US Compliance Officer
Salary: Market rate negotiable
- Location: United States - Connecticut
- Category: Finance
- Job Ref: MH1111US4014
Summary
A leading asset management company is looking for a US Compliance Officer to ensure that the organisation undertakes its activities in compliance with US regulations and laws.
The person fulfilling the role will be responsible for the day to day oversight of the compliance of the Connecticut office and also providing guidance and advice with regards to the sales and marketing of funds in the USA and North America.
The role will also include contributing to all aspects of the work undertaken by the Compliance department on a day to day basis and working as part of the team to ensure ongoing compliance.
The role will report to the Global Head of Compliance and be based in Connecticut, requiring occasional travel within the USA and overseas.
Responsibilities
• Advising on US regulatory matters with regards to US licences and ensuring operation in accordance with key requirements, such as the Investment Company Act of 1940.
• Working with US based senior management with regards to compliance with FINRA obligations including supervision of staff, monitoring of activities and preparation for RBC branch or US regulatory inspections.
• Dealing with US regulatory filings and reports, including the ADV registration forms and the brochure narratives with regards to information on the firm’s business activities and offerings.
• Liasing with US colleagues within RBC with regards to the management and oversight of the US funds and also the oversight of the broker dealer branch office status.
• Ensuring compliance with any relevant financial crime regulations and requirements, including requirements set by RBC and assisting with development of policies and procedures.
• Review and development of marketing and promotional materials, including liasing with Sales and Marketing teams with regards to client information standards and ensuring that the organisation meets all relevant US standards.
• Representing Compliance in relation to new and potential fund and product launches, where there are specific US regulatory considerations, including new product development, fund set-ups and negotiation of investment management agreements.
• Managing the registration and de-registration of US registered persons.
• Assisting with development of training for employees and ensuring that this includes key US matters. The role will also be responsible for ensuring that US based employees undertake any required training in a timely manner.
• Assisting London office with regards to any client on-boarding issues and working with sales and marketing team on any issues that arise in relation to the take on process.
All members of the department will also be expected to be involved in:
• Providing practical guidance on the proper application and interpretation of regulatory requirements, industry codes of practice and internal policies.
• Reviewing and monitoring changes in regulations and laws, and ensuring communication of relevant changes to the business.
• Updating of compliance policies and procedures manual to reflect the changing business and regulations.
• Conducting risk-based compliance monitoring reviews of the adequacy of control processes.
• Managing the investment guideline monitoring in the trade order management system, Charles River, and using other monitoring tools, as relevant to the operation of the office.
• Assisting in the resolution of rule breaches and client complaints, and following up to ensure that controls are amended to prevent recurrence.
• Administration of the Restricted List procedures.
Experience / Skills
Essential experience
• Solid compliance experience preferably with specific asset management experience over 7 years.
• Sound knowledge of relevant US laws and regulations relating to asset management activities and mutual funds. Broker dealer experience would be desirable but not essential.
• Knowledge of fixed income products, ideally including fixed income credit and derivatives.
• Hedge funds and long only funds experience.
Additional preferred experience
• Charles River Investment Management System.
• Knowledge and understanding of US regulations.
Required skills
• Ability to work with minimal supervision and guidance.
• Ability to undertake a number of tasks and projects concurrently.
• Excellent communication skills.
• Highly motivated self-starter.
• Hard working and committed.
• Enthusiastic and positive “can do” attitude.
• Cheerful and lively personality.