to determine ongoing compliance
- Perform trading and best execution reviews; monitor/review personnel trading for conflicts of interest
REQUIREMENTS
- Ability to oversee and carry out the implementation and on-going execution and enhancement of a full-scale compliance program
- Ability to work independently in a high demand/high productivity environment
- Work efficiently with high attention to detail and the ability to multi-task
- Carry a high level of team orientation; possess strong interpersonal communication skills and a passion to help team members and clients
- Demonstrate integrity—maintain client trust, confidentiality and code of ethics
- Strong verbal and written communication skills
- Dependable, accountable, adaptable, and flexible
- Ability to enthusiastically support and promote the goals of our firm and its clients
EDUCATION AND EXPERIENCE
- Bachelor’s degree (B.A.) or equivalent from four-year College or University
- 5-7 years or more experience in financial industry compliance and/or operations; Preferably in a manager, officer or director role
- Experience with the current and proposed financial regulatory environment (SEC, FINRA, DOL/ERISA, CFTC)
- Knowledge of Securities Act of ‘33, Investment Advisers Act of ‘40, Investment Company Act of ‘40 and related federal and state regulations
- Experience with financial industry regulatory requirements, forms & systems required; Regulatory audit/exam experience preferred
- Specific knowledge of rules and exemptions governing hedge funds, private equity funds, ’40 Act Funds and commodity pools helpful
- Familiarity with GIPS and other industry standards are a plus
ABOUT THE COMPANY
Dinsmore Compliance Services, LLC (“DCS”) is a growing provider of outsource compliance services and solutions to investment advisers, municipal advisers, hedge funds, and broker-dealers. We offer full chief compliance officer (CCO) services, consulting, assessments, and financial operations (FINOPs) consulting, through an experienced and close knit team of professionals. We offer competitive compensation, health benefits, and a 401(k) retirement plan. DCS is an affiliate of the national, full-service law firm Dinsmore & Shohl LLP.