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St. Louis Field Office
Definition: A Compliance Auditor conducts examinations and inspections of registered broker-dealers and investment advisers.
Job Functions and General Responsibilities: A Compliance Auditor conducts compliance audits and inspections authorized by the Missouri Securities Act of 2003. The examinations are conducted on-site at the location of the broker-dealer (“BD”) or investment adviser (“IA”), or are “desk audits” conducted remotely. Examinations involve the application of the electronic examination modules. Compliance auditors prepare notices for audits, initial document requests, and written inspection inquiries. Compliance Auditors review documents, interview employees, and interpret applicable laws and regulations to assess deficiencies and noncompliance. After completing examinations, auditors prepare deficiency letters which include pertinent observations, findings, evaluations and recommendations. Compliance Auditors also conduct reviews and make recommendations concerning applications for registration by agents or representatives of BDs/IAs which are flagged due to disclosures or other concerns. Compliance Auditors must be capable of identifying trends in BD/IA compliance and recommending and performing audit sweeps that analyze such trends. At times, a Compliance Auditor may need to identify violations of applicable laws and regulations and recommend the opening of a formal investigation. Compliance Auditors may assist Investigators in the investigation of matters referred for enforcement. Compliance Auditors prepare quarterly Compliance Audit summaries, and assist in the preparation of public documents that identify the most common BD/IA deficiencies and the most egregious deficiencies that led to enforcement cases.
Knowledge, Skills, and Abilities: Compliance Auditors must be skilled at using auditing techniques and practices to apply rules and guidelines to specific circumstances so they may identify and analyze deficiencies and errors. Familiarity with customary record-keeping and management practices in the securities or general business industry is needed, as is the ability to communicate effectively with industry professionals. Compliance Auditors must be able to pay particular attention to detail and be task-oriented, and be able to communicate effectively in writing. Compliance Auditors must have good organization skills and the ability to work independently with limited direction.
Qualifications: Compliance Auditors should have a bachelor’s degree in finance, accounting, or a related program. Experience in the securities industry, professional government accounting or general accounting is preferred. Compliance Auditors must have the ability to travel extensively and for at least a three-day period once each month.
Position posted 08/06/2013 for a minimum posting period of 30 days. The minimum poting period will end: 09/06/2013. After the minimum posting period, the position may be closed to new applicants and filled at any time.
Application materials (cover letter, resumes, completed applications) may be mailed to: Attention: Compliance Auditor, Human Resources, Office of the Secretary of State, P.O. Box 1767, Jefferson City, MO 65102. EOE.