Posted Thursday, September 19, 2024 at 5:00 AM
Our Story
Founded in 2008, Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of “well-th. rebalanced.” Based in Chicago with advisors across the U.S., we operate as a registered investment advisor (RIA).
Your Future Team
Hightower’s Compliance Department strives to provide industry-leading support to our advisor teams. We are passionate about serving as collaborators within all facets of the organization and focus on developing strategies that are effective for advisors, their clients, and other mid and back-office departments, while following the spirit of the regulation.
You will report to the Chief Compliance Officer and be self-directed and self-motivated. To be successful in this role, you have a second-line audit and testing program development skills, an understanding of registered investment adviser and broker dealer regulations and compliance requirements.
What You’ll Do
- Develop, implement and execute comprehensive second-line audit and ongoing testing programs for advisor team and corporate department operations, ensuring adherence to regulatory standards and internal policies.
- Build, lead and manage a Compliance Review Team, providing guidance and development to staff.
- Travel to advisor team offices throughout the United States to conduct on-site reviews.
- Partner with the Head of Field Supervision to ensure the supervisory inspections and wellness visits performed by the Field Supervision Team are complementary to and informed by the Review Team’s audit visits.
- Conduct risk assessments and identify areas for improvement.
- Participate with regulatory audits by FINRA, SEC, and state insurance and securities regulators.
- Collaborate with the Compliance Department leadership to improve the supervisory framework.
- Collaborate with advisor team and corporate department management to implement corrective actions and improvements, monitoring the effectiveness of implemented changes.
- Escalate with the appropriate sense of urgency to the Chief Compliance Officer.
- Stay updated on industry trends, regulatory changes, and best practices.
- Prepare detailed reports and present findings to senior management.
- Maintain and create compliance desk procedures.
- Work with and support personnel at all levels of our various departments.
- Support the Compliance Department with different projects.
- Foster a positive compliance culture.
What You’ll Bring
- Meticulous attention to detail, motivated by excellence.
- Exceptional critical thinking and communication skills, ability to educate – not dictate.
- Bachelor’s degree in Accounting, Finance, Law, or a related field.
- 10+ years of professional experience in a compliance role working for a registered investment advisor and broker dealer, including experience developing second-line audit and testing programs, with at least 3 years in a leadership role.
- Effective at prioritization of workload while producing high-quality work.
- Ability to analyze issues and requirements with the critical process understanding of business practices and possible effects, and assist with the continued refinement of a supervisory control framework.
- Responsive and proactive, able to oversee tasks from start to finish.
- Ability to take initiative and work independently with minimal supervision, while being equally comfortable working collaboratively.
- Experience with SEC, FINRA state-specific, and other rules and regulations as they relate to Hightower’s business model.
- Strong organization and project management skills.
- Series 7 and 24 securities licenses.
What We Offer
- Coverage on the first day of employment for medical, dental, and vision insurance.
- Paid parental leave (16 weeks for primary caregiver and 8 weeks for secondary caregiver).
- Mother’s lounge onsite.
- Flexible PTO plan.
- Free brand-new gym in the Chicago office.
- 401k matching plan.
- HSA employer contributions.
- Student loan assistance.
- Pet Insurance.
AN EQUAL OPPORTUNITY EMPLOYER: Hightower is an equal opportunity employer and does not discriminate based upon race, color, religion, sex, sexual orientation, pregnancy, marital status, national origin, citizenship, veteran status, ancestry, age (over 40), physical or mental disability, medical condition (cancer-related), gender identity or expression, genetic information including sickle cell or hemoglobin C trait, or any other consideration made unlawful by applicable federal, state, or local law.
You are a U.S. citizen, U.S. permanent resident or possess other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.
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