Oxford Financial Group, Ltd.
Chief Compliance Officer
Oxford Financial Group, Ltd., Chicago, Illinois, United States,
Position Summary:
The Chief Compliance Officer (“CCO”) is ultimately responsible for the compliance functions of the RIA, Oxford Financial Group, LLC (“Oxford”) and the commodity pool operator. This role is key to ensuring Oxford complies with SEC regulatory rules and to lead the compliance team in its activities. The CCO is responsible for the execution of an oversight and monitoring program, the risk assessment process; the preparation of compliance related communications, training, policies and procedures; and the preparation of committee and management reports. This role advises on corporate projects and marketing materials. This individual is also responsible for all SEC filings which includes but is not limited to U4s, U5s, ADV Part 1, ADV Part 2B and ADV Part 3.
The person who is in this role may also serve as a BSA Officer of the Trust Company of Oxford (“TCO”), but is not an officer of TCO.
Duties & Responsibilities:
Leads the collaboration with internal and external resources to develop and oversee the compliance program including the annual risk assessment and compliance reportOversees the correction of compliance matters, which includes changes in compliance policiesDetermines the development and implementation of policy and procedures, testing and training.Conducts research on SEC and other regulatory agency rules and regulations in order to incorporate new requirements into policies and proceduresResearches with outside counsel, the implementation of new compliance regulation and how it applies to OxfordWorks on and leads:
Cybersecurity from a compliance standpoint, does not manage the technology aspectBusiness continuityIncident response teamCommodity Pool OperatorInformation Security programPrivate Fund ComplianceEmail ReviewADV filings and Form CRSStaff assignments and responsibilities
Handles client complaints, including the review, the response and reporting of themReviews, approves and manages the compliance of all marketing materialOversees compliance participation in the RFP process and approves the RFPs for submission to the prospect/clientResponsible for Code of Ethic’s matters/reporting and manages the team with reporting mattersLeads all regulatory inspections, internal testing, exams and audits including coordinating responses to findings and issues. Recommend and evaluate remediation plans by business units.Oversees regular compliance testing to ensure the effectiveness of policies and proceduresCoordinates testing efforts with External Auditors, Risk Management and other testing functions within the business to share information and otherwise advance the established control processes designed to meet regulatory requirements.Responsible for custody audits, IT General Control audits, and other compliance related auditsRisk Management
Leads and oversees risk assessments prepared internally and externally and provides appropriate levels of reporting to various committees and board of directors.Oversight and tracking of issues and remediation plans; escalates unresolved items as appropriate.Reviews and evaluates internal controls and procedures established to comply with applicable state and federal laws, rules and regulations.Identifies, documents, evaluates and reports to the Risk Management Committee risks associated with products, services, customers and operations.Provides Compliance support to business units by participating in strategic plan initiatives, team development and other business projects.Management
Provides direction and guidance to the compliance team members including outsourced compliance partners.Establishes and maintains regular, direct and informal personal communication with Oxford associates and outsourced partners to build trust and obtain the necessary information to assist in maintaining an effective risk and compliance program.Develops the skills and education of the risk and compliance team to remain current with regulations, best practices and industry trends.Attends or participates in annual off-site training conferences, industry roundtable groups and other on topics related to compliance and risk management trends.Leads the firm’s Risk CommitteeResponsible for the direction/evolution of the Compliance Department as the firm growsQualifications:
JD, strongly preferredBachelor’s degree in finance, business or related area5+ years’ experience at a financial institution in a fiduciary, trust, investment management or wealth management role or experience as a bank regulator is preferredStrong knowledge of the fiduciary regulatory structure and environment (such as OCC rules regarding trust investments and administration, SEC rules, Bank Secrecy Act/Anti-Money Laundering, Customer Identification Program requirements, Gramm Leach Bliley Act requirements, etc.) is required.Ability to conduct research through multiple regulatory resourcesAbility to organize and analyze data into board and committee level reportingMust have a professional demeanor with the utmost respect for confidential mattersMust be able to work independently and in a team environmentMust have excellent written and verbal communication skills with strong interpersonal skillsMust have the ability to work in a high stress, fast paced environmentWorking Conditions:
Minimum travel to market offices and conferencesExtensive phone and computer usage
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The Chief Compliance Officer (“CCO”) is ultimately responsible for the compliance functions of the RIA, Oxford Financial Group, LLC (“Oxford”) and the commodity pool operator. This role is key to ensuring Oxford complies with SEC regulatory rules and to lead the compliance team in its activities. The CCO is responsible for the execution of an oversight and monitoring program, the risk assessment process; the preparation of compliance related communications, training, policies and procedures; and the preparation of committee and management reports. This role advises on corporate projects and marketing materials. This individual is also responsible for all SEC filings which includes but is not limited to U4s, U5s, ADV Part 1, ADV Part 2B and ADV Part 3.
The person who is in this role may also serve as a BSA Officer of the Trust Company of Oxford (“TCO”), but is not an officer of TCO.
Duties & Responsibilities:
Leads the collaboration with internal and external resources to develop and oversee the compliance program including the annual risk assessment and compliance reportOversees the correction of compliance matters, which includes changes in compliance policiesDetermines the development and implementation of policy and procedures, testing and training.Conducts research on SEC and other regulatory agency rules and regulations in order to incorporate new requirements into policies and proceduresResearches with outside counsel, the implementation of new compliance regulation and how it applies to OxfordWorks on and leads:
Cybersecurity from a compliance standpoint, does not manage the technology aspectBusiness continuityIncident response teamCommodity Pool OperatorInformation Security programPrivate Fund ComplianceEmail ReviewADV filings and Form CRSStaff assignments and responsibilities
Handles client complaints, including the review, the response and reporting of themReviews, approves and manages the compliance of all marketing materialOversees compliance participation in the RFP process and approves the RFPs for submission to the prospect/clientResponsible for Code of Ethic’s matters/reporting and manages the team with reporting mattersLeads all regulatory inspections, internal testing, exams and audits including coordinating responses to findings and issues. Recommend and evaluate remediation plans by business units.Oversees regular compliance testing to ensure the effectiveness of policies and proceduresCoordinates testing efforts with External Auditors, Risk Management and other testing functions within the business to share information and otherwise advance the established control processes designed to meet regulatory requirements.Responsible for custody audits, IT General Control audits, and other compliance related auditsRisk Management
Leads and oversees risk assessments prepared internally and externally and provides appropriate levels of reporting to various committees and board of directors.Oversight and tracking of issues and remediation plans; escalates unresolved items as appropriate.Reviews and evaluates internal controls and procedures established to comply with applicable state and federal laws, rules and regulations.Identifies, documents, evaluates and reports to the Risk Management Committee risks associated with products, services, customers and operations.Provides Compliance support to business units by participating in strategic plan initiatives, team development and other business projects.Management
Provides direction and guidance to the compliance team members including outsourced compliance partners.Establishes and maintains regular, direct and informal personal communication with Oxford associates and outsourced partners to build trust and obtain the necessary information to assist in maintaining an effective risk and compliance program.Develops the skills and education of the risk and compliance team to remain current with regulations, best practices and industry trends.Attends or participates in annual off-site training conferences, industry roundtable groups and other on topics related to compliance and risk management trends.Leads the firm’s Risk CommitteeResponsible for the direction/evolution of the Compliance Department as the firm growsQualifications:
JD, strongly preferredBachelor’s degree in finance, business or related area5+ years’ experience at a financial institution in a fiduciary, trust, investment management or wealth management role or experience as a bank regulator is preferredStrong knowledge of the fiduciary regulatory structure and environment (such as OCC rules regarding trust investments and administration, SEC rules, Bank Secrecy Act/Anti-Money Laundering, Customer Identification Program requirements, Gramm Leach Bliley Act requirements, etc.) is required.Ability to conduct research through multiple regulatory resourcesAbility to organize and analyze data into board and committee level reportingMust have a professional demeanor with the utmost respect for confidential mattersMust be able to work independently and in a team environmentMust have excellent written and verbal communication skills with strong interpersonal skillsMust have the ability to work in a high stress, fast paced environmentWorking Conditions:
Minimum travel to market offices and conferencesExtensive phone and computer usage
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