This position is for Registered Principal and Chief Compliance Officer of a small Broker-Dealer firm, exclusively involved in Real Estate Securities (limited partner interests). The Broker-Dealer firm is a wholly owned subsidiary of a well -established Boston -based commercial real estate investment company, in business over 35 years, which acts as Sponsor and General Partner of real estate projects in the United States, as well as Canada and South America, Europe and Asia.
The firm is licensed as a Broker-Dealer, and has been in business since 2004. The firms head office will be located outside Orlando, in Central Florida, with a Branch Office in Boston, Massachusetts, where experienced Registered Representatives and other firm Principals are located. The CCO will be based in the Central Florida office, and will travel at least once each month to Boston for supervision and compliance purposes.
The CCOs main responsibility is to ensure the firm's compliance with all FINRA and SEC rules and regulations by providing necessary advice, training and risk assessment pertaining to all of the firms Broker/Dealer activities. The position is responsible for implementing all required policies and procedures regarding all business activities. Additional responsibilities will include approval of all accredited investors, due diligence for offerings and creation of offering materials. This position will work closely with the Registered Principal and interact with all associated persons at the Firm.
The ideal candidate should have experience with Real Estate Securities and
Domestic and International Institutional Accounts.
Extensive knowledge of securities rules and regulations covering operating procedures and customer protection is also required, as well as working knowledge of securities registration and membership requirements for FINRA member firms.
The CCO must possess experience with the interaction between FINRA and member Broker-Dealer and their associated responsibilities.
-Review, maintain, and revise as necessary all relevant Policies and Procedures based upon regulatory requirements, industry practices and established internal controls.
-Perform all daily, weekly, monthly and quarterly compliance reviews (including transaction reviews), and supervision.
-Develop and implement necessary risk assessment reviews including internal audits and automated surveillance/monitoring programs to review the firm's activities to remain in compliance with all aspects of industry standards (i.e. from sales practices, prime brokerage to trading activity).
-Implement and maintain all mandated Anti-Money Laundering programs covering the Broker/Dealer activities.
-Approve all accredited investors, due diligence for offerings and creation of offering materials.
-Provide advice and training to firms management and employees regarding applicable securities rules, regulations and firm policies.
-Demonstrate excellent communication skills, both oral and written. Should have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents of both legal and business nature. Must be able to correspond with all regulators and auditors.
-Work as liaison to firms management and legal counsel to ensure appropriate support if needed for any and all litigation, arbitration, reparation proceedings and all other regulatory, criminal and civil matters revolving around the firm's Broker/Dealer activities.
-Demonstrate ability to effectively analyze situations, absorb large amounts of information and apply past experience and judgment to resolve issues in a timely manner.
-Review documentation and provide Compliance approval of all new accounts regarding Know Your Customer and the firms Customer Identification Procedures.
-Work in the preparation of offering materials and other documentation necessary to present to investors and insure that all documents, correspondence and marketing materials for the Broker-Dealer are FINRA compliant.
Applicable Licensing in order to be appointed a Registered Principal and Chief Compliance Officer
A law degree and membership in the Florida Bar is preferable.
As a small, established, and well-organized Broker-Dealer, the expectation is that this position would require approximately 30 hours per week on average; of course, this depends on transaction volume. However, in any case, office hours should be planned for each week day. The firm offers benefits such as health, dental and vision insurance; company 401K; company paid short and long term disability insurance, as well as company paid term life insurance.