Posted in: Other in Chicago | Posted: |
The Position
Our bank client is seeking to fill a Compliance Officer –Sub-Advisory/ERISA Funds role in the Chicago, IL area. The successful candidate will be the compliance program lead working closely with other employees of the compliance department, business partners, legal team, portfolio management and operations teams, and other service providers and stakeholders on the daily administration of the compliance programs.
The position includes a generous salary of up to $155K and an excellent benefits package. (This is not a remote position).
Compliance Officer –Sub-Advisory/ERISA Funds responsibilities include:
Directing and overseeing the involvement of other compliance team members assigned to support the compliance programs which may include directly managing other team members.
Leading compliance oversight of sub-advisers and other key service providers, including frequent communication with compliance staff, distribution and review of annual, quarterly, and other periodic questionnaires, participation in virtual and on-site (as practicable) due diligence calls, and documentation and reporting of findings.
Supporting all aspects of the compliance program, including among other things the design and operation of compliance policies and procedures, risk evaluations and conflicts monitoring, testing, training, addressing violations, and client reporting.
Supporting the registered investment company and ERISA plan assets clients.
Serving as a point of contact and liaison for regulators along with the CCO on all regulatory exams and inquiries together with other members of the compliance department.
Compliance oversight of portfolio management, trading, and related operations.
Providing Compliance reporting and other support to the sub-advisory clients, communicating and liaising with the Compliance staff of the clients, and leading clients’ due diligence and update meetings and calls.
Monitoring and evaluating the impact of business and regulatory developments on the programs, including new rules, regulatory guidance, and best practices, and recommending and consulting with the CCO on program adjustments.
Leading or participating in committees overseeing operations and compliance and preparing and presenting related compliance reports.
Participating in the design and drafting of compliance policies and procedures, as needed.
Serving as compliance program contact for internal and outside audits, annual compliance reviews, and risk assessments.
Leading the development and administration of compliance supervision, testing, and training programs.
Requirements
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
Bachelor’s and/or master’s degree, with an emphasis in business, finance, accounting, or equivalent preferred. MBA, JD, CFA, CPA a plus. IACCP or comparable certification is a plus.
Five or more years of professional experience with an investment management or financial services firm and a background in compliance, risk management, legal or related roles.
Familiarity with ERISA regulations and servicing ERISA accounts are required.
Broad financial services knowledge and understanding of fundamental investment concepts, practices, and procedures in the asset management industry and knowledge of the compliance rules.
Ability to work well under pressure/deadlines and independently manage multiple projects, as well as lead other members of the Compliance and business teams.
Strong communication and presentation skills and ability to effectively structure presentations and other communications for clients, consultants, boards, committees, and senior management.
Benefits
The position includes a generous salary of up to $155K and an excellent benefits package. (This is not a remote position).