Senior Compliance Officer

JOB OVERVIEW

The Senior Compliance Officer reports directly to the Risk and Compliance Operations Officer and plays a pivotal role in ensuring the firm's adherence to external regulatory requirements and internal compliance policies. This position oversees the management of both internal and external compliance and risk obligations. This role is part of the Risk and Compliance leadership team.

RESPONSIBILITIES & DUTIES

• Manages the regular review and updating of the firm’s Written Supervisory Procedures (WSPs) to ensure alignment with regulatory requirements and industry best practices.

• Assists Risk and Compliance Management in preparing and maintaining supervisory reports in compliance with WSPs and books and records retention requirements.

• Executes on a variety of recurring compliance and risk operational functions such as regulatory filings, new hire coordination, vendor management, and policies and procedures management.

• Supports the management of the firm’s Anti-Money Laundering (AML) program, including periodic account reviews, transaction monitoring, and adherence to regulatory obligations.

• Contributes to the development and execution of the firm’s compliance training programs, including Firm Element and AML training, to ensure employees remain informed of regulatory standards and internal policies.

• Stays informed of changing regulations, laws, and industry trends, proactively recommending updates to the firm’s compliance framework as needed.

• Identifies potential compliance issues, investigate root causes, and provide actionable recommendations to mitigate risks or implement corrective actions.

• Maintains thorough and organized documentation of compliance activities, such as customer complaints, investigation findings, and corrective measures implemented.

• Provides ongoing education and clear guidance to employees regarding the firm’s compliance policies, procedures, and regulatory responsibilities.

• Manages the firm’s annual compliance calendar, ensuring all regulatory and risk deadlines and internal compliance obligations are met efficiently and on time.

• Conducts or assists in oversight of trade blotters, email communications, social media activity, and other supervisory activities as needed.

• Serves as a resource for associates by providing timely and accurate guidance on compliance-related questions or concerns.

• Collaborates with the CCO and other departments to respond to regulatory requests, coordinate audits, and implement compliance initiatives across the organization.

• Travels to various locations, both within our organization and externally, may be required depending on role and responsibilities.

• Performs additional compliance responsibilities or special projects as assigned, contributing to the firm’s evolving regulatory and operational needs.

QUALIFICATIONS

• Minimum Experience: At least 5-7 years of progressive experience in brokerage industry compliance, risk or supervisory roles, with a proven ability to manage risk or regulatory obligations and supervisory controls effectively.

• Education: Bachelor’s degree in business administration, finance, law, or a related field is required.

• Regulatory Knowledge: Deep understanding of FINRA, SEC, and state regulatory requirements or financial risk concepts and practices related to credit, counterparty or exposure monitoring, with demonstrated experience interpreting and applying these rules to broker-dealer operations.

• Product Expertise: Comprehensive knowledge of financial products, including equities, mutual funds, bonds, options, and alternative investments.

• Industry Insight: Extensive working knowledge of the brokerage and investment advisory business, including the regulatory environment, operational processes, and services related to the industry.

• Specialized Experience: Prior experience working within a self-clearing or correspondent clearing environment serving introducing broker dealers or registered investment advisor intermediary clients

PROFESSIONAL CERTIFICATIONS

• FINRA Series 7, 24, and 63 securities licenses.

• Series 4, 14, 51 or 53 securities licenses preferred.

• If you do not already have a Securities license relevant to your role at Innovayte, you may be required to take and pass the Securities Industries Essentials exam provided by FINRA.  In addition, based on your role responsibilities, you may also be required to pass additional Securities Industry exams to allow you to operate in your role and be compliant with FINRA and the SEC requirements.   These licenses, when required, need to be obtained within certain specific time frames, typically 120 calendar days. 

TECHNICAL SKILLS

To be successful in this role, you should have experience with and an understanding of the following:

• Proficiency in compliance tools and software systems such as FIS and Lexis Nexis.

• Advanced skills in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook).

• Familiarity with surveillance and monitoring tools, regulatory reporting systems, and CRM platforms.

• Various Fintech offerings (FIS, Hadrius, Smarsh, Protegent, others) required

CULTURAL COMPETENCIES

Innovayte is dedicated to building an environment where each team member can thrive, contribute meaningfully, and grow professionally and personally. We believe that our core values—rooted in

• respect,

• empowerment,

• innovation,

• integrity,

• trust, and

• accountability

are essential to achieving our mission. These values guide us in everything we do, from daily interactions to strategic decisions. We’re looking for individuals who not only share these principles but are excited to bring them to life in meaningful ways.

In addition to our core company competencies of Cultivates Innovation, Nimble Learning, Action Oriented, Collaborates, and Being Resilient, a successful candidate in this role should exhibit the following behavioral competencies:

• Business Insight

• Collaborates

• Directs Work

• Instills Trust

PHYSICAL DEMANDS/WORK ENVIRONMENT

This job operates in a professional office environment, which may include a corporate office setting or a remote/home office environment, and routinely uses standard office equipment and technology such as computers, phones, printers, and video conferencing tools. While performing the duties of this job, the associate is regularly required to communicate effectively, including speaking, hearing, and participating in virtual meetings on camera. The associate is frequently required to sit for extended periods of time, as well as occasionally stand, walk, use hands and fingers, and reach with hands and arms. This job may require the ability to lift files or office materials, open filing cabinets, and bend or stand on a stool as necessary. Remote associates are expected to maintain a safe, secure, and productive work environment with reliable internet access.

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.

Equity Trust Company is an equal opportunity at will employer and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin.