Head of Broker Dealer Compliance

Head Of Broker Dealer Compliance

DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.

There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing!

DriveWealth LLC is seeking a highly motivated and seasoned Broker Dealer Compliance leader in either our New York or Chicago office to support our multi-asset, fast-paced trading and clearing services environment. Reporting to the Chief Compliance Officer, you will lead initiatives to strengthen the firm's Level 2 compliance program across various product lines and markets.

In this leadership role, you will provide expert guidance on complex regulatory matters including equities, options, trade reporting, margin requirements (FINRA Rule 4210), fully paid securities lending (FPSL) and other regulatory reporting areas. You will be responsible for the direct supervision of compliance staff while shaping firm-wide controls within an innovative and entrepreneurial culture.

What You'll Do

Team Leadership & Supervision

• Direct Management : Supervise a team of compliance professionals, overseeing their daily activities, investigations, and professional development.
• Workflow Oversight : Manage and re-prioritize team workloads to ensure multiple projects and regulatory deadlines are met simultaneously.
• Quality Assurance : Review and approve detailed reports and surveillance investigations prepared by staff to ensure accurate summarization of issues and logical solutions.

Regulatory Advisory & Operations

• Business Advisory : Advise business units on regulatory obligations, new rule proposals, and firm policies.
• Compliance Frameworks : Design, implement, and maintain effective compliance frameworks aligned with SEC, FINRA, NFA, and other regulatory obligations.
• Policy Governance : Oversee the development and maintenance of Written Supervisory Procedures (WSPs) and provide compliance advisory guidance for Level 1 procedures.
• Strategic Partnership : Proactively partner with business management, risk, and technology to ensure sound business operations and facilitate the firm's success.

Monitoring & Surveillance

• Level 2 Oversight : Independently perform and supervise Level 2 compliance reviews to ensure firm-wide adherence to internal standards.
• Surveillance Logic : Enhance surveillance and monitoring frameworks by refining detection logic and identifying patterns in large trade datasets.
• Regulatory Reporting : Develop and analyze data for Compliance management reports and provide periodic status updates on key issues.

Examinations & Inquiries

• Exam Leadership : Lead the firm's response to regulatory exams and inquiries from FINRA, SEC, NFA, CFTC, and other SROs.
• Audit Support : Coordinate the collection of documentation and ensure timely follow-up for all regulatory inquiries.

You Bring

• Bachelor's Degree
• 15+ years of Compliance, Legal, Regulatory, or Financial Services experience.
• Deep understanding of rules governing broker-dealer activities, margin, securities finance, and derivatives.
• Required FINRA Series 7 and 24; additional designations are a plus.
• Strong ability to work with large trade datasets and translate complex requirements into practical control updates.
• Excellent interpersonal and communication skills to interface with all levels of management and build effective relationships.

Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.

Pay Range : $200,000 USD - $225,000 USD Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.

Working at DriveWealth

We do our best work when we're in the same room. To maintain the speed our partners expect, our New York and Chicago teams work in-office 4 days a week. We've found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you're here, you're working directly with the people making the decisions. To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer full insurance coverage, a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous PTO, observed holidays, and extended leave.

Work Authorization

Applicants must possess the legal right to work in the country where the position is located at the time of application. DriveWealth requires all employees to provide original documentation verifying their work authorization on or before their first day of employment.

For US-based roles: Applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future visa sponsorship. DriveWealth does not provide visa sponsorship or support for employment authorization, including transfers, at this time. Offers of employment are strictly contingent upon an individual's ability to secure and maintain the legal right to work at the Company.

How We Think About AI

We leverage AI to work smarter and move faster. We seek AI-curious talent who are proactive about using emerging tools to increase signal quality, reduce friction, and improve outcomes to deliver products faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

Compensation

Pay is generally based on the level, complexity, responsibility, location, and job duties/requirements of the specific position. We then source candidates with the requisite skills, expertise, education, training, and experience. If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.

Equal Employment Opportunity

To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply.

Agency Disclaimer

DriveWealth does not accept agency resumes. Do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.