Chief Compliance Officer Jobs

About The Position

Requirements

• Typically, 10+ years of relevant experience in U.S. investment management regulatory compliance, including experience with SEC-registered investment advisers, and a post-secondary degree in a related field or an equivalent combination of education and experience.
• Significant experience developing, implementing, and overseeing regulatory compliance programs for SEC-registered investment advisers.
• Demonstrated knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Act of 1933, and applicable SEC rules, regulations, and guidance.
• Experience establishing or materially enhancing an investment adviser compliance program, including policies and procedures, regulatory risk assessments, monitoring and testing, regulatory reporting, and governance processes.
• Knowledge of compliance requirements for U.S. registered investment funds, including formation, launch, governance, operations, and ongoing regulatory obligations.
• Experience with investment management compliance matters, including fiduciary duties, conflicts of interest, investment restrictions, personal trading, marketing, custody, best execution, trade allocation, and regulatory recordkeeping.
• Experience managing SEC regulatory examinations, inquiries, and compliance reviews.
• Experience working collaboratively with Legal, Risk, business management, external counsel, and other internal and external stakeholders.
• Ability to independently establish and manage a compliance function within a developing business while operating within a larger financial institution's governance and control framework.
• Advanced knowledge of regulatory and compliance requirements and investment management operations.
• Strong business acumen and ability to provide practical, risk-based compliance advice in support of business objectives.
• Expert-level verbal and written communication, analytical and problem-solving, influence and effective challenge, cross-group collaboration, and regulatory risk assessment, monitoring, and testing skills.
• Ability to manage ambiguity and competing priorities; data-driven decision-making skills.
• Seasoned professional with a combination of education, experience, and industry knowledge.

Nice To Haves

• Prior experience serving as a Chief Compliance Officer, Deputy Chief Compliance Officer, or senior compliance leader within a U.S. investment management business.
• Experience supporting SEC investment adviser registration, including Form ADV preparation and related regulatory requirements.
• Experience with investment company compliance programs under Rule 38a-1 of the Investment Company Act of 1940.
• Familiarity with regulatory and governance requirements applicable to bank-owned investment management businesses, including enterprise compliance frameworks and the three lines of defense.
• Recognized compliance certification, such as Certified Investment Management Compliance Professional (IACCP), or equivalent.

Responsibilities

• Lead the development, implementation, maintenance, and administration of the RIA's regulatory compliance program, including its policies, procedures, controls, governance arrangements, monitoring, and testing.
• Lead the compliance workstream for the RIA's SEC registration, including preparation and review of Form ADV, regulatory disclosures, and related documentation.
• Serve as the RIA's designated Chief Compliance Officer under Rule 206(4)-7 of the Investment Advisers Act of 1940.
• Oversee annual compliance reviews, regulatory filings, monitoring, testing, issue management, and reporting to maintain the effectiveness of the compliance program.
• Provide regulatory compliance advice and oversight for investment advisory activities, fund operations, products, business initiatives, marketing, advertising, investor communications, and distribution.
• Advise on the structuring, development, and launch of investment funds and products, including applicable Securities Act of 1933 and Investment Company Act of 1940 requirements.
• Oversee policies and controls for investment management activities, including portfolio management, trading, allocation, best execution, valuation, conflicts of interest, and client disclosures.
• Support compliance arrangements for funds subject to the Investment Company Act of 1940, coordinating as applicable with fund boards, fund compliance personnel, and external service providers.
• Lead and participate in regulatory risk assessments, monitoring, testing, surveillance, and reporting; challenge risk assessments and evaluate the design and operating effectiveness of controls.
• Identify, assess, challenge, and oversee resolution of compliance issues, including development and validation of remediation plans; escalate material issues and risks to management, Compliance leadership, and governance committees.
• Develop and maintain compliance management information, metrics, and reporting for business management, Compliance leadership, and governance bodies.
• Establish and maintain relationships with the SEC and other applicable regulators; coordinate responses to inquiries, examinations, and information requests; represent the RIA during regulatory examinations and audits.
• Monitor U.S. securities-law and regulatory developments and advise management on their implications; oversee implementation of updated policies, procedures, and controls.
• Identify compliance training requirements and develop or coordinate training for employees.
• Collaborate with Legal, Risk, Operations, Finance, Technology, business management, external counsel, compliance consultants, and other stakeholders and service providers.
• Integrate the RIA's compliance framework with the BMO Compliance Program and enterprise governance, policies, procedures, and risk management requirements.
• Communicate the roles and responsibilities of the three lines of defense and promote regulatory compliance and accountability.
• Provide specialist expertise and practical, risk-based advice to senior leaders and stakeholders on complex or emerging regulatory matters.
• Broader work or accountabilities may be assigned as needed.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives may be included in the total compensation package
• Discretionary bonuses may be included in the total compensation package
• Other perks and rewards may be included in the total compensation package