The Compliance professional will be part of a group that is responsible for overseeing the compliance policies and procedures of proprietary mutual funds sub-advisers, principal underwriter/distributor, fund administrator, and transfer agent.
The firm works with almost 100 investment portfolios managed by approximately 40 sub-advisers and nearly $100 billion in assets under management.
The individual in this position will be part of a team that is responsible for administering the Investment Adviser and Investment Company compliance program as it applies to registered mutual funds and their affiliated investment adviser.
The ideal candidate should be an experienced compliance professional with 4 - 8 years plus experience.
Essential duties for this individual will include taking a primary role for among other things - maintaining the current compliance program, revising and developing compliance policies and procedures as the business and regulatory environment change, conducting annual reviews of the compliance programs, and drafting an annual report for the appropriate regulated entities.
A critical aspect of this position combines substantive regulatory knowledge and relationship
management skills and centers around the oversight of the compliance efforts of the sub-advisers and other service providers, including the fund administrator and custodian, to ensure that these outside business partners are complying with their own policies and procedures and certain applicable policies and procedures of the firm's compliance program.
This individual will take on a lead role in working with compliance, legal and trading personnel at the sub-advisers on a number of compliance and regulatory issues and will require excellent communication skills.
The individual will report to the Director, Compliance and take a lead role for the following activities:
1. Maintain Rule 38a-1 and Rule 206(4)-7 policies and procedures for the firms registered mutual funds and their investment adviser. Revise and update as needed. Prepare memorandum of changes for board approval.
2. Coordinate oversight program for funds and investment adviser, including all fund service
providers. Oversight program will include maintenance of due diligence questionnaire, regular
on-site visits, review of policies and procedures, and regular contact with service providers.
3. Conduct on-going reviews of Investment Companies and Investment Adviser and compile
findings in an annual report for senior management or board of trustees, as appropriate.
Implement any changes that need to address from findings in report.
4. Maintain Compliance Risk Management matrix applicable to relevant business units.
5. Assist with regular board reporting and annual report.
JD preferred or equivalent compliance training and experience
3 - 5 years plus experience (with an asset management firm a plus)
3 - 5 years plus compliance experience with the application of the Investment Company Act of
1940 (with a focus on Rule 38a-1) and Investment Adviser Act of 1940 (with a focus on Rule
206(4)-7) to funds and adviser
Experience as an SEC examiner with investment adviser or investment company exam
experience or experience as a member of an investment adviser or mutual fund compliance
department who interfaces with federal regulators would be beneficial.
Strong relationship management skills required to manage internal and external relationships
necessary to maintain effective oversight program.
Excellent written, oral and presentation skills
Exceptional organizational skills required and must be detail oriented
Must be able to work on multiple projects simultaneously
Must be proficient in the use of Microsoft - Word, Excel and PowerPoint
Must have the ability to work independently and in a team environment
Should have a flexible and adaptive work style
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