Compliance Consultant

Job description

Position: Compliance Consultant

  • Hours: Full-time (Regular - Exempt). The position is expected to work 40 hours per week, but schedule is flexible.
  • Location: Bozeman, MT preferred / remote-based considered for the right candidate
  • Start Date: Immediate
  • Applications will be reviewed as they are received

Overview of XYPN:

XY Planning Network (XYPN) is the leading organization for fee-only financial advisors who want to serve their Gen X and Gen Y peers providing comprehensive financial planning services for a monthly subscription fee and without product sales or asset minimums. The Network offers a virtual community for awesome new and established financial advisors who want to serve a younger clientele, and provides its members with compliance support services, marketing support, business tools and templates, and a wide range of technology solutions.  

Our motto? We do good work, with good people, for good people. Our team is passionate about supporting the best in the business!

XY Planning Network is headquartered in the heart of Bozeman Montana's historic & vibrant downtown. We like to keep our work environment fun and relaxed, while accomplishing our mission. We also pride ourselves on inclusivity, diversity, and respect for each and every team member -- along with each member in our network. We want XYPN to be somewhere you WANT to come to work each and every day, and where every team member plays an intricate part in building and maintaining that culture. 

Job Description: 

XYPN is looking for an experienced Compliance Consultant that is is familiar with RIA compliance, including state, SEC, and FINRA regulatory statutes, policies and procedures and industry best practices. This Compliance Consultant will need to be familiar with state audit practices and interpretations, and have some experience with ongoing compliance task management using a system of recurring tasks. In addition, the ideal candidate will be an effective communicator and will exhibit the ability to quickly interpret guidance provided by advisers, and create action items based on conversations with a firm’s Chief Compliance Officers. The Compliance Consultant will provide support on projects currently executed by XYPN Compliance team, and will be responsible for delivering ongoing services under our premium service offerings. In addition, the Compliance Consultant will provide audit support for virtual and onsite mock examinations, as needed. The Compliance Consultant will be responsible for answering firm compliance questions via email and through weekly compliance office hours sessions.

The ideal candidate possesses sufficient compliance knowledge to assist with high-level RIA firm compliance questions, is comfortable being on the phone often, and will be proficient with organizational call scheduling/call tracking. The Compliance Consultant must communicate effectively in both verbal and written forms, be a meticulous note-taker, and possess the ability to follow processes, while suggesting changes to existing processes when inefficiencies are identified.

We’re looking for a teammate that is passionate about financial planning and the mission of XYPN, and embraces our core values. The ideal candidate enjoys a collaborative working environment, and is ready to be an active contributor on the team of a growing startup. We hire folks that are great at what they do and don’t need to be micromanaged. Accordingly, we expect team members to be willing to exert themselves when necessary to ensure the job gets done in the most effective way possible, in pursuit of advancing our vision of expanding access to financial planning for consumers through expanding the reach of financial advisors.

In summary, the Compliance Consultant is a technician focused role within XYPN’s Compliance Team, designed to provide ongoing compliance service and support directly to our members and their firms. You will be communicating with our members regularly to provide exceptional ongoing compliance support through email, a compliance forum, group office hours calls, and direct one on one phone calls. You will work alongside a growing, rockstar compliance team and will report to our Director of Compliance, Travis Johnson.

You can see the entire XYPN team HERE.

Primary Responsibilities:

  • Execute Premium Compliance Services, Including ADV Updates, Additional State Registrations, Adding and Terminating Investment Adviser Representatives, U4 filings, and updating Compliance Documents
  • Maintain a system of recurring calls with adequate scheduling and tracking to ensure that ongoing services are being fulfilled
  • Host Weekly Office Hours calls with our members around RIA state registration and the XYPN Initial Registration Process
  • Host Weekly Office hours calls with our existing firms
  • Maintain presence in our member forums to answer compliance related questions.
  • Conduct research and write blogs on relevant compliance topics
  • Design expanded compliance service offering and provide to compliance team for testing and implementation
  • Provide support and documentation gathering for virtual and onsite mock audits

Additional Responsibilities:

  • Providing project and task management support for XY Planning Network’s compliance department
  • Addressing high-level regulatory questions for other XYPN Team members
  • Participate in Annual XYPN Team Retreats & Attend All-Hands meetings and Town Halls
  • Support Compliance Associates with executing RIA Initial State Registrations and processing ADV Updates (when volume dictates)
  • Attend and represent XYPN at our National Conferences
  • Assist with the creation of compliance resources including templates, how-to guides, and Q&As for members launching and growing their firms


Required Qualifications:

  • At least 3-5 years working in an RIA compliance role

What would make us drool:

  • Experience overseeing IAR’s in an RIA in some capacity

  • Has been a Compliance Officer for an RIA or taken on similar responsibilities

  • Has previous experience communicating with multiple state securities regulators

Compensation & Benefits:

  • Salary: $67,472 - $74,219, depending on level of accountability that one is able to take on from the start

  • 401K (4.5% match on 6% contribution)

  • Paid health insurance 

  • 8 paid holidays

  • Open vacation policy (Required to take a minimum of 3 weeks per year)

  • Please see our Dream Team Handbook for a full list of benefits

  • Relocation package available, if applicable