Compliance Officer

JOB SUMMARY 

Compliance Officer Broker-Dealer and Registered Investment Adviser firm reporting to  Chief Compliance Officer. Responsible for regulatory compliance functions including but  not limited to regulatory filings, policies and procedures development, business initiative  regulatory guidance, internal investigations, customer complaint resolutions, training,  and testing program.  

 DUTIES OF THE POSITION 

The duties of the position include, but are not limited to, the following:  

• Lead Customer Complaints investigation and resolution of Broker-Dealer (BD)  and registered investment adviser (RIA) 

• Update and filing of Forms ADV and brochures for RIA 

• Analysis and development of other disclosure forms for BD and RIA

• Revision/amendment of policies and procedures manual - WSPs, RIA manual,  AML manual as needed 

• Development of new policies and procedures as warranted by regulatory change,  implementation of new business/product/service line. 

• Training of Bci Securities and affiliate personnel on various subjects, identify  need for specific subject matter training 

• Regulatory change--keep abreast of regulatory changes to identify impact to firm and as needed, revise manuals, disclosures, and other relevant documents including participation in industry groups.

• Provision of guidance to firm in response to regulatory change or other matters

• Testing of WSPs and programs (e.g., Reg. BI, supervisory controls, etc.)

• Back-up for compliance team for escalations for Enhanced Due Diligence 

• Back-up for compliance team for escalations for review/approval of third party  transfers 

• Business initiatives—research regulatory/legal issues, draft requisite  documentation such as regulatory filings, WSPs, disclosures, other  documentation 

• Regulatory filings including Form ADV and regulatory brochures for RIA annually  and as needed for amendments, Materiality Consultations and Continuing  Membership Application for BD as needed. 

• Internal investigations and reviews regarding processes 

• Review of internal and third-party agreements/contracts 

• Review of systems and operational support initiatives (e.g., combined account  opening form) 

• Participation in compliance committee and other committee meetings as invited as regulatory subject matter expert. 

• Participate in corporate level matters to identify potential legal/regulatory issues

• Assist in collection/compilation of documents and information for regulatory  examinations from FINRA and SEC as well as internal and external audits

• Assist the CCO and CEO with any other issues that may arise 

• Ability to understand, speak, read and write English and Spanish (proficient)

• Effectively speaking before groups of customers or employees  

• Assume evolving duties and responsibilities of position  

• Work all hours required to fulfill job duties and responsibilities (including, weekends, evenings and holidays as needed)  

• Travel as required  

•  Provide coverage for other positions as requested  

• Ability to carry and lift boxes and objects that may weigh between 10 and 25  pounds. 

• Perform additional duties and responsibilities as assigned by management  

COMPLIANCE RESPONSIBILITIES 

In the performance of their duties, all Bci Securities staff members are required to comply  all state and federal regulatory and legal requirements, including the Bank Secrecy Act,  the Federal Election Campaign Act of 1979, the Foreign Corrupt Practices Act, and the  Bank Bribery Amendments Act and applicable Securities Regulations. Additionally, all  staff members must comply with in the Bci Personnel Manual and Code of Ethics and  other policies of Bci Securities which are either currently in place or which may become  effective during the staff member’s employment.  

PRE-HIRE REQUIREMENTS FOR THIS POSITION:

COMPUTER: 

Ability to operate IBM compatible personal computers; fluency with Microsoft Word,  Microsoft Excel, Microsoft PowerPoint and securities surveillance tools for due diligence  screening and email monitoring as needed. 

EDUCATION: 

Bachelor’s Degree and advanced degree preferred related to English, business, finance  and/or legal. 

CERTIFICATIONS/LICENSES: 

Certification in Anti-Money Laundering or comparable work experience. Compliance Officer License preferred. 

EXPERIENCE:  

Minimum seven years of experience in the Securities Industry with in- depth understanding of  regulatory requirements of Broker-Dealers and Registered Investment Adviser.  Experience working with regulatory agencies and legal teams.

Bci Securities is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.