The Assistant General Counsel/Compliance Attorney is responsible for the general duties related to regulatory, RIA/broker-dealer/advisor/insurance compliance and general corporate matters. This individual will be responsible for: (i) advising the Compliance department and other company personnel on regulatory policy and issues that affect the current or planned operations of the Company, (ii) assisting in the supervision of the Company's compliance with the rules of the SEC, the states, and FINRA, (iii) working to structure deals and finalize contracts with financial institutions, advisors, banks, mutual funds, insurance companies, and existing or potential managed account sponsors; and (iv) assisting the compliance process including compliance oversight of surveillance, advertising and sales literature review, and the regulatory examination process.
The Compliance Department is responsible for ensuring that all applicable FINRA and SEC regulations are met by 1st Global’s Financial Advisors and employees by keeping the Advisors informed about developments in the industry and at 1st Global and by providing ongoing compliance education and oversight. To this end, the Compliance Department conducts office inspections of each branch office of 1st Global to determine whether each office’s records are in compliance with SEC, FINRA, and State requirements, and provides training and consulting to advisors and their staff regarding the proper recordkeeping and office procedures.
The Compliance Department is responsible for reviewing all advertising and sales literature created by advisors, as well as all marketing material and communications created by internal staff, for compliance with FINRA regulations. The Compliance Department provides extensive training to its advisors via the annual Compliance Session (as part of the responsibility of administering the CE program) and provides guidance via targeted Financial Advisor group e-mails, newsletters, and one-on-one training during office visits, on the phone, and via e-mail. Training, support, and guidance is provided to staff members regarding the firm’s written supervisory procedures, as well as the rules and regulations of the various regulatory bodies.
The Department is also responsible for reviewing the U4s, Outside Business Activities, Correspondence, and 407 statements of its advisors, handling all customer complaints, arbitrations, mediations, and other legal issues, due diligence of new products, maintaining E&O coverage, responding to regulatory requests, monitoring and surveillance of trading activities, and creating and revising the firm’s written supervisory procedures.
The Risk Management Department is responsible for the following activities:
It should be noted that this organization audits home office staff, including their actions and results. This organization does not audit registered representative activities, but makes recommendations to Compliance and Regulatory Principals regarding registered representative audit and oversight.
- Audit and Monitoring of Operations processing to ensure compliance with internal controls, departmental policies and procedures, and Written Supervisory Procedures
- Audit and Monitoring of Information Technology to ensure compliance with regulatory guidelines and industry best practices with respect to protecting the privacy of personal client and corporate information.
- Audit and Monitoring of all 1st Global employees to ensure adherence to proper protocols to mitigate regulatory, technology, and over time, financial risks
- Creation of internal controls to mitigate existing and emerging risks
- Recommendations to Compliance and Regulatory Principals regarding best practices for mitigating regulatory, technology and over time, financial risks as they relate to the supervision of registered representatives.
- Performance or coordination of annual CEO Certification
- Responsible for special projects as needed.
- Responsible for the oversight and delegation of duties in connection with the Company’s Business Continuity Plan (BCP).
All responsibilities are generally performed on a daily basis, unless otherwise noted. Specific responsibilities include, but are not limited to:
- Responsible for the management of manage customer complaints and litigation.
- Responsible for providing assistance to CCO for due diligence of product sponsors.
- Responsible for the review and negotiation of the fidelity bond and errors and omissions insurance policies on an annual basis.
- Responsible for the review of general corporate functions and providing contract review assistance to the firm.
- Responsible for oversight of the Risk Management Department.
- Juris Doctorate
- Extensive knowledge of securities regulations.
- Experience in interacting with regulators.
- Litigation/complaint resolution experience a plus
- Series 7 and 24 required (or will obtain within 120 days).
- Series 4 and 53 optional.
- Excellent verbal and written communication skills required.
- Excellent customer service skills required.
- Exceptional organizational skills required.
- Strong analytical and problem solving skills required.
- Strong attention to detail and ability to multi-task and prioritize jobs independently required.
- Must have the ability to work effectively independently, as well as in a team environment.
- Must have strong computer skills, including expert proficiency in MS Office applications.
1st Global Capital Corp. - 12 months ago