Investment Advisory Senior Compliance Officer

D.A. Davidson Companies is an independent, employee-owned company with a rich history spanning more than 80 years. We are dedicated to conducting our business in accordance with the highest standards of integrity and ethics, and delivering outstanding service to our clients and each other. We support a friendly, open and supportive culture, and encourage candid communication and productive engagement that make our companies and each of us better. Just as we work to improve our clients’ financial well-being, we also work to strengthen local communities—and giving back is one of our core values. You can learn more about our company culture and impact in our latest annual report.

D.A. Davidson & Co. is a leading financial services firm providing wealth management, financial planning, investment banking, and public finance services to a client base that includes individuals, corporations, institutional clients, and governments. The firm has operations across the United States.

We are a seeking an Investment Advisor (“IA”) Compliance Officer or Senior Compliance Officer for a leadership role in the administration of D.A. Davidson’s Investment Adviser Compliance Program. A successful candidate will provide leadership and execute on Compliance Department and Firm initiatives and ensure adherence with investment advisory rules and regulations. 

Summary/Function:

The IA Compliance Officer/Senior Compliance Officer will support the Chief Compliance Officer and Deputy Chief Compliance Officer – Wealth Management in all aspects of the Firm’s investment adviser compliance program. The role requires extensive knowledge of establishing and testing internal controls as they relate to the investment advisory services offered by D. A. Davidson. This role will work closely with business line managers, Marketing and Investment Advisory Supervision, Operations, Legal, Compliance, regulators, and internal and external auditors as needed.  

Qualifications:

•Bachelor’s degree in business management, Finance, Economics, or similar endeavor.

•Significant knowledge of concepts, practices, and procedures of the securities industry, particularly the investment advisory business in a dually registered broker dealer/registered investment adviser

•5+ years of progressively responsible, investment advisory compliance related work experience preferred.

•Series 7, 63 and 65, or 66, licenses. Series 24 or 9/10 required or the ability to obtain within 6 months of employment.

•Excellent presentation, training and education skills with strong interpersonal skills and the ability to establish and maintain effective working relationships with peers, senior management and strategic partners.

•Experience and aptitude for understanding business ethics and complex securities laws, rules and regulations, including but not limited to the Investment Advisers Act of 1940, SEC, FINRA and MSRB rules, and the Securities Exchange Act of 1933.

•Strong experience in various software, applications including but not limited MS Office applications and financial industry applications and platforms (e.g., Envestnet, ProSurv, Thomson Reuters, and Refinitiv/BETA) a plus.

•Project management experience and a proven ability to track, prioritize, and execute project tasks and well as provide status updates. PMP, PMI or related certifications is desired but not required.

•Detail-oriented and capable of working with a high level of accuracy.

•Ability to articulate company and regulatory standards to all levels of the organization.  

•Ability to work cohesively with others in organizing projects, and in developing processes and addressing areas of risk. 

•Ability to handle confidential information and matters with discretion.

•Ability to work independently and in pressure situations with limited direction.

•Sound judgment, initiative and good decision-making and organizational skills.

•Ability to independently handle multiple tasks and complete within a timely manner.  

Duties:

•Manage and implement the IA compliance program for D.A. Davidson including leading and/or delegating completion of risk assessments and control testing for critical areas and processes as part of the annual compliance review.

•Scope, test, prepare and issue reports to senior management and work with compliance staff, assigned managers and process owners on necessary follow-up and remediation actions to address deficiencies found in focused reviews and annual reviews.

•Prepare and file regulatory forms/reports, including but not limited to ADV Part I, ADV Part 2A: Firm Brochure, ADV Part 2A: Wrap Fee Brochure; and ADV Part 3 (Form CRS).  

•Manage and develop the knowledge and expertise to one or more direct report Investment Advisory Compliance Analysts. 

•Assist compliance staff in responding to regulatory inquiries and examinations. 

•Identify and research new rules, regulations, and laws that impact the investment advisory business of D.A. Davidson and work with compliance staff, assigned managers and process owners on the modification of policies/procedures and surveillance systems to address any changes.

•Support the development and administration of the investment adviser written policies and procedures manual and code of ethics, including drafting periodic updates in collaboration with responsible parties, issuing reminders, and providing ongoing interpretive guidance to business partners.

•Participate in and/or lead projects impacting the investment adviser while collaborating with business units and other departments on company-wide initiatives.

•Coordinate with business line managers and supervisory personnel on existing and proposed products and services.

•Provide advice and guidance to Marketing Supervision with respect to the review of marketing materials, advertisements, brochures, etc.; ensure approved templates and materials are in compliance with applicable regulations, rules, and/or regulatory requirements.

•Participate as the compliance representative on various committees and working groups impacting the investment adviser.

•Perform other duties and special projects that may be necessary as assigned.

What we offer:

Competitive salary plus excellent benefits and perks including, but not limited to:  

•Medical, Dental and Vision

•Company 401(k)and ESOP contribution 

•Generous sick, vacation, and maternity/parental leave

•Paid holidays

•Professional Development Opportunities

•Tuition Reimbursement ($15,000 lifetime cap)

•Discounted personal insurance including home, auto and recreational vehicles. 

•Charitable gift-matching program

•Davidson Day of Giving – Our tradition of positively impacting communities in which we live and work.  

The potential base pay hiring range for this role is $90,000 - $125,000. The compensation offered will be determined on a case-by-case basis considering a variety of factors including, but not limited to, the skills, relevant work experience, and geographic location of each specific candidate. This role is eligible to participate in applicable D.A. Davidson variable compensation programs. 

At D.A. Davidson, we are committed to fostering a diverse environment that supports the development and inclusivity of all employees.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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