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About the Role
Frec is seeking a second Chief Compliance Officer to partner with the existing CCO, dividing responsibilities between the broker-dealer and RIA entities. This role involves building and scaling a compliance program in a customer-centric, efficiency-seeking, and team-focused environment, crucial for Frec's growth and future.
Responsibilities
- Build, own, and scale the compliance program for the assigned entity (broker-dealer or RIA).
- Maintain and evolve written supervisory procedures (WSPs) and compliance manuals.
- Serve as the primary liaison with FINRA, SEC, and state regulators.
- Manage regulatory exams, inquiries, and filings.
- Design and oversee supervisory and surveillance systems for trading, communications, and account activity.
- Own the compliance framework for account opening, KYC, and AML/BSA programs.
- Review marketing materials, advertising, and customer communications for regulatory compliance.
- Draft and maintain compliance policies for new products and features.
- Build and lead compliance training programs.
- Oversee required regulatory filings and support audits and exams.
- Conduct ongoing risk assessments and recommend controls.
- Partner with the other CCO to ensure consistent standards and clean handoffs.
- Partner cross-functionally with Operations, Legal, Product, and Engineering.
- Help build compliance infrastructure and technology.
- Contribute to strategic decisions as a member of the senior leadership team.
Requirements
- Active FINRA Series 7 and Series 24 licenses required for BD.
- Significant experience with Registered Investment Advisors (RIAs) or Broker-Dealers (BDs).
- Deep understanding of the regulatory frameworks governing RIAs and/or BDs.
- 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.
- Strong working knowledge of FINRA, SEC, and state regulatory requirements.
- Excellent written and verbal communication skills.
- Ability to work cross-functionally across compliance, operations, legal, product, and engineering.
- Comfort partnering closely with a fellow senior compliance leader.
- Comfort with the ambiguity and pace of an early-stage company.
Skills
- Regulatory compliance
- FINRA
- SEC
- State regulatory requirements
- Written Supervisory Procedures (WSPs)
- Compliance manuals
- Regulatory liaison
- Exam management
- Inquiry management
- Filing management
- Supervisory systems
- Surveillance systems
- Account opening
- KYC
- AML/BSA
- Suspicious activity monitoring
- Suspicious activity reporting
- Marketing material review
- Advertising review
- Customer communication review
- Policy development
- Compliance training
- Risk assessment
- Cross-functional collaboration
- Infrastructure building
- Technology scaling
Location
- San Francisco
- New York
- Remote
Work Type
- Full-time
Experience Level
- Senior leadership
Education Level
- Juris Doctorate (JD) or other advanced degree preferred
Salary/Compensations
- $180,000–$260,000
Benefits
- Meaningful equity
- Fully paid health, vision, and dental insurance
- 401(k)
- Monthly wellness allowance for physical and mental health
- Flexible PTO
- Catered lunch every day in our SF and NYC offices
About the Company
- Frec's mission is to help create enduring wealth by building tax-aware investment tools.
- The company has experienced exponential growth, with 50% QoQ growth and over $1B+ in customer assets.
- Frec raised its Series A with Greylock Partners and has other notable investors.
- Frec operates two regulated entities: a broker-dealer and a registered investment advisor.