Missouri Secretary of State
  • 28-Feb-2020 (CST)
  • Jefferson City, MO, USA
  • $3,139.00-$3,761.00 monthly
  • Salary
  • Full Time

Job Duties and Responsibilities:

  • Conduct compliance exams and inspections authorized by the Missouri Securities Act of 2003. The examinations are conducted on-site at the location of the investment adviser (IA) or the broker-dealer (BD) or are "desk exams" conducted remotely.  Examinations involve the application of the electronic examination modules (commonly referred to as "NEMO") designed by the North American Securities Administrators Association (NASAA).  A Compliance Examiner schedules assigned exams, prepares notices for exams and prepares the initial document request list.  A Compliance Examiner reviews documents, interviews employees, interprets applicable laws and regulations to assess deficiencies and non-compliance.  After completing an examination, a Compliance Examiner prepares a deficiency letter that includes pertinent observations, findings, evaluations and recommendations.
  • At times, a Compliance Examiner may need to identify violations of applicable laws and regulations and recommend the opening of a formal investigation. A Compliance Examiner may assist Investigators during the investigation of the registered entity.  A Compliance Examiner may prepare examination summaries and may assist in the preparation of public documents, which identify the most common BD/IA deficiencies and the most egregious deficiencies that lead to enforcement cases.  
  • A Compliance Examiner may be required to prepare monthly reports regarding the status of their open examinations.
  • A Compliance Examiner will review applications of Investment Advisers that desire Missouri registration. This includes reviewing for compliance these items:  Client Agreement, Balance Sheet, Form ADV, Form ADV Part 2A & 2B, firm's website, and a review of Web CRD for firm disclosures and I.A. representative(s) disclosures.  Detailed guidance for this review is available in the Examiner Reference Manual.
  • A Compliance Examiner will review applications for Broker-Dealer registration. This involves a review of net capital, firm and agent disclosures, home state approval, types of business to be conducted and checking for any outstanding liens and/or judgments.  Additional information is included in the Examiner Reference Manual.
  • A Compliance Examiner will review Broker-Dealer Agent Applications and Investment Adviser Representative Applications for Missouri registration. This involves a review information about the individual on the Web CRD including bankruptcies, outstanding lies or judgments, and disclosures.  In addition, a review the individual's balance sheet for solvency is conducted.  The checklist provided in the Examiner Reference Manual provides guidance for examiners regarding this task.

Knowledge, Skills and Abilities:

  • A Compliance Examiner must be skilled at using auditing techniques and practices to apply rules and guidelines to specific circumstances so they may identify deficiencies and violations.
  • Familiarity with customary record keeping and management practices in the securities or general business industry.
  • The ability to communicate effectively with industry professionals, co-workers and management.
  • Must be able to pay particular attention to details, be task-oriented, and be able to communicate effectively in writing.
  • Must have good organizational skills and the ability to work independently with limited direction.

Qualifications:

  • A bachelor's degree is preferred, with finance, accounting or a related discipline desired. Experience in the securities industry, compliance, investment regulatory or accounting is a positive. Additional education and experience will determine the classification of the position.

 

Missouri Secretary of State
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