Cambridge Investment Research Chief Compliance Officer in Main Campus, Iowa

Chief Compliance Officer.

Position Specifications

Reporting to the Chief Risk Officer, the Chief Compliance Officer will actively participate as part of the senior management team and focus on strategic business planning, forecasting and various organizational initiatives including oversight at the most senior level of the broker-dealer’s compliance department, including registration and licensing, audits, surveillance, anti-money laundering, and advertising review..

Essential Duties and Responsibilities

The Chief Compliance Officer will be accountable for participating in the development of the Organization’s purpose, values statements and strategic planning and effectively contribute to the communication of the organization’s strategic and tactical goals; act as a role model and develop credibility by working to instill the purpose and values throughout the entire organization. The role will interact with the firm’s rep-advisors, proactively develop strong business relationships and assist with any matter presented for consideration as well as report on a regular basis relevant information to various levels of leadership regarding progress on monthly, quarterly and/or yearly objectives identified through the strategic planning process.

Specific to Areas of Responsibility

  • Oversee all operational activities of the broker-dealer from a compliance perspective to ensure proper controls and documentation are in place

  • Draft and submit all required documentation, including Form BD, policies and procedures, and business continuity plan

  • Monitor and review of any regulatory developments that impact the Firm

  • Coordinate responses to audit or regulatory requests

  • Train current and new employees on the firm’s compliance policies and procedures and oversee mandatory periodic compliance training for all employees and rep-advisors

  • Update and maintain compliance calendar

  • Act as a subject matter expert on all broker-dealer compliance processes and functions; assist in resolving escalated or complex issues

  • Ensure compliance with books and records requirements

  • Ensure that Firm’s activities comply with all federal and state regulations

  • Other duties as assigned


  • Effectively plan and establish sound financial and operational controls within business units under direct areas of responsibility, prepare reasonable annual budgets for each unit, and evaluate status regularly;

  • Conduct quality assurance tests within business units under areas of responsibility and ensure that company service standards are regularly being met;

  • Conduct continuing assessments of departmental performance compared to organizational performance – consider present and planned capacity of business units under areas of responsibility (to assess productivity/profitability) in financial terms, staffing and organization, and rep-advisor customer satisfaction;

  • Perform in-depth analysis on all procedures within business units under areas of responsibility on a regular basis and identify and implement process improvements in terms of efficiency, new creative methods, or revised techniques that will allow greater cost effectiveness or higher levels of service.

    Supervisory Responsibilities:

  • Motivate and lead a high performance team and review performance of teams on regular basis to ensure alignment with corporate approach;

  • Attract, recruit and retain required members of the team; including proactively forecasting staffing needs and administering timely and regular performance reviews;

  • Set reasonable standards for accomplishing organization’s purpose, goals and objectives and departmental goals and objectives to establish strong measures of accountability to meet those standards;

    Job Requirements

  • Education: Master’s degree from an accredited college or university; or ten or more years related experience and/or training; or equivalent combination of education and experience

  • Experience in an independent broker-dealer required.

  • Licenses: Financial Industry Regulatory Authority (FINRA) Series 7, 24, 63 and 65, or 66 required.

  • Clean U-4 and excellent credit

  • Travel: Approximately 10-15%. Ability to travel locally within a specific geographic area; some travel outside of specific geographic area as applicable.

    Core Competencies:

  • Strategic Orientation- ability to generate a strategic plan that integrates numerous business issues, functions and resources for effective action.

  • Customer Impact – builds high-impact relationship with one or more key external clients, with the ability to envision and advocate a mutually beneficial long-term partnership between the organization and the client organization.

  • Market Knowledge – ability to identify trends of the market in which a business operates to anticipate and capitalize changes. This business context can include the competition, the suppliers, the customer base and the regulatory environment.

  • Commercial Orientation - identify and assist with business opportunities, seizing chances to increase profit and revenue by formulating innovative techniques and process improvements.

  • Results Orientation - focus on improvement of business results by supporting continuous improvement and motivating higher goals to be set. Transforms the business for significantly improved results. Change Leadership - transform and align the organization to drive improvement in new and challenging directions by mobilizes individuals or groups to change. Ability to create massive coordinated change across an entire complex organization.

  • Collaboration and Influence - create partnerships and collaborative endeavors within the function of responsibility and between functions. Creates innovative partnerships that span the organization and reach beyond its walls.

  • People and Organizational Development – influence development of talent systemically across the enterprise for a broader impact on the organization’s capabilities.

Team Leadership - focus, align and build effective groups both within department of responsibility and across functions. Develops a high-performing team that delivers results in a highly complex situation.