Compliance Officer
Broker-Dealer & Registered Investment Adviser (RIA)
About Midwestern Securities
Midwestern Securities Trading Company is an independent Broker-Dealer and Registered Investment Adviser (RIA) dedicated to helping community-focused financial institutions grow non-interest income and strengthen client relationships through turnkey investment services programs. Our culture is built on integrity, accountability, collaboration, and a commitment to doing what is right for our clients, advisors, and institutional partners.
As we continue to grow, we are seeking a highly motivated Compliance Officer who will play a critical role in supporting and enhancing our compliance program while serving as a trusted resource to financial professionals, business leaders, and regulatory stakeholders.
Position Summary
The Compliance Officer is responsible for supporting, administering, and enhancing the firm's compliance program for its Broker-Dealer and Registered Investment Adviser operations. This position works independently and collaboratively across the organization to identify compliance risks, monitor regulatory developments, conduct reviews and testing activities, support regulatory examinations, oversee corrective actions, and promote a culture of ethics and regulatory excellence.
The successful candidate will serve as a trusted compliance partner to advisors and internal business teams while helping ensure compliance with applicable SEC, FINRA, state securities, insurance, anti-money laundering, privacy, and company requirements. This position offers significant opportunities for professional growth and advancement within the organization.
Reports to: Chief Compliance Officer
Location: In Office with occasional travel requirements. Remote status consideration for candidates located more than 1 hour from the East Peoria, IL office location.
Key Responsibilities
Compliance Program Administration
- Assist in the development, implementation, maintenance, and continuous improvement of the firm's compliance program.
- Monitor regulatory developments and support implementation of changes resulting from SEC, FINRA, state, and insurance regulatory requirements.
- Maintain and update compliance policies, procedures, supervisory controls, and related documentation.
- Support annual compliance risk assessments and compliance program reviews.
Regulatory Oversight & Examinations
- Prepare for and assist with SEC, FINRA, state regulatory, insurance, and independent audits and examinations.
- Coordinate requests for information and documentation from regulators and external auditors.
- Track examination findings and oversee remediation efforts through completion.
- Develop and monitor corrective action plans to address compliance deficiencies.
Monitoring, Testing & Surveillance
- Conduct compliance reviews, monitoring activities, and testing designed to identify potential regulatory risks.
- Assist with branch office inspections and supervisory reviews.
- Review advertising, correspondence, and other communications for regulatory compliance, as applicable.
- Analyze trends, exceptions, and emerging risks and recommend corrective actions.
Advisor & Business Partner Support
- Serve as a compliance resource for financial advisors, branch personnel, and home office staff.
- Respond to compliance-related inquiries and provide guidance regarding regulatory obligations and firm policies.
- Collaborate with business units to identify practical solutions that balance regulatory requirements and business objectives.
Investigations & Risk Management
- Investigate potential compliance concerns and document findings, recommendations, and remediation plans.
- Escalate significant issues to leadership, as appropriate.
- Support ongoing efforts to identify, assess, and mitigate compliance risks.
- Assist with management of conflicts of interest and Code of Conduct matters.
Training & Education
- Support development and delivery of compliance training programs.
- Promote awareness of regulatory requirements and ethical business practices throughout the organization.
- Maintain current knowledge of industry regulations, compliance trends, and best practices.
Special Projects
- Lead or participate in strategic initiatives and cross-functional projects.
- Support compliance technology enhancements and process improvement initiatives.
- Perform additional responsibilities as assigned.
Required Qualifications
Bachelor's degree in:
- Finance
- Accounting
- Business Administration
- Economics
- Risk Management
- Compliance
- Law
- Related field
Experience
- Minimum of 3 years of experience in broker-dealer, investment adviser, banking, compliance, internal audit, risk management, or regulatory environments.
- Experience working with SEC and FINRA regulations preferred.
- Experience supporting regulatory examinations, audits, or compliance programs preferred.
Licenses & Registrations
Required:
- FINRA Series 7
- FINRA Series 65 or Series 66
Preferred:
- FINRA Series 24
- FINRA Series 53
- Resident Insurance Producer License
Regulatory Knowledge
- Understanding of SEC, FINRA, state securities, and insurance regulations.
- Knowledge of supervisory controls, compliance monitoring, and regulatory expectations.
Risk & Analytical Skills
- Strong critical thinking and problem-solving abilities.
- Ability to identify, evaluate, and mitigate compliance risks.
- Experience analyzing information and making sound, risk-based decisions.
Communication & Relationship Management
- Excellent written and verbal communication skills.
- Ability to communicate effectively with advisors, regulators, auditors, and senior management.
- Strong interpersonal skills with a customer-service mindset.
Technology & Data Analytics
- Advanced Microsoft Office proficiency, including Excel, Word, Outlook, and PowerPoint.
- Experience with compliance management systems, workflow tools, reporting platforms, or regulatory technology solutions preferred.
- Experience utilizing data analytics and reporting tools to monitor trends and compliance metrics is a plus.
Organizational Effectiveness
- Exceptional attention to detail.
- Strong project management capabilities.
- Ability to manage multiple priorities in a fast-paced environment.
- Ability to maintain confidentiality and exercise sound judgment.
Language Skills
- English/Bilingual preferred.
Professional Reference Requirement:
· Candidate must provide two professional references from previous supervisors. References will be contacted only in the final stages of the hiring process.
Why Join Midwestern Securities?
We offer a collaborative environment where compliance professionals are viewed as strategic business partners. Team members receive meaningful opportunities to expand their expertise, contribute to organizational growth, and advance their careers within a respected independent Broker-Dealer and Registered Investment Adviser platform.
Compensation & Benefits
Midwestern Securities offers a competitive compensation package including:
Salary: $60,000-$90,000 annually
· Eligibility for salary increases with quarterly and annual bonuses
- 401(k) with company match
- Medical insurance
- Dental insurance
- Vision insurance
- Health Savings Account (HSA)
- Life insurance
- Paid time off
- Professional development assistance
- Continuing education support
- Industry licensing and certification support
*Final offer amounts are determined by multiple factors including candidate location, experience and expertise.
Work Environment
This position operates primarily in a professional office environment and requires the regular use of standard business technology and office equipment. The role is primarily sedentary and may require occasional travel for branch inspections, audits, training, conferences, or business meetings.
No VisaSponsorship. Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Job Type: Full-time
Pay: $60,000.00 - $90,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Vision insurance
Experience:
- Microsoft Powerpoint: 1 year (Preferred)
License/Certification:
- FINRA Series 7 or Series 65 (Required)
Work Location: In person
