Job Title: Senior Associate, Portfolio Compliance
Job Reports To: Vice President, Head of Portfolio Compliance
Salary: 100K base (110K all in)
Location: New York, NY
Responsible for monitoring current holdings and daily trading activity against client guidelines,
restrictions, internal policies/procedures, and relevant regulatory requirements for our proprietary mutual funds and registered investment advisers. In addition, this individual will be involved in the coding of restrictions, reporting, trade oversight and strategic projects. The firm is committed to an inclusive culture, valuing diversity in support of our people and clients.
- Review systematic feasibility of investment guidelines and provide guidance/expertise as it relates to coding in our compliance monitoring system.
- Evaluate and resolve pre-trade and post-trade compliance alerts.
- Participate in the new account setup and guideline change process.
- Develop and test automated rules in the order management system, and any associated manual monitoring needed.
- Review EOD portfolio compliance results, identify and resolve any active or passive compliance issues.
- Work with Relationship Management, Compliance, Legal, Portfolio Management and
- Information Technology to respond to client requests for reporting; develop internal and external reports to respond to client requests.
- Identify ways of creating efficiencies/improving processes in the investment compliance program using best practices.
- Effectively participate in internal and external audits of controls, system upgrades and associated testing, including the SSAE18/SOC-1.
- Assist with trade error/breach investigation and documentation.
- Prepare and finalize regulatory section 13 filings.
- Review and submit foreign ownership disclosure filings.
- Monitor any manual rules of client account restrictions, based on the frequency determined by the control’s risk assessment.
- Undertake special compliance-related projects as assigned.
- Bachelor’s degree with a minimum of 2-5 years of relevant experience, preferably 2+ years of rules coding experience (preferably within a well-known OMS), primarily in an asset management organization.
- Solid working knowledge and understanding of capital markets; experience with fixed income, equity and derivative instruments.
- Knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, CFTC, NFA, FINRA and other regulatory requirements and/or experience with foreign regulations highly desirable.
- A self-starter who takes initiative and works independently.
- Strong analytical skills with excellent attention to detail and the ability to exercise good judgment.
- Excellent verbal and written communication skills.
- Excellent organizational skills and the ability to prioritize multiple requests from a variety of sources to meet deadlines in a fast-paced, dynamic environment.
- Demonstrates inclusive behaviors in support of a culture that values diverse perspectives
- Proficiency in Bloomberg and other major software applications.
- Series 7 preferred or requirement to obtain within 6 months of hire.