Compliance Sr. Manager, GWS Products

Job Description Summary

Monitor and analyze the organization's operational risk exposure, and contribute to the development of operational risk policies. Analyze existing processes, procedures and systems and advise on improvements.


Under intermittent supervision and with a high level of autonomy, uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification to serve as the compliance partner for the Global Wealth Solutions (“GWS”) business line, specifically focusing on packaged products including annuities/insurance, mutual funds, 529 plans, unit investment trusts, and exchange traded products. Provides regulatory and policy-driven guidance and consultation to business partners, designing, implementing, and overseeing a comprehensive compliance program, and surfacing relevant information to aid in risk-based decision-making regarding compliance with respect to packaged products. This role will also lead and/or serve as the compliance representative on large-scale projects and initiatives which carry a significant business impact. Influences strategic direction, develops tactical plans, and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Provides comprehensive solutions to escalated problems or needs. Maintains extensive contact with internal customers and regulatory agencies to identify, research, analyze, and resolve complex issues.

Job Description

Job Summary

Under intermittent supervision and with a high level of autonomy, uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification to serve as the compliance partner for the Global Wealth Solutions (“GWS”) business line, specifically focusing on packaged products including annuities/insurance, mutual funds, 529 plans, unit investment trusts, and exchange traded products.  Provides regulatory and policy-driven guidance and consultation to business partners, designing, implementing, and overseeing a comprehensive compliance program, and surfacing relevant information to aid in risk-based decision-making regarding compliance with respect to packaged products.  This role will also lead and/or serve as the compliance representative on large-scale projects and initiatives which carry a significant business impact. Influences strategic direction, develops tactical plans, and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Provides comprehensive solutions to escalated problems or needs. Maintains extensive contact with internal customers and regulatory agencies to identify, research, analyze, and resolve complex issues.

Essential Duties and Responsibilities

• Partners effectively with leaders within the GWS business line as well as Supervision on key projects and initiatives.

• Develops and maintains product policies and procedures.

• Works in conjunction with management to prepare the Compliance Risk Assessment.

• Completes the annual conflict of interest and disclosure assessments for GWS packaged products

• Aids in designing, evaluating, and enhancing compliance testing, oversight and surveillance for packaged products.

• Assists with coordinating responses to regulatory exams and inquiries.

• Works in conjunction with management to develop and implement product-related continuing education and training programs.

• Researches regulatory changes and emerging risks to identify linkages, report trends and apply findings.

• Completes the annual mandatory absence assessment for GWS associates in assigned departments

• Completes the supplier risk assessment for GWS

• Assists with evaluation of compliance risks of new products and services for GWS packaged products

• Periodically reports on compliance and operational issues to senior management.

• Identifies and recommends solutions to automate and streamline functions that improve the operational efficiency of compliance systems and processes.

• Ensures effective coordination within assigned work group and with other work groups.

• Serves as a compliance liaison on various committees and projects that represent the department’s interests.

• Attends and delivers presentations at industry and/or company conferences.

• Balances conflicting resource and priority demands.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Advanced knowledge of:

• Concepts, practices, and procedures of securities industry and/or banking compliance.

• Rules and regulations of: