Clearing Compliance Specialist

VIRTUAL-FIRST/REMOTE /
Legal & Compliance – Compliance /
Full-time
We believe that as of today, there is no great solution for businesses to embed access to the US financial markets. Embedded is on a mission to change that by building the modern clearing and custody platform for the next generation of investing and trading apps.

Embedded is actively seeking to hire a Clearing Compliance Specialist to be a part of our Clearing Compliance team. You will be responsible for supporting our product development to ensure offerings meet regulations and policy requirements, and collaborating with partners to ensure any updates or corrective actions are fully implemented. In this role you will be building and maintaining new procedures for monitoring and reporting for our business and helping our CCO develop oversight of our business operations.

What You'll Do

    • Work with the CCO to develop and implement policies, procedures and controls which successfully mitigate key risk factors for all covered business lines and conduct related monitoring
    • Build controls, provide metrics, and spot trends with transactional activity
    • Proactively recognize and mitigate risks and red flags
    • Perform due diligence on new and existing accounts
    • Assist with the development of surveillance and controls reasonably designed to detect and mitigate compliance issues and risks
    • Apply learnings to help other areas anticipate customer needs ahead of regulatory issues
    • Investigate and assist with responses to regulatory inquiries and examinations
    • Special Projects (including but not limited to aspects of Regulatory Compliance Management Implementation)
    • Write up processes and procedures for different functions across the clearing compliance team
    • Be an integral part of building the compliance team in collaboration with the CEO and CCO of the broker-dealer

Minimum Qualifications

    • Minimum 3-5+ years working at a clearing broker-dealer
    • Previous experience with AML, Transaction Monitoring, Escalation Investigations and Due Diligence
    • Series 7, 63, 24
    • Legal experience and compliance background
    • Prior experience building processes from the ground up
    • A deep understanding around the way FinTech firms work, scale and operate
    • Analytical and data oriented approach to risk assessment and compliance management
    • Ability to work with a high degree of autonomy and limited supervision
    • High standard of professionalism
    • Exceptional writing and oral communication skills
    • Proficiency in Google Workspace

Preferred Qualifications

    • Prior experience working in compliance or operations at a correspondent clearing firm
    • Bachelors, JD or MBA
    • Experience managing projects collaborating with technical and non-technical teams
    • Prior experience at a broker-dealer financial services regulator (FINRA or SEC)
    • Active FINRA Series 4 or 14 licenses
    • Certifications such as CRCP, CSCP, CAMS

Perks

    • Comprehensive Benefits in US - Healthcare, Dental and Vision Coverage
    • Competitive Salaries
    • Stock Options
    • Paid Time Off
    • Paid Market Holidays
    • Flexible Work Environment
About the Company:

Embedded Financial Technologies Inc. (“Embedded”), a Vancouver, Washington based fintech start-up and parent to Embedded Clearing LLC FINRA member correspondent clearing broker-dealer, is a modern, API-first clearing and custody business built to make it easier than ever before to embed trading or investing features into any product. Founded in 2020 by our CEO Michael Giles, former Square executive and proven FinTech entrepreneur, who also formerly founded Third Party Technologies Inc. (acquired by Square, Inc.) which provided an API platform for integrating investing features. Embedded is backed by an amazing group of investors including Propel Venture Partners, Y Combinator, Bain Capital Ventures, Homebrew, Acrew Capital, SWS Ventures, solo GP venture investors including Lachy Groom and Josh Buckley, as well as founders from successful fintech companies, such as Plaid, Marqeta, Acorns, Betterment and others.