Compliance Principal

Home Office Careers•Rock Island, IL

6d•Hybrid

About The Position

MWA Financial Services, Inc., a registered broker/dealer, investment adviser and wholly-owned subsidiary of Modern Woodmen of America is looking for a Compliance Principal. Join a team where compliance is more than oversight. It is a trusted business partnership. As a Compliance Principal, you will collaborate with registered representatives and internal teams to navigate regulatory requirements, monitor business activities, and support critical compliance programs. From reviewing communications and trade practices to improving surveillance processes and systems, you will help protect the firm while enabling responsible business growth. Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Requirements

Bachelor’s degree.
3+ years experience with investment products, back office systems preferred.
Ability to pass FINRA Series SIE and 7 within six months of hire, and series 24 and 66 within one year of hire.
Work towards FLMI designation.
Strong communication, analytical, organizational, and collaboration abilities.
Proficiency in Microsoft Office, Teams, and Co-Pilot.
Detail-oriented, adaptable, and able to work across all U.S. jurisdictions.
Clean securities background.

Responsibilities

Review registered representatives’ communication including, text message, email, Microsoft Teams chats and Copilot prompts.
Identify and report significant compliance exposures and provide recommendations on corrective actions.
Review registered representatives’ and investment adviser representatives’ trade practices, including discretionary trading models as part of the RIA’s advisor managed platform.
Provide assistance and guidance to registered representatives regarding compliance issues, firm policies and procedures, and industry regulations.
Develop, implement and update policies and procedures regarding the firm’s surveillance program.
Assist in the review and monitoring of registered representatives’ outside business activities.
Compile documentation, file appropriate paperwork and maintain records; update records, files or databases as needed.
Provide support across compliance and other department teams including investigation, examination and operations.
Participate in business level task forces/projects.
Provide support in the modification and maintenance of compliance systems, including Microsoft Access, Microsoft Purview, and the firm’s trading surveillance system.

Benefits

Vacation
Sick leave
11 paid holidays
Company-paid retirement plan
Matching 401(k) plan
Employee Impact Bonus
Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
Group term life insurance.
Long-term and short-term disability.
Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance