Compliance Advisor BD
Lincoln Investment
Location: Fort Washington, PA or Remote
The Compliance Advisor – BD will assist with compliance functions relating to the broker-dealer business of the firm. This person will need to have or gain primary knowledge of FINRA rules and regulations, the Securities Act of 1933 and the Securities Exchange Act of 1934 and work with the Director of Compliance to ensure ongoing compliance with broker-dealer related rules, regulations and the firm’s policies and procedures. As a Compliance Advisor-BD, the role will also involve working with Designated Supervisors, Financial Advisors, Branch administrative staff, back office staff and outside vendors to provide compliance assistance and guidance, as necessary.
General Responsibilities:
Assist in gathering data to meet FINRA, SEC, MSRB, NFA and/or state regulatory audit and inquiry requests. This includes working directly with IT, Operations, Supervision and other departments at the firm as well as conducting email searches using the firm’s third party vendor software.
Assist in the development and distribution of communications to the field and Designated Supervisors, including Compliance Memorandums for Designated Supervisors and Financial Advisors, and Advisor Week articles and reminders.
Review and analyze changes to FINRA, SEC and other regulator's rules, regulations and policies to determine the impact on the firm’s policies and procedures, and suggest modifications to same.
Review and accept/decline Outside Business Activity disclosures that have been reviewed at the Designated Supervisor level. Route accepted OBA information to FINRA Gateway using third-party vendor’s software tool. Also notify Designated Supervisors of overdue disclosures requiring review. Work with the Supervision team to issue letters of reprimand to those individuals who are not filing notices in accordance with the firm's policies and procedures.
Assist in evaluating the adequacy of the firm’s Annual Compliance Questionnaire and update annually as needed.
Deliver to Financial Advisors the firm’s Annual Compliance Questionnaire and Outside Business Activity attestation annually through the firm’s third-party vendor system. Upload current field hierarchy information to the vendor on a bi-weekly basis.
Review and approve/disapprove requests from Financial Advisors to participate in a Private Securities Transaction.
Renew various corporate entities as a Foreign LLC by making on-line or paper filings in various states.
Reconcile charges to corporate credit card for the renewal fees and other Compliance charges on a monthly basis.
Assist in the compilation of appropriate disclosures for the firm’s annual disclosure mailing and annual update to the firm’s Investor Agreement and Disclosure Handbook.
Assist in the approval, maintenance, and documentation of Financial Advisor business names used in lieu of the firm’s name when conducting business.
Produce documentation and compile official responses to subpoenas and/or law enforcement inquiries received by the Firm and/or its Financial Advisors relating to customer accounts.
Assist in the review and evaluation of Prospective Financial Advisor Applications for potential compliance issues related to things such as distance to their supervisory office, use of social media, prior sales of higher risk products, etc.
Answer compliance-related questions directly from Designated Supervisors, Advisors, Branch personnel, Home Office staff, etc. via the Compliance Department Hotline and emailed support ticketing system. Route support tickets to appropriate Compliance staff personnel on a timely basis.
Provide back-up support to Compliance Department Team, as needed.
Perform independent projects for the Chief Compliance Officer and/or Corporate Counsel, as needed.
Qualifications/Requirements:
Bachelor’s degree in a related field or the equivalent combination of education and/or related experience
Series 7, 24 and 66 required. (Successful candidates who do not possess a Series 24 and/or 66 registration at time of hire will have up to 6 months to obtain the applicable registration)
Knowledge of FINRA/SEC/MSRB/NFA rules and regulations for broker-dealer operations and Investment Advisory services.
Knowledge of securities products and investment advisory services.
Extensive knowledge in Microsoft Office applications (Word, Excel, PowerPoint).
Experience with an AS/400 computer system and Pershing’s NetX360 system. Experience with another investment adviser, broker-dealer, or mutual fund company with knowledge of Compliance Department responsibilities.
Experience with third party software for the administration of Outside Business Activities and Annual
Compliance Questionnaires, email searches as well as FINRA Gateway experience helpful.
Skills:
Ability to gather, analyze and display data in appropriate format and keep accurate and organized records/documentation
Critical thinking skills
Maintain focus and develop a prioritization system to provide exceptional customer service levels in a dynamic organization
Exceptional attention to detail and accuracy
Outstanding organizational, time management and follow-up skills to effectively plan and take tasks to completion within specified time frames
Ability to manage multiple tasks simultaneously
Project management capabilities
Skill in operating office equipment and utilizing computer software packages and online systems to develop unit-specific applications
Strong interpersonal, written and verbal communications
Ability to conduct oneself in a diplomatic and professional manner
Physical/Other Requirements:
May sit at workstation for extended periods of time.
May view computer screen for extended periods of time.
Periods of fast pace are normal particularly when working to meet deadlines.
Lincoln Investment is proud to be an Equal Opportunity Employer. We celebrate a diverse workforce and do not discriminate based on race, religion, color, national origin, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.
Lincoln Investment recognized as one of Philadelphia's Top Workplaces for over ten years, is an independent broker dealer and registered investment advisor that offers brokerage, investment advisory and other financial services. Lincoln has over 1,000 financial advisors nationwide and we serve over 350,000 clients representing over $36 billion in assets. We are a majority family-owned financial services firm that regards our employees as integral players in our continuous growth. Lincoln Investment's success is built upon our dedication to helping people retire well and promoting a work environment that fosters success. Our financial strength and profitability are natural results of "helping people, having fun, and enjoying success." Lincoln Investment offers a competitive compensation and benefits package. Our Home Office is conveniently located in Fort Washington, PA, just outside of Philadelphia.