Operations and Compliance Associate - Syosset, United States - 4Thought Financial Group Inc

Description

Job Description:

Title: Operations and Compliance Associate (for an independent SEC Registered Investment Adviser (RIA))

Anticipated Start Date: March 2024 (exact date TBD)

Summary Description: The operations and compliance associate will work on a salaried/ fixed-compensation basis in all aspects of internal financial services operations and legal/compliance implementation for an independent SEC Registered Investment Adviser firm based in Syosset, NY (on Long Island), primarily under a hybrid remote/in-person format, with a potential career path to be groomed to ultimately become the firms Chief Operations Officer and/or Chief Compliance Officer. The optimal candidate will be self-driven with an intense focus on attention to detail, expediency, and a high capacity to learn and implement technical skills under the tutelage of senior management.

Career Opportunities: Potential for promotion to Operations/Compliance Manager with career path to eventually become the firms Chief Operations Officer and/or Chief Compliance Officer.

Prior Work and Educational Requirements:

Bachelors Degree (required)

2 or more years experience working in the financial services industry or legal profession (required)

MBA, Law, or other technical graduate degree such as Engineering or Info Technology (preferred)

Experience working in a financial services operations or compliance role (preferred)

Licenses: Series 65 Investment Advisory License (Must have or obtain during first 6 months of employment)

Duties:

Learn and execute recurring tasks within the firms existing operations/compliance processes and technological systems framework.

Interface with new and existing clients to gather data and generate electronic paperwork for signatures.

Process incoming checks and other correspondence, and perform other administrative tasks.

Generate client proposals in coordination with team member Investment Adviser Representatives.

Execute new client account opening processes and existing client service requests according to preset tasks.

Assist the firms chief compliance officer in executing ongoing and recurring quarterly/annual compliance tasks.

Retirement Plan Services record keeping and contribution/distribution processing, plus annual administration.

Back up the Portfolio Management Team for client cash flow requests (deposits and withdrawals) as needed.

Review firms legal and compliance documents for possible edits/ revisions and present to the CCO for approval.

Maintain an awareness of regulatory changes and any potential need to update firm compliance procedures.

Identify, research, and present ways to improve operational efficiency to senior management for consideration.

Location and Time:

The first 6+ months will be worked in-person full time at our office in Syosset, NY.

After this initial training and trial period, the opportunity to switch to Hybrid work will be provided (40% remote, 60% in-person at office in Syosset, NY).

Hours of operation are 9:00am to 5:00pm Mon-Thursday, 9:00am-4:00pm on Fridays.

Compensation:

Salary: $50,000/year (Year 1 starting compensation) 1099 during 6+ month trial period, W-2 thereafter

Bonus: Participation in firm-level quarterly bonus pool possible after 1 year of exemplary employment

Benefits: 50% of Health Insurance cost is covered by employer starting after preliminary 6+ month trial period; Long Term Disability Insurance is available

Paid Time Off: 15 days per calendar year (inclusive of personal, vacation, and sick days). Days do not roll over to the following year if they go unused. All stock market holidays are observed by the firm (offices are closed).

Application Submissions: Send your resume via email to Include the job title Operations and Compliance Associate in the subject line.