Compliance Officer

Role Description

The Compliance Officer is an integral part of the Compliance team’s mission to conduct Moors & Cabot business consistent with the highest standards of commercial honor and just and equitable principles of trade. Occupied by a dependable individual with poise, attention to detail, and leadership abilities, this position is impactful not only in the compliance department but across the firm as they interact with all business units on a consistent basis. As a boutique wealth management firm, this position exemplifies all of our core values - Integrity, Initiative, Service is Personal, One Team, and Communication - as this position has a vast range of compliance related responsibilities in which the Compliance Officer’s scope of knowledge, communication, teamwork, collaboration, and integrity is paramount to its success.

This full-time role reports to the Chief Compliance Officer. Working hours are Monday - Friday 8:30 AM to 5:00 PM EST. The position is based in the Boston branch office.

Role Responsibilities

General Responsibilities (80%)

• Promote, protect, and set the tone to reflect the Company’s reputation for ethics, integrity, and honesty in all dealings

• Advise and manage a broad spectrum of regulatory obligations and restrictions encompassing business initiatives and product approvals

• Investigate potential violation of industry and firm policies, procedures, and best practices from start to finish, as warranted

• Assist Chief Compliance Officer with regulatory exams, audits, branch audits, and information requests

• Maintain a thorough and up-to-date understanding of applicable regulations and rule proposals impacting the Firm's business activities and communicate, as needed, to executive management team and financial advisors

• Review and approve advertising, sales literature, public speaking requests, and website and social media content

• Write, update, communicate, and enforce yearly compliance policies and written supervisory procedures

• Serve as Master Account Administrator and Compliance Contact for MSRB

• Respond to state registration inquiries

• Create 13F quarterly reports

• Serve as STC and SMARSH main point of contact and account administrator for regular reporting

• Review and approve New Issues, Secondary Offerings, Annuity, Direct Participation, and Direct Business

• Formulate, review, and update Business Continuity Plans and Privacy Policy annually

• Conduct annual 3120-3130 Supervisory and Controls testing

• Perform firm element training and needs analysis and administer Firm Element Training

• Be an active member of the AML Committee & Best Execution Committee

• Help maintain a consultative compliance department

Entity/Specialty Responsibilities (20%)

For Orange Futures and Commodities:

• Serve as primary compliance contact for Commodity Business

• Conduct, implement, and monitor training regarding cybersecurity testing, ethics, and AML

• Perform annual audit of commodities business unit

• Complete annual Vendor Risk Assessment and NFA renewals

For Direct Investments (i.e. Tax-Shelters):

• Review, monitor, and approve all deal agreements

Key Measurements

• Effectiveness in enacting and enforcing compliance policies and procedures firm-wide

• Thoroughness and accuracy of assigned tasks both firm-wide and within specialities

• Accomplishment of annual organizational, team and personal goals as communicated by management

• Ability to create and maintain positive working relationships with colleagues and provide consultative compliance support

Minimum Requirements

• Minimum 5 years of experience in a regulatory compliance or branch supervisory function for a broker dealer and/or investment advisor

• Bachelor’s degree in a business related field

• Series 7, 66 (or 63 and 65), 24

• Proven ability to multitask, work well under pressure, and make independent decisions

• 10% domestic travel for branch exams and industry conferences; experience with branch exams required

• Competent in the following knowledge areas, skills, and abilities
  

  • Critical & Analytical Thinking

  • Inductive & Deductive Reasoning

  • Reading & Writing Comprehension

  • Active Listening

  • Performance Monitoring

  • Persuasion & Negotiation

  • Knowledge of Securities Regulation and Investment Advisory

  • Social Perceptiveness

  • Empathy

  • Training & Instruction

  • Customer Service

  • Time Management

  • Finance

  • Clerical & Administrative Work
    

PREFERRED QUALIFICATIONS

• Experience using DocuSign, Adobe Acrobat, Bridger, Red Oak, Red Ed, Smarsh, and LinkedIn

• FINRA Series 3