Compliance - Risk Officer

Risk Officer

Bluespring Wealth Partners (Bluespring) is part of Kestra Holdings, an industry-leading wealth management platform for independent financial professionals nationwide. Bluespring acquires successful, growing wealth management businesses from inside and outside of the Kestra Holdings ecosystem, promoting advisor autonomy and entrepreneurship while providing operation scale and efficiencies for its partner firms. Our advisor-focused culture is built on innovation and advocacy, enabling advisors to offer comprehensive securities and investment advisory solutions to their clients.

Lead with purpose. Partner with impact. Kestra Holdings offers industry-leading wealth management platforms for independent wealth management professionals nationwide. With an innovative culture that celebrates independence, the company seeks to redefine the future of the advisory industry through superior service, cutting-edge technology, and preeminent resources that every financial professional needs to succeed in the market now and in the years to come.

Kestra Holdings companies collectively oversee $123 billion in assets under administration (AUA) and support more than 2,400+ independent financial professionals across the country in delivering comprehensive securities, trust, and investment advisory services to their clients. Located in the "Silicon Hills" of Austin, Texas, Kestra Holdings offers an experience as unique as the city in which it operates. Bluespring Wealth Partners, a subsidiary of Kestra Holdings, is a fast-growing acquirer of wealth management firms throughout the United States. We take a relationship-based approach to partnering with and supporting best-in-class teams who provide financial planning and investing services to retail clients. Bluespring takes majority-stake positions in high-quality firms and provides its partners with an unparalleled depth of operating support, business consulting expertise and strategic investments in key areas of growth.

The Risk Officer is responsible for independently running risk identification and mitigation for merger & acquisition due diligence, members of a broker dealer, and members of a registered investment advisor. This role will report to the Chief Compliance Officer and work closely with the Chief Operations Officer. The successful candidate will play a key role in managing the overall risk framework of Bluespring Wealth and enhancing the firm's regulatory infrastructure.

Key responsibilities include ensuring that risk management practices are effectively integrated throughout the operations of the Bluespring Wealth firms and serving as a subject matter expert on risk mitigation. The Risk Officer will ensure timely identification, assessment, escalation, and remediation of all applicable categories of risk (Operational, Compliance, Strategic, and Reputational risk), and emerging risks as required. In addition, the Risk Officer will own risk management responsibilities and deliverables such as risk inventories, risk assessments, controls identification, documentation, and testing, and due diligence of potential acquisitions and vendors. This role is essential for advancing risk-informed decision-making, ensuring business initiatives align with the organization's risk appetite.

This role will provide back-up assistance and coverage for Compliance Officers, reviewing and decisioning escalations resulting from compliance surveillance, supervision, and marketing. The Risk Officer will be the Secretary of Bluespring Wealth committees, responsible for charter development and adherence, meeting preparation, and minutes.

What You'll Do Build and successfully manage relationships with key stakeholders and senior leadership to maintain knowledge and awareness of operations, risk management developments, and new/changes to processes, products, services, and initiatives. Identify and escalate risk related issues and ensure issues self-identified by others are timely and properly escalated and reported. Support timely remediation and track corrective action plans to closure. Develop and manage Key Risk Indicators (KRIs) and thresholds/risk limits. Investigate threshold breaches and create action plans to remediate breaches. Own the risk assessment process by identifying risks, documenting the process, identifying controls, and remediating control gaps. Own the controls testing process, including building test scripts and running tests to support regulatory and risk annual reporting. Conduct due diligence information gathering and reviews in accordance with procedures developed by the Chief Compliance Officer. Due diligence will be performed for vendors and potential acquisitions. Work closely with internal teams to resolve concerns. Foster effective communication to support timely and accurate reporting. Participate in or lead special projects, including process enhancements, system implementations, and ad hoc compliance analysis. Contribute to initiatives that improve efficiency and accuracy across functions.

What You Bring Excellent communication and writing skills to interact with varying levels of management, financial professionals, and professional staff. Strong critical thinking skills with the ability to plan strategically and develop solutions. Ability to prioritize and manage work processes/projects efficiently and effectively to meet set deadlines. Direct knowledge of risk assessment and due diligence practices. Bachelor's degree or other related work experience. Previous securities or related industry experience preferred but not required. Minimum of 4 years' compliance or finance experience required, with experience in a high-paced environment. Experience with investment banking, mergers & acquisitions, and/or deal due diligence is preferred.

Disclosure By applying to a job at Kestra Financial, Inc., you are agreeing to the following statements:

• You acknowledge that if hired, Kestra Financial, Inc. may, obtain and use background information concerning your credit, character, general reputation, personal characteristics, work habits, performance and experience for evaluation for your potential employment.
• It is the policy of Kestra Financial to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender, identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law. Kestra Financial prohibits any such discrimination or harassment.