Compliance Director

Company: Hightower
Location: Chicago
Posted on: September 21, 2023

Job Description:

200 W Madison St, Chicago, IL 60606, USA Req #828 Wednesday, August 16, 2023 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). Our commitment to our culture is demonstrated every day through the Hightower Way. By joining Hightower, you will build a community of inclusive relationships, take proactive ownership, embrace others' perspectives, and have an uncompromising dedication to excellence. Your Future Team Hightower's Compliance Department strives to provide industry-leading support to multiple subsidiaries of Hightower Holding, LLC. We are passionate about serving as collaborators within all facets of the organization and focus on developing processes for advisors, their clients, and other mid and back-office departments while following the spirit of the regulation. What You'll Do We are looking for a Compliance Director with strong communication skills and a problem-solving mindset. You will be a valued member of the Department, working with tenured professionals to ensure our and Department's goals, mission, and values are met and upheld. You can perform at a high level under variable workloads.

• Serve as a Hightower brand ambassador by upholding The Hightower Way cultural elements - Mission, Purpose, V.A.L.U.E. Experience, Commitment, and Standards, promoting excellence in the internal and external client experience during every encounter
• Improve consistency in every client and colleague encounter by embodying the core principles of our Hightower V.A.L.U.E. Experience (Validate, Actively Listen, Leverage Resources, Understand Ownership, Express Gratitude)
• Partner with cross-discipline team members to support collaboration and promote a positive client experience
• Prepare different regulatory filings.
• Perform OFAC, AML, FinCEN, TRACE, CAT, and Option Trade reviews (as licenses permit).
• Help own several daily Departmental functions such as practice and new hire onboardings, investment advisor representative and registered representatives U4 and U5 functions, preparation, and maintenance of ADV Part 2B disclosure documents, our proxy voting process, and code of ethics-related reviews.
• Conduct due diligence reviews of onboarding practices together with the Department's senior leadership, managing up, issue spotting, and proposing solutions.
• Be a partner in the implementation of our compliance program including taking ownership of relevant documentation, training, and back-end processes.
• Foster a culture of compliance by promoting awareness and understanding of regulatory requirements.
• Investigate and respond to compliance-related incidents.
• Perform regulatory analysis.
• Monitor changes in the regulatory landscape and industry trends.
• Support the compliance program functions of Hightower's sister RIA, Madison Avenue.
• Work with and support personnel at all levels of our multiple departments.
• Support the Compliance Department with several projects. What You'll Bring
  • 5+ years of compliance experience working for a registered investment advisor or a combination of experience with a broker-dealer.
  • Licensing
    • Minimum Required: FINRA Series 7 and 24 or ability to obtain within one year.
    • Strongly Preferred: Investment Adviser Certified Compliance Professional or similiar designation; Series 4, 9/10, 27, 53, 66, 65 or some combination thereof or ability to obtain a combination thereof within one year.
    • Bachelor's degree or equivalent experience.
    • Excellent knowledge of FINRA and SEC Rules as they relate to Hightower's business model (MSRB optional but preferred).
    • Advanced skills in Office and related applications (PowerPoint, Word, Excel, Adobe). 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)
      • Flexible PTO Plan
      • Hybrid Model Work Schedule (50% in office)
      • 401k Matching Plan
      • HSA Employer Contributions
      • Student Loan Assistance
      • Pet Insurance
      • We commit to a transparent, people-first environment where talent is maximized through our diverse, equitable and inclusive community
      • We nurture a spirit of belonging, are energized by challenges, celebrate our successes, and achieve individual and collective well-th goals 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.
        • 200 W Madison St, Chicago, IL 60606, USA
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Keywords: Hightower, Chicago , Compliance Director, Executive , Chicago, Illinois