Manager & CCO, RIA

What you can expect as the Manager & CCO, RIA:

Advise key partners on best practices and strategies to achieve optimum confidence in compliance matters and assist key partners in solving and/or eliminating regulatory questions and/or risks. Responsible for Registered Investment Advisor (RIA) compliance with policies and government/industry regulations including identifying and assessing compliance risks of the RIAs, implementing effective policies and procedures and creating policies and procedures that address and manage compliance risk. Ensure reporting complies with regulatory requirements as well as internal policies and procedures. Lead, coach and develop team members in support of the business objectives. Responsible for people leadership accountabilities such as performance reviews, incentive planning, time management approvals, etc.

• Provide compliance oversight of RIA operational policies and procedures in accordance with the requirements as outlined by the Investment Advisers Act of 1940.
• Lead, coach and develop team members to provide efficient, compliant and high-quality service to our customers in support of the business objectives.
• Provide updates to stakeholders on recent regulatory events and conduct basic regulatory research for stakeholders on both the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
• Establish team objectives that align with departmental, divisional and Sammons Financial Group initiatives. Ensure objectives are compelling and transparent to drive understanding, ownership and commitment from the team members. Goals and targets should be continuously evaluated and adjusted to ensure a culture of high performance and engagement is maintained within the team.
• Update and maintain Form ADV disclosures for RIA and file such forms as required with the SEC.
• Serve as the RIA appointed SEC regulatory liaison, managing regulatory audits and exams.
• Contribute to the overall strategic vision for the compliance functional area to effectively manage and mitigate risk, establish proper controls, support business initiatives and protect the company from legal and regulatory risk.
• Drive individual and team performance to meet department objectives while continuously driving for efficiency gains and improvement to overall ease of doing business for our stakeholders
• Attract and retain top talent by identifying high-potential employees and providing opportunities to develop their skills and expand their circle of influence in Sammons Financial Group.
• Oversee the creation, implementation and enhancement of compliance oversight of RIA operational policies and procedures; periodically test risk areas to ensure proper policies and procedures are in place; create and implement remediation plan if necessary.
• Handle all compliance reviews, issues and/or concerns to minimize company exposure.
• Oversee advertising and marketing material review for proper disclosures.
• Oversee personal securities transactions.
• Proactively collaborate with other departments as needed to ensure compliance issues are addressed, investigated and resolved.
• Participate in annual compliance events or more frequent events if necessary.
• Collaborate with other department leaders and employees throughout Sammons Financial Group.
• Accountable for driving and adhering to Company employee programs to reinforce employee performance and development, including incentive plans and annual merit reviews. Coach and communicate necessary correction plans for underperforming employees.
• Drive and reinforce commitment to internal controls processes such as those under Model Audit Rule and Record Information Management.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.

What we are looking for:

• Juris Doctorate Degree from an ABA accredited law school preferred
• Minimum 6 years' relevant work experience preferred
• Broker-dealer compliance experience preferred
• Experience interacting with federal and state regulators (e.g. FINRA, SEC and NFA) preferred
• Knowledge or experience working in financial services and/or other regulated environment required
• Knowledge of securities regulations (e.g. state, federal and FINRA) impacting variable life, fixed and variable annuity products required
• Knowledge of FINRA Rules, investment products and sales practices and the following Acts: Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933 and Securities Exchange Act of 1934 preferred
• Demonstrated ability to develop compliance systems and strategies for effective supervision
• Exhibit the ability to build and maintain ongoing key relationships with regulatory personnel as well as industry contacts and business partners
• Proven ability to independently work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment; providing timely analysis and responses to requests in a rapidly changing environment
• Strong, influential leadership skills
• Excellent problem solving and negotiation skills with high attention to detail
• Possesses a passion to help team members, advisors and clients
• Strong process and planning orientation and organization
• Demonstrated ability to coach and develop team members
• Must maintain client confidentiality; demonstrate integrity and code of ethics
• Accountable, adaptable and flexible
• Superior time management and efficiency
• Strong verbal and written communication skills
• High level of team orientation; strong interpersonal communication skills
• Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group Companies to notify you that, as a routine part of processing this application for employment, Sammons Financial Group may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records
• FINRA regulations require fingerprinting for this position. Management reserves the right to determine and approve incumbent suitability for this position.
• This role will be subject to a SEC compliance program, which can include monitoring personal securities transactions, restrictions on outside business activities, as well as other oversight and restrictions.

Licenses and Certifications:

• A member in good standing of the Iowa Bar (or admission to and in good standing with another bar enabling reciprocity and admission into the Iowa Bar) required if incumbent holds a Juris Doctorate Degree

• Pay Range for Manager & CCO, RIA: $80,638- $186,662. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary is dependent on candidate qualifications and experience. For a narrower salary range specific to your labor market, please inquire.
• Sammons Financial Group offers incentive programs for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.

Sammons Financial Group Companies offers some of today's most sought after life insurance, annuity, retirement planning products and portfolio-management solutions. Unlike most financial organizations, our companies are not publicly traded, which means we're focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity.

What you can expect when you join Sammons Financial Group:

• A casual dress code (yep - that means jeans!)
• A company you want to be a part of, driven by inspiring leaders and a fun, friendly work environment.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our competitive benefit package includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• A generous retirement program. Our Employee Stock Ownership Plan (ESOP) is a 100% company funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• A company that celebrates diversity, is committed to inclusion, and is proud to be an Equal Opportunity Employer. We comply with all federal and state equal employment opportunity laws and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other characteristic protected by federal, state or local law.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)