Compliance Consultant

Job description

Company Overview:

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 new and established financial advisors who want to serve a younger clientele, and provides its members compliance support services, marketing support, business tools and templates, a wide range of technology solutions, and our various service lines.

XYPN was nationally recognized as one of The 346 Best Places to Work in 2019 by Inc. magazine. In addition, we have earned accolades in 2018, 2019, and 2020 as one of the Fastest-Growing Private Companies in Montana and in the US by Inc. magazine. This is an opportunity to join a rapidly growing company that is reshaping the financial services industry for the better.

Our mission is to “help people live their great lives”. We have the honor of helping tens of thousands of clients achieve their great lives by supporting the financial advisors who guide them in the financial planning process. We also have the privilege of helping over 1,200 financial planning entrepreneurs achieve their great lives by supporting their businesses' start and growth. Finally, we have the pleasure of helping our 60+ team members live their great lives by being a place where they want to come to work, supporting their unique life circumstances, and ultimately making a difference in the world so we can all leave our mark.

About the Position:

We’re searching for a full-time compliance expert to join our growing team of compliance professionals. As an XYPN Compliance Consultant, you’ll have the opportunity to showcase your knowledge of State and SEC Investment Adviser regulation as you work with fee-only advisors from coast to coast through XYPN’s member-exclusive compliance coaching services. What exactly do those services entail? Glad you asked! Through XYPN’s ongoing compliance coaching services, XYPN members have monthly or quarterly calls with a dedicated compliance expert (like you!) who know the specifics of their firm, understand their compliance needs, and help them develop and refine their compliance program as their firm grows. Our goal? To help new and established advisors understand and embrace their role as Chief Compliance Officer of a State or SEC registered firm.

Because you’ll never hear us say, “This is the way it’s always been done,” you’ll be expected to continually improve our ongoing compliance coaching program as the needs of XYPN members evolve. Working alongside XYPN’s Senior Compliance Consultant and Director of Compliance, you’ll track core metrics to measure the ongoing success of the program, determine how capacity and efficiency are influenced by certain components of the program, and to inform changes to the program to ensure we’re delivering the quality results XYPN members expect from us.

And the fun doesn’t stop there! You’ll also have the chance to help with other department-level projects and/or initiatives, like developing guides and other resources for new and established firms to aid them in developing and refining their compliance program. And, as a go-to compliance expert, you’ll collaborate cross-departmentally to deliver an exceptional XYPN experience to all XYPN members.

    What You’ll Do:

      • Deliver our ongoing compliance coaching services to approximately 40 RIA firms via monthly and/or quarterly coaching calls (you’ll have 2-3 calls every day)
      • Effectively manage your time and schedule independently (no micromanaging here)
      • Assist with additional state registrations and SEC registration for your coaching clients when needed, and ensure they’re billed for additional services (because, hey, it’s nice to get paid)
      • Help update and refine core compliance documents for your coaching clients, including Form ADV, Form U4, Policies & Procedures, and Business Continuity Plans, in addition to other common RIA documents and manuals (and ensure your coaching clients are billed appropriately for these additional services)
      • Track 3-5 core metrics to measure and assess the continuous success and development of the compliance coaching program
      • Maintain an active presence in our member compliance forum by answering compliance-related questions (and don’t be afraid to do a little research when necessary)
      • Conduct regulatory research and write blogs on relevant compliance topics to showcase the impressive expertise of XYPN’s in-house Compliance team
      • Host monthly/quarterly compliance webinars for both members and prospective members
      • Stay up to date with and well-versed in the current regulatory environment, proposed and final rule releases, interpretative releases, and other relevant communications by state and SEC regulators
      • Measure your time and utilization against revenue from coaching clients to ensure our coaching program is a sustainable business
      • Offer project and task management support to your fellow Compliance team members
      • Answer high-level regulatory questions for other XYPN team members
      • Support XYPN’s Compliance Specialists with executing RIA Initial State Registrations and processing ADV Updates (when needed)
      • Help create compliance resources including templates, how-to guides, and Q&As for advisors who are launching and growing their firms

      The Deets:

      • Start Date: Immediately
      • Status: Full-time (40 - 45 hours/week w/flexible schedule)
      • Location: Bozeman, MT (ability to work virtually until coronavirus restrictions are lifted and we reopen our office)
      • Department: Compliance
      • Reports to: Director of Compliance

      Compensation & Benefits:

      • Salary: $86,808
      • Unlimited vacation days to maintain work-life harmony (we require that you take a minimum of 3 weeks of vacation per year)
        • 8 paid holidays when the office is closed
        • 401(k) with match; you put in 6% and we put in 4.5%
        • 12 weeks of paid maternity/paternity leave for the birth or adoption of a child
        • Health insurance w/employer contribution
        • Dental, Vision, Voluntary Life and AD&D, and Accident insurance options
        • Employer paid Life and AD&D insurance
        • Employer paid Long Term Disability coverage
        • $600/year to cover the cost of working with a financial planner, plus up to $500 toward the upfront fee
        • $250/quarter to spend on yourself specific to our core value of “Be Well Being You”
        • $500 donated to a non-profit organization of your choice when you volunteer 40 hours within the calendar year
        • $2,000/year available in Professional Development Funds
        • A sabbatical program that includes a cash bonus and extra time off at 5, 10, and 15 years
        • Subsidized employer-sponsored childcare through our internal child care program
        • $5,000 relocation package available to those moving to Bozeman, MT
        • Company-owned laptop computer provided
        • Please see our Policies and Procedures Manual to learn more about our company and benefit offerings


        What You’ll Bring to the Table:


        • Authorized to live and work in the United States
        • 3-5+ years working experience surrounding RIA regulation and requirements
        • The ability and desire to work both independently as well as collaboratively with teams
        • A strong ability to manage multiple projects and tasks while staying on track with deadlines and establishing priorities effectively
        • Excellent communication and interpersonal skills. This position will be largely relationship focused
        • Proficiency with leveraging multiple technology solutions to manage all of your engagements and communications. The ability to leverage cloud based technology solutions and adapt rapidly to changes in tech solutions and processes is a must

        What Would Make Us Drool:

        • Experience working with investment adviser regulations and requirements of multiple states as well as the SEC
        • IACCP Designation or other professional designation demonstrating knowledge of investment adviser compliance
        • Several years of experience as a CCO of a State and/or SEC registered RIA
        • Experience as a State and/or SEC regulator or examiner working with investment advisers


        • Cover Letter
        • Resume
        • Applications will be reviewed as they are received

        XY Planning Network believes that our team members, and the individual identities and experiences of our team members, are our key differentiators. We won't settle for mere acceptance of each other's differences because we maintain that our team is better because of our differences, not in spite of them. As such, our culture celebrates, champions, supports, protects, and thrives on our various and collective identity categories. XYPN is beyond proud to be an equal opportunity employer.