Head of Broker Dealer Compliance

About the role

DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options. There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing! DriveWealth LLC is seeking a highly motivated and seasoned Broker Dealer Compliance leader in either our New York or Chicago office to support our multi-asset, fast-paced trading and clearing services environment. Reporting to the Chief Compliance Officer, you will lead initiatives to strengthen the firm's Level 2 compliance program across various product lines and markets. In this leadership role, you will provide expert guidance on complex regulatory matters including equities, options, trade reporting, margin requirements (FINRA Rule 4210), fully paid securities lending (FPSL) and other regulatory reporting areas. You will be responsible for the direct supervision of compliance staff while shaping firm-wide controls within an innovative and entrepreneurial culture.

Responsibilities

• Team Leadership & Supervision
• Direct Management : Supervise a team of compliance professionals, overseeing their daily activities, investigations, and professional development.
• Workflow Oversight : Manage and re-prioritize team workloads to ensure multiple projects and regulatory deadlines are met simultaneously.
• Quality Assurance : Review and approve detailed reports and surveillance investigations prepared by staff to ensure accurate summarization of issues and logical solutions.
• Regulatory Advisory & Operations
• Business Advisory : Advise business units on regulatory obligations, new rule proposals, and firm policies.
• Compliance Frameworks : Design, implement, and maintain effective compliance frameworks aligned with SEC, FINRA, NFA, and other regulatory obligations.
• Policy Governance : Oversee the development and maintenance of Written Supervisory Procedures (WSPs) and provide compliance advisory guidance for Level 1 procedures.
• Strategic Partnership : Proactively partner with business management, risk, and technology to ensure sound business operations and facilitate the firm's success.
• Monitoring & Surveillance
• Level 2 Oversight : Independently perform and supervise Level 2 compliance reviews to ensure firm-wide adherence to internal standards.
• Surveillance Logic : Enhance surveillance and monitoring frameworks by refining detection logic and identifying patterns in large trade datasets.
• Regulatory Reporting : Develop and analyze data for Compliance management reports and provide periodic status updates on key issues.
• Examinations & Inquiries
• Exam Leadership : Lead the firm's response to regulatory exams and inquiries from FINRA, SEC, NFA, CFTC, and other SROs.
• Audit Support : Coordinate the collection of documentation and ensure timely follow-up for all regulatory inquiries.
• You Bring
• Bachelor's Degree
• 15+ years of Compliance, Legal, Regulatory, or Financial Services experience.
• Deep understanding of rules governing broker-dealer activities, margin, securities finance, and derivatives.
• Required FINRA Series 7 and 24 ; additional designations are a plus.
• Strong ability to work with large trade datasets and translate complex requirements into practical control updates.
• Excellent interpersonal and communication skills to interface with all levels of management and build effective relationships.
• Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.
• New York, NY - Hybrid
• Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.
• Pay Range : $200,000 USD - $225,000 USD
• Working at DriveWealth
• We do our best work when we're in the same room. To maintain the speed our partners expect, our New York, Chicago, and Lithuania tea

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