Chief Compliance Officer
Description
You spend more than half of your waking hours working. Make these precious, fleeting moments matter by working for an organization and a cause you can believe in.
Western Growers exists for one reason only: to ensure the future viability of its members – the hard-working, salt of the earth farmers who grow the fruits, vegetables and tree nuts that feed our nation and nourish our bodies. But their way of life, their ability to pass their multi-generational farms and family legacies on to their children and grandchildren, is being jeopardized by a host of threats, many of them beyond their control. They face a growing litany of laws and regulations that make it increasingly difficult and expensive to do business.
Our members depend on us to help them remain competitive and profitable in spite of these trying circumstances, which we do by fighting – heart and soul – for them every single day. We passionately advocate for them in the halls of Congress and on the steps of the state capitol. We actively facilitate the advancement of technology designed to help them become more efficient and less dependent on diminishing resources. We diligently provide health insurance to their farm workers, as well as other insurance solutions tailored to the unique business. We do all of this, and more, from a position of leadership in the agriculture industry, which requires a team of intelligent, inquisitive and innovative individuals sold out for our common purpose.
Compensation: $85,919.49 - $116,695.13 with a rich benefits package that includes profit-sharing.
Western Growers exists for one reason only: to ensure the future viability of its members – the hard-working, salt of the earth farmers who grow the fruits, vegetables and tree nuts that feed our nation and nourish our bodies. But their way of life, their ability to pass their multi-generational farms and family legacies on to their children and grandchildren, is being jeopardized by a host of threats, many of them beyond their control. They face a growing litany of laws and regulations that make it increasingly difficult and expensive to do business.
Our members depend on us to help them remain competitive and profitable in spite of these trying circumstances, which we do by fighting – heart and soul – for them every single day. We passionately advocate for them in the halls of Congress and on the steps of the state capitol. We actively facilitate the advancement of technology designed to help them become more efficient and less dependent on diminishing resources. We diligently provide health insurance to their farm workers, as well as other insurance solutions tailored to the unique business. We do all of this, and more, from a position of leadership in the agriculture industry, which requires a team of intelligent, inquisitive and innovative individuals sold out for our common purpose.
Compensation: $85,919.49 - $116,695.13 with a rich benefits package that includes profit-sharing.
Job Description Summary
The Chief Compliance Officer position reports to the Vice President, Investments & President, Western Growers Financial Services (WGFS). Incumbent is responsible for the day-to-day supervision and activities of the broker-dealer/investment advisor, , client accounts and investment administration, broker, and banking relationships. In addition, the position entails enhancing and maintaining Western Growers Financial Services (WGFS) Written Supervisory Procedures (WSPs), training, licensing, internal controls, FINRA Financial and Operational Combined Uniform Single (FOCUS) reporting, Municipal Securities Rulemaking Board (MSRB), G-37, regulatory Exams and annual audits, reviewing SOC 2 Type 1 reports, and any other regulatory responsibilities that arise.
Q U A L IF IC A TIO NS
- BA/BS and/or 10 years relevant compliance experience, preferably at a regional or national retail brokerage firm with a proven track record preferred.
- Excellent familiarity with the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) environment and have clean U-4 with current Series 7 (General Securities Rep), Series 24 (General Securities Principal), Series 53 (Municipal Securities Principal) Series 99 (Principal Operations Officer) and Series 66 (Investment Adviser) licensing required. Familiar with OATS/CATS, TRACE reporting.
- Valid Series 7, 24, 53, 99 and 66 licensing.
- Experience with commission vs. advisory business and knowledge of trading, trade reviews & the Depository Trust & Clearing Corporation (DTCC) affirmations.
- California Life & Disability Insurance licensing to work with General Agent preferred.
- Excellent writing and verbal communication skills.
- Excellent knowledge of spreadsheet, word processing, and calendaring software.
- High standards of integrity and ethical judgment.
- Excellent multitasking and organization skills.
D U T I ES A ND R E S P O N S IB IL ITIE S
Compliance
- Identify compliance vulnerabilities and take corrective action.
- Manage Broker/Dealer compliance, administration, overall supervision of Registered Representatives and Investment Advisers, and regulatory examinations; liaison for all regulatory examinations including those of the SEC, FINRA, MSRB and The Securities Regulation Division of CA and other states.
- Conduct annual compliance inspection of files; performs daily and periodic surveillance of trading activity; researches and responds to regulatory inquiries, routine and special examinations.
- Prepare and conduct compliance training presentations for business personnel, including the annual compliance presentation and specialized training on new regulations and policies. Manage, train, and develop Registered Representatives and Investment Advisers; maintain all firm written supervisory materials relating to registered representative (RR) & Investment Advisor (IA) activities.
- Communicate orally and in writing with internal and external customers including employees, registered representatives, clearing firm, company family entities, vendors and maintain effective and excellent customer service support for all groups.
· Coordinate with outside securities counsel if needed and operating departments to ensure adherence to laws.
· Investigate allegations of illegal, improper or unethical conduct by employees or company representatives and address violations.
· Manage renewals of Errors and Omission (E&O) insurance and other annual policies.
Administrative
- Update WSPs, Business Continuity Plan, Cybersecurity Plan and Risk Monitoring reviews, review Website and all advertising for WGFS; advise business management on regulatory and compliance requirements, making effective use of information systems.
- Assist in preparation of commentaries and liaises with the Finance Department to present the results of the broker dealer in a format consistent with the rest of the firm to executive management and Board of Directors.
- Serves as Corporate Secretary for Western Growers Financial Services, Inc.
- Directs the advertising implementation, review, approval, and filing process.
- Manage all regulatory licensing, state registrations and renewals.
- Perform on-going reviews of the operations, marketing, and compliance areas for their adherence to the firm’s Written Supervisory Procedures.
Other
· Utilize all capabilities to satisfy one mission — to enhance the competitiveness and profitability of our members. Do everything possible to help members succeed by being curious and striving to understand what others are trying to achieve, planning, and executing work helpfully and collaboratively. Be willing to adjust efforts to ensure that work and attitude are helpful to others, being self-accountable, creating a positive impact, and being diligent in delivering results.
· All other duties as assigned.
P HY S I C AL D E MA N D S /W OR K E N V I R O N M E N T
The physical demands and work environment described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to communicate with others. The employee frequently is required to move around the office. The employee is often required to use tools, objects, and controls. This noise level in the work environment is usually moderate.
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