The Deputy Chief Compliance Officer, Broker Dealers is responsible for supporting our Cetera Investment Services broker dealer and overseeing shared service functions performed on behalf of all Cetera broker dealers by the BD Compliance team. In this role, you will directly support both the Financial Institutions and Cetera Investors channels by providing guidance and support to our financial professionals, partnering with Supervision to identify and mitigate risks, and working with our shared service Compliance functions on escalated matters.
What You'll Do:
Manage day-to-day activities of the Broker Dealer Compliance team, including responding to Compliance inquiries from the field, pre-hire onboarding reviews, reviewing escalated items from Supervision, Surveillance, Branch Exams, etc., and disciplinary matters
Coordinate policy and procedures updates with other Deputy CCOs, Supervision, and Compliance Shared Services to ensure that broker-dealer compliance programs meet applicable laws and regulations and ensure policy and procedure consistency, in general, across the Cetera firms.
Ensure that the business model for financial professionals in the Financial Institutions and Cetera Investors channels are considered when discussing new policies and procedures, projects, and implementation dates.
Participate in testing and risk monitoring programs, including testing performed under FINRA Rule 3120, and assist in the development of remediation plans to address any findings in accordance with regulatory expectations and best practices.
Provide recommendations to the business regarding the implementation of new rules and regulations.
Work with senior management, legal department, human resources, Regional Growth Team, Registered Representatives and other key constituencies to encourage, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations.
Be a subject matter expert when dealing directly with advisors on a variety of compliance, regulatory and business/industry topics.
Partner effectively with financial advisors along with internal departments such as Operations, Information Technology, Finance, Supervision and Business Department to advance initiatives.
What You Need to Have:
- Bachelor’s degree (preferrable)
- Minimum 8 years of experience in a Broker Dealer Compliance or Supervision role
- Broad exposure to key functional areas of sales practice oversight, risk mitigation, recruiting, and retention
- FINRA Series 7, 24
- Familiarity of the broker-dealer business from a product, corporate governance, compliance and administrative perspective
Knowledge of FINRA and SEC rules and regulations, interpretive guidance and industry best practices
Ability to identify and assess risk, and recommend controls, or other measures, to eliminate or mitigate the risk
Ability to interpret and communicate regulatory guidance
- Ability to review and analyze cases from a practical, policy and regulatory framework
- Ability to identify solutions to problems when there is a disagreement between parties
- Ability to interact with members of senior management and a highly entrepreneurial and independent minded sales force
- Excellent written and verbal communication
- Good analytical skills and attention to detail
- Knowledge and ability to use MS office including Excel, Word, PowerPoint, and Salesforce (preferrable)
- Ability to work well under pressure and under tight deadlines
Ability to grow, coach and mentor compliance team
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What's Nice to Have:
- Advanced degree
- Experience working in a shared services environment
Management experience, especially in a hybrid or multiple office environment
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Travel Requirements: Travel up to 15%
Compensation:
The base salary range for this role in Dallas, TX is $161,000-$200,000, plus a competitive performance-based bonus. Base salary depends on a wide array of factors, including but not limited to skill set, years and depth of experience, certifications, and location. Salary range may also differ significantly due to geography and cost of labor considerations.
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About Us
What we give you in return:
Not many teams can say that they support people’s dreams coming to life. We happen to do that every day. And as important as we know your career is, we recognize that there’s a whole lot more to life. To ensure that our employees can make the most of their time outside of working hours, we offer a competitive salary and for full-time roles, a benefits package including:
- Inclusive health, dental, vision, and life insurance plans built to support diverse lifestyles, offer preventative care, and protect against hardship.
- Easy access to mental health benefits to meet our team members and their families where they are.
- 20+ days of paid time off (PTO), paid holidays, and 2 paid wellness days to give our employees the time they need to stay close with their loved ones, recharge, and give back to their communities.
- 401(k) savings plan with a generous company contribution (up to 5%), and access to a financial professional to offer our employees the opportunity to plan-ahead for a strong financial future well beyond their working years.
- Paid parental leave to support all team members with birth, adoption, and fostering.
- Health Savings and Flexible Spending Account options to help you save money on healthcare, daycare, commuting, and more.
- Employee Assistance Program (EAP), LifeLock, Pet Insurance and more.
- Paid caregiver leave to provide time away from work when caring for an ill or recovering family member.
- Additional benefits such as an Employee Assistance Program (EAP), identity theft protection (LifeLock), pet insurance, and other voluntary benefits to provide extra peace of mind
About Cetera
Cetera Financial Group ® (Cetera) is a leading network of independent retail broker-dealers and registered investment advisers empowering the delivery of objective financial advice to individuals, families, and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is one of the largest independent financial advisor networks in the nation and a leading provider of retail services to the investment programs of banks and credit unions.
Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support, and innovative technology.
Cetera Financial Group (Cetera) is a network of independent retail firms, including those that are members of FINRA/SIPC: Cetera Advisors LLC; Cetera Wealth Services, LLC (formerly known as Cetera Advisor Networks); Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors); and Cetera Financial Specialists LLC. Entities registered as investment advisers with the Securities and Exchange Commission include Cetera Investment Management LLC and Cetera Investment Advisers LLC. Cetera's principal office is located at 655 W. Broadway, 11th Floor, San Diego, CA 92101. Avantax Planning Partners, Inc. is an SEC registered investment adviser within the Aretec Group, Inc. (dba Cetera Holdings, an affiliate of Cetera). All the referenced entities are under common ownership.
Cetera Financial Group is committed to providing an equal employment opportunity for all applicants and employees. For us, this is the only acceptable way to do business. Accordingly, all employment decisions at Cetera Financial Group, including those relating to hiring, promotion, transfers, benefits, compensation, and placement, will be made without regard to race, color, ancestry, national origin, citizenship, age, physical and/or mental disability, medical condition, pregnancy, genetic characteristics, religion, religious dress and/or grooming, gender, gender identity, gender expression, sexual orientation, marital status, U.S. military status, political affiliation, or any other class protected by state and/or federal law.
Agencies please note : this recruitment assignment is being managed directly by Cetera’s Talent Acquisition team. We will reach out to our preferred agency partners in the rare instance we require additional talent options. Your respect for this process is appreciated.
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