Chief Compliance Officer
Calton & Associates
Location: Tampa, FL
Calton & Associates is a one of the nation’s long standing independent broker dealers, RIA and insurance Agencies servicing independent financial advisors. Founded in 1987, Calton & Associates has built a solid foundation for supporting independent financial advisors and the growth of their business. Through a comprehensive range of financial products and services, Calton & Associates helps advisors pursue the appropriate financial solutions to support a clients’ needs. With over 135 offices nationwide Calton & Associates is a family friendly broker dealer for quality advisors who want independence along with support to grow their business.
Job Description
Calton & Associates is looking for a highly motivated and experienced Chief Compliance Officer (“CCO”) to lead and manage the broker dealer, RIA and insurance agency compliance functions and staff from the current CCO who will be retiring as CCO likely at the end of 2022. The CCO will be a member of the senior management team.
The CCO will be responsible for ensuring that the firm is in compliance with SEC, FINRA and state securities and insurance rules and regulations. The CCO will be responsible for developing, implementing, communicating, and reviewing corporate policies, procedures, trends and systems designed to enable the broker dealer and RIA to effectively manage risk. The CCO will be responsible for ensuring that Calton’s reporting complies with regulatory requirements and the firm’s policies and supervisory procedures.
Qualified candidates will have 10 or more years of direct experience managing the compliance department functions preferably for a dual registrant independent broker dealer and RIA. The CCO must have a thorough knowledge of SEC Exchange Acts, Investment Advisers Act and FINRA broker dealer rules and regulations and how to implement them across a diverse group of independent financial professionals. Understanding Regulation Best Interest and ERISA rules and regulations and how they relate to the broker dealer and RIA compliance are essential.
Responsibilities
• Formulate and communicate a strategic vision for compliance within the broker‐dealer and RIA which effectively manages and mitigates risk, establishes proper controls, supports business initiatives and protects the firm from legal and regulatory risk.
• Provide strategic direction for the Compliance department including employee selection, performance management, and development.
• Review and maintain firm compliance policies including the WSPs in response to changing regulations and financial industry trends. Additionally, identify and monitor internal and external trends and rules and regulations changes and assess their impact on the organization.
• Implement and manage an effective branch office and register representative inspection program.
• Manage the review and approval process of advertising material, sales literature and correspondence for financial professionals.
• Create, manage and deliver annual compliance meetings and other training.
• Manage and respond to all regulatory inquiries, also act as company liaison with regulators
• Consult with Calton sales, marketing, RIA, operations and other departments on compliance, supervision, management, and complaint issues
• Research regulations and communicate any findings with the senior management team, financial professionals and their office staff, and internal employees.
• Prepare annual reports for CEO and senior team
• Prepare and present compliance updates at all Calton Board of Director and shareholder meetings
• Maintain and update Form BD and ADVs
Qualifications
• Four year college degree
o Masters or JD degree a plus
• FINRA Licenses
o Series 7
o Series 24
o Series 63
o Series 65 or 66
• Knowledge of computer skills including:
o Microsoft Word
o Microsoft Excel
o Microsoft PowerPoint
• Exceptional verbal and written communication skills
• Strong attention to detail
• Highly organized
• Ability to multi-task efficiently and effectively
• Vast knowledge of the financial services industry
Compensation and Benefits
• Base Salary
• Annual Bonus
• Company Profit Sharing Plan Bonus
• Company 401(k) and Matching Program
• Medical Coverage
• Dental Coverage
• Life Insurance Coverage
Send resume to lcalton@calton.com.