Chief Compliance Officer

Folger Nolan Fleming Douglas Incorporated and Folger Nolan Fleming Douglas Capital Management, Inc.

Working Location: The position is based in the entities’ downtown Washington D.C. headquarters. We expect the successful candidate to be physically present in the entities’ offices several days each week or as otherwise directed by the entities’ management.

Folger Nolan Fleming Douglas Incorporated (“FNFD”) is a privately owned, full-service dually registered broker-dealer and investment advisor headquartered in Washington, D.C. with branches in Hunt Valley, MD and Cambridge, MD. Folger Nolan Fleming Douglas Capital Management, Inc. (“CMI”) is a separately registered investment adviser and subsidiary of FNFD. FNFD and CMI are referred to below as “the entities.” FNFD is Washington’s oldest investment firm, with over a century of financial expertise, focused on helping clients build and manage wealth. FNFD has maintained its independence since its founding, with roots in Washington dating back to 1889. CMI was formed in 1977. The independence of FNFD has allowed it to stay true to its core mission of providing quality investment services to its clients.

Position Summary:

The Chief Compliance Officer (“CCO”) is responsible for ensuring that both the entities have appropriate systems and procedures in place to comply with all applicable federal, self-regulatory, and state laws, rules and regulations, and high ethical standards. The CCO will work closely with senior management of both entities to develop and implement policies, procedures, and systems to ensure that both entities operate within regulatory requirements.

Primary Responsibilities:

• Conduct regular risk assessments and perform ongoing monitoring to identify and address potential compliance risks.

• Maintain up-to-date knowledge of industry trends, regulatory developments, and best practices in compliance.

• Develop and implement policies and procedures as required relating to compliance with all applicable state, federal, and self-regulatory rules and regulations.

• Act as AML Compliance Officer

• Maintain and update the investment advisors’ and broker-dealer’s compliance manuals and related documents, including Forms ADV, CRS, BD, and other regulatory filings.

• Work with senior management to develop and implement programs and processes to detect and prevent non-compliant and fraudulent activities.

• Provide training and guidance to personnel on compliance-related issues.

• Act as a primary point of contact for all regulatory examinations, audits, and inquiries.

• Act as a liaison between the entities and regulatory bodies.

• Manage registration of entity and personnel.

• Responsible for managing and assist in maintaining required books and records.

• Be present in the FNFD office several days each week or as otherwise directed by the entities’ management.

• Perform other duties as assigned.

Qualifications:

• Educational background: a Bachelor’s degree is required; a Juris Doctor degree and/or Master’s degree in finance is a plus.

• Holds (or will promptly obtain) all required licenses for the position, including the Series 4, 14, 24, 53 and 65 and all prerequisites thereto.

• Extensive knowledge of broker-dealer and registered investment adviser laws, rules and regulations, including but not limited to MSRB, FINRA, state and SEC rules and regulations.

• Seven to ten years of experience in the securities industry or with a securities regulator, preferably with the compliance/legal department of a broker-dealer and investment adviser or a relevant division of a securities regulator.

• Practice of keeping up with the evolution of MSRB rules, FINRA rules, relevant state rules, and SEC rules and regulations relevant to the entities’ business by, among other practices, regularly reviewing applicable FINRA Regulatory Notices and SEC B-D and IA Releases.

• The ability to synthesize new rules applicable to the entities’ business and make timely adjustments to the entities’ policies and procedures, as applicable.

• Forward-thinking – able to anticipate areas of regulatory concern and take steps to address such concerns in advance of regulatory examinations.

• Ability to conduct supervisory systems reviews in anticipation of/preparation for regulatory examinations and/or annual compliance certifications and annual compliance reports.

• Knowledge of regulatory hot topics and examination priorities.

• Knowledge of and experience with state regulators and other regulatory inquiries and investigations.

• Proficient with Excel, Adobe and Microsoft Office suite of products, and with compliance management and surveillance software. Familiarity with NetX360 a plus.

• Organized and detail-oriented with the ability to manage and make timely filings as required.

• Ability to maintain the highest level of confidentiality and integrity.

• Ability to develop and communicate a strong culture of compliance.

• Ability to create, communicate and implement and otherwise manage effective supervisory policies and procedures.

• Ability to work with persons at all levels within the entities – from senior managers to representatives to back office personnel, and within sales management, operations and IT department.

• Ability to act independently and collaboratively to achieve desired results and outcomes.

• Knowledge and understanding of, and ability to analyze, available third-party software and services that could be beneficial to the entities.

• Ability to understand and analyze industry technology trends, the software and data that results from its use, and how this can benefit and impact the entities and their regulatory compliance. Software and data include, but are not limited to, Smarsh email and electronic communications archival, and supervision of electronic communications such as text messages and What-App.

• Contacts at other firms and/or in industry groups (such as SIFMA-CL, NSCP, et al.) to receive and provide input on: (i) compliance and regulatory issues facing B-D’s and IA’s; (ii) how other firms have handled exam or other regulatory encounters; and (iii) developing regulatory issues/ trends.

• Ability to communicate with and train colleagues re: current and changed laws, rules, regulations and the entities’ policies and the importance of complying with the same.

• Ability and willingness to seek assistance from the entities’ management, compliance consultants, and/or outside counsel when needed, including but not limited to areas in which there is any doubt or unfamiliarity.

Note: This job description is intended to be a general representation of the duties and responsibilities of the CCO. Other duties may be assigned as needed.

Clean background check and execution of confidential and non-disclosure agreement required for employment.

Email resume to pard@donovanrainie.com.