Transamerica Financial Advisor (TFA) is searching for a Director of Compliance. This position will report to TFA’s Chief Compliance Officer (CCO). The candidate will support the CCO in managing the compliance program covering TFA’s retail broker-dealer and investment advisory business. The candidate will contribute to the success of the compliance program to prevent, detect, and assist in resolving potential violations of federal securities laws and regulations for TFA. In addition, the candidate will assist the CCO in enhancing the compliance program for World Financial Group (WFG). This Director will be heavily involved in all areas of Compliance but specifically will oversee the Compliance Advertising and Anti-Money Laundering/Fraud programs for TFA and WFG. This position involves planning, organization, and execution of day-to-day operational compliance activities. Additionally, this individual will help maintain a strong compliance framework for a growing team. The Director will work with the business to remediate issues identified through testing. The candidate should have experience providing direction and oversight and be able to help guide the team in the assessment of control deficiencies while assisting in developing effective remediation plans.

Responsibilities

  • Advising the Chief Compliance Officer of potential regulatory risks, gaps, and vulnerabilities; implement and lead corrective action plans.
  • Assisting in the hiring and training of compliance staff to support TFA and WFG’s compliance programs.
  • Establishing relevant performance metrics to ensure team members understand their significance and expectations, and providing regular performance feedback.
  • Developing, maintaining, and updating compliance policies, procedures, and controls to ensure compliance with applicable SEC, FINRA, and state securities rules and regulations.
  • Creating training for home office and the field.
  • Assisting and possibly leading regulation examinations and audits as assigned by the Chief Compliance Officer.
  • Collaborating with TFA and WFG business partners on compliance, supervision, management, Advertising and AML/Fraud issues.
  • Developing strong working relationships with TFA and WFG business partners (home office and in the field).
  • Directing and leading compliance projects and initiatives involving business line senior managers; providing compliance guidance and advice.
  • Providing guidance on the effective response to detected problems and offer recommendations for corrective action as appropriate.

Qualifications: 

  • Bachelor’s degree in business, accounting, or other relevant field
  • 8+ years of regulatory or securities compliance experience, preferably in a retail broker-dealer and investment advisory environment
  • At least 2 years of experience in compliance or internal audit functions at a supervisory or management level
  • At least 2 years of experience in Advertising Compliance in the securities industry
  • Experience in AML
  • Knowledge of securities, insurance, and retirement laws, regulations, and rules as it pertains to the sale of such products
  • FINRA Series 7, 24 & 66
  • Excellent written and verbal communication skills
  • Strong leadership skills
  • Advanced analytical and research skills
  • Proficiency using MS Office tools

Preferred Qualifications

  • 4+ years in a leadership role
  • FINRA Series 53
  • Insurance license
  • Experience with FIS® Supervision Compliance Manager
  • Experience with National Financial Services/Fidelity platform

Working Conditions

Normal office environment utilizing Microsoft office products.

The Salary for this position generally ranges between $150,000-$170,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion