Chief Compliance Officer

Redwood City
Legal and Compliance
Full-time
At Wealthfront we have an ambitious vision to optimize and automate all your personal finances. By delivering our service exclusively through software, we can also offer very low fees and account minimums. Over the past six years our clients have rewarded us with $10 billion to manage and we have attracted some of the best venture capital firms in the business including Benchmark Capital, Greylock, Index Ventures and Social Capital. We recently closed a $75 million round of funding from Tiger Global and are rapidly growing our team. So if you're passionate about helping people secure their ambitions while helping to change an industry, keep reading.

Wealthfront is hiring a Chief Compliance Officer to lead all compliance with industry rules and regulations for Wealthfront Inc., an SEC registered investment adviser, and its wholly-owned subsidiaries, Wealthfront Brokerage Corporation, a broker-dealer, and WFAS, a mutual fund investment adviser. As CCO, you will ensure each entity’s operations are consistent with regulatory requirements and will work closely with senior management and business partners to maintain a well-run compliance program while achieving business goals. Our team is creating something new and we need an experienced, technology-focused compliance leader who can see beyond the requirements and guide us - and our clients - toward the future of investments and beyond. Come prepared with ideas on how your experience can be leveraged with technology and automation to make compliance operations more efficient in a software-driven organization.

Responsibilities

    • You will lead our compliance operations team to support the broker dealer and investment adviser entities in sustaining compliant operations, products and services
    • Actively engage with and act as the point of contact for regulators, auditors, and third party due diligence partners, demonstrating deep knowledge of the regulations as they apply to our business, products and services
    • Partner with the General Counsel and senior legal team on analyzing regulations and their applicability to our products and services, striving to provide creatively compliant solutions
    • In partnership with the legal team, you will also support our brokerage operations and client service teams
    • Enhance and maintain the organizational and record-keeping processes that enable timely and accurate responses to regulatory inquiries and examinations as they arise
    • Plan, facilitate and execute all necessary testing and certification of the broker-dealer’s supervisory policies and procedures, including completion of any associated remediation, in coordination with the COO, to maintain compliance with applicable securities laws and regulations
    • Periodically review, maintain, update and test written compliance policies and procedures for the investment adviser operations, including completion of any associated remediation
    • Assume the role of AML Officer for the Broker Dealer, fulfilling all AML and anti-fraud related requirements of the business
    • Monitor, advise and implement all relevant regulatory rule changes.
    • Review and periodically update the continuing education program for all employees, including the Code of Ethics, as well as providing mentoring and training for licensed professionals
    • Ensure accurate and timely filings of required regulatory documents such as ADV Part 1, ADV Part 2A, ADV Part 2B, Form BD, 17H, 13F and other periodic filing requirements

Requirements

    • Customer and business-centric and collaborative mindset
    • Proven ability to communicate effectively at all levels of an organization
    • Keen ability to apply technology to business processes
    • Strong organizational skills and confirmed ability to set and meet deadlines in a high paced environment
    • Advanced analytical skills, including demonstrated experience identifying and quantifying problems and providing effective solutions
    • Minimum of 10 years' professional experience, including direct experience as a senior compliance professional at a broker-dealer or investment advisory firm
    • Deep knowledge of SEC and FINRA regulations and the Investment Advisers Act of 1940; working knowledge of the Investment Company Act of 1940 a plus
    • Strong project-management skills, with creative techniques to coordinate across departments and functions
    • Well-versed in the art of drafting procedures and evaluating internal controls
    • Strong work ethic and hands-on approach
    • Prior experience with a self-clearing broker-dealer preferred
    • Certifications, Licenses, Registrations: FINRA licenses 65 or 66 required, or equivalent; Series 7 and 24 required; be willing to obtain Series 52/53
    • BA/BS required; JD a plus
About Wealthfront

For more information please visit www.wealthfront.com.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.