Senior Compliance Officer (Investment Compliance Specialist) (Primarily Home)

Overview

This position supports the compliance program for the firm by working closely with Management, Portfolio Managers, Operations, Risk, Technology, and multiple departments including Corporate Legal, Corporate Compliance, Internal Control, and Internal Audit. Responsibilities include daily compliance monitoring, audits and examinations, inquiries and reporting, certifications, due diligence meetings, and developing and maintaining policies and procedures.

Responsibilities

• Oversee monitoring and enforcement activities, including:
  • Conduct daily overnight exception alerts on internally and externally managed separate accounts and address violations in a timely manner.
  • Conduct unauthorized rule coding reconciliations and periodic monitoring of manual rules.
  • Conduct pre-trade and intra-day monitoring on internally managed separate accounts and address violations in real time throughout the trading day.
• Monitor and report to the Compliance Manager potential investment policy breaches and conflicts of interest that could lead to unfair or illegal trading practices.
• Ensure compliance with all applicable federal and state insurance regulations, including SEC, FINRA, ERISA, and OFAC.
• Oversee and collaborate with unaffiliated investment advisers to ensure compliance with IMA and investment guideline limits and restrictions.
  • Review unaffiliated investment advisers’ quarterly/annual certification questionnaires and communicate notable findings to management.
• Ensure annual regulatory compliance certifications for insurance companies are completed and delivered to relevant stakeholders in advance of regulatory filing deadlines.
• Assist with reviewing and maintaining firm-wide policies and procedures related to trading strategies, technology, investment guidelines, regulations, and/or daily workflows.
  • Conduct annual testing of compliance procedures and document findings.
  • Partner with Corporate Legal and Compliance, Internal Controls/Audit, external investment managers, and other departments to develop, implement, and enforce policies and procedures.
• Code tests in Blackrock Aladdin to monitor investment guideline limits and restrictions and perform operational data validation checks.
  • Maintain the Aladdin tests rule library to keep it consistent with the most current guidelines, policies, and applicable securities laws.
• Manage the compliance relationship with Blackrock by ensuring timely responses to compliance-related inquiries and that the latest compliance functionality is utilized.
  • Oversee the full development lifecycle for tokens and macros introduced and/or modified within Aladdin.
  • Support daily compliance workflow by troubleshooting and/or escalating systems-related issues in a timely manner.
• Administer the compliance program, including oversight of the Code of Ethics and related systems and processes:
  • Maintain and administer compliance software.
  • Onboard and train new employees on the Code of Ethics.
  • Maintain compliance records and systems.
  • Review and approve personal securities transactions and outside business activities in accordance with firm policies and applicable regulatory requirements.
• Facilitate audits and examinations and prepare attestations for internal/external auditors, regulatory bodies, and third parties/vendors (including SWIFT, state insurance regulators, and federal regulatory agencies).
• Prepare, review, and submit timely regulatory filings, ensuring accuracy, completeness, and compliance with SEC filing deadlines, including:
  • Form 13F
  • Schedule 13G
  • Form 13H
  • Form N-PX
• Provide ad hoc support to management and other departments.
• Provide thought leadership on compliance best practices and educate the portfolio management team on new regulatory developments as they arise.

Requirements

• Experience providing client-driven solutions, support, and service.
• Deep understanding of securities trade lifecycle, trading practices, and trading workflows for a range of financial instruments and asset classes, specifically:
  • Treasuries, Corporates, Municipals, ABS, CMBS, Equities, Convertibles, Commercial Real Estate Loans, Private Equity, and/or Derivatives
• Background in one or more of the following:
  • Investment Advisers Act of 1940
  • Investment Company Act of 1940
  • SEC reporting
  • ERISA
  • State Insurance Regulations
  • AML
  • KYC
  • OFAC sanction monitoring
  • Designing and/or executing compliance policies and procedures
• Familiarity with other operational groups such as investment accounting and investment management operations.
• Understanding of technology, capital market, and accounting data flows, and relational databases.
• Prior securities market data experience and/or knowledge (e.g., Bloomberg, Refinitive, NRSRO, or other benchmark providers) is a plus.
• Experience using buy-side compliance software systems, such as Blackrock Aladdin, Bloomberg AIM, Orion Compliance, StarCompliance, MyComplianceOffice, etc.

Preferred Qualifications

• Advanced degree(s) in Business Management, Finance, or Economics preferred.
• Professional designation/certification (i.e., IACCP, CFA, CSCP, or CAMS) a plus.

Compensation & Benefits

• Salary range: $113,000.00 - $194,000.00
• Compensation may vary based on job level and geographic work location.
• Relocation support is offered for eligible candidates.
• Benefits include:
  • Comprehensive medical, dental, vision, and wellbeing benefits
  • Competitive 401(k) contribution
  • Pension plan
  • Annual incentive
  • 9 paid holidays
  • Paid time off program (23 days accrued annually for full-time employees)
  • Student loan repayment program
  • Paid-family leave

Location

• Fully remote (in the United States).
• This is primarily home-based; on occasion, travel to an office location may be required for in-person engagement activities such as team meetings, trainings, and culture events.

Additional Information

• Offer contingent on the results of applicable background checks.
• Offer contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions.
• Sponsorship will not be considered unless specified in the posting.
• Employees participate in New Employee Orientation during their first week; sessions may be delivered virtually based on scheduling and availability.
• Equal opportunity employer; complies with applicable federal, state, and local non-discrimination and equal opportunity laws.
• Sponsorship is not considered unless specified in the posting.
• If a reasonable accommodation is needed during the job application or interview process, and/or to perform essential job functions or receive other benefits and privileges of employment, request accommodations as needed.