Chief Compliance Officer (FINRA Broker Dealer or SEC RIA)
About Frec
Our mission is to help create enduring wealth. To do this, we don't promise shortcuts or magic strategies. We respect the realities of investing as it actually works, and challenge the long-standing assumption that returns and taxes belong in separate conversations. By building tax-aware investment tools once reserved for the ultra-wealthy, Frec empowers investors to hold onto more of what they earn.
In the last year, Frec has been growing exponentially – 50% QoQ growth with over $1B+ in customer assets. We raised our Series A with Greylock Partners and have an impressive list of other funds and angel investors backing our company. If you're looking to join a fast-growing team with high potential, Frec could be the place for you. Learn more about Frec as a company at www.frec.com.
About the Role
Frec operates two regulated entities: a broker-dealer and a registered investment advisor. Today a single individual holds both seats. As we scale, we're adding a second Chief Compliance Officer to take on one of the two CCO roles (broker-dealer or RIA, based on fit and experience), while our current CCO retains the other. You'll work in close partnership with them to divide responsibilities cleanly, share context, and build a compliance function that's built to scale with two dedicated leaders instead of one. We're customer-centric, every decision starts with how it benefits our customers. We're efficiency-seeking, we scale with accuracy while reducing risk. And we're team-focused, we succeed and face challenges together, with accountability and humility. If that resonates, join us at a pivotal time to help shape our compliance program and Frec's future.
What You Will Do
You'll build, own, and scale the compliance program for the entity you serve as CCO of (broker-dealer or RIA), working in close coordination with the other Frec CCO and cross-functionally with Operations, Legal, Product, and Engineering to ensure the firm operates within regulatory requirements while moving at startup speed.
Regulatory compliance program — Serve as CCO of either Frec's broker-dealer or its RIA, maintaining and evolving written supervisory procedures (WSPs) and compliance manuals to reflect current regulations and business practices.
Regulatory relationships — Act as a primary liaison with FINRA, the SEC, and state regulators for your entity; manage exams, inquiries, and filings, and ensure timely, accurate responses.
Supervision & surveillance — Design and oversee supervisory and surveillance systems across trading, communications, and account activity, ensuring escalations are identified and resolved promptly.
Account opening & KYC/AML — Own the compliance framework for account opening, KYC, and AML/BSA programs, including suspicious activity monitoring and reporting.
Marketing & communications review — Review marketing materials, advertising, and customer communications for regulatory compliance, coordinating with the other CCO where materials touch both entities.
Policy development — Draft and maintain compliance policies as Frec launches new products and features, partnering with Product and Engineering early in the development process.
Training & culture — Build and lead compliance training programs for your entity, fostering a culture of compliance across the organization.
Regulatory filings & audits — Oversee required regulatory filings and support annual audits, exams, and financial reporting for your entity.
Risk assessment — Conduct ongoing risk assessments across the business and recommend controls to mitigate emerging risks.
Beyond core compliance responsibilities, you'll also:
Partner closely with Frec's other CCO to ensure consistent standards and clean handoffs between the broker-dealer and RIA compliance programs.
Partner cross-functionally with Operations, Legal, Product, and Engineering as a subject-matter expert on regulatory matters.
Help build the compliance infrastructure and technology needed to scale a compliance function without scaling headcount linearly.
Contribute to strategic decisions as a member of the senior leadership team.
What You Bring
Active FINRA Series 7 and Series 24 licenses required for BD
Significant experience working with both or either Registered Investment Advisors (RIAs) or Broker-Dealers (BDs), with a deep understanding of the regulatory frameworks governing each
A track record of building and scaling compliance programs, ideally at a technology-driven or fintech firm
Prior experience serving as a CCO, or in senior compliance leadership, at a broker-dealer and/or RIA
A Juris Doctorate (JD) or other advanced degree preferred
Strong working knowledge of FINRA, SEC, and state regulatory requirements
Excellent written and verbal communication skills, with the ability to work cross-functionally across compliance, operations, legal, product, and engineering
Comfort partnering closely with a fellow senior compliance leader to divide ownership and keep both entities' compliance programs aligned
Comfort with the ambiguity and pace of an early-stage company — you're happy to build programs and processes that don't have a playbook yet
Location
This role is ideally based in San Francisco or New York. Exceptional remote candidates are encouraged to apply. Compensation ranges are based on our San Francisco and New York markets and may vary for candidates in other locations.
What We Offer
Base salary of $180,000–$260,000, determined by experience, skills, qualifications, and location
Meaningful equity: we want you to own a piece of what you're building
Fully paid health, vision, and dental insurance
401(k)
Monthly wellness allowance for physical and mental health
Flexible PTO
Catered lunch every day in our SF and NYC offices