Compliance Specialist

About Good Life
Good Life Companies is a fast-growing, independent RIA platform that empowers financial advisors to achieve true independence and long-term success. We provide the education, tools, and ongoing support advisors need to build, manage, and grow thriving independent practices—so they can focus on what matters most: serving clients, growing their business, and living their version of the good life.
Position Summary
The Advisor Service Coordinator (ASC) provides high-level guidance and support to financial advisors in their service-related needs. The ASC will collaborate closely with advisors to understand their specific requirements, analyze their current service processes, and identify areas for improvement. Using extensive knowledge and experience in service management, the ASC will develop tailored strategies, recommend best practices, and implement solutions to enhance service quality, efficiency, and customer satisfaction. The ASC will assist advisors in optimizing their service operations and achieving their business objectives.
Key Responsibilities
Essential Roles and Responsibilities
Consultation with financial advisors and internal staff to provide direction on maintaining advisor offices in accordance with federal and state regulations, FINRA and other SRO regulations and broker/dealer policies and procedures.Responsible for independently performing all functions of financial advisor examinations, including thorough evaluation of advisor activities to assess/monitor compliance with company policies and procedures as well as applicable federal and state laws and regulations (may be onsite or virtual depending on the needs of the business).Monitor and support the compliance practices of each individual financial advisor and the books and records requirements of each office to ensure adherence to compliance with all applicable regulations.Accountable for planning and preparation of pre-audit material, scheduling of exams, follow-up with financial advisors, and support to sustain successful compliance practices.Prepare an audit letter based on deficiencies identified during examinations and provide instructions, both verbally and in writing, to correct deficiencies and operate a financial advisor office that is in compliance with all regulations.Use all company-provided tools and systems required to perform thorough audit, monitoring, and document findings in detail.Collaborate with peers and leadership to streamline processes and create efficiencies for the compliance department.
Daily and Monthly Responsibilities
Coordinate the filing of the weekly, monthly and quarterly responses of all affiliated personnel.Coordinate onboarding procedures for new advisors.Collect and document Client Annual Reviews and Account Reviews; Business Continuity Plans; Personal Securities; Advisor Correspondence; and Financial Plans.Respond to inquiries from FINRA and state securities regulators.Review FINRA U4 disclosure related documentation and providing guidance to registered individuals on disclosure reporting requirements.Lead Licensing and Registration projects that require cross-organizational partnership with business partners.Investigate medium-complexity issues independently, conducting in-depth reviews of internal business practices, to identify potential problems and mitigate risk, and make appropriate recommendations.Research applicable laws and regulations, and analyze their effect on policy, requiring working knowledge of laws, regulations and internal policies related to Compliance.Conduct transaction reviews, monitor daily reports and alerts for reports of unusual activity and field calls from advisors and internal business partners via a phone queue.Manage multiple and changing priorities, expectations and concerns while working closely with the financial advisors in a focused and responsive manner.Assist efforts to improve internal processes and procedures.Create and maintain reporting and dashboard for compliance and operational leadership.Support senior leadership in managing risk, compliance, and control initiatives.Provide research and analysis (quantitative and qualitative) and make recommendations or develop solutions to improve product processes, policies, and programs. Respond in timely manner to all regulatory, compliance, audit requests for information. Provide regulatory and policy-driven guidance and consultation to business partners.Inform senior compliance leadership about issues that may involve rule violations or potential liability.Identify, recommend, and work with other areas of the firm to automate and streamline functions to improve operational efficiencies of compliance systems.Assist management to implement adequate controls and quality assurance processes to detect and address potential compliance problems.Serve as a compliance liaison on various committees and projects that represent the department's interests.Ensure effective coordination within internal and external assigned work groups.Other duties as assigned.
Qualifications  EducationHigh school diploma or GED required.Bachelor's degree in finance or business preferred.
Experience3 years experience in compliance required.2 years experience in the financial services industry required. FINRA securities registrations (SIE, Series 7, and 66 (or 63 and 65)) required.Series 24 preferred (or willingness to obtain within 180 days of hire).
Working Conditions
Physical DemandsRequires vision, speech, and hearing, and a low level of physical activity to include sitting, standing, walking, lifting, and carrying as required.
Environmental FactorsPrimarily Indoors, office setting.

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