Investment Compliance AVP

Job Description

The purpose of the job is to provide end-to-end support to investment company (Mutual Fund) clients & their Compliance teams by sharing, primarily, meaningful insights about the funds ability to comply with (i) SEC (Securities and Exchange Commission) requirements and (ii) investment guidelines stated in the Prospectus/Statement of Additional Information (SAI).Key Responsibilities & Experience Range

• Onboarding of new clients for investment compliance by understanding the client requirements, interpreting the prospectus / investment mandate and extracting compliance restrictions to create a compliance rule matrix.
• Liaise with clients to obtain additional information that may be necessary from time to time to code compliance matrix into the compliance system.
• Perform annual review of compliance rules in the matrix by comparing them against updated prospectuses/SAIs.
• Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with the investment guidelines
• Liaise with coding team for maintenance of rules in the system to ensure accurate daily and monthly compliance reporting is disseminated to clients.
• Demonstrate in-depth knowledge of Investment compliance to translate client requirements into actionable items for internal teams and work with internal teams. (For example, changes related to how a particular derivative should be treated for Derivative Coverage testing or CFTC Testing or IRC)
• Closely monitor Client Satisfaction Ratings for the set of clients handled by the team, draw up actions and execute them to remediate or improve client satisfaction rating.
• Keeps abreast of the developments in Investment Compliance Product for the assigned region and apprises staff as necessary.
• Identifies and analyzes operations risks related to current and potential business and recommends procedural changes as needed
• Provides immediate supervision to a group, assigning tasks and checking work at regular intervals.
• Supervises the daily and monthly activities of the Investment Compliance client service staff.
• Manages the day-to-day activities and controls to ensure accurate and timely dissemination of daily deliverables.
• Ensures team s adherence to Standard Operating Procedures.
• Manages and facilitates timely resolution of issues while keeping management informed of any potential issues.
• Responsible for performing daily processes accurately and in accordance with defined time frames and client requirements. May have daily contact with Client Service, Client Management, COEs and Business Unit (BU) Shared Service teams
• During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
• Participates in the hiring, salary, promotional and termination recommendation process
• Participates on projects or committees within the department and/or with BU Shared Services, COEs and Client Operations teams.

Qualification & Certifications

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs
• Overall experience of 10+ years in Fund Administration or related work.
• Investment compliance monitoring or coding experience is a must.
• Certifications: Candidates pursuing FRM (Financial Risk Manager by GARP) / CFA (Chartered Financial Analyst) / CISI (Chartered Institute for Securities & Investment) are preferred, but certification is not a must for the role

Primary Skills (Must Have)

• Good knowledge of U.S. Investment Companies Act of 1940 or UCITS
• Ability to analyze investment guidelines and policies to determine testing requirements
• Demonstrated managerial, leadership and decision making abilities
• Excellent communication, organization, interpersonal planning, and analytical skills
• Deadline and detail oriented
• Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
• Strong communication, interpersonal, organizational, and time management skills

Secondary Skills (Good to Have)

• Process Improvement /Business re-engineering Skills
• Exposure to Charles River Development (CRD)
• Coding in Visual Basic Applications (VBA)

,

Keyskills :
riskrawexcel