Regulatory Compliance Officer

  • Competitive
  • Hauppauge, NY, USA
  • Permanent, Full time
  • Northstar Financial
  • 22 Nov 17 2017-11-22

The Regulatory Compliance Officer is responsible for ensuring that the services offered by Northern Lights Compliance Services, LLC ("NLC"), a wholly owned subsidiary of NorthStar Financial Services Group, LLC ("NorthStar") are structured appropriately to comply with legal and regulatory requirements, operating policies of the firm and industry best practices. This position will also take lead on responding to regulatory inquires involving NLC and its services and may also provide compliance consulting services to NLC clients.


• Reviews and drafts firm operating policies, procedures and guidelines
• Ensures employee adherence to operating policies, procedures and guidelines
• Ensures firm compliance with applicable federal securities laws
• Assists in reviewing, drafting and updating compliance manuals on behalf of the firm’s clients
• Provides interpretative advice to NLC personnel as to the federal securities laws, relevant rules and regulations
• Presents information and provides expert advice to mutual fund boards both in-person and via telephone as requested
• Prepares and/or participates in the preparation of periodic compliance reports which includes review and analysis of various mutual fund and advisory client compliance programs.
• Participates in preparing materials and presentations for regular and special board meetings involving NLC services
• Serves as point person to handle, research and respond to regulatory inquiries from the SEC, FINRA and other regulatory authorities involving NLC and its services to its clients
• Keeps firm personnel apprised of new regulatory developments impacting NLC’s service offerings
• Establish procedures to review and test personnel adherence to firm operating policies procedures and guidelines
• Establish procedures to review and test the effectiveness of NLC’s services to its clients
• Ensures proper training and implementation by firm personnel of firm policies, procedures and guidelines
• Attends industry conferences and seminars as assigned

May perform other duties as required and assigned.

• Frequent contact with NLC personnel and service provider personnel
• Develops and maintain good working relationships with NLC personnel, service provider compliance officers, as well as management

• In-depth understanding of applicable SEC rules and regulations
• Working knowledge of securities regulatory requirements, investment limitations, and operating policies for mutual funds
• Working knowledge of FINRA rules and regulations
• Working knowledge of the Investment Company Act of 1940
• Working knowledge of the Investment Advisers Act of 1940
• Working knowledge of complex mutual fund products including closed-end and closed-end interval funds, exchange traded funds, alternative investments, CFCs, commodities, swaps, and currencies
• Ability to focus on clients and manage multiple activities
• Ability to multi-task while maintaining careful attention to detail
• Ability to work with a sense of urgency to meet deadlines and address competing priorities
• Ability to work effectively both individually with little direct supervision and within a team environment
• Ability to maintain confidentiality concerning sensitive confidential client information
• Proficient skills with Microsoft Office software including Word, Excel, PowerPoint and Outlook
• Effective written, listening and verbal communication skills
• Effective problem solving and organizational skills
• Effective presentation skills

• Bachelor's degree in Business Administration or related field required
• Juris Doctorate

• 5-10 years regulatory experience at the SEC strongly preferred
• Mutual fund compliance and/or investment adviser compliance experience required
• Prior financial services due diligence experience preferred
• Prior auditing or legal experience preferred
• Prior experience working with hedge funds and/or alternative investments preferred
 *Equivalent education and experience will be considered

The statements in this document are intended to describe the general nature and level of work being performed by individuals assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, knowledge, skills, and abilities required of individuals so classified. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job duties and responsibilities.

Normally works in a general office environment with the use of computer, printer, telephone, copier, fax, and calculator. Lighting and temperature are adequate and there are no hazardous or unpleasant conditions caused by noise, dust, etc.

Travel may be required up to 15% of the time.