Compliance Principal

Modern Woodmen of America; Rock Island (IL); Hybrid; USD 34,000 - 49,000; Full time

Benefits offered by this job

Pay: $30.00 hourly

Hybrid, full-time

Vacation, sick leave, 11 paid holidays

Professional growth opportunities

Excellent benefits package

Beautiful Rock Island office views

On-site Café

Strong community in Quad Cities

Equal opportunity employer

Job summary

MWA Financial Services, Inc. is seeking a Compliance Principal to partner with registered representatives and internal teams to navigate regulatory requirements and support critical compliance programs.

You will review communications, monitor trade practices, and help enhance surveillance processes while enabling responsible business growth within Modern Woodmen of America’s framework.

Qualifications

• Bachelor’s degree. 3+ years experience with investment products, back office systems preferred.
• Ability to pass FINRA Series SIE and 7 within six months of hire, and series 24 and 66 within one year of hire. We provide time to study during work hours to help you achieve this goal. Work towards FLMI designation.
• Strong communication, analytical, organizational, and collaboration abilities.
• Proficiency in Microsoft Office, Teams, and Co-Pilot.
• Detail-oriented, adaptable, and able to work across all U.S. jurisdictions.
• Clean securities background.

Responsibilities

• Review registered representatives’ communications including text messages, email, Microsoft Teams chats and Copilot prompts.
• Identify and report significant compliance exposures and provide recommendations on corrective actions.
• Review registered representatives’ and investment adviser representatives’ trade practices, including discretionary trading models as part of the RIA’s advisor managed platform.
• Provide assistance and guidance to registered representatives regarding compliance issues, firm policies and procedures, and industry regulations.
• Develop, implement and update policies and procedures regarding the firm’s surveillance program.
• Assist in the review and monitoring of registered representatives’ outside business activities.
• Compile documentation, file appropriate paperwork and maintain records; update records, files or databases as needed.
• Provide support across compliance and other department teams including investigation, examination and operations.
• Participate in business level task forces/projects.
• Provide support in the modification and maintenance of compliance systems, including Microsoft Access, Microsoft Purview, and the firm’s trading surveillance system.

Skills

Strong communication

Analytical thinking

Organizational skills

Collaboration

Detail oriented

Education

Bachelor’s degree

Tools

Microsoft Office

Teams

Co-Pilot

Job description

MWA Financial Services, Inc., a registered broker/dealer, investment adviser and wholly-owned subsidiary of Modern Woodmen of America is looking for a Compliance Principal. Join a team where compliance is more than oversight. It is a trusted business partnership. As a Compliance Principal, you will collaborate with registered representatives and internal teams to navigate regulatory requirements, monitor business activities, and support critical compliance programs. From reviewing communications and trade practices to improving surveillance processes and systems, you will help protect the firm while enabling responsible business growth.

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the "member-owned" characteristic of a mutual insurance company with the "social mission" characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Responsibilities

• Review registered representatives’ communication including, text message, email, Microsoft Teams chats and Copilot prompts.
• Identify and report significant compliance exposures and provide recommendations on corrective actions.
• Review registered representatives’ and investment adviser representatives’ trade practices, including discretionary trading models as part of the RIA’s advisor managed platform.
• Provide assistance and guidance to registered representatives regarding compliance issues, firm policies and procedures, and industry regulations.
• Develop, implement and update policies and procedures regarding the firm’s surveillance program.
• Assist in the review and monitoring of registered representatives’ outside business activities.
• Compile documentation, file appropriate paperwork and maintain records; update records, files or databases as needed.
• Provide support across compliance and other department teams including investigation, examination and operations.
• Participate in business level task forces/projects.
• Provide support in the modification and maintenance of compliance systems, including Microsoft Access, Microsoft Purview, and the firm’s trading surveillance system.

What we need

• Bachelor’s degree. 3+ years experience with investment products, back office systems preferred.
• Ability to pass FINRA Series SIE and 7 within six months of hire, and series 24 and 66 within one year of hire. We provide time to study during work hours to help you achieve this goal. Work towards FLMI designation.
• Strong communication, analytical, organizational, and collaboration abilities.
• Proficiency in Microsoft Office, Teams, and Co-Pilot.
• Detail-oriented, adaptable, and able to work across all U.S. jurisdictions.
• Clean securities background.

What we offer

• Pay: The hourly pay for this position is $30.00. The specific rate will depend on the successful candidate’s qualifications and prior experience. Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
• Work Arrangements: This is a full-time hybrid, hourly position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7 a.m.-9 a.m. Hybrid positions work at least four days in office each week. Employees beginning to work in a new hybrid role will be expected to work on-site (five days a week) during the initial training period, which may be up to one year. Hybrid work arrangements are subject to change at any time based on business needs.
• Stability: Modern Woodmen has been Modern Since 1883 and exists for our members. We make long-term decisions that provide stability for our employees, financial representatives, and members.
• Respect for personal time: We offer vacation, sick leave and 11 paid holidays. We value your time outside of work and offer careers that blend work and life well.
• Professional growth: Benefit from our commitment to employee development which includes educational offerings to enhance your knowledge of our industry.
• Great culture: We build strong working relationships across our organization through collaborative work and volunteer opportunities.
• A beautiful office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
• On-site Café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
• A thriving local community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It is home to more than our share of artists, festivals, and fun in every season.
• Exceptional benefits: Our comprehensive benefits package is designed to support your health and financial well-being. Benefits include:
  • Company-paid retirement plan
  • Matching 401(k) plan
  • Employee Impact Bonus
  • Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
  • Group term life insurance.
  • Long-term and short-term disability.
  • Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance

Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person’s diverse opinions, attitudes, attributes, and feelings are respected.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.