Director, Investment Compliance & RIA Chief Compliance Officer

<p>We have an exciting opportunity for an investments compliance pro with an entrepreneurial spirit to help build - from the ground up - a Registered Investment Advisor (RIA) subsidiary of Blue Cross Blue Shield of Michigan.&nbsp; The RIA will manage an enterprise-wide multi-billion dollar investment portfolio.&nbsp; This is a unique opportunity to marry your investments knowledge and your compliance expertise to help grow this new business with strong governance and sound practices, right from the start.</p>

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.&nbsp;<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />For Application Timeline &amp; Selection Process:&nbsp;<a href="" target="_blank" rel="noopener noreferrer">Click Here</a>. Learn more about your options as an external candidate. <a href="" target="_blank" title="BCBSM" rel="noopener noreferrer">Click here</a> to view open positions.

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Competitive Total Compensation Package

Overview: <p>This role leads the RIA&rsquo;s compliance function and oversees compliance and regulatory interactions, including regulatory audits.</p>
Responsibilities: <ul> <li>Together with the Compliance Office, develops an overall strategy and vision for the compliance functional areas of the RIA which effectively manages and mitigates risk, establishes proper testing and controls, supports business initiatives, and protects the company from legal and regulatory risk.</li> <li>Executes on strategic and consistent approaches to compliance reviews, issues and/or concerns to minimize the enterprise exposure.</li> <li>Stays abreast of new regulations in line with the Office of General Counsel for compliance.</li> <li>Connects and monitors other corporate supporting areas, as necessary for program effectiveness. Contributes to the Compliance Office in line with other expectations of leaders.</li> <li>Develops and conveys reports to boards for any materials related to compliance.</li> <li>Oversees and monitors policies, procedures, and filings for the RIA Compliance program.</li> <li>Identifies and oversees potential areas of compliance vulnerability and risk.</li> <li>Acts as appointed SEC and CFTC regulatory liaison, coordinating regulatory audits and exams.</li> <li>Provide appropriate support, advice and training to relevant front-office and operational personnel with respect to SEC and CFTC rules and regulations, information barriers, licensing requirements, supervision, and other compliance-issues.&nbsp;</li> </ul>
Requirements: <p><strong>EDUCATION AND EXPERIENCE</strong>&nbsp;</p> <ul> <li>Bachelor's degree in a related field required.</li> <li>Minimum ten (10) years of related experience, including some experience in the compliance department of a registered investment advisor or broker-dealer.</li> </ul> <p>&nbsp;</p> <p><strong>WHAT YOU&rsquo;LL NEED TO KNOW AND BE ABLE TO DO</strong></p> <ul> <li>Extensive knowledge of the Securities Act of 1933, Investment Advisers Act of 1940, and other SEC and FINRA&nbsp;&nbsp; rules.</li> <li>Familiar with rules governing compliance with Global Investment Performance Standards reporting.</li> <li>Thorough understanding of derivatives.</li> <li>Excellent written and verbal communication skills and interpersonal skills to work effectively with internal and external stakeholders.</li> <li>Detail-oriented, accurate, organized, and able to set priorities.</li> <li>Ability to multi-task and adapt to shifting priorities.</li> </ul> <div id="gtx-trans" style="position: absolute; left: -132px; top: 26px;">&nbsp;</div>