Chief Compliance Officer

Edelman Financial Engines•Boston, MA

6d•$227,000 - $302,700•Hybrid

About The Position

Chief Compliance Officer (Any EFE Office Hybrid or Remote) At Edelman Financial Engines (EFE), our purpose is to guide people with the financial advice they need to thrive. We believe that every dollar saved represents a lifetime of hard work and aspirations, and every dollar invested has job to do for our clients. That’s why we are committed to managing our clients’ investments by truly understanding them as people first and then delivering advice, strategies and solutions to help them feel confident about the plans they are making, whether for today, tomorrow, or in the great unknown future. Our goal is to build long-term relationships based on respect, integrity, and a belief that our responsibility is to help people make smart investments decisions in every stage of their lives. Our culture is grounded in our CORE values: Client First, One Team, Respectful Candor, and Endless Curiosity. These values guide everything we do, for our clients and each other. We are committed to moving forward together. If you are inspired by purpose-driven work and a collaborative, values-led culture, we invite you to explore a career with us. As Chief Compliance Officer (CCO), reporting to the Chief Legal and Risk Officer, you will manage and be responsible for the investment advisory compliance program of an investment advisory firm registered with the SEC under the Investment Advisers Act of 1940 with more than $300B in AUM. The CCO will be a thoughtful, credible and savvy business partner across the organization as it responds to an ever-changing regulatory environment and continued growth. Candidates who have worked within the areas of retirement plans and retail advisory will be given heightened consideration, as will candidates with regulatory experience (SEC, FINRA), an understanding of ERISA, a law degree, and/or experience with technology-enabled compliance programs. In addition to an earnest desire to help people, we are looking for the ideal candidate to complement the team’s existing talents. For the CCO role, we are seeking a candidate with comprehensive industry knowledge and the ability to lead our Compliance function toward continued improvement. If you are an innovative thinker with the ability to lead a high performing Compliance Team, this may be an opportunity for you!

Requirements

An exemplary standard of integrity, especially when under pressure.
Highly skilled at savvy, risk-informed, data-driven management of compliance and regulatory risk.
Ability to lead, supervise, and evolve a diverse and dispersed team of compliance professionals.
Inherent ability to know when to educate, advocate, or dictate compliance related requirements.
Superb cross-functional influencing skills.
Innovative thinking with the added ability to translate cutting edge ideas into efficient new business processes and tools.
Flexibility, open-mindedness and adaptability when working in a rapidly changing environment.
Problem-solving skills: able to analyze multiple options, identify and articulate consequences, and develop the best fact-based solution tailored to company’s circumstances.
Proven ability to delegate responsibility and empower associates to make decisions and the ability to manage up and down in the organization effectively.
Able to influence others without direct authority and at all levels of the organization.
Polished interpersonal skills with the ability to work efficiently and diplomatically with both external customers and internal clients.
Ability to resolve conflict with a style that shows respect for multiple points of view.
Results oriented: fosters a culture that values customer service, innovation, and healthy competition in the marketplace.
Able to advocate new ideas, even when risk is involved.
Interested in learning new things and advancing new technologies to gain efficiencies and improve value of Compliance program services to company, including leveraging AI.
Significant experience in developing and implementing investment advisory compliance programs, systems and processes.
Ability to advocate and influence cross-functionally at all levels within an organization.
Detailed knowledge of the Investment Advisers Act of 1940, related rules and regulations, and compliance best practices.
Understanding of ERISA.
Outstanding analytical and organizational skills.
Experienced with use of technology to deliver investment advice and compliance testing.
Excellent subject matter and business judgment, superior leadership skills and delivery-oriented attitude.
Outstanding written and verbal communications and presentation skills.
Ability to interface directly and effectively with regulators.
Four-year college degree.
Minimum of 15 years investment management industry experience, with at least the last 5 in a senior compliance role, ideally as a CCO.

Nice To Haves

Candidates who have worked within the areas of retirement plans and retail advisory will be given heightened consideration, as will candidates with regulatory experience (SEC, FINRA), an understanding of ERISA, a law degree, and/or experience with technology-enabled compliance programs.
JD or advanced degree preferred.

Responsibilities

Manage investment advisory compliance program in accordance with Investment Adviser Act of 1940.
Conduct, oversee and document periodic regulatory risk assessments to determine compliance risk.
Develop, test and maintain policies and procedures for applicable regulatory and compliance requirements.
Manage regulatory review and oversight of marketing communications and advisory services of the firm.
Ensure adequate disclosures for Form ADV and compliance with delivery requirements.
Develop, oversee and prepare annual compliance review and periodic reports for senior management and Board of Directors.
Work with the CLRO and senior management to develop and maintain controls to monitor effectiveness of compliance program and promptly address any noncompliance with laws, requirements, policies or procedures.
Evaluate new or enhanced services, processes and initiatives to address compliance issues as well as further enhance the Compliance program at EFE.
Institute and maintain an effective compliance communication program for the organization, including promoting heightened awareness of compliance requirements, understanding of new and existing compliance issues and related policies and procedures.
Prepare and review training materials and provide compliance training to new hires and continuing education for existing employees to keep current on the changing regulatory environment.
Prepare for and lead examinations or investigations conducted by SEC or other external parties.
Oversee regulatory filings and IAR registrations.
Participate in key SEC outreach programs and maintain current knowledge of investment advisory laws, regulations, enforcement actions and litigation, and regulatory guidance.
Champion our firm’s compliance policies and risk management controls.
Supervise compliance team.
Special projects as requested.

Benefits

this role may be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans, and 401(k) contributions.

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