Completes assigned compliance activities and projects with limited supervision. Researches, develops, administers, and coordinates activities related to compliance consistent with securities regulations, systems and procedures to ensure that the firm as a broker-dealer is in compliance with all State, Federal, and Securities (Self-Regulatory Authority /SRO) regulations. Proactively addresses identified compliance issues, influences the business unit, registered representatives', supervising principals' and other stakeholders' activities to develop and implement corrective action plans to change behavior and processes which continue to build and nurture a culture of ethics, integrity, and compliance. Compiles and analyzes business data. Participates in development of new business process implementations. Initiates and carries out independent research projects. Reviews legislation and regulatory rulings and pursues changes necessary to meet requirements. Provides research and administrative support to compliance program. Develops responses to inquiries from regulatory authorities (includes FINRA, SEC, MSRB, State Securities Divisions, DOI) and provides assistance to other functions concerning compliance issues. Licensed Principal authorized to review and approve all forms of correspondence and public communications.
Essential Job Functions
Coordinates responses to inquiries from FINRA and other regulatory authorities. Participates in the coordination and facilitation of market conduct examinations and other audits and investigations. Prepares responses to inquiries and criticisms, in cooperation with Firm's CCO and when applicable, Company's Legal Department. Reviews, analyzes, and approves corporate and Agent/RR correspondence and communications with the public including advertising, sales literature, and promotions. Reviews, researches, and prescribes appropriate action to infractions, major violations, and other no n-compliant electronic communications identified in the electronic communications (email, websites, and social media) of all registered individuals. Provides technical and professional expertise in the analysis and solution of business problems. Makes appropriate recommendations to management. Provides guidance in responding to correspondence or inquiries involving review of legal documents or compliance issues. Represents the compliance function in product development and new business process implementations. Coordinates research and tasks to support and address compliance requirements and issues. Investigates and carries out independent research and administration, up to and including, final resolution of customer written and verbal complaints. Develops and prepares regulatory responses and reports (FINRA 4530 Statistical, U4/U5 Disclosure Amendments) consistent with industry rules/regulations and firm policies/procedures. Conducts annual testing and validation of firm's policies and procedures, analyzes current processes, prepares a report of noted deficiencies, and suggests best practices and corrective actions as necessary. Recommends, directs, and facilitates changes in Firm's Annual Compliance Requirements: Annual Compliance Meeting (ACM), Compliance Questionnaire (ACQ) and Firm Element CE (FE CE) as appropriate or directed by management. Responsible for the Firm's Anti-Money Laundering compliance mandated validation and attestation: Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC) and applicable Customer Identification Program (CIP)
Four-year College Degree preferred
FINRA Series 6, 63, 26, 51 licenses required
2+ years of securities industry experience required
2+ years of regulatory compliance experience preferred
Special Skill Requirement
Proficiency in Microsoft Office tools.
Strong communication, research and analytical skills
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce.