Senior Compliance Officer / Compliance Director
The Primary Group, Inc.
Location: Atlanta, GA
A Georgia based vertically integrated investment management firm that invests within the premium-branded hotel space, specifically with a focus on limited and select-service hotels is seeking candidates interested in applying for the role of Senior Compliance Officer / Director Compliance. Title will be determined by level of experience. In addition to acquiring hotels, our client has originated or acquired $3.6bn of hotel debt through their lending arm, completed 50 ground-up development deals, and built an internal property management company that operates over 80 hotels across the US. In total, the firm has executed over $5.5bn of deals (approximately 500 transactions) in the hotel space. Since the pandemic began, they have invested in over 125 deals, more than $1.7 billion of equity, and have a robust pipeline of potential new investments. Our client believes they’re on the cusp of a new growth cycle to capitalize on as the hospitality sector continues to recover.
POSITION SUMMARY
The Senior Compliance Officer / Compliance Director is sought to work full time leading the Compliance program of the firm’s broker/dealer affiliate of the parent company, and a future SEC registered and FINRA member broker/dealer firm. The Compliance Director will be in a senior leadership role within the broker/dealer and will be a registered General Securities Principal of reporting to the President of the broker/dealer. This individual should exhibit strong leadership skills and set a tone of compliance, integrity, and transparency as a priority with all actions undertaken by the broker/dealer. The Compliance Director will have primary responsibility for enhancing and developing compliance policies and procedures and will advise the firm and all staff accordingly. Executing, with the support of other leaders, the firm’s commitment to excellence in ethics and compliance while managing all facets of the broker/dealer’s compliance program is the highest priority. Strong knowledge of FINRA and SEC rules regarding the wholesale distribution of products is required and knowledge of compliance rules regarding the distribution of firm’s products is a plus.
ESSENTIAL FUNCTIONS
Developing or enhancing current policies and procedures such as Written Supervisory Procedures, Business Continuity Plans, etc.
Executing, with the support of other leaders, the firm’s commitment to excellence in ethics and compliance while managing the broker-dealer’s compliance program.
Responsible for professional licensing compliance and tracking matters for various licensed professionals; oversee and undertake registered representative onboarding; oversee email review, retention, monitoring and associated procedures/filters and process documentation; oversee certifications and reporting requirements under applicable Code of Ethics policies, assist in the preparations of all ’33, ’34 and ’40 act filings, proxies, etc. as needed.
Reviewing and approving sales literature, marketing materials and sales team communication; Oversee and manage the filing of advertising and sales literature materials with FINRA Advertising Regulation, the progress of such filings and responses to FINRA questions or concerns regarding the same.
Providing advice and support to the Firm’s sales team regarding sales practices, inclusive of communications and non-cash compensation expense rules.
Conducting branch and non-branch office inspections & facilitating Office of Supervisory Jurisdiction (OSJ) audits.
Prepare and handle regulatory filings: annual, periodic, or as required.
Oversee preparation of annual needs analysis and oversee annual FINRA 3120 testing, including making GAP corrections in the Written Supervisory Procedures and additional auditing throughout the year.
Respond to information requests of FINRA and assist in overseeing any regulatory examinations.
Proactively monitor and research changes in laws and regulations; amend policies and procedures, including written supervisory procedures; and, as needed, communicate changes to and provide training as needed to affected persons and ensure timely compliance with the same.
Assist the President of broker dealer and parent companies General Counsel with contract reviews and conducting third-party and vendor due diligence.
Manage and oversee preparation, approval and filing of Forms U-4, U-5, and BD.
Maintain and administer the Firm’s AML Policies and Procedures.
IDEAL CANDIDATE
Driver of company's vision, mission, and core values.
Takes initiative and is solution-oriented in all interactions.
Strategic perspective in all interactions and decisions.
Strong interpersonal skills with ability to build relationships within and outside the company.
Excellent communication skills (effective in oral, written, and presentation formats).
Extensive depth and breadth of knowledge within compliance function and securities industry.
Strong analytical and organizational skills.
Effective prioritization skills with the proven ability to work well under pressure.
Strong commitment to establishing and maintaining a compliance and best practices tone throughout the company.
Experience with alternative investments, specifically private real estate funds, is highly desirable.
REQUIREMENTS
7 years of experience in financial services with the most recent 3-4 years as a senior level compliance professional within a broker dealer, preferably managing broker dealer experience.
Series 7 and Series 24 licenses are required.
COMPENSATION (not to be discussed)
Open for discussion based on the individual – skill sets, foundation of knowledge, and experience.
CHARACTERISTICS (The 5 most important characteristics you are seeking for this position)
Highly collaborative
Proven integrity based transparent leadership with strong communication and relational skills.
Team-oriented with reception to ideas presented by others.
Strategically minded with ability to clearly articulate and implement strategies and objectives.
Clear understanding of companies’ core values.
To apply please email paul@pgsearch.com or visit our website www.theprimarygroup.com go to job openings.