Director of Broker Dealer Compliance presso M Financial Group

M Financial Group is a community of leaders comprising the best and brightest minds in our industry. By combining individuals’ expertise and skill, M Financial Group has become a powerful force committed to advancing the interests of our industry, communities, and clients for over 40 years. M’s solutions are rooted in the diverse expertise of our team, our collaborative approach to innovation and our comprehensive support.

We embrace a progressive, dynamic mindset for every role. M Financial Group provides a professional community that actively supports individuals with diverse backgrounds and perspectives who come together to build and support best-in-class solutions.

SUMMARY: The Director of Broker-Dealer Compliance for M Holdings Securities, Inc. (M Securities) ensures compliance with FINRA and SEC regulations and assists M Securities in fulfilling regulatory obligations with respect to M Securities Broker/Dealer and Corporate RIA. This position serves as director to the Compliance Team which is responsible for Risk, Surveillance, Public Communications, Branch Exams, Regulatory Affairs, as well as various other Compliance functions.

RESPONSIBILITIES

• Support the Chief Compliance Officer by providing direction to the firm’s compliance staff and working with legal counsel in engaging with regulatory agencies
• Assist with regulatory audits by FINRA, SEC, and state insurance and securities regulators
• Investigate complex issues, including internal investigations and customer complaints, as needed
• Provide direction to staff and work with legal counsel in engaging with regulators, regulatory issues, or compliance programs
• Assist with writing, revising and maintaining Compliance policies and procedures
• Keep current with federal and state laws and regulations
• Conduct due diligence on business issues that impact the overall compliance program of Wealth Solutions
• Manage a team of compliance professionals and provide guidance, support and career mentorship to direct reports

Oversee Compliance Teams, Systems, and Programs

• Oversee compliance training for M team members and Member Firm staff, including continuing education and ongoing education programs
• Manage compliance personnel; responsible for the review of public communications Investigate complex compliance issues and provide thoughtful recommendations to the Chief Compliance Officer for resolution

Policies and Procedure Implementation

• Develop and implement compliance programs, including policies and procedures, to minimize M’s exposure to risk
• Identify and assist with development of automated processes and procedures to enhance broker/dealer efficiencies

Relationship Management and Communication

• Manage compliance processes and programs to develop positive, value added solutions for Member Firms
• Collaborate with Member Firms, educating, coaching, and advising on compliance issues and best practices
• Effectively communicate compliance policies and procedures internally and to Member Firms

Communication and Training

• Work collaboratively with other Compliance, Supervision, and Operation team members on effective interaction techniques with Member Firms in an effort to ensure a consistent message that fosters an effective compliance culture
• Train Wealth Solutions team members and Member Firm staff on compliance procedures and act as a liaison with other Wealth Solutions teams to research and implement new policies and procedures
• Assist with the development and implementation of compliance training and continuing education for internal M Securities team and Member Firm staff
• Monitor regulatory developments and changes in Federal and state securities laws and regulations
• Advise management of policy changes required as a result of evolving regulations and laws
• Assist with updating compliance programs, policies, and procedures
• Analyze the impact of multiple and diverse regulatory requirements on M Securities’ business
• Recommend solutions to complex and unique business and regulatory issues
• Provide assistance to Compliance, Supervision, Operations and other M Securities associates as requested

Regulatory Exams

• Assist the Chief Compliance Officer and President of M Securities with responding to SEC, FINRA, and state regulatory exams and inquiries
• Review and/or draft responses to regulators/auditors
• Coordinate the resolution of compliance issues in collaboration with Supervision and Operations

Compliance Initiatives 

• Coordinate the resolution of compliance issues in collaboration with Supervision, Operations, and the Chief Compliance Officer; assist in the development and implementation of compliance initiatives, programs, policies, and procedures
• Participate in the due diligence process, to ensure compliance issues are identified and addressed as our Broker/Dealer implements new products, platforms, and systems
• Conduct training and education sessions on a variety of M Securities’ topics
• Advise the M Securities team on a variety of Broker-Dealer issues

QUALIFICATIONS 

• Minimum of 7 - 10 years of progressively responsible, related work experience
• Experience with reviewing legal documents
• Bachelor’s degree or equivalent
• Securities Licenses: Series 7, and 24 required
• Securities Licenses: Series 63 and 65 or 66 preferred; or the ability to obtain within 3 months of employment
• Life Insurance License or ability to obtain within 12 months of employment
• Strong aptitude for understanding complex and changing security laws and regulations
• Familiarity, and preferred background, with the Investment Advisors Act of 1940; Securities Act of 1933 and Investment Company Act of 1940; FINRA and SEC rules; and state regulations
• Demonstrated ability to solve complex problems, find resolution to those problems, and recommend and successfully execute on resolution
• Excellent oral and written communication skills; strong attention to detail and excellent organizational skills
• Excellent presentation, training, and education skills
• Well-developed interpersonal skills and the ability to establish and maintain effective working relationships with Member Firms, Carriers, state and federal regulators, and M Team members
• Well-developed computer skills, including the use of MS Word, Excel, PowerPoint, Internet, and database management programs
• Proven ability to keep track of, prioritize, and report status of multiple projects
• Strong managerial skills and leadership effectiveness

JOB CONDITIONS AND ENVIRONMENT

• This position is based on-site at our offices in Uptown at the Quad in Dallas, TX with the flexibility to work one day remotely
• Normal office environment/desk assignment
• Extensive use of PC’s, computer terminal, display, keyboard, and mouse
• Extensive hands-on work with documents, spreadsheets, and other written documents
• Travel required (10-15%)

This position description is not intended to be and should not be construed as an all-inclusive list of responsibilities, skills or working conditions associated with this position. While this description is intended to accurately reflect the position’s activities and requirements, management reserves the right to modify, add or remove duties as necessary.

M Financial is proud to be an equal opportunity workplace.