Financial Services - Regional Compliance Examiner

5 - 7 years experience  •  Insurance

Salary depends on experience
Posted on 11/21/17
5 - 7 years experience
Salary depends on experience
Posted on 11/21/17


 We are Farmers!This is a virtual position that will service the Pacific Northwest and can be located in Washington or Oregon.  Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world. Start your career at Farmers today!

Job SummaryConduct physical office inspections for assigned FFS registered branch locations. Research, develop, administer and coordinate activities related to FFS broker/dealer compliance, supervision and inspection program. Evaluate principal supervisor impacted processes, systems and procedures to assure compliance with firm's policies and procedures as well as securities rules and regulations. Provide support and assistance to the Compliance Department as needed.  

Must be able to travel 50% to 75% of the time.
*Note:  FFS is a limited broker-dealer exclusively for Agents and Producers appointed with the Farmers Insurance Group of Companies and does not have the obligation to hold general securities or investment advisory licenses that the candidate previously holds with another broker-dealer.

Essential Job FunctionsConduct retail branch office inspections Manage the assigned inspection schedule, make arrangements and travel independently Prepare a pre-inspection profile review on the branch as well as the auditee Review branch facilities, records retention, required reports and documents maintained at the branch Select test samples of documents/cases for review Tests, assess and confirm policies/procedures Interview registered individuals and other associated support staff Document and report on the adequacy and effectiveness of the control environment in the branch location Identify operational and compliance risks and recommend improvements Monitor and ensure agreed actions are implemented Conduct meetings with the registered individuals to discuss preliminary findings and obtain formal responses to exam items. Consult and confirm with Compliance Management staff whether the branch office is in compliance with regulatory and Firm policy and procedures. Manage multiple inspections and projects simultaneously General Compliance Activities Oversee the progress and confirm completion of the other field supervising principal conducted branch inspections System administration for confirming completed inspections by supervising principals Review status of outstanding supervising principal required inspections and refer to respective manager and/or compliance management team for further action as applicable Participate in special investigations and conduct Needs Based and/or For Cause audits as directed Other Compliance Activities Stay up to date with industry and regulatory changes Research and analyze federal and state (FINRA, SEC, MSRB, State Securities and Dept. of Insurance) level regulations and when applicable, apply to case subject to review Serve as Firm designated Investment Company Products Limited Principal and Municipal Fund Securities Principal Perform other duties as assigned.

Education Requirement4 year college degree.Must be licensed.  Minimum: FINRA Series 6,63,26.  Preferred: FINRA Series 7,63,24.  FINRA Series 51 or 53 may be obtained within 1 year of employment.

Experience RequirementsFive years insurance and/or securities industry experience is required. Prior experience with a securities regulatory agency or regulatory inspections/audits is highly desirable.

Special Skill RequirementExperience using MS Excel


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