A financial services firm in New York City is actively seeking an experienced and hardworking professional to join their staff as their new Associate Director of Portfolio Compliance. In this role, the Associate Director of Portfolio Compliance will be responsible for monitoring current holdings and daily trading activity against client guidelines, restrictions, internal policies/procedures, and relevant regulatory requirements for proprietary mutual funds and registered investment advisers. Responsibilities The Associate Director of Portfolio Compliance will:
- Review systematic feasibility of investment guidelines and provide guidance/expertise as it relates to coding in the compliance monitoring system
- Participate in the new account setup and guideline change process
- Develop and test automated rules in the order management system, and any associated manual monitoring needed
- Review EOD portfolio compliance results
- Identify and resolve any active or passive compliance issues
- Work with Relationship Management, Compliance, Legal, Portfolio Management and Information Technology to respond to client requests for reporting
- Identify ways of creating efficiencies/improving processes in the investment compliance program using best practices
- Effectively participate in internal and external audits of controls, system upgrades and associated testing, including the SSAE18/SOC-1
- Assist with trade error/breach investigation and documentation
- Prepare and finalize regulatory section 13 filings
Qualifications
- Bachelor's degree
- 3-7+ years of relevant experience
- Solid working knowledge and understanding of capital markets
- Experience with fixed income, equity, and derivative instruments
- Proficiency in Bloomberg and other major software applications
- Comfortable working independently
- Strong analytical skills with excellent attention to detail
- Excellent verbal and written communication skills
- Excellent organizational skills
Desired skills
- 2+ years of rules coding experience, primarily in an asset management organization
- Series 7
- Knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, CFTC, NFA, FINRA and other regulatory requirements and/or experience with foreign regulations