Join Our Team!We have an immediate need for a full - time
Chief Compliance Officerto join MCM Securities, LLC, an affiliated FINRA-register broker-dealer with United Group out of our Corporate office located in
Troy, NY. The responsibilities that are listed below are not all inclusive, however, they are indicative of the responsibilities performed by Chief Compliance Officer:
Written Supervisory Procedures (WSPs) and Compliance Policies
- Develop, maintain, and periodically update comprehensive Written Supervisory Procedures in accordance with FINRA Rule 3110 and applicable regulatory requirements.
- Ensure WSPs accurately reflect the firm's business model, private placement activities, supervisory structure, and actual operating practices.
- Conduct annual reviews of the firm's compliance program and document required assessments and certifications.
- Maintain clear supervisory assignments, delegation records, responsibility matrices, and supporting documentation.
- Monitor regulatory developments and implement necessary policy and procedural changes.
Supervisory System Administration
- Design and administer a reasonable supervisory system appropriate to the firm's size, business activities, and risk profile.
- Assign and document supervisory responsibilities for appropriately qualified principals.
- Oversee branch office designations, inspections, and supervisory control testing, as applicable.
- Maintain evidence of supervisory reviews, escalations, corrective actions, and follow-up activities.
- Evaluate the effectiveness of supervisory controls and promptly address identified deficiencies.
Private Placement Compliance
- Oversee compliance relating to private placements and Regulation D offerings.
- Review issuer due diligence documentation, background checks, offering materials, and related compliance files.
- Review and approve offering and marketing materials before distribution, consistent with applicable supervisory requirements.
- Monitor compliance with applicable FINRA private placement filing requirements, including Rules 5122 and 5123.
- Review compensation arrangements and disclosures for accuracy and consistency with applicable requirements.
- Oversee investor eligibility and accredited investor verification procedures, including those applicable to Rule 506(c) offerings.
- Identify potential conflicts of interest, disclosure deficiencies, and other material compliance risks.
Anti-Money Laundering (AML) Oversight
- Oversee the firm's AML compliance program in accordance with FINRA Rule 3310 and applicable federal requirements.
- Maintain and periodically review AML policies, procedures, and internal controls.
- Oversee customer identification and due diligence procedures, suspicious activity monitoring, and applicable sanctions-screening controls.
- Coordinate independent AML testing and ensure identified deficiencies are appropriately remediated.
- Ensure required regulatory reporting, including Suspicious Activity Reports (SARs), is completed when applicable.
- Serve as the firm's AML Compliance Officer if designated and appropriately authorized.
Communications and Advertising Supervision
- Supervise business-related communications, advertising, marketing materials, and social media activity in accordance with applicable FINRA requirements.
- Review or oversee principal approval of communications as required.
- Maintain appropriate records and electronic communication retention controls.
- Conduct periodic reviews of email and other business communications.
- Identify and escalate misleading statements, inadequate disclosures, prohibited claims, and other communications-related risks.
Annual Compliance and Training Program
- Coordinate the firm's annual compliance review and related documentation.
- Oversee applicable continuing education and training requirements, including the Firm Element of the FINRA Continuing Education program.
- Prepare or coordinate supervisory control assessments and related reporting.
- Conduct compliance training and periodic reviews of relevant regulatory obligations.
- Coordinate mock examinations and readiness assessments to identify and remediate potential weaknesses before regulatory examinations.
Regulatory Examinations and Reporting
- Serve as the primary point of contact for FINRA examinations and other applicable regulatory inquiries.
- Coordinate document requests, examination submissions, interviews, and internal information gathering.
- Prepare and manage responses to examination findings and regulatory inquiries.
- Develop corrective action plans and monitor remediation of identified deficiencies.
- Maintain a regulatory calendar covering applicable filings, reviews, certifications, and deadlines.
- Support FINRA New Member Application (NMA) processes, where applicable, including the development and documentation of the firm's supervisory and compliance framework.
Additional Compliance Responsibilities
- Oversee applicable books and records requirements under SEC Rules 17a-3 and 17a-4.
- Monitor net capital compliance in coordination with the Financial and Operations Principal (FINOP).
- Oversee applicable business continuity, cybersecurity, and operational resilience controls.
- Maintain procedures for customer complaints, insider trading controls, outside business activities, and private securities transactions.
- Coordinate with operations, supervisory principals, securities counsel, and outside compliance consultants.
- Promote a culture of compliance, accountability, and timely escalation of regulatory concerns.
Job Overview + Requirements:- Job Type: Chief Compliance Officer, Exempt; $135k - $165k with an eligibility for a discretionary annual bonus ranging from 10% to 30%, with the potential for equity or ownership participation, subject to the Firm's structure and applicable agreements.
- Work Hours: Full - Time, Monday - Friday 8:00am - 5:00pm (additional hours may be required to meet the demands of the role and fulfil leadership responsibilities.)
- Physical Requirements: ability to sit for long periods of time.
- Preferred Education: Bachelor's degree in Finance, Economics, Business Administration, Accounting or related field
- Required Licenses/Registrations: Possesses applicable FINRA registrations, including Series 24, Series 7, Series 63 and Series 66, as appropriate to the Firm's business activities and regulatory requirements
- Required Experience: 5 - 10 years of broker-dealer compliance, supervision, or related securities regulatory experience. Demonstrated experience developing, reviewing, and implementing Written Supervisory Procedures. Strong working knowledge of FINRA rules, SEC regulations, and applicable federal securities laws. Experience overseeing private placements and Regulation D offerings strongly preferred. Experience evaluating issuer due diligence, offering disclosures, marketing materials, and supervisory documentation.
- Preferred Experience: Experience with a small or growing private placement broker-dealer. Experience supporting FINRA New Member Applications and establishing supervisory frameworks for newly registered firms. Experience working directly with FINOPs, securities counsel, and external compliance consultants.
- Qualities: Professional image compatible with United Group/MCM Securities - positive attitude, energetic, assertive. Demonstrates exceptional personal and professional integrity, a strong work ethic, and excellent verbal and written communication skills. Demonstrates exceptional business acumen, policy development and drafting capabilities, sound risk assessment and investigative judgment, and strong regulatory interpretation, analytical, and problem-solving skills.
Benefits + Time Off:- Medical - Highmark BlueShield of Northeastern NY - 3 insurance plans with HSA options; eligibility 1st of the month following 30 days.
- Dental + Vision - eligibility 1st of the month following 30 days.
- Life Insurance - Company paid Basic Life Insurance Policy (1x Annual Salary) with additional Voluntary Life Plans; eligibility 1st of the month following 30 days.
- 401K Retirement Plan - Voya Financial; Employee Contribution Eligibility at 1st of the month following 90 days; eligible for Employer Match after 1 Year of Service; up to 4% Company Match.
- Additional Benefits - Employee Assistance Program; United Concierge Medicine (24/7 telemedicine service, including Mental Health); Calm App premium subscription; Learning Care Group (childcare tuition discount); Dependent Care FSA; Tuition Assistance Program.
- PTO - Personal (24 Hours), Sick (56 Hours), and Vacation Time (80 Hours; escalated based on years of service up to 160 Hours); eligibility after 90-day Introductory Period.
- Holidays - 10 Company Paid Holidays.
