Chief Compliance Officer-Bankoh Investment Services, Inc

JOB DESCRIPTION

Under the direction of the Manager, this position is responsible for managing the internal controls of the firm and for independently monitoring, directing and enforcing all legal, regulatory and internal compliance policies and procedures for the broker/dealer and registered investment advisor. Responsible for the direction and execution of all compliance and operational risk activities of the firm. Ensures the business units compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to FINRA rules and regulations, the Investment Advisors Act of 1940, Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

RESPONSIBILITIES

• Ensures that securities related conduct of the firm, its associated persons and dual Bank of Hawaii (BOH)/BISI employees are in compliance with all applicable laws, regulations and firm and BOH policies and procedures, as a registered compliance principal of the bank affiliated broker/dealer and registered investment advisor. Serves as the Chief Compliance Officer of Bankoh Investment Services, Inc. and administers the brokerage and investment advisory compliance policies and procedures pursuant to the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and state securities rules and regulations. Serves as a member of the key committees pertaining to brokerage and investment advisory activities.
• Reviews, prepares and monitors supervisory compliance for brokerage and investment advisory transactions and operational activity, securities-related correspondence, registration documents, marketing materials and other communications with the public to ensure compliance with applicable securities laws & regulations. Provides on-going independent risk and control monitoring to obtain reasonable assurance that controls are in place and working as designed. Identifies internal control weakness/opportunities for improvement and develops practical solutions for senior management. Reviews corrective action plans (including timetables) and monitors progress of plans through completion.
• Routinely audits compliance with law, regulations, policies and procedures in offices of supervisory jurisdiction and branches, as well all dual employees of BOH/BISI who are FINRA registered. Drafts policies and develops procedures; oversees Know Your Customer (KYC) matters; maintains adherence to the Bank Secrecy Act (BSA), the USA Patriot Act and the Gramm Leach Bliley Act. Attends industry conferences; interacts with regulatory agencies; interfaces with senior management regarding Anti Money-laundering (AML), KYC, BSA, and USA Patriot Act; and provides guidance and training to the firm regarding AML oriented regulatory issues.
• Communicates with and serves as a liaison to regulators including Federal Deposit Insurance Corp., Federal Reserve, Comptroller of the Currency, SEC, FINRA, state securities and insurance commissioners; internal & external examiners and auditors; BOH & BISI Boards of Directors; legal counsel; and Bank marketing & compliance personnel. Serves as Compliance Leadership Committee member, providing input for securities, broker-dealer, or investment advisory related topics and related impact to BISI and BOH. Acts as SEC/FINRA resource contact and liaison for all Bank departments upon request for assistance.
• Responsible for the management of all employees in the section including staffing and scheduling, compensation, performance management, training and development. Goal is to attract, retain, and motivate the team to achieve management business objectives and maintain a favorable employee relations climate. Responsible for the timely and effective management of Human Resources forms and documents relevant to immediate staff.
• Maintains and revises BISI Compliance Manual & Program Statement, Investment Advisory policies and procedures and the Investment Advisory Code of Ethics to reflect changes in applicable laws & regulations, as well as internal policies and procedures. Ensures policies and procedures are appropriately documented and communicated to all employees of the broker/dealer.
• Maintains accurate and current registration filings for the firm and its associated persons with all applicable regulatory bodies including SEC, FINRA, NASD and state securities and insurance commissioners.
• Develops, implements, writes, analyzes and conducts FINRA-mandated continuing education program and state-mandated insurance and continuing education program; maintains records regarding the same.
• Performs all other miscellaneous responsibilities and duties as assigned.

QUALIFICATIONS

1. Education: Bachelors degree from an accredited institution or equivalent work experience. Possesses NASD Series 7, 24, 53, 63 and 65 licenses, life and accident & health insurance general agent licenses.
2. Experience: Minimum 10 years banking or business experience including or in addition to 7 years brokerage and investment advisory experience; 10 years compliance/audit/regulatory experience, and 5 years supervisory/management/leadership experience. Demonstrated work experience interacting with all levels of the organization, and federal / state regulatory personnel, government officials and third party vendor personnel. Project implementation / project management experience required.
3. Technical Skills: Demonstrated proficiency with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, and PowerPoint) or similar software. Knowledge of or ability to use Bank software and systems. Proficiency with FINRA and NASD or similar software.
4. Other Job Qualifications: Comprehensive knowledge of FINRA and SEC rules and regulations. Strong technical knowledge of all applicable federal and state laws and regulations. Excellent written and verbal communication and interpersonal skills. Demonstrated leadership/management and teamwork skills. Strong time management and organizational skills. Able to work flexible hours including holidays, weekends and evenings as needed or assigned. Must be able to provide own transportation and/or commute as required. Travels by air as required.

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow. We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.