Compliance Analyst

Job ID: 008COM
Location: Burlington, Vermont
Status: Full time

Firm Summary

We are excited to be expanding our headquarters in Burlington, Vermont, and are looking for talented individuals to join our team.

Headquartered in Burlington, VT, One Day In July delivers low-fee financial advice, generally focusing on index funds, to clients in Vermont and across the United States. Our growth has been rapid, and we are expanding our compliance team to help ensure the firm can continue to meet its high standards for excellent client service while remaining in compliance with all applicable regulations. We are fiduciaries on all client accounts.

Click here to read about our firm's culture and priorities.


Job Description

As a Compliance Analyst at One Day In July, you will be responsible for helping the firm meet its compliance obligations under the Investment Advisers Act of 1940 and the various rules adopted under that statute. You will report to the Chief Compliance Officer, Jayne Bills. The ideal candidate should be an excellent communicator, detail-oriented, and possess strong organizational skills.

This is an entry-level job in the financial services industry. You do not need prior industry experience, though you should demonstrate why you are exceptional in your application. We will provide on-the-job training.


In this role, you will:

  • Review materials related to new clients and accounts to ensure proper documentation and help facilitate a smooth onboarding process.
  • Perform annual reviews of client accounts to help ensure that advisors are meeting their fiduciary duties and that there is sufficient documentation to demonstrate as such.
  • Coordinate with clients to complete various paperwork and other tasks.
  • Update client records and organize communications.
  • Identify various anomalies or errors and take corrective action as needed.
  • Coordinate communications and workflows with Advisors and others in the firm.
  • Organize a great deal of paperwork and digital files.
  • Conduct various compliance tests to determine whether advisors and other employees are adhering to our formal Policies and Procedures and to ensure the policies remain up to date and effective.
  • Assist in reviewing marketing materials.
  • Collect and review various compliance reporting.
  • Help maintain the firm’s recordkeeping system.
  • Answer questions from advisors and assist in the development of various training materials for advisors and other staff.
  • Stay informed about changes to the regulatory environment for Registered Investment Advisers and help the firm implement new/revised rules and requirements.

A strong candidate will:

  • Maintain a high standard for attention to detail and documentation.
  • Be an excellent communicator, both written and verbal.
  • Possess excellent communication skills, both written and verbal.
  • Have excellent organizational skills.
  • Be proactive: identify opportunities and problems and take them to the next level without being asked.
  • Have excellent computer skills: Excel, Word, Gmail, and web browsers.
  • Focus on processes and controls with the ability to understand and assess risk.
  • Possess a positive attitude, tremendous grit, and ability to prioritize.
  • Have a commitment to maintaining confidentiality and ethical standards.
  • Share our firm's mission and investment philosophy of lowering fees and espousing the value of diversified, low-cost index funds.

What's in it for you?

  • Feel great about offering an honest, transparent solution to Vermonters and Americans trying to save for retirement. One Day In July is a fiduciary: we are legally and ethically obligated to act in our clients’ best interest. (Only 12% of people registered with the securities industry are registered in a way that requires them to be fiduciaries on all accounts.1)
  • Win on price: our prices tend to be lower than many of our competitors' prices. It is fun to be in a firm that is winning and taking market share.2
  • You will be exposed to many different aspects of an investment advisory firm. In addition to reviewing the work the advisors and investment desk are doing for clients, you will also be involved in marketing, software development, and various operational aspects of the firm.
  • Build a solid foundation for understanding the complex realm of regulatory requirements and compliance best practices applicable to Registered Investment Advisory firms. The CCO, Jayne Bills, will provide you with one-on-one training and mentorship to ensure you are equipped with the knowledge and skills you need to succeed in the role.
  • Join an established but rapidly growing firm.
  • Enjoy a low-meeting culture.
  • Be part of a friendly, hardworking team that prides itself on mutual respect for one another.
  • Develop mastery of subject areas that help clients and other employees.
  • Enjoy a beautiful office near the Burlington waterfront while spending Fridays working from home if desired. (Work-from-home Fridays not available in the first six months.)

Salary

  • $55,000 - $70,000 commensurate with experience.

Hours / In-Person & Remote

  • This job is full time.
  • This job is primarily in-person in Burlington, VT, although you may work from home Fridays after the first 6 months.

Benefits

  • 401k plan with low-cost index funds and One Day In July strategy embedded. No high fee funds (this matters greatly, as you’ll learn if you work here)! Available after meeting eligibility requirements.
  • 401k match. Available after meeting eligibility requirements.
  • An excellent Mac laptop with a fast processor and retina screen, a sit-down / stand-up desk, plenty of space to work comfortably, relatively private work areas, and other resources for top productivity. Our employees are not cogs in a machine and we don’t treat them that way.
  • Paid vacation. Number of weeks commensurate with experience. Includes the luxury of being required (yes, required) by the firm’s founder to disconnect from work on your vacation days.
  • Health care plan.
  • A plant for your desk. (Sometimes it’s even alive).

To Apply

Please send the following to Burta Kelly at careers@onedayinjuly.com

  • A resume in PDF format.
  • A cover letter in PDF format. In your cover letter, let us know what is unique about you that we should know. Additionally in your cover letter, include at least one paragraph explaining what makes you stand out from other applicants. We are looking for previous demonstrations of excellence and commitment, and the more granularity you can provide, the better.
  • In addition to your cover letter, submit a one-page, single-spaced PDF. On the top half, describe a situation where you identified a problem or inefficiency and developed a solution or a time where you had to challenge an established process or policy. What was the problem, how did you approach the situation, and what was the result? On the bottom half, share a recent experience where you learned something new and achieved a level of excellence that enabled you to teach others. Provide insight into the process used to acquire this skill.
  • The Job ID at the top of this posting should start the subject line of your email.

More Thoughts.


We respond to all diligent applicants. We keep all applications private.

One Day In July LLC is an equal opportunity employer.

1. “FINRA 2023 Industry Snapshot” FINRA, May 18, 2023
2. Source: advisoryhq.com, "Average Financial Advisor Fees in 2023 | Everything You Need to Know" Retrieved 18 Jun 2024. The statement applies to clients with at least $150,000 in assets under management. Clients with lower assets under management are subject to a minimum annual advisory fee that may not be lower than that of our competitors'.

DIFFERENTIATORS
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Investing for Retirement: 401k and More
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How to Rollover a 401k to an IRA
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INVESTING THOUGHTS
Should I Try to Time the Stock Market?
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Inflation
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Countering Arguments Against Index Funds
Annuities - Why We Don't Sell Them
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Retirement Financial Planning
Investing in a Bear Market
Investing in Gold
Is Your Investment Advisor Worth One Percent?
Active vs. Passive Investment Management
Investment Risk vs. Investment Return
Who Supports Index Funds?
Investing Concepts
Does Stock Picking Work?
The Growth and Importance of Female Investors
Behavioral Economics
The Forward P/E Ratio
Donor-Advised Fund vs. Private Foundation

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