Sr. Manager, Regulatory Advisory Compliance

Role Summary

Partners with internal clients to implement strategic compliance initiatives for T. Rowe Price’s proprietary and subadvised 40 Act products focused on delivering measurable business results and coordinating compliance activities across multiple departments. The position will contribute to the success of client compliance reporting and multiple risk and compliance programs that are designed to prevent, detect, and assist in resolving potential violations of federal securities laws and regulations for T. Rowe Price and its affiliated advisers, the TRP Fund complex, and various Fund Service Providers. The position provides the opportunity  to leverage subject matter expertise of the Investment Adviser Act of 1940, as amended (“Advisers Act”) and Investment Company Act of 1940, as amended (“Investment Company Act”) to work on challenging and novel compliance issues, and help partner with business partners to support the continued expansion of the firm’s mutual fund business, including enhancing written compliance procedures and internal compliance controls.  The ideal candidate is a proactive problem solver who can independently achieve outcomes, collaborate with fellow compliance professionals team, as well as provide guidance to business partners to lead them to implementation of effectively designed compliance processes.

Responsibilities

• Advises clients in maintaining and enhancing their respective compliance programs and leads projects to improve compliance processes/programs. Applies in-depth knowledge to prepare relevant analyses and provide recommendations.
• Provides strategic consulting to the senior managers responsible for business unit compliance. Works with the business unit to identify areas of program improvement, problem resolution, and follow-ups as needed. Provides customized work plans, documentation templates, and detailed compliance risk assessments. Collaboratively develops the strategic direction for certain business unit’s compliance programs and provides guidance with respect to the daily operations of the compliance function. Ensures all internal clients have a fully compliant and up-to-date program in place.
• Manages projects from a compliance perspective that span months and quarters (sometimes years); manages to budget, collaborates with project leaders in other business units, and is responsible for ensuring a positive outcome.
• Advises on the testing of policies and procedures for certain business units at the firm. Makes recommendations on when risk-based tests are necessary; informs impacted business units about issues; prioritizes risk and exposure areas; helps business units to identify and develop solutions.
• Assists external regulatory reviews and provides information to the consultants who perform the regulatory reviews. Reviews procedures and policies to ensure compliance.
• Provides support to senior leadership. Meets with clients and in place of senior managers if required to discuss compliance at T. Rowe Price and to answer client questions. Participates in panels in the area of compliance testing. Attends industry conferences to broaden insights into regulatory and compliance requirements.
• Responsible for drafting quarterly and annual chief compliance officer reporting under Rule 38a-1 and Rule 206(4)-7 and overseeing monthly and quarterly compliance reporting to clients.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience
• 8+ years of total relevant work experience

Preferred:

• Knowledge and understanding of Investment Company and Adviser Acts, Mutual Fund and ETF compliance regulations, programs and best practices
• Ability to analyze and interpret complex data sets, as well as give guidance to business
• Adaptability, flexibility and a “can-do” attitude
• Comfortable engaging various technologies
• Excellent written and verbal communication skills
• Superb critical-thinking and problem-solving skills
• Advanced analytical, interpretive, and organizational skills
• Proficient with all Microsoft Suite applications (Outlook, Excel, Word, etc.)
• Familiarity with Office 365 and associated applications

FINRA Requirements: 

FINRA licenses are not required and will not be supported for this role. 

Work Flexibility: 

This role is eligible for hybrid work, with up to one day per week from home.