Chief Compliance Officer (CCO) recruitment

The CCO is responsible for the creation and administration of compliance programs for the entire advisory complex.   The CCO will direct, develop, implement, and maintain written policies and procedures governing all compliance activities for the advisor and its funds to comply with various Federal and State Securities Laws; act as the primary contact for internal and regulatory examiners; coordinate compliance activities with CNB and non-bank affiliates; and monitor the activities of the sub-advisers and other service providers. This colleague will manage CNR’s compliance colleagues. Performs other duties as requested by the Chief Compliance Officer of Wealth Management, the CEO of CNR and the various fund Boards.

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Specific Accountabilities

Mutual Fund Activities

1.      Provides quarterly and annual reporting on compliance matters relating to the funds or as may be directed by the Board , CEO or CCO of WM;

2.      Reviews board reports for accuracy, effectiveness and clarity; initiates modifications as requested or as may be recommended in collaboration with Fund counsel;

3.      Works with counsel to develop and update prospectuses and other disclosures required for mutual funds.

4.      Identifies issues resulting from internal and/or external compliance examinations; make recommendations for appropriate actions and documents compliance procedures;

5.      Monitors, reviews and comments on regulatory filings prepared by service providers, including counsel, administration and accounting, for registration statements, quarterly holdings reporting, financial statements, and proxy voting;

6.      Monitors quarterly compliance reporting by Fund sub-advisers and other service providers. Designs and develops appropriate oversight as required under Rule 38a-1 of the Investment Company Act of 1940, as amended;

7.      Responsible for compliance activities and communication of funds business initiatives with service providers including advisers, sub-advisers, transfer agent, fund administration and accounting, custodian, distributor, and counsel; and

8.      Integrates industry benchmarking and best practices through ongoing research, education and industry affiliations.

9.      Reviews all advertising associated with the funds.

Investment Adviser Activities

1.      Provides quarterly and annual reporting on compliance matters relating to its activities as an Investment Adviser;

2.      Provides timely reporting to Management Committees, Board and CCO of WM and CEO of CNR;

3.      Identifies issues resulting from internal and/or external compliance examinations; follow-up of agreed-upon resolutions of findings while providing creative and innovative analyses and best practices solutions;

4.      Completes annual and periodic regulatory filing on Form ADV. Responsible for accuracy of disclosure;

5.      Provides training and guidance to asset management colleagues regarding changes in regulations and company procedures;

6.      Integrates real-time industry benchmarking and best practices through ongoing research, education and industry affiliations; shares knowledge and coordinates compliance with Bank’s Compliance Department;

7.      Champions compliance policies and risk management controls in concert with Bank’s overall compliance program.

8.      Reviews advertising for the investment advisor activities.

Management Activities

1.  Manages the compliance colleagues of CNR.

2.  Meets with executive management to discuss pertinent issues and provides compliance consultation.

3.  Provides compliance leadership to all of wealth management.

Basic Qualifications

1.      *Minimum of 8 years of Registered Investment Advisor and Mutual Fund and alternative products such as hedge funds compliance experience in a banking or investment advisory firm required.

2.      *Bachelors degree required.

3.      *Minimum of 3 years of experience in the specific capacity of “Chief Compliance Officer” required.

4.      *Minimum of 2 years of management experience required.

5.      *Series 7, 24, 63 and/or 65 (or 66) licenses required. 

Job Skills and Knowledge

• Knowledge of BSA and GLBA required.

• Strong competence and knowledge of state and federal securities laws, valuations for alternative products and tender offer procedures along with other traditional 40 Act rules, bank non-deposit investment product requirements as well as BSA, privacy and other traditional banking regulations applicable to a bank subsidiary. 

• Develop proactive compliance monitoring programs used to help mitigate regulatory and operating risks.

• Ability to develop and implement appropriate policies and procedures that compel others to adhere to them. 

• Must possess excellent verbal and written communications skills sufficient to interact with all levels of management, the Adviser, the Fund colleagues and clients, vendors, etc.  

In return, we offer a competitive salary and comprehensive benefits package.

Please hit APPLY ONLINE below and submit resume in a Microsoft Word attachment.  We will be unable to respond to all submissions and phone calls will not be accepted. 

Please include salary history.  A cover letter is welcome. Resumes without salary history will not be reviewed.

Rochdale is an Equal Opportunity Employer