Position Description
Title: Chief Compliance Officer & Operations Manager
Status: Full-Time / On-site in Annapolis, MD
Date: July 22nd, 2024
Job Summary
Scarborough Capital Management is an independent wealth management firm located in Annapolis, Maryland that provides active investment management and financial advisory services for approximately 4,000 clients around the country. We have an immediate opening for a compliance professional to take on the role of CCO for the organization and assist in the day-to-day running of the organization.
Scarborough Capital is an independent RIA with a broker/dealer affiliation.
Duties and Responsibilities
- Assume the responsibility of CCO from an outsourced compliance consulting firm, working with them to transition their services to their CCO support model.
- Develop, implement, and enforce compliance policies and procedures, ensuring they are always up to date with current, new, or amended laws and regulations; lead programs including annual firm compliance reviews and employee compliance training programs.
- Be the main point of contact for all compliance and regulatory inquiries.
- Oversee the daily operations of the business and improve procedures and processes.
- Lead and motivate staff, mentoring employees.
- Coordinate recruitment and hiring for open staff positions.
- Establish policies to improve company culture.
- Collaborate with the firm's partners and become part of the management team to find strategies to improve the company’s performance.
- Implement and enforce the Code of Ethics.
- Conduct compliance reviews of all marketing materials and client communications.
- Provide primary oversight and supervision of the Investment Advisers Act of 1940 and any rules adopted by the SEC under the Act, to prevent violations by the firm.
- Coordinate with the firm’s IT staff to oversee and monitor the effectiveness of cyber-fraud defensive measures.
- Annually file and amend the firm's ADV to ensure compliance with SEC filing requirements.
- Work closely with the broker/dealer’s compliance department.
- Supervise all securities transactions of the firm including mutual funds, ETFs, annuities, REITs, insurance products, etc.
- Responsible for licensing of the IARs for both securities and variable annuities in most states.
Qualifications
- 5-10 years of experience working in Compliance/Supervision of the securities industry.
- Series 7, 65/66, 24 (a plus).
- Bachelor’s Degree in a business-related major.
- Detail-oriented, accurate, organized, and able to set priorities.
- Strong communication skills.
- Team player.
- Desire and ability to work successfully in a small company environment.
Salary and Benefits
Pay and benefits are competitive based on industry standards.
- Salary will be commensurate with experience and is negotiable.
- Benefits include dental, vision, health care, life insurance, 401(k), and 401(k) matching.
- Partial and/or full financial support for professional accreditation/continuing education requirements and other education/training opportunities.
Scarborough Capital Management is an Equal Opportunity Employer.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Paid time off
- Retirement plan
Physical Setting:
Schedule:
Experience:
- Microsoft PowerPoint: 1 year (Preferred)
Work Location: In person
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