Chief Compliance Officer, Finalis
+ Equity
Securities brokerage platform
Be an early applicant
Securities brokerage platform
101-200 employees
Be an early applicant
+ Equity
101-200 employees
Company mission
Building the world’s largest private securities brokerage platform.
Role
Who you are
- 15+ years of compliance experience with an SEC-registered, FINRA-member broker-dealer
- Knowledge of Federal and State laws for operating an SEC-registered and FINRA-member broker-dealer and a registered investment advisor
- Experience working within FinTech or SaaS/Tech organizations is strongly preferred
- Demonstrated track record with leading teams, continuously seeking ways to enhance the customer experience, driving profitability and scalability and implementing solutions that balance operational efficiency with business growth
- Proven ability to think strategically and propose innovative solutions to complex problems with creative, forward-thinking approaches, contributing to the disruption of traditional models
- Maintain a proactive “can do” and “team player” attitude and be a self-starter who enjoys working in a fast-paced and evolving environment
- Highly organized and capable of dealing with complex projects under tight deadlines
- Capacity to anticipate challenges, identify opportunities and address issues before they arise
- Excellent organizational and project management skills
- Outstanding written and spoken communication abilities
- Excellent teamwork, interpersonal and conflict resolution skills
- Capable of interacting with varied internal and external stakeholders who are geographically dispersed, including Design, Product, Engineering, Legal, Marketing, Operations and Sales
- Experience with cross-border, non-U.S. compliance and regulatory frameworks is preferred
- Experience in securities litigation, enforcement and regulatory law is preferred
- At least a Bachelor’s level degree; a law degree is a plus
- Experience in capital markets is a plus
- Familiarity with software development lifecycles is a plus
- Legal research and writing skills and discovery experience are a plus
- FINRA Licenses:
- Series 7 (Required)
- Series 24 (Required)
- Series 63 (Required)
- Series 79 (Nice to have)
- Series 82 (Nice to have)
What the job involves
- Understand Finalis’ mission, values, target audience, market and user segments
- Drive compliance in support of Finalis’ Product, Go-to-Market and Finance strategies
- Execute a comprehensive compliance strategy that aligns with Finalis’ business goals
- Develop and lead a high-performing compliance team in a remote-first cross-cultural context, attracting and retaining top talent and providing professional development
- Provide regular reports to management and escalate material matters as appropriate
- Foster a team culture of innovation, encouraging experimentation and collaboration
- Deliver data-driven cost reductions and greater revenue, efficiencies and productivity
- Help systematize, centralize and coordinate user delivery through the Finalis platform
- Work with internal and external stakeholders to ensure that policies, procedures, controls and platform workflows are user-centered, “skate ahead” to anticipate and respond to user needs and pain points and comply with applicable laws and industry best practices
- Ensure that policies, procedures, controls and platform workflows balance a delightful user experience, platform scalability, help drive profitability and manage enterprise risk
- Tackle compliance-related escalations from users and internal stakeholders while increasingly reducing escalations through policies, processes, controls and automation
- Understand and anticipate market needs and enhance Finalis’ competitive positioning
- Help execute a product-driven “compliance roadmap” to automate compliance workflows to include regulatory workflows that (a) deliver value to our users and regulators and (b) position Finalis as the leading industry Fintech platform and broker-dealer
- Understand software business needs and challenges and identify compliance innovation opportunities to include Artificial intelligence (AI) automation for compliance
- Identify challenges and opportunities in the regulatory environment and applicable trends and best practices to better leverage the Finalis platform to address regulatory needs
- Help drive “buy vs. build” vendor and product strategies and decision-making to meet and exceed regulatory requirements and deliver competitive differentiation
- Think “outside of the box” with compliance automation for a leading Fintech company
- Be the “face” of compliance with internal and external stakeholders and implement innovative and substantiated approaches to compliance decisions and strategies
- Manage interactions and relationships with regulators to include responding to inquiries, audits, findings and disclosures and determining applicable measures
- Manage all regulatory matters, examinations and inquiries across diverse areas to include investment banking, RIA, finance, technology, risk and operations
- Participate in industry committees and associations, such as FINRA committees, SIFMA and FIA, on emerging industry topics and issues relating to regulatory interactions
- Maintain a deep understanding of FINRA, SEC, IRS and U.S. state-level regulations
- Identify and develop training materials and programs designed to ensure a high level of awareness and adoption of applicable legal/regulatory requirements/expectations
- Coordinate with internal and external stakeholders with reviews of potential violations and assist with identifying root causes and implementing remediation plans
- Implement proactive defensive and offensive enterprise risk management
- This position reports directly to the COO
- You are expected to be available during customary U.S. business hours
Our take
Trillions of dollars are exchanged through M&A transactions. While the playbook is known for the lawyers and bankers involved, their workflow continues to be anchored in legacy systems like email and siloed spreadsheets hampering compliance and efficiency.
Finalis hopes to upend this market with an integrated private securities brokerage technology platform. The platform’s central offering is a Hub where banks can affiliate their FINRA licenses, dramatically reducing compliance headaches.
However, Finalis wants to go much further than that with a product suite automating much of the deal process. That means further features like deal rooms and prioritised collaboration opportunities.
While many of these transactions are ‘bread and butter’, stakeholders are reticent to change partially due to the billions of dollars at stake on a deal. However, Finalis’ team, with deep sector expertise and a commitment to the highest standards, stand a good chance of overcoming the inertia in the industry.
Steph
Company Specialist at Welcome to the Jungle
Insights
158% employee growth in 12 months
Company
Funding (2 rounds)
Jul 2022
$10.7m
SEED
Jul 2021
$10.7m
SEED
Total funding: $21.4m
Company benefits
- Flexible working hours
- 100% Remote work
- Generous paid vacation
- Personal growth budget
- Inclusive and diverse environment to develop your skills at its maximum potential
- Focus on your career growth
- Enriching learning and development opportunities
Company HQ
SoMa, San Francisco, CA
Leadership
Federico Baradello
(Founder & CEO)Attended Princeton University and Harvard University. J.D in Berkeley Law. London School of Economics PhD. Trained at Kirkland & Ellis.
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