Sr. Compliance Officer – Freedom Capital Markets

About This Role

In December of 2020 Prime Executions, Inc. was acquired by Freedom Holding Corp. (Nasdaq: FRHC), a U.S. financial services holding company conducting securities brokerage, investment counseling, investment banking, underwriting and banking services through its subsidiaries. Through Prime Executions, FRHC is now expanding its product offerings for clients to better access the public and private capital markets in the US. This new division, Freedom Capital Markets (FCM), will operate under Prime Executions and will service the needs of FRHC’s clients by primarily acting as a selling group member to resell securities syndicated by a lead underwriter or syndicate group. 

Job Responsibilities

The Senior Compliance Officer will report to the Chief Compliance Officer and will support key business and compliance initiatives by working closely with business line leaders and other support functions throughout the organization. The Compliance Department is an integral part of the firm’s overall risk management ecosystem, specifically charged with carrying out regulatory obligations to establish, maintain, review, test, and modify the firm’s system of supervision and control.

The individual within the Compliance Department will provide a wide range of services to FCM’s business lines, for example: structuring a complex and sensitive cross-border transaction; advising on a new product introduction; devising a new training program; coordinating monitoring, or testing and training compliance best practices for the FCM business unit. The individual will help preserve the firm’s reputation for integrity by ensuring the firm operates under the appropriate regulatory policies, rules, standards, and procedures, and ensure updates are implemented throughout the FCM business line. The individual will provide real-time advice to the business unit and monitor business activities for adherence to both firm and regulatory requirements. Other requirements may be as follows:

  • Perform ongoing monitoring and testing of capital markets activities and related requirements (e.g., Reg M, FINRA rules 5130/5131, etc.) 
  • Stay up-to-date of the local and global regulatory environment and work closely with other legal and compliance leads to ensure the firm’s adherence to pertinent securities laws and regulations
  • Notify senior leadership in advance of emerging regulatory and compliance issues
  • Draft and maintain compliance policies and procedures and notices as well as written supervisory procedures as prescribed in FINRA Rule 3110
  • Seek improvement opportunities and efficiencies in compliance oversight reporting as well as control structure within business systems and processes
  • Establishes guidelines for the development of systems to resolve identified issues
  • Create regular reporting of key metrics and escalation of issues identified during regular monitoring and testing activities to Chief Compliance Officer and relevant management
  • Design and deliver applicable training for business unit personnel, infrastructure personnel and supervisors, as appropriate
  • Assist with regulatory inquiries and examinations as needed, as well as internal compliance testing and audits 
  • Participate in annual compliance risk assessment and annual compliance planning
  • Provide guidance and advisory services in new product approval process
  • Oversees the review of marketing, sales and product materials and communications to ensure regulatory compliance
  • Coordinate with global and regional legal and compliance peers throughout the FRHC and FCM entities

Qualifications

  • 7+ years’ experience in an investment bank compliance environment (preferably equity capital markets group focus); overseeing key risk indicators and/or regulatory risk monitoring program
  • 4+ years’ experience overseeing syndicate, selling group and underwriting oversight in a compliance capacity
  • Bachelor’s degree required; Master’s degree or JD a plus
  • FINRA Series 24 (or within 90 days of hire)
  • Knowledge of operational risk, business operations, and processes and systems controls across a variety of complex financial services related businesses
  • Experience in building/designing a control infrastructure through policies, procedures, guidance documents, and training development
  • Experience with AML and KYC systems (e.g., Refinitiv, LexisNexus, ComplyAdvantage, etc.)
  • Strong organizational skills, attention to detail, and adherence to strict deadlines in a fast-paced environment
  • Ability to effectively multitask and successfully work on several unrelated projects at the same time
  • Motivated self-starter and team player with a high level of maturity, excellent people and project management skills and ability to function in an entrepreneurial atmosphere with limited supervision
  • Commitment to satisfying all internal and external stakeholder demands
  • Immensely detail-oriented and unparalleled work ethic
  • Extremely respectful, a superb listener, and a strong focus on integrity (as described by Jensen and Erhard)