Chief Compliance Officer
Job ID #: 50868
Location: NJ-Jersey City
Functional Area: Compliance
Company Name: SunAmerica Asset Management Corp
Employment Type: Full Time - Regular
Education Preferred: JD
Experience Required: 6-9 years
Relocation Provided: No


Position Description
SunAmerica Capital Services, Inc. (SACS) (or the “Firm”) is a limited purpose broker-dealer that serves as principal underwriter with respect to the sale of mutual fund shares and variable annuity contracts. As a wholesaling broker-dealer, SACS enters into selling or dealer agreements with retail broker-dealers, which, in turn, offer shares directly to individual investors. The Firm does not maintain brokerage accounts or engage in traditional retail brokerage activities. The CCO is responsible for ensuring that the Firm and its registered representatives, registered principals and other associates are in compliance with the laws, rules and regulations by which they are governed, including NASD rules. The CCO must be knowledgeable about the laws, rules and regulations to which the firm is subject. He/she should understand the steps needed to maintain the firm’s compliance program and adapt it to a changing regulatory environment. He/she should be familiar with mutual fund and variable annuity products.

Position Requirements
• Ensure that the Firm maintains a system to supervise the activities of each registered representative, registered principal and other associate that is reasonably designed to achieve compliance with applicable securities laws and regulations;
• Ensure that applicable policies and procedures, including written supervisory procedures and manuals, are comprehensive, robust, current and reflect the firm’s business processes and conflicts of interest;
• Establish a compliance calendar that identifies all important dates by which regulatory and compliance matters must be completed and ensure that they are completed on time and properly;
• Ensure that all persons within the firm are trained in compliance-related matters and are competently performing their various functions;
• Ensure that there is a timely and appropriate review of material and repetitive compliance issues;
• Ensure that the testing is conducted as appropriate to detect deviations of transactions from policies or standards and that results of such test are promptly addressed;
• Conduct the Firm’s compliance review process and ensure that recommendations that flow from the review are implemented in a timely fashion;
• Act as the point person in certain internal compliance, NASD and/or SEC audits;
• Conduct compliance meetings with senior management, registered representatives and registered principals periodically;
• Oversee the inspection of offices;
• Oversee review of marketing materials;
• Oversee compliance with relevant gift/entertainment policies and procedures
• Oversee regulatory filings, including amendments to Form BD;
• Develop best practices and automated solutions to compliance issues;
• Keep up-to-date on regulatory matters (attend seminars, etc.);
• Work closely with in-house and outside counsel.

About Us
Retirement Services serves more than five million customers with retirement savings products and services through its vast distribution network of registered representatives, independent broker-dealers, national and regional securities firms, banks and insurance agencies.

The six major businesses that comprise Retirement Services include:

Advisor Group, Inc., one of the largest independent broker-dealer networks in the United States and consists of FSC Securities Corporation, SagePoint Financial, Inc. and Royal Alliance.

SunAmerica Affordable Housing Partners, Inc. (SAAHP), one of the nation's leading investors in low-income housing tax credit transactions and the fifth largest apartment investor in the nation.

SunAmerica Asset Management Corp., a mutual fund and asset management business.

SunAmerica Retirement Markets, Inc., specializing in marketing and distributing retirement savings products through an extensive national network of registered representatives at independent broker-dealers, securities firms and banks.

VALIC, who, for more than half a century, has served as a leading plan provider for K-12 schools and school districts, as well as for higher education and healthcare institutions.

Western National Life Insurance Company, the largest issuer of fixed annuities in the United States and the leading provider of annuities sold through financial institutions.