Head of Compliance for Mutual Fund Operations
2 months ago
Position: Chief Compliance Officer for Investment Funds - HYBRID
Location: Various Locations | Hybrid Work Model
About the Team:
This role serves as the Chief Compliance Officer for select investment company clients. The primary duty is to ensure adherence to compliance regulations as stipulated by Rule 38a-1 of the Investment Company Act of 1940.
What We Offer:
- Work Flexibility: Hybrid Work Environment & Business Casual Attire
- Future Benefits: 401k Matching and Professional Development Opportunities
- Work-Life Balance: Generous Personal/Vacation Time Off, Sick Leave, and Paid Holidays
- Health and Wellness: Comprehensive Medical, Dental, Vision, and Employee Assistance Programs
- Diversity Commitment: Dedicated to Fostering an Inclusive Environment
- Training Programs: Customized Hands-On Training, including SS&C University
- Additional Perks: Discounts on Fitness Memberships, Travel, and More
Key Responsibilities:
- Oversee the development and updates of Compliance Programs and Service Provider Procedures for assigned funds, ensuring timely reporting of any significant policy changes to Fund Boards.
- Manage and update product risk assessments for assigned funds.
- Prepare and deliver regular quarterly reports to the Boards of Directors/Trustees of assigned funds, including an annual written report.
- Collaborate with Internal Audit on fund-level risk assessments related to services provided by various partners.
- Conduct on-site due diligence visits to service providers for assigned funds, including investment advisers and custodians.
- Engage with external and internal legal counsel to monitor regulatory developments affecting the funds.
- Coordinate compliance-related due diligence visits with existing fund clients and provide ongoing support as Fund CCO.
- Assist regulatory bodies and consultants by supplying necessary information for compliance reviews and examinations.
- Participate in additional projects and activities as required.
Qualifications:
- At least 10 years of experience in compliance or a related role within the mutual fund sector.
- Preferred supervisory experience.
- Bachelor's Degree or equivalent experience; Advanced Degree and/or Professional Certifications are advantageous.
- In-depth knowledge of regulatory requirements and operational policies for mutual fund service providers.
- Strong understanding of the 1940 Act and Investment Adviser Act regulatory frameworks.
- Experience with exchange-traded funds (ETFs) and alternative products is highly desirable.
- Ability to manage multiple priorities effectively.
- Proficient in SEC regulations governing the mutual fund industry, with a solid understanding of FINRA regulations preferred.
- Advanced skills in Microsoft Office and project management applications.
- Exceptional verbal and written communication skills, capable of engaging with diverse audiences including executive management and regulators.
- Familiarity with a risk-based approach to compliance monitoring.
- Willingness to travel occasionally and work on-site as required.
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