Blue Chip Partners, LLC, is a registered investment advisory (RIA) firm headquartered in Farmington Hills, Michigan. In 2024, Blue Chip Partners was named one of the best places to work in Southeast Michigan by Crain’s Detroit Business, ranking 8th on a list of 93 recognized firms. Blue Chip Partners has 30 employees and its assets under management have increased from $305 million in 2015 to over $1.5 billion as of October, 2024. Blue Chip Partners provides highly personalized financial planning and portfolio management services to over 800 clients. Our growth is a testament to the caliber of our team members. Blue Chip Partners hiring strategy is simple: we identify highly qualified individuals, compensate them fairly, invest in their professional development, and foster a corporate culture that results in their staying for the long-term.
For more information about Blue Chip Partners, LLC, visit our website www.bluechippartners.com.
Position Overview
We are seeking an experienced, hands-on Chief Compliance Officer with a proven track record to lead and manage all aspects of the firm’s compliance program. This position reports directly to executives of the firm and has no direct reports.
Key Responsibilities
Responsible for the implementation and maintenance of the firm’s compliance program to ensure compliance with the Investment Advisers Act of 1940 and other securities laws and regulations. The candidate’s responsibilities will include, but are not limited to:
- Administer, monitor and implement the firm’s compliance program
- Conduct annual review and risk assessment of the compliance program and report findings to the firm’s executive team
- Test systems and controls to effectively manage and mitigate compliance risk
- Administer and monitor the firm’s Code of Ethics, including attestations, personal trading activities, reporting of business gifts and outside business activities of Access Persons
- Proactively identify and assess SEC proposed regulations that may require the firm’s compliance program to be updated to ensure compliance
- Review and maintain firm’s compliance policies and procedures, disclosure documents and compliance calendar
- Analyze client investment guidelines to implement and monitor investment restrictions
- Review and approve marketing related materials
- Review and monitor trading processes and trade error corrections
- Conduct initial, periodic and annual compliance training to educate and engage employees on compliance policies and procedures, including Code of Ethics and Fiduciary Duty
- Prepare and submit all required regulatory filings and disclosure documents in a timely and accurate manner
- Serve as primary contact for SEC, state and other regulatory examiners, as well as firm’s compliance counsel; and respond to all exams/inquiries during regulatory examinations
- Manage all aspects of the annual custody examination conducted by an independent auditing firm
- Conduct/supervise periodic review of employees’ firm email communications
- Work with IT team on cybersecurity/compliance matters
- Assist with firm’s insurance programs
- Periodically attend compliance and regulatory forums sponsored by respected industry organizations
- Provide support to operations and client service teams, as needed
- Manage continuing education requirements for IA representatives
Qualifications
- Ability to foster culture of compliance and integrity
- Adheres to high ethical standards, judgment and discretion
- Self-motivated, and able to function with a high degree of independence
- Ability to be proactive and follow up to resolve issues
- Seeks to keep abreast of compliance regulations and best practices
- Excellent attention to detail and organizational skills
- Strong oral and written communication skills
- Ability to understand complex regulatory standards
- Works well in non-hierarchical environment and is a team player
- Willingness to assist colleagues with special requests, as needed
- Commitment to learning
Candidate Requirements
- Bachelor’s degree required
- 5 years or more working experience for a SEC registered investment adviser in a relevant compliance, legal or regulatory role
- Strong knowledge and understanding of the Investment Advisers Act of 1940 and state securities laws, and other related laws and regulations
- Experience with SEC, state and/or other regulatory examinations
- Knowledge of portfolio accounting, order management and compliance reporting systems
- Professional compliance designation or Series 65 licenses desired
- Knowledge of basic Microsoft Office applications, notably Excel
Employment Particulars:
- Position Type: Full Time (in office/hybrid would be considered)
- Position Location: Farmington Hills, MI
- Compensation will depend on qualifications and experience. Anticipate salary and bonus compensation in the $135,000-$200,000 range with opportunity for profit sharing based upon the overall performance of the firm
- Excellent benefits including employer-subsidized medical, dental, vision, life, and disability plans, 401(k) plan with a 3% match
- Great work environment and outstanding co-workers
If you are interested in this position, please send a cover letter and resume to hr@bluechippartners.com
