Compliance Director, Registered Products

Job Description Summary

Uses extensive knowledge and skills obtained through education, experience, specialized training and/or certification in securities industry compliance to design, implement and supervise a comprehensive compliance and surveillance program. Provides compliance support and strategic guidance on a complex ’40 Act registered product platform that includes Mutual Funds, ETFs, CITs, and alternative products such as Interval and Tender Offer Funds. Leads major projects, programs, or processes with significant business impact. Influences strategic direction and develops tactical plans and completes complex assignments with substantial latitude for un-reviewed actions or decisions. Maintains extensive contact with customers and regulatory to identify, research, analyze and resolve complex issues.

Job Description

Essential Duties and Responsibilities

• Supports the development, implementation, and oversight of compliance policies, procedures, and testing programs in accordance with Rules 38a-1.

• Assists in preparation and distribution of board and committee materials for the Funds’ independent Board of Trustees.

• Partners with Legal, Risk and Compliance colleagues to manage corrective action plans and ensure regulatory compliance across all business functions.

• Perform reviews of Service Providers and Advisor investment guideline reporting.

• Minimizes the firm’s risk exposure while balancing business concerns.

• Maintains the required compliance systems for the firm while fostering positive business relationships with department associates and branch associates/affiliates.

• Stays abreast of ‘40 Act regulatory matters and assist with exam preparedness efforts.

• Serves as the primary liaison between the organization and industry regulators by responding to inquiries, audits, complaints, and investigations.

• May serve as a liaison between the organization and industry committees such as SIA, FSI, and the FINRA.

• Reviews compliance and risk management controls and recommends appropriate changes, as required.

• Coordinates the preparation and submission of regulatory filings and maintains required compliance documents.

• Serves as expert on compliance issues by maintaining proficient knowledge of applicable compliance statutory regulations and interpretations.

• May oversee compliance exception reporting processes and take appropriate action, as required.

• May draft and update written supervisory procedure manuals required by the SEC, if applicable.

• Continually evaluates department structure and strategic plan, considering future growth as needed. Promotes overall efficiency while maintaining a commitment to compliance standards and excellent service.

• Ensures processes and procedures support efficient and timely workflow.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Advanced Knowledge of:

• Experience and understanding of ’40 Act regulatory landscape, examinations and areas of enforcement priorities.

• Experience and understanding of SEC Investment Company and Investment Advisers Act Rules.

• Concepts, practices, and procedures of securities industry compliance.

• Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies.

• Understanding of U.S. investment/securities products, operations, and regulatory frameworks

• Financial markets and products.

• Investment concepts, practices and procedures used in the securities industry.

Advanced skill in:

• Administering regulatory notifications and filings.

• Planning and scheduling work to meet regulatory organizational and regulatory requirements.

• Investigating compliances issues and irregularities.

• Making rule-based and analytical decisions.

• Identifying and applying appropriate compliance monitoring procedures and tests.

• Written and verbal communications skills sufficient to professionally address a wide and varied audience both internally and externally.

• Preparing oral and/or written reports. 

• Project management skills and experience sufficient to successfully complete long and short-term projects.

• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, spreadsheets, and databases.