Chief Compliance Officer

Location
Alexandria, Virginia
Posted
Aug 17, 2019
Closes
Aug 24, 2019
Function
Executive, Chief
Hours
Full Time
The Motley Fool Holdings' investment business, Motley Fool Investment Management LLC is looking for a Chief Compliance Officer to play a key leadership role in this exciting and rapidly expanding business line. The Motley Fool is a purpose-driven organization -- To Make the World Smarter, Happier, and Richer - and the investment management business will be crucial in fulfilling that purpose.

The CCO will report to the President of Motley Fool Investment Management and will have Compliance oversight of the operations of the group's registered investment adviser affiliates. These advisers provide investment management and financial planning services to a wide range of clients, including retail and high net worth investors, through mutual funds, ETFs, separately managed accounts and private investment vehicles. As CCO, you'll need to get to know these businesses and their activities intimately so that you can ensure we have adequate compliance processes and systems in place for our current activities - and, more importantly, that we have the right resources and systems for the future, so that we are equipped to grow and fulfill our purpose.

Here's what you'll be doing day-to-day:
  • Developing and enforcing appropriate policies, codes of ethics, and procedures for the respective investment advisers to assure compliance with applicable securities laws and regulations
  • Leading, managing, and delivering an effective compliance function supporting all of the investment advisers.
  • Establishing strong working relationships with internal and external business partners, clients and regulatory bodies, including the U.S. Securities and Exchange Commission.
  • Managing compliance support vendors
  • Representing the investment advisers' compliance group in cross-functional firm initiatives.
  • Providing end-to-end compliance oversight, including:
    • Maintaining and updating the applicable compliance manual(s) and assisting in the annual and periodic review of the firms' written supervisor procedures.
    • Overseeing and coordinating surveillance, monitoring and annual testing to ensure effectiveness of the compliance program, and where necessary, implementing necessary remediation or enhancements for any identified deficiencies.
    • Identifying and assessing conflicts and other factors creating risk exposure for the advisers and their clients
    • Providing periodic reporting to senior management, boards of directors and other company stakeholders.
  • Maintaining in-depth knowledge of the businesses and their activities in order to ensure adequate compliance oversight and resources as the business needs evolve over time; advising the business on emerging compliance issues impacting registered investment advisers, mutual funds/ETFs and private funds.
  • Nurturing and enhancing a culture of integrity and compliance within the advisers
  • Coordinating with the advisers' legal team to identify and respond to ongoing regulatory changes, ensure implementation of required policies and procedures and appropriate operational and compliance oversight.
  • Ensuring completeness, accuracy and timeliness of all applicable regulatory reporting requirements and disclosures, including Mutual Fund/ETF prospectuses and shareholder reports, Form ADV (Part 1 and 2), Form PF, and beneficial ownership and other filings (Schedule 13G, Form 13F and Form 13H).
  • Participating and, where appropriate, coordinating and leading resolution of significant regulatory inquiries, including SEC exams, and customer complaints.

To be successful in this role, you should be able to:
  • Communicate clearly and with presence both internally and externally, particularly to regulators. We're looking for someone who is not afraid to speak up, make an impact, and influence outcomes. You'll need to be able to simplify complex topics into actionable recommendations for decision-making and, where necessary, be willing to embrace conflict and difficult issues in a professional, assertive and proactive manner.
  • Work effectively with employees and key stakeholders in all areas of the company and at all levels.
  • Maintain your independence; know when to say "No," and when to say "Yes."
  • Find innovative solutions to complex problems while balancing risk, speed, and accuracy and embracing pace over perfection.
  • Think critically and strategically through business issues while performing tactical tasks including operational and regulatory risks assessments.
  • Participate in industry and agency groups to keep your knowledge up to date and represent the interests of our organization.
  • Get things done. We need someone who is a self-starter, who can meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in a fast-paced, changing environment.

If this sounds like you, here are some additional experience and qualifications that we're looking for:
  • Managerial experience, particularly in a compliance department, including maintaining policies and procedures; overseeing compliance risk assessment processes; implementing compliance training programs; and monitoring and remediating potential violations of policy or law.
  • Demonstrated compliance and operations experience with a financial services organization.
  • Familiarity with and knowledge of the securities industry, from a product, corporate governance, compliance and administrative perspective including knowledge of Federal Securities laws and regulations, especially the Investment Advisers Act of 1940 and related rules.
  • Experience and knowledge of SEC, FINRA, state securities and firm-specific rules and regulations.
  • An undergraduate degree and a minimum of 5 years of relevant experience (including at least 3 years in a leadership position).
  • FINRA Series 7, 24 and 65/66 licenses preferred. Bonus points for Series 27!