S2:E8 | Finding Your Career Path In Compliance | Compliance In Context

The Securities Compliance Podcast: Compliance In Context

Welcome back to the Compliance In Context Podcast! On today’s episode, we welcome in Jennifer Selliers, Director of Internal Compliance for the State of Tennessee Department of Treasury and current NSCP board member, for an authentic look at how to find your own career path in compliance (and everywhere).

In our Headlines section, the SEC seeks comment on Broker-Dealer and Investment Adviser Digital Engagement practices, we look to we look at a recent SEC Investor Advisory Committee meeting to demonstrate contrasting views on market regulation, and close with a quick update on the SEC’s telework timeline.

Finally, we’ll wrap up today’s show with another installment of Outtakes, as we look to showcase how even an exempt reporting adviser can find itself in hot water with the SEC and its LP investors, particularly where an auditor isn’t involved

Headlines

• SEC seeking comment on Digital Engagement Practices (DEPs)
• SEC Investor Advisory Committee meeting offers contrasting views on market regulation from SEC Chair Gensler and SEC Commissioner Peirce
• SEC recently updated its COVID-19 Telework Operations Status

Interview

• How to stay motivated in your compliance job?
• What’s better to focus on in your career—technical or professional development?
• What’s the “right” degree or accreditation to have as a compliance officer? Were there certain things that you considered when you were coming up?
• What are the best ways to onboard a new compliance employee?
• As a manager, how are you able to effectively able to lead a team during this challenging environment?
• Discuss the benefits of the apprenticeship model
• Goal Setting / Professional Development – 3-year professional development plan

Outtakes

• Exempt Reporting Adviser and related private fund were investigated by the SEC for securities laws violations
• When recommending or doing due diligence on private fund investments, make sure there is an auditor involved.

Quotes:

“I think one of the things that helps me stay motivated is remembering that I’m responsible for driving my own career, whether that’s in compliance or if that’s a whole career shift (and I know there’s a lot of people who are contemplating that and taking that big leap). But I own that. That’s mine.” - Jennifer Selliers

“There’s people in my life that are my cheering squad, right? When I need that pick-me-up, I know I can call them and they’re going to be like, ‘You know, buck up camper! You got this! You just take that bull by the horns! Run with it! You’re making the right decision!’ right? And then there’s some other days when I feel like, ‘I’m feeling like I need to do this. I need to talk this out with somebody. And I’ve got another group of people that’ll be like, ‘I don’t know what you’re thinking but you’ve got to take that back to the table.’ [laughs] Right? You can see those types of people, along with other types of people that just help you build and round out your professional and your career goals.” - Jennifer Selliers

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Compliance in Context