Head of Broker Dealer Compliance

DriveWealth•New York, NY

1d•Hybrid

About The Position

DriveWealth LLC is seeking a highly motivated and seasoned Broker Dealer Compliance leader in either our New York or Chicago office to support our multi-asset, fast-paced trading and clearing services environment. Reporting to the Chief Compliance Officer, you will lead initiatives to strengthen the firm’s Level 2 compliance program across various product lines and markets. In this leadership role, you will provide expert guidance on complex regulatory matters including equities, options, trade reporting, margin requirements (FINRA Rule 4210), fully paid securities lending (FPSL) and other regulatory reporting areas. You will be responsible for the direct supervision of compliance staff while shaping firm-wide controls within an innovative and entrepreneurial culture.

Requirements

Bachelor’s Degree
15+ years of Compliance, Legal, Regulatory, or Financial Services experience.
Deep understanding of rules governing broker-dealer activities, margin, securities finance, and derivatives.
Required FINRA Series 7 and 24; additional designations are a plus.
Strong ability to work with large trade datasets and translate complex requirements into practical control updates.
Excellent interpersonal and communication skills to interface with all levels of management and build effective relationships.
Applicants must possess the legal right to work in the country where the position is located at the time of application.
For US-based roles: Applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future visa sponsorship.

Nice To Haves

additional designations are a plus

Responsibilities

Supervise a team of compliance professionals, overseeing their daily activities, investigations, and professional development.
Manage and re-prioritize team workloads to ensure multiple projects and regulatory deadlines are met simultaneously.
Review and approve detailed reports and surveillance investigations prepared by staff to ensure accurate summarization of issues and logical solutions.
Advise business units on regulatory obligations, new rule proposals, and firm policies.
Design, implement, and maintain effective compliance frameworks aligned with SEC, FINRA, NFA, and other regulatory obligations.
Oversee the development and maintenance of Written Supervisory Procedures (WSPs) and provide compliance advisory guidance for Level 1 procedures.
Proactively partner with business management, risk, and technology to ensure sound business operations and facilitate the firm's success.
Independently perform and supervise Level 2 compliance reviews to ensure firm-wide adherence to internal standards.
Enhance surveillance and monitoring frameworks by refining detection logic and identifying patterns in large trade datasets.
Develop and analyze data for Compliance management reports and provide periodic status updates on key issues.
Lead the firm’s response to regulatory exams and inquiries from FINRA, SEC, NFA, CFTC, and other SROs.
Coordinate the collection of documentation and ensure timely follow-up for all regulatory inquiries.