Chief Compliance Officer (FINRA Broker Dealer or SEC RIA)

Frec Markets, Inc. • San Francisco, CA

4d • $180,000 - $260,000 • Hybrid

About The Position

Frec operates two regulated entities: a broker-dealer and a registered investment advisor. Today a single individual holds both seats. As we scale, we're adding a second Chief Compliance Officer to take on one of the two CCO roles (broker-dealer or RIA, based on fit and experience), while our current CCO retains the other. You'll work in close partnership with them to divide responsibilities cleanly, share context, and build a compliance function that's built to scale with two dedicated leaders instead of one. We're customer-centric, every decision starts with how it benefits our customers. We're efficiency-seeking, we scale with accuracy while reducing risk. And we're team-focused, we succeed and face challenges together, with accountability and humility. If that resonates, join us at a pivotal time to help shape our compliance program and Frec's future.

Requirements

• Active FINRA Series 7 and Series 24 licenses required for BD
• Significant experience working with both or either Registered Investment Advisors (RIAs) or Broker-Dealers (BDs), with a deep understanding of the regulatory frameworks governing each
• A track record of building and scaling compliance programs, ideally at a technology-driven or fintech firm
• Prior experience serving as a CCO, or in senior compliance leadership, at a broker-dealer and/or RIA
• Strong working knowledge of FINRA, SEC, and state regulatory requirements
• Excellent written and verbal communication skills, with the ability to work cross-functionally across compliance, operations, legal, product, and engineering
• Comfort partnering closely with a fellow senior compliance leader to divide ownership and keep both entities' compliance programs aligned
• Comfort with the ambiguity and pace of an early-stage company — you're happy to build programs and processes that don't have a playbook yet

Nice To Haves

• A Juris Doctorate (JD) or other advanced degree preferred

Responsibilities

• Build, own, and scale the compliance program for the entity served as CCO of (broker-dealer or RIA), working in close coordination with the other Frec CCO and cross-functionally with Operations, Legal, Product, and Engineering to ensure the firm operates within regulatory requirements while moving at startup speed.
• Serve as CCO of either Frec's broker-dealer or its RIA, maintaining and evolving written supervisory procedures (WSPs) and compliance manuals to reflect current regulations and business practices.
• Act as a primary liaison with FINRA, the SEC, and state regulators for your entity; manage exams, inquiries, and filings, and ensure timely, accurate responses.
• Design and oversee supervisory and surveillance systems across trading, communications, and account activity, ensuring escalations are identified and resolved promptly.
• Own the compliance framework for account opening, KYC, and AML/BSA programs, including suspicious activity monitoring and reporting.
• Review marketing materials, advertising, and customer communications for regulatory compliance, coordinating with the other CCO where materials touch both entities.
• Draft and maintain compliance policies as Frec launches new products and features, partnering with Product and Engineering early in the development process.
• Build and lead compliance training programs for your entity, fostering a culture of compliance across the organization.
• Oversee required regulatory filings and support annual audits, exams, and financial reporting for your entity.
• Conduct ongoing risk assessments across the business and recommend controls to mitigate emerging risks.
• Partner closely with Frec's other CCO to ensure consistent standards and clean handoffs between the broker-dealer and RIA compliance programs.
• Partner cross-functionally with Operations, Legal, Product, and Engineering as a subject-matter expert on regulatory matters.
• Help build the compliance infrastructure and technology needed to scale a compliance function without scaling headcount linearly.
• Contribute to strategic decisions as a member of the senior leadership team.

Benefits

• Base salary of $180,000–$260,000, determined by experience, skills, qualifications, and location
• Meaningful equity: we want you to own a piece of what you're building
• Fully paid health, vision, and dental insurance
• 401(k)
• Monthly wellness allowance for physical and mental health
• Flexible PTO
• Catered lunch every day in our SF and NYC offices

What This Job Offers

• Job Type: Full-time
• Career Level: Senior