VP of Compliance, Marketplace

  • Figure
  • Remote (Montana, USA)
  • Jan 06, 2023
Full time Business Development QA-Quality Control

Job Description

About The Role

Chief Compliance Officer of Marketplace will lead the Marketplace compliance team, including the broker-dealer and RIA compliance teams, and oversee the related compliance, regulatory and audit functions. Chief Compliance Officer of Marketplace will assume primary responsibility for assuring broker-dealer compliance with SEC, FINRA, and state rules/regulations as well as all other federal statutes and trends, effectively manage and mitigate risk, establish proper controls and protect Figure’s Marketplace from legal and regulatory risk. 

What You’ll Do

  • Develop, implement and maintain the Marketplace compliance program, including the broker-dealer and RIA compliance programs.
  • Lead a team of qualified compliance professionals.
  • Provide appropriate support, advice and training to relevant stakeholders with respect to FINRA and SEC rules and regulations, licensing requirements, and other compliance-related issues.
  • Serve as the primary point of contact for and manage regulatory examinations and inquiries, external audits, and third party diligence requests, including for SEC, FINRA and state regulatory bodies.
  • Drive corrective action process across all Marketplace products, including collaborating across business units to resolve, document issues and investigate, develop, and implement appropriate corrective action plans in response to regulatory, testing, or audit findings.
  • Serve as Compliance resource for the building of new products and maintenance of existing Marketplace products, including assessing compliance implications of new and current Marketplace products.  conducting regulatory research as necessary, drafting disclaimers and disclosures, conducting testing, and reviewing application flows and product processes.
  • Ensure broker-dealer compliance with SEC, FINRA, and state rules/regulations as well as all other federal statutes and trends.
  • Identify current and emerging regulatory risks, implement risk mitigation plans, and provide guidance to relevant stakeholders.
  • Maintain Form ADV Parts 1 and 2A and file annual amendments and interim ADV updates.
  • Maintain procedures in areas such as best execution, share class analysis, due diligence, performance reporting, proxy voting, and advertising.
  • Review and approve marketing materials and other public communications.
  • Develop and execute appropriate testing programs to verify compliance with relevant rules.


What We Look For

  • 5+ years of senior broker-dealer compliance experience in a compliance department of a registered broker-dealer
  • Experience leading a team
  • Experience leading regulatory examinations and inquiries, external audits, and third party diligence requests, including for SEC, FINRA and state regulatory bodies.
  • Thorough knowledge of Securities Act of 1933 (including Reg D), Investment Advisers Act of 1940, and other SEC/FINRA rules and regulations
  • Exceptional communication skills (verbal and written), from novice to expert audiences and explanatory to advocacy circumstances
  • Exceptional judgment and integrity
  • Ability to work cross-functionally with ease
  • Strong work ethic and high attention to detail
  • Strong operational abilities with an eye for optimizing and improving procedures
  • Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes
  • Series 7, 24 (required)
  • Knowledge of and experience with blockchain applications a plus

Benefits and Perks

  • Competitive salary and growth opportunities 
  • Company quarterly performance based bonus
  • Equity stock options package
  • Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
  • Employer funded life and disability insurance coverage
  • Company HSA, FSA, Dependent Care, 401k, and commuter benefits
  • Up to 12 weeks paid family leave 
  • In office, remote, and hybrid work location options
  • Home office and technology stipend for those working outside of a traditional office more than 75% of the time
  • Flexible time-off plan to empower employees to take the time off that they want and need
  • Continuing education reimbursement
  • Routine Team swag deliveries!

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing  and acknowledging that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.