Compliance Specialist

Position Summary:

The primary responsibility of the position is to assist CNL Securities Compliance in the effective administration of compliance oversight of securities activities to ensure compliant processes of associated persons as mandated by FINRA, SEC, and state regulatory entities.  The Compliance Specialist will assist the CCO and the Compliance and Legal team with various aspects of administrative activities, reporting, testing, and become familiar with firm activities and processes.  This role will primarily assist the CCO on specific compliance administration tasks and special projects with an expectation to become the owner of multiple initiatives over a short period of time.  Areas of focus include the responsibilities itemized below and will include other areas or projects as identified.

Responsibilities:

• Work to understand firm procedures and written supervisory procedures (WSPs) to a level sufficient to understand securities industry standards and effective oversight processes utilized by supervising principals; work to understand and become versed in the process of regulatory change appropriate to CSC


• Support CCO with Supervisory Control Program including components of testing, verification and assessment of Firm’s written supervisory policies and procedures, including identifying internal control effectiveness; understanding the Firm’s supervisory system; written reporting to CCO and Compliance and Legal team, as needed or requested


• Learn to identify policy and procedure inconsistencies derived from testing, monitoring or general operating exceptions in sales environment; escalate issues as necessary and follow through on any implemented reporting or remediation plans on behalf of the compliance program


• File, maintain and update firm and registered representatives’ registrations, licensing and regulatory filings as directed by the CCO


• Review and maintain registered representatives’ and associated persons’ brokerage account submissions and attestations through the Firm’s compliance platform


• Assist CCO with branch, home office and other audits, as requested, including audit program preparation, reporting and evaluation of registered rep compliance with Firm and securities industry rules and regulations


• Operate in a manner of open communication and teamwork


• Perform surveillance and monitoring of associated persons email and social media activities as assigned and under the direction of the CCO, identifying deviations from firm policies and procedures or industry regulation; ensure follow up as directed assisting the CCO to resolution or conclusion; ensure proper documentation is retained in Firm’s files


• Support the firm in its accommodation accounts review and testing; to ensure the firm is complying with securities industry rules and regulations


• Administrative assistance in maintenance of books and records and compliance documentation at industry standards


• Assist the CCO with administrative functions of the Firm Element CE Administration, including annual Needs Assessment, program evaluation, course assignment, performance monitoring and reporting


• Assist the AMLCO with AML program administrative tasks, reporting, recordkeeping and testing as necessary


• Assist the CCO with Business Continuity Plan administration, including administrative review and testing, and updating as directed


• Assist in drafting or developing procedural documentation evidencing various service groups and processes as related to CSC

Competencies:

• Strong organizational skills


• High attention to detail; process oriented


• Ability to self-prioritize; demonstrates initiative


• Knowledgeable as to auditing protocols and testing processes


• Ability to identify risks, recommend solutions, prioritize, and document protocol


• Knowledgeable as to securities regulation a plus


• Knowledge of FINRA and SEC regulations and compliance industry best practices a plus


• Strong verbal and written communication skills


• Strong interpersonal skills; works well independently and in a team environment.


• High value on integrity; professional demeanor; ability to treat sensitive matter with discretion


• Positive attitude and team player


• Ability to work well under pressure


• Results oriented


• Strives to learn and keep familiar with changing regulations and environments


• Able to adapt to regular changes in rules or procedures


• Intellectually curious, enjoys doing research

 Education/Experience:

• 3+ years broker/dealer or equivalent securities industry experience preferred


• BS degree preferred


• FINRA Series 7, and 63 or 66 registrations a plus; registrations will be required to advance within the role


• Series 24 registration a plus; registrations will be required to advance within the role

Work Schedule:

• 40-hour week


• Salaried, exempt

Travel:

• None