Head of Broker Dealer Compliance
The Head of Broker Dealer Compliance at DriveWealth will lead the broker-dealer compliance team, overseeing the development and implementation of compliance programs to ensure adherence to FINRA and SEC regulations. This role is pivotal in maintaining the firm's commitment to regulatory excellence within a fast-paced, technology-driven environment.
Key responsibilities include establishing and maintaining standards and procedures to identify, prevent, detect, and remediate regulatory issues. The individual will oversee the broker-dealer compliance program functions, including the implementation of written supervisory procedures, transaction monitoring, AML compliance, training, and annual testing. Additionally, the role involves managing regulatory interactions, preparing submissions, and coordinating responses to inquiries from regulatory authorities.
The ideal candidate will possess a bachelor's degree and hold Series 7 and 24 licenses. A minimum of 10 years of experience in a senior compliance role within a financial services firm supporting an electronic broker-dealer is required. Strong understanding of regulatory and self-regulatory agency rules and regulations, particularly those of FINRA and the SEC, is essential. Familiarity with equities, options, fixed income, and mutual funds, as well as knowledge of relevant regulations as they apply to order routing, execution services, and electronic reporting, is also necessary.
DriveWealth offers a competitive compensation package, including medical, dental, and vision insurance options, mental health and family planning services, unlimited paid time off with ten observed holidays, and 16 weeks of paid parental leave for biological and adoptive parents. Additional benefits include pre-tax commuter benefits, an annual allowance for continued education and personal development, a monthly fitness and wellness reimbursement, and a company-provided phone. The role is based in New York, NY, with a hybrid work experience that allows for flexibility.
DriveWealth fosters a culture that blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. The company encourages creativity and experimentation while ensuring institutional-grade execution and regulatory compliance. Diversity and inclusion are valued, celebrating the unique differences of employees as the company scales and grows together. Operating principles are grounded in accountability, teamwork, integrity, and solutions built to scale, making DriveWealth an attractive place for professionals seeking growth opportunities in a dynamic environment.