Arete Wealth Inc.
Position: Full-time
Title: Compliance Principal

The Company

Through its full-service broker-dealer, registered investment advisor, and insurance units, Arete Wealth Inc. has offered comprehensive and sophisticated wealth management services for investors, clients, and partners since 2007. The Nashville-based firm offers high-net-worth investors access to a unique suite of alternative investments in addition to providing services that include investment banking, private equity programs, and other traditional financial planning.

Arete Wealth is one of the fastest-growing wealth management firms in the country with its services offered across 100 offices and 300+ advisors.  The company office in Chicago has been recognized as one of “Chicago’s Coolest Offices” by Crain’s Chicago and is known for its elevated style and impressive private art collection. The firm is also known for its fast-paced environment, extremely competent staff, and the great care taken with advisors, clients, and employees.

In addition to the Chicago office, the firm has its headquarters in Nashville, Tennessee.  This posted role is based in Nashville.

The Role

Center Street, a division of Arete Wealth Inc., has an opening for a Compliance Principal in Nashville, TN. As titled, this position has duties related to compliance and supervision of the business, which is primarily focused on supporting our financial advisors and their clients. Candidates should be interested in working in a self-driven, fast-paced environment. Previous financial services industry experience will be given preference.

Position Responsibilities

• Reviewing and approving new account applications through use of electronic imaging and workflow system
• Reviewing and approving account maintenance requests including but not limited to transfers and cashiering items.
• Reviewing and approving investment suitability and recommendations
• Request supporting documentation, corrections or further suitability information from the advisor or field management regarding account document paperwork
• Assist in high level problem solving that arises in the course of processing client and rep business
• Reviewing daily new account status and follow-up on outstanding items
• Address supervisory issues and discrepancies with the Compliance Dept. as necessary to assure compliance with FINRA rules and ensuring compliance with AML program regarding new account opening
• Reviewing daily/weekly/monthly exception reports
• Maintain a current understanding of all company policies and procedures, as well as regulatory rules and initiatives that apply to our business
• Help develop and maintain procedures, processes and assist in the maintenance of applicable department IOP’s and WSP’s
• Work with other department groups as needed
• Perform other duties and projects as assigned or that become necessary to fulfill the firm’s supervisory responsibilities and needs.

Qualifications

• FINRA Registrations: Series 7, 24, 66 (or 63 & 65)
• Advanced knowledge of FINRA & SEC Regulation
• Excellent skills and experience with working with and Microsoft Office 365 (Outlook, Word, Excel, etc.)
• Excellent written, verbal, listening and fact-finding skills. Ability to take initiative
• Proven analytical, problem-solving and decision-making skills
• Ability to manage internal teams with regards to project scope and specific delivery
• The successful candidate must have an aptitude for technology, embrace change, and have a desire to learn
• Willing to enhance education through training and industry education and additional licensing if desired.
• Experience preferred in the financial services industry, including general knowledge of products, clients, regulations, and competitors, knowledge of the alternative asset industry also a plus
• Ability to work at varying speeds and under timeframe pressure, performing as a self-driven executive while maintaining extremely high standards
• Minimum of Bachelor’s Degree (BA/BS)

Benefits offered:

• Generous PTO schedule
• Health, dental, and vision insurance with partial premium coverage provided by the firm
• 401K after six months
• Salary range of $70,000-80,000 depending on the successful candidate’s experience.

Email your resume to marketing@aretewealth.com