Senior Manager, Investment Compliance
1 week ago
This position is responsible for managing a team of investment compliance professionals in their independent monitoring of investment compliance requirements so as to ensure the firm's ongoing compliance; advise key business units in related regulatory and client compliance requirements; train investment compliance professionals and key business stakeholders on regulatory and client requirements; and support the senior management of the investment compliance group by defining and accomplishing departmental goals and objectives.
Principal Responsibilities:
Using in depth knowledge of regulatory requirements relating to investment compliance for both US and non-US jurisdictions (e.g., 1940 Act Funds, UCITS, ERISA, Canadian Pension Limitations, National Instruments 81-102, IRS 851 & 817h, the Investment Adviser Act) and by applying an understanding of client requirements, perform the following responsibilities:
Monitor:
- Oversee the reviews and analysis provided by staff of the daily investment compliance monitoring of clients' portfolios and regulated entities employing a variety of automated and manual processes.
- Oversee the review, identification and research of compliance exceptions. Escalate exceptions as necessary to senior management.
- Document compliance incidents and review them with senior management.
- Review business requirements of key rules/reports utilized for compliance monitoring to ensure items accurately reflect the interpretation of applicable requirements.
- Manage or oversee complex, strategic projects and significant regulatory initiatives.
- Ensure the careful review and monitoring of numerous clients' investment guidelines and regulatory restrictions (e.g. Investment Management Agreement, Prospectus, Statement of Additional Information).
- Provide guidance to investment compliance professionals in dealing with compliance issues.
- Respond proactively to requests for assistance from across the organization. Research issues, provide advice and guidance, reach consensus and communicate same to involved parties.
- Conduct meetings with high level employees and bring issues to successful resolutions.
- Keep abreast of global regulatory updates and interpretive releases. Collaborate with Legal to assess implications of new rules and regulations related to assigned areas. Apprise others of developments and recommend courses of action as appropriate.
- Pro-actively approach internal and external parties on related matters so as to ensure best practices are executed.
- Work on the development and implementation of global standard policies and procedures to enhance the productivity, efficiency and scope of coverage of the Compliance Department.
- Actively participate in new employee training relating to key investment compliance policies and procedures. Provide training for new investment compliance staff.
- Provide support to the Compliance Department's Training Team in the development and delivery of compliance training programs.
- Identify potential areas of compliance risk and work to develop corrective action plans to address same.
- Set group goals. Develop employees so as to ensure efficient completion of goals and initiate performance improvements as needed.
- Research, recommend and implement technology-based solutions to monitor compliance requirements.
Qualifications:
- Bachelor's Degree or equivalent work experience. Must have at least 10 years work experience with a minimum of 4 years of direct experience in investment management, financial services or industry-related investment compliance.
- Significant prior exposure to investment management operations and its related rules and regulations is required as is significant direct experience in a compliance-related function.
- Excellent interpersonal, organizational, communication, customer-service, team-working and problem-solving skills.
- Minimum of 4 years of personnel management experience.Must be able to motivate and develop staff resources, including setting priorities, performance levels, expectations, goals, professional development, etc.
- Must be able to write effectively, and present research, analysis and conclusions in a persuasive manner. Must be polished, professional, mature, well-mannered and well-spoken.
- Ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional teams throughout the organization. Demonstrated ability to effectively represent Compliance with industry peers and in client-facing situations is required.
- Proven analytical skills. Make independent decisions, develop creative solutions to problems, advocate for same and manage the implementation through to acceptance.
- Able to manage the delivery of projects while ensuring the cooperation and success of cross-functional teams, with both domestic and international team members. Must effectively drive solutions throughout the organization and present ideas in an effective, non-confrontational manner. Escalate issues, advocate for solutions and ensure implementation of same.
- Within the scope of the function, experience with reviewing, evaluating, designing and implementing key compliance functions, including risk-based monitoring programs, user manuals and personnel training is required.
- Must be proficient in MS Office (Outlook, Word, Excel, PowerPoint) and able to develop proficiency in our compliance systems as required to perform the duties of this position, such as Bloomberg.
- Able to work overtime as necessary to keep current with work.
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