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Chief Compliance Officer

Company: Edelman Financial Engines
Location: Boston
Posted on: January 26, 2023

Job Description:

Chief Compliance Officer (Boston, MA)At Edelman Financial Engines, we believe everyone deserves to move their financial life forward. We know that assets have the power to fund goals. Those numbers represent individual lifetimes filled with hard work and dreams for our clients and generations to follow. Our clients trust us to guide them forward with empathy, integrity and invention. We uphold that same standard of respect and commitment for clients and colleagues alike. Founded on the idea that financial education is afundamental right for everyone, Edelman Financial Engines continues to grow and challenge the status quo. We're moving forward, together. If our purpose-driven commitment inspires you, we invite you to consider joining our team. As Chief Compliance Officer (CCO), reporting to the General Counsel, you will manage and be responsible for the investment advisory compliance program of an investment advisory firm registered with the SEC under the Investment Advisers Act of 1940 with more than $275B in AUM. The CCO will be a thoughtful, credible and savvy business partner across the organization as it responds to an ever-changing regulatory environment and continued growth. Candidates who have worked within the areas of retirement plans, retail advisory, and information technology will be given heightened consideration, as will candidates with regulatory experience (SEC, FINRA) and a law degree.In addition to an earnest desire to help people, we are looking for the ideal candidate to complement the team's existing talents. For this CCOrole, we are seeking a candidate with comprehensive industry knowledge and the ability to lead our Compliance function toward continued improvement. If you are an innovative thinker with the ability to lead a high performing Compliance Team, this may be an opportunity for you!Responsibilities:

  • Manage investment advisory compliance program in accordance with Investment Adviser Act of 1940.
  • Conduct, oversee and document periodic regulatory risk assessments to determine compliance risk.
  • Develop, test and maintain policies and procedures for applicable regulatory and compliance requirements.
  • Manage regulatory review and oversight of marketing communications and advisory services of the firm.
  • Ensure adequate disclosures for Form ADV and compliance with delivery requirements.
  • Develop, oversee and prepare annual compliance review and periodic reports to senior management and Board of Directors.
  • Work with senior management to develop and maintain controls to monitor effectiveness of compliance program and promptly address any noncompliance with laws, requirements, policies or procedures.
  • Evaluate new or enhanced services, processes and initiatives for compliance issues.
  • Institute and maintain an effective compliance communication program for the organization, including promoting heightened awareness of compliance requirements, understanding of new and existing compliance issues and related policies and procedures.
  • Prepare and review training materials and provide compliance training to new hires and continuing education for existing employees to keep current on the changing regulatory environment.
  • Prepare for and lead examinations or investigations conducted by SEC or other external parties.
  • Oversee regulatory filings and IAR registrations.
  • Participate in key SEC outreach programs and maintain current knowledge of investment advisory laws, regulations, enforcement actions and litigation, and regulatory guidance.
  • Champion our firm's compliance policies and risk management controls.
  • Supervise compliance team.
  • Special projects as requested.Critical Characteristics and Skills:
    • An exemplary standard of integrity, especially when under pressure.
    • Highly skilled at savvy, risk-informed, data-driven management of compliance and regulatory risk.
    • Ability to lead, supervise, and evolve a diverse and dispersed team of compliance professionals.
    • Inherent ability to know when to educate, advocate, or dictate compliance related requirements.
    • Superb cross-functional influencing skills.
    • Innovative thinking with the added ability to translate cutting edge ideas into efficient new business processes and tools.
    • Flexibility, open-mindedness and adaptability when working in a rapidly changing environment.
    • Problem-solving skills: able to analyze multiple options, identify and articulate consequences, and develop the best fact-based solution tailored to company's circumstances.
    • Proven ability to delegate responsibility and empower associates to make decisions and the ability to manage up and down in the organization effectively.
    • Able to influence others without direct authority and at all levels of the organization.
    • Polished interpersonal skills with the ability to work efficiently and diplomatically with both external customers and internal clients.
    • Ability to resolve conflict with a style that shows respect for multiple points of view.
    • Results oriented: fosters a culture that values customer service, innovation, and healthy competition in the marketplace.
    • Able to advocate new ideas, even when risk is involved.Requirements:
      • Significant experience in developing and implementing investment advisory compliance programs, systems and processes.
      • Ability to advocate and influence cross-functionally at all levels within an organization.
      • Detailed knowledge of the Investment Advisers Act of 1940, related rules and regulations, and compliance best practices.
      • Understanding of ERISA.
      • Outstanding analytical and organizational skills.
      • Experienced with use of technology to deliver investment advice and compliance testing.
      • Excellent subject matter and business judgment, superior leadership skills and delivery-oriented attitude.
      • Outstanding written and verbal communications and presentation skills.
      • Ability to interface directly and effectively with regulators.
      • Four-year college degree. JD or advanced degree preferred.
      • Minimum of 15 years investment management industry experience, with at least the last 5 in a senior compliance role, ideally as a CCO.About Edelman Financial EnginesSince 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors deserve access to personal, integrated financial planning and investment advice. Today, we are America's top independent financial planning and investment advisory firm, as recognized by Barron's,1 with 145+ offices2 across the country and entrusted by more than 1.3 million clients to manage $275 billion in assets.3Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client's situation and goals are unique, and the powerful fusion of high-tech and high-touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.For more information, visit - 2022 Edelman Financial Engines, LLC. Edelman Financial Engines - is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. See for patent information.For California residents, please see the link for the . California law requires that we provide you this notice about the collection and use of your personal information. Please read it carefully.Edelman Financial Engines encourages success based on our individual merits and abilities without regard to race, color, religion, creed, sex, gender identity or expression, sexual orientation, pregnancy; marital, domestic partner or civil union status; national origin, citizenship, ancestry, ethnic heritage, genetic information, age, legally recognized disability, military service or veteran status.1 The 2021 Top 100 Independent Advisory Firm Ranking issued by Barron's is qualitative and quantitative, including assets managed, revenue generated, regulatory record, staffing levels and diversity, technology spending and succession planning. Firms elect to participate but do not pay to be included in the ranking. Compensation is paid for use and distribution of the rating. Investor experience and returns are not considered.2 Firm stats as of Dec. 31, 2021.3 Firm stats as of March 31, 2022.

Keywords: Edelman Financial Engines, Boston , Chief Compliance Officer, Executive , Boston, Massachusetts

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