Managing Director of Compliance or Chief Compliance Officer
Stonecrest Partners is a rapidly growing financial services firm based in Austin, Texas and San Juan, Puerto Rico. We have additional associates in New York City, New Jersey, Florida and Latin America. Our multiple business lines include Institutional Fixed-Income Sales and Trading, Retail Advisory and Brokerage services, Wealth Management and Financial Planning, tax credit trading, and private investment banking. We are an entrepreneurial company with expertise in complex financial transactions. Stonecrest Partners is the marketing name for Stonecrest Capital Markets, Inc., Stonecrest Advisors, Inc., Stonecrest Partners of Puerto Rico, LLC, Stonecrest Investment Management LLC and affiliates.
Who we’re looking for
Stonecrest is seeking a compliance professional with strong experience working in the broker dealer and investment advisor industries to lead our Compliance Department. The role, whether as Managing Director of Compliance or as Chief Compliance Officer (CCO), will report directly to the Chief Executive Officer. The successful candidate will be integrated into an existing compliance team that currently includes five personnel and two consulting relationships. If hired as a Managing Director of Compliance, you will have the opportunity to progress into the CCO role. Candidates should possess extensive knowledge of FINRA and SEC Rules and Regulations, have leadership experience, and preferably hold a legal and/or business education background, with a J.D. being advantageous. To thrive at Stonecrest, you must be able to work effectively in a team environment, be self-motivated, have strong communications skills, and willing to work with a diverse group of individuals and business lines. Collaboration is essential.
Responsibilities
- Perform all tasks necessary to perform the functions of a Chief Compliance Officer
- Make improvements to existing compliance programs, including Written Supervisory Procedures, and effect changes as advisable
- Serve as Managing Director of Compliance or CCO for 3 related (common parent) companies: Stonecrest Capital Markets, Inc. (Member of FINRA and SIPC), Stonecrest Advisors, Inc. (SEC registered RIA), and Winlo Management Group LLC (Member of FINRA and SIPC; domiciled in Puerto Rico)
- Manage all aspects of Stonecrest’s AML compliance program, including maintenance of AML policies, conducting AML annual training, and managing the annual independent audit
- Oversee the maintenance of Stonecrest’s FINRA Gateway filings and other similar requirements
- Develop processes and policies to streamline compliance functions for the regulated entities
- Lead the Compliance Department, together with CEO and COO, to achieve a best-in-class compliance program
Prerequisites for the role
- An undergraduate degree is required, preferably in Business/Finance/Economics or related disciplines; a JD, MBA or equivalent is favorable.
- Minimum of 10 years related work experience in broker dealer and/or advisor compliance, and preferably 5 years in leadership positions in environments of similar scale and complexity.
- Series 7, 63, 24, 65, 53, and 79 securities and other licenses, as applicable
- No regulatory disclosures, with limited exceptions
- Fluency in Spanish is highly advantageous
- Strong communications skills, both written and verbal
- Keen attention to detail
- Deep understanding of securities rules and regulations
- Proven leadership with successful outcomes in similar conditions
- Ability to comprehend complex transactions and circumstances
Benefits
- Health and Dental Insurance
- 401k (with company match)
Equal Opportunity Employer
Stonecrest is an equal opportunity employer and strictly prohibits discrimination on the basis of race, color, creed, gender, religion, marital status, veteran status, age, disability, medical condition, pregnancy, sexual orientation, political affiliation, or any other characteristic protected by federal, state, or local laws.
