VP, Compliance Services

Company: Kestra Financial
Location: Austin
Posted on: January 27, 2023

Job Description:

ABOUT US:

Come join the dynamic team at Kestra Financial! Kestra Financial provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency. Kestra Financial supports independent financial advisors in delivering comprehensive securities and investment advisory services to their clients.

THE ROLE:

This senior compliance position will report to the Chief Compliance Officer and will act as a resource and subject matter expert for business units on all issues relating to Licensing and Registrations, Advertising, Branch Examinations, Anti Money Laundering, and Surveillance. The candidate will have primary responsibility for the continued development and enhancement of the firm's advisor facing compliance program and will work closely with the Chief Compliance Officer, directors of each unit within the Compliance Department, and business unit leaders to integrate compliance protocols into the Firm's operations to ensure the firm, its personnel and its representatives comply with applicable federal, state and self-regulatory (FINRA) laws, rules regulations. The position is responsible for providing a culture of compliance balanced with a service first attitude, creating success for Advisors and the firm.

ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, individual must be able to perform each essential duty satisfactorily.

• Oversee four distinct compliance teams while providing leadership and oversight of identified compliance risks
• Partner with all functional areas of the firm in the evaluation of appropriate scenarios and provide objective advice on potential actions and strategies to address risk
• Further develop, recommend and administer the risk management, policies, processes and systems for Licensing and Registrations, Advertising, Branch Examinations, Anti Money Laundering, and Surveillance to ensure that the organization operates within identified risk parameters via the organization's strategic risk appetite
• Work in conjunction with peers to identify and minimize the organization's total risk exposure
• Ensure continued adherence to the services standards set forth by the firm
• Serve as a Compliance resource to Management, Producers and other departments as needed.
• Creates a positive team culture through achievement of results, teamwork, development, accountability, competency and professionalism.
• Performs additional projects and tasks as assigned.
  
  KNOWLEDGE, SKILLS, AND/OR ABILITIES: To perform this job successfully, the individual should have the following skills and abilities.
  
  • Strong focus on risk reduction across the enterprise including:
    • Regulatory risk
    • Reputation risk
    • Investment Product risk
    • Operational risk
    • Strong working knowledge of FINRA rules and SEC regulations governing retail broker/dealers and registered investment advisers.
    • Extensive knowledge of all FINRA, SEC, rules, and regulations.
    • Capable of coordinating multiple projects/assignments and completing tasks timely and accurately.
    • Attentive to detail with excellent verbal and written communication skills and the ability to convey information to internal and external stakeholders in a clear, focused, and concise manner.
    • Commitment to promoting the compliance culture of Kestra through professionalism, accountability, teamwork, and client focus.
    • Analytic Skills - Strong quantitative and analytical skills general knowledge of risk management practices.
    • Successful use of technology as a tool to implement policies as well as inform and educate managers on responsibilities and success/progress.
    • Supervisory or management experience over multiple personnel
    • Leadership Capabilities - Having the confidence to develop the most talented people; resilient, learns from mistakes, and complements self with talent in areas of weakness.
    • Skilled communicator and learner - Open to other perspectives, approachable, personable. Uses facts and analysis to streamline and simplify the work. Listens and proactively communicates with peers and other senior executives/leaders in the organization.
    • Develop & Leverage Relationships - Demonstrates the ability to collaborate with others, be a team player and build business relationships with peers and other senior executives/leaders. Shares information and is transparent.
    • Sound Judgment - Makes decisions that balance a variety of factors (e.g., cost, risk, short-term versus long-term impact) to achieve an optimal outcome in compliance with applicable laws, regulations, and rules. Recommends appropriate strategies for identifying and managing risks.
      
      SUPERVISORY RESPONSIBILITIES:
      
      This role has 4 direct reports: AVP of Compliance & AML, Director of Compliance Advertising, Surveillance Director, and AVP of Licensing & Registration.
      
      EDUCATION AND/OR EXPERIENCE:
      
      • Bachelor's degree required
      • Minimum of 5 years of relevant compliance industry experience at a financial services company or equivalent regulatory experience
      • Advanced or Legal degree preferred
      • Regulatory experience preferred
        
        CERTIFICATES, LICENSES, REGISTRATION:
        
        • Series 7 and 24 required
        • Series 65 or 66 preferred
          
          This role is based in Austin, TX. The successful candidate must be able to work in the office during scheduled work hours. Applicants must be currently authorized to work in the United States for any employer.
          
          BENEFITS
          
          Full health, vision, dental. 401(k) plans along with a host of voluntary plans such as car insurance, legal services and more.
          
          DISCLOSURE
          
          By applying to a job at Kestra Financial, Inc., you are agreeing to the following statements:
          
          • You acknowledge that if hired, Kestra Financial, Inc. may, obtain and use background information concerning your credit, character, general reputation, personal characteristics, work habits, performance and experience for evaluation for your potential employment.
          • It is the policy of Kestra Financial to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender, identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law. Kestra Financial prohibits any such discrimination or harassment.

Keywords: Kestra Financial, Austin , VP, Compliance Services, Executive , Austin, Texas