What are the responsibilities and job description for the Chief Compliance Officer position at Mid-American Wealth?
Chief Compliance Officer Job Description
Mid-American Wealth Advisory Group is seeking a motivated and detail-oriented Chief Compliance Officer to join our team. The CCO will play a key role in leading the organization's compliance function to ensure full adherence to regulatory requirements, industry standards, and internal policies. This role is central to identifying and mitigating risk, managing regulatory obligations, overseeing internal compliance procedures, and ensuring accurate documentation and reporting. The CCO will also oversee employee licensing and E&O insurance, while maintaining a strong culture of compliance across the organization.
Responsibilities
- Regulatory Compliance: Ensure the organization maintains 100% compliance with all applicable laws, regulations, and standards. Monitor evolving regulatory requirements and implement necessary changes in policies and procedures.
- Risk Management: Proactively identify compliance risks and implement mitigation strategies. Develop and maintain a comprehensive compliance risk management framework.
- Audits & Risk Assessments: Conduct and oversee quarterly audits and bi-annual risk assessments. Analyze audit findings and implement corrective action plans as necessary.
- Compliance Procedures: Develop, implement, and regularly update compliance-related policies and procedures.
- Licensing & Insurance Oversight: Manage and verify all employee licensing requirements, ensuring a 100% compliance rate. Ensure errors and omissions (E&O) insurance requirements are fulfilled and maintained. Address licensing issues within 10 days of identification.
- Reporting & Documentation: Adhere to all regulatory and compliance requirements in all client interactions and documentation. Ensure all reports meet internal and external deadlines with 100% accuracy and completeness.
Qualifications:
- Bachelor’s degree in Law, Business, Finance, or related field and or minimum 5 years of compliance experience
- Proven experience in regulatory compliance within financial services
- Strong communication and leadership skills