Compliance Associate

3 days ago


Morristown, New Jersey, United States Osaic Full time

Compliance Opportunity in Financial Services

Operations and Compliance Associate

Location(s): Financial Services Industry

Osaic has adopted a hybrid work schedule, seeking candidates willing to work a split schedule between home and the office.

Role Type: Full-time

Summary:

We are seeking a detail-oriented Compliance Associate to join the team within the financial services industry, a member of Osaic. The Compliance Associate will have an integral role with assisting in monitoring accounts.

Responsibilities:

  • Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions, and any other exceptions.
  • Monitor concentration percentages of each fund for trading and risk management.
  • Monitor cash flows in accounts for investment.
  • Verify previous day's trades.
  • Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes).
  • Create dispersion report for accounts with restrictions.
  • Organize the annual due diligence process for third-party separate account managers.
  • Complete external due diligence questionnaires and organize supplemental supporting documentation.
  • Lead mailing of the annual disclosure mailing and maintain the database of active clients.
  • Assist in conducting testing on a variety of compliance functions and reviewing established policies and procedures.

Review internal compliance procedures and workflows to ensure the firm adheres to industry regulations and internal standards.

All other duties as assigned.

Education Requirements:

  • Bachelor's degree required.

Basic Requirements:

  • Excellent verbal and written communication skills.
  • Dedicated work ethic and strong organizational skills.
  • Willingness to work extended hours to meet project deadlines.
  • Ability to work independently with little or no direction.
  • A 4-year college degree.
  • Preferred 2-5 years of experience supporting a Registered Investment Advisor or licensed financial or as a compliance professional.
  • Must possess excellent computer skills and be proficient using Microsoft applications, including Excel, Word, PowerPoint, and Outlook.


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