Department: M Holdings Securities
Reports to: Vice President, Regulatory & Governance Affairs
FLSA Status: Exempt
The Chief Risk & Compliance Officer is responsible for developing, implementing and administering all the compliance and risk management programs of M Holdings Securities, Inc. (“M Securities”) and M Financial Securities Marketing, Inc. (“MFSM”). He/she will lead cross functional teams responsible for assuring compliance with FINRA, SEC and state regulations governing broker/dealers and investment advisors. The Chief Risk & Compliance Officer will conduct and oversee training, compliance and supervision of associated persons, advise senior management and personnel of emerging compliance issues and consult and advise M Securities and MFSM in establishing controls to mitigate risks.
Oversee regulatory developments for M Securities and MFSM to assure that requirements are met on an ongoing basis
Review retail communications of M Securities and MFSM and establish and oversee review procedures for other business units of M Financial Group, from a compliance perspective
Remain knowledgeable with respect to available technologies and procedures to facilitate efficient and effective performance of supervisory and compliance responsibilities
Keep current with Federal and state laws and regulations and assist with updating policies and procedures for M Securities and MFSM
Conduct due diligence, as needed, on business issues that impact the overall compliance programs of M Securities and MFSM
Supervise and conduct audits and testing of branch offices of M Securities in their compliance of written policies and procedures
Investigate complex issues and customer complaints, as needed, and assist in resolution of issues
Train and mentor risk management team members on effective interaction techniques with Member Firms of M Financial Group to help ensure a consistent message
Assist with the development and implementation of compliance training and continuing education for M Securities, MFSM internal teams, and Member Firm staff
Act as a consultant to Member Firms, coaching and advising on compliance issues and best practices
Manage and participate in the due diligence process relating to potential new products or product sponsors, ensuring that appropriate procedures are carried out and documented
Assure required branch office audits are scheduled and conducted in accordance with regulations and prudent practices, as well as directly conduct audits and testing of branch offices of M Securities in their compliance with applicable policies and procedures
Provide support and direction to compliance staff and work with legal counsel in dealing with regulatory agencies
Assist with regulatory audits by FINRA, SEC, and state insurance and securities regulators, as needed, and act as lead contact point with regulatory personnel
Impact and Influence
Drive and Initiative
Teamwork and Cooperation
Four year degree or equivalent experience. MBA or JD preferred.
FINRA Series 7, 24, 63 and 65 or 66 licenses
Life insurance license
Ten years of related, progressively responsible work experience, including five years’ experience at management level. Experience in the practice of securities law is desirable.
Excellent oral and written communication skills
Excellent presentation, interpersonal and negotiation skills
Excellent ability to establish and maintain relationships with Member Firms of M Financial Group, vendors, senior M Financial management and M Securities Advisory Board.
Demonstrated leadership ability and proven management skills with respect to professional-level staff
Well-developed computer skills, including the use of MS Word, Excel, PowerPoint, Internet and database management programs
Job Conditions and Environment:
Normal office environment/desk assignment
Extensive use of PC, monitor, keyboard