Frec Markets, Inc.
Chief Compliance Officer (FINRA Broker Dealer or SEC RIA)
San Francisco · Exec
Sponsorship not specified$180k-$260kDetected 2 days ago
ComplianceFinancial AnalysisLeadershipCommunicationFinancial Reporting
About the role
- Frec operates two regulated entities: a broker-dealer and a registered investment advisor.
- Today a single individual holds both seats.
- As we scale, we're adding a second Chief Compliance Officer to take on one of the two CCO roles (broker-dealer or RIA, based on fit and experience), while our current CCO retains the other.
Responsibilities
- You'll build, own, and scale the compliance program for the entity you serve as CCO of (broker-dealer or RIA), working in close coordination with the other Frec CCO and cross-functionally with Operations, Legal, Product, and Engineering to ensure the firm operates within regulatory requirements while moving at startup speed.
- manage exams, inquiries, and filings, and ensure timely, accurate responses.
- Supervision & surveillance - Design and oversee supervisory and surveillance systems across trading, communications, and account activity, ensuring escalations are identified and resolved promptly.
- Account opening & KYC/AML - Own the compliance framework for account opening, KYC, and AML/BSA programs, including suspicious activity monitoring and reporting.
- Policy development - Draft and maintain compliance policies as Frec launches new products and features, partnering with Product and Engineering early in the development process.
- Training & culture - Build and lead compliance training programs for your entity, fostering a culture of compliance across the organization.
- Partner closely with Frec's other CCO to ensure consistent standards and clean handoffs between the broker-dealer and RIA compliance programs.
- Partner cross-functionally with Operations, Legal, Product, and Engineering as a subject-matter expert on regulatory matters.
Requirements
- Active FINRA Series 7 and Series 24 licenses required for BD
- Strong working knowledge of FINRA, SEC, and state regulatory requirements
- Excellent written and verbal communication skills, with the ability to work cross-functionally across compliance, operations, legal, product, and engineering
- Comfort partnering closely with a fellow senior compliance leader to divide ownership and keep both entities' compliance programs aligned
- Significant experience working with both or either Registered Investment Advisors (RIAs) or Broker-Dealers (BDs), with a deep understanding of the regulatory frameworks governing each
- A track record of building and scaling compliance programs, ideally at a technology-driven or fintech firm
- Prior experience serving as a CCO, or in senior compliance leadership, at a broker-dealer and/or RIA
- Comfort with the ambiguity and pace of an early-stage company - you're happy to build programs and processes that don't have a playbook yet
- This role is ideally based in San Francisco or New York. Exceptional remote candidates are encouraged to apply. Compensation ranges are based on our San Francisco and New York markets and may vary for candidates in other locations.
Nice to have
- A Juris Doctorate (JD) or other advanced degree preferred
Skills
- In the last year, Frec has been growing exponentially - 50% QoQ growth with over $1B+ in customer assets.
- Learn more about Frec as a company at www.frec.com http://www.frec.com.
Compensation
- Regulatory filings & audits - Oversee required regulatory filings and support annual audits, exams, and financial reporting for your entity.
Benefits
- Meaningful equity: we want you to own a piece of what you're building
- Fully paid health, vision, and dental insurance
Company info
- We're customer-centric, every decision starts with how it benefits our customers.
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