[Hiring] Compliance Principal @Mutual Group

Role Description

The Compliance Principal supports the firm's registered representatives and investment adviser representatives on compliance matters, with a focus on account and transaction supervision. The position owns day-to-day surveillance of client and employee trading, insurance and annuity suitability reviews, anti-money laundering monitoring and investigations, and portfolio risk reviews. It also serves as an escalation point for advisors and the Compliance team, resolving cases accurately and on time, and leads targeted projects that strengthen surveillance, training, and supervisory controls.

This is a principal-level role for an experienced broker-dealer and RIA compliance professional who wants ownership of a supervision program and the chance to improve it.

Responsibilities

• Transaction Surveillance:
  • Review surveillance reports and trade alerts for client and employee accounts, and resolve sales practice concerns within the expected service level.
  • Perform secondary reviews of high-risk accounts and complex transactions, and approve transactions that require principal review.
  • Investigate issues, document findings, and drive corrective actions with advisors and business units.
• Insurance and Annuity Suitability:
  • Review insurance and annuity recommendations and transactions for suitability and supervisory requirements, and document approval decisions.
  • Escalate exceptions and work with advisors and internal teams to resolve them.
• Anti-Money Laundering Surveillance:
  • Run anti-money laundering and customer identification (AML and CIP) monitoring, conduct investigations and due diligence, and document outcomes.
  • Recommend enhancements to AML and CIP procedures as rules and risks change.
• Portfolio Risk Reviews:
  • Monitor portfolios for concentration, suitability, and portfolio management risks, and work flagged accounts to resolution.
  • Produce compliance metrics and trend analyses from surveillance and review activity, and propose improvements.
• Department Support:
  • Work the Compliance case queue, handle advisor and client inquiries, and provide clear guidance.
  • Compile data and exhibits for regulatory examinations, inquiries, and internal reviews, and help draft responses as directed.
  • Create and deliver targeted training and job aids as rules evolve.
  • Provide backup coverage for other Compliance reviews as assigned, including advertising and correspondence review, branch examinations, and regulatory filings.

Qualifications

• Bachelor's degree in business, finance, or a related field, or equivalent industry experience.
• Five (5) or more years of broker-dealer or RIA compliance experience, including principal-level review and approval.
• Active Series 7, 24, and 63 licenses.
• Working knowledge of SEC and FINRA rules, AML and CIP requirements, and suitability and Regulation Best Interest standards.
• Experience with surveillance platforms and compliance workflow tools, and proficiency in Microsoft Excel and SharePoint.
• Strong investigative, analytical, and writing skills, with the ability to document a decision so it holds up in an examination.
• Ability to manage multiple deadlines in a fast-paced, distributed environment.

Requirements

• Series 53 or 51 and Series 66 licenses (strongly preferred).
• Experience supporting FINRA or SEC examinations, including compiling exhibits and drafting responses.
• Experience reviewing insurance and annuity transactions for suitability.
• Experience conducting branch examinations and reviewing advertising and correspondence.

Benefits

• Comprehensive medical, dental, and vision coverage.
• 401(k) participation with company match.
• Paid time off and paid holidays.
• Eligibility for discretionary performance-based bonus.
• Wellness initiatives.
• Opportunities for continuous learning and professional development in a supportive team.

Salary Range

Annual base salary range (full-time equivalent): $70,000 to $110,000. Final offer will be commensurate with the selected candidate's experience, demonstrated capabilities, and internal equity considerations. The position is also eligible for discretionary performance-based bonus consideration.

How to Apply

Interested candidates should submit a current resume and a brief cover letter describing their interest in the role and relevant broker-dealer or RIA compliance experience. Applications will be reviewed on a rolling basis.