Director of Compliance, Wealth Services, and Retirement Plan Services
Alera Group was formed in 2016 by the merging of 24 high-performing insurance brokerage firms across the United States, and since has grown to 70 plus member firms. Headquartered in Deerfield, Illinois, Alera specializes in employee benefits, property and casualty, risk management and wealth management solutions and is the 14th largest independent insurance agency in the United States.
Alera is looking for a highly motivated and skilled Director of Compliance, Wealth Services, and Retirement Plan Services to join our team!Responsibilities
The role of the Director of Compliance (Director) is to work with the Chief Compliance Officer (CCO) to shape and reinforce a culture of compliance in support of the mission and values of Alera Group and its network of Investment Adviser Representatives and Registered Representatives registered with their respective Investment Advisors and Broker Dealers (collectively, the Firm). As a leader within the Firm, the individual will participate in both strategic and tactical planning for the department. The Director will coordinate with the CCO and our compliance team regarding the analysis of relevant laws and regulations, FINRA, SEC and other industry positions and court decisions pertaining to both our RIA and B/D businesses.
- Provide leadership and guidance to all staff within the Firm in a way that will promote efficiency and teamwork, while balancing business concerns and regulatory requirements.
- Work with the CCO to enhance the compliance program and ensure there is appropriate level of compliance-related oversight of the day-to-day operational, sales, and marketing activities of the RIA and B/D businesses.
- Engage with third-party firm(s) performing any policies and procedure reviews, audits, and exams.
- Participate in, and respond to, various SEC and FINRA examinations and state insurance department inquiries.
Operations and Communication
- Work with management and operations to develop, update, maintain and monitor policies and procedures to ensure the Firm complies with applicable laws and regulatory guidance including but not limited to SEC, FINRA, federal and state regulations, the Advisers Act and other statutes, pronouncements and guidance, as applicable.
- Develop and lead employee training sessions on internal compliance policies and regulatory compliance issues.
- Assist with preparation of Form ADV (annually and for each required update).
- Conduct due diligence on acquisition targets and report to senior leadership on findings. Provide guidance including resourcing needs for various RIA/BD business structures. Oversee operations staff in ensuring compliance during integration activities.
- Complete annual risk assessment and develop monitoring and testing program with the CCO. Execute monitoring and testing activities in conjunction with the plan.
- Promote a risk-conscious environment while working with line management to achieve business goals, and prevent, detect, and respond to violations of rules, regulations, or procedures.
- Conduct annual advisor interviews and onsite branch audits.
The candidate should have experience working in a collaborative, multi-entity compliance department, including maintaining policies and procedures; overseeing compliance risk assessment processes; implementing compliance training programs; and monitoring and remediating potential violations of policy or law.
- An undergraduate degree and a minimum of 7 years of relevant experience, including at least some managerial experience.
- Investment advisory and broker dealer compliance experience, including thorough knowledge of the industry, from a product, corporate governance, compliance, and administrative perspective.
- Experience in multiple areas of regulatory compliance and risks related to the rules and regulations of the SEC, FINRA, and other federal, state, and local regulations and laws for broker dealer, investment advisory, insurance, and wealth management.
- Knowledgeable in regulatory examination procedures used to evaluate compliance-related federal / state laws and regulations, including experience in coordinating exams, handing inquiries and audits, and preparing responses.
- Strong problem-solving skills and the ability to confront conflict and difficult issues in a professional, assertive, and proactive manner.
- Excellent organizational and project management skills demonstrating the ability to meet deadlines, prioritize, multi-task, and maintain flexibility.
- Proficiency in essential computer applications (MS Outlook, MS Word, MS Excel, MS PowerPoint) used to communicate ideas, concepts and detail in a professional business environment, and other legal and compliance technology tools.
- FINRA Series 7, 24, 66 registrations required within 180 days of hire.
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
If you're a California resident, please read the California Consumer Privacy Act prior to applying.
Plea#PIQBDAseOptions Apply for this job onlineApplyShareEmail this job to a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed