- Review and interpret all account governing documents, including but not limited to Investment Management Agreements (IMA), Prospectuses and Statements of Additional Information to identify investment restrictions that require monitoring by compliance and the business and establish systematic compliance rule validations or manual work-around solutions.
- Create, test, and document new compliance rules in Charles River IMS.
- Ensure accuracy and completeness of client portfolio guidelines in Charles River as part of the setup and ongoing administration of accounts.
- Ensure accuracy and completeness of client-directed restriction lists; update as needed.
- Daily review of post-trade reports/monitors for trade overrides and compliance alerts and take necessary actions to facilitate the correction of any breaches detected.
- Support Portfolio Implementation and Trading on compliance-related issues/questions that may come from clients or internal colleagues.
- Analyze why a compliance alert is generated using proficient knowledge of investment guidelines, global regulations, compliance systems, internal policies, data etc. in order to provide independent, accurate and timely decisions to investment and trading personnel.
- Demonstrate a proficient understanding of Charles River IMS in order to support the implementation of new policies.
- Assist with implementing improvements to automation capabilities.
- Review daily supervisory exception reports and understand what actions are needed to effectively address all potential exceptions.
- Complete periodic client account certifications and questionnaires (monthly, quarterly, and annually).
- Conduct forensic testing to ensure adherence to trading-related policies (i.e. Trade Allocations, Trade Corrections, Cross Trades) and to identify instances of inappropriate activities (i.e., cherry picking, portfolio pumping, window dressing) or other regulatory prohibitions.
- Assist with the review and updating of existing investment compliance and trade-related policies and procedures in response to changes in the business or regulations.
- Identify ways of creating efficiencies/improving processes to the investment compliance program using best practices.
- Participate in investment compliance-related initiatives and special projects as assigned.
- Bachelor's degree with a minimum of 5 years of relevant compliance related experience in the investment management industry, with a focus on U.S. fund compliance matters and separately managed accounts, working in any combination of Compliance, Portfolio Administration, Operations or Risk Management.
- Working knowledge of investment compliance rule construction and data requirements needed for proper rule construction.
- At least 3 years' experience coding client and regulatory guidelines in Charles River IMS, including coding complex (conditional) compliance rules and benchmark comparative rules.
- Deal effectively with investment personnel, with a strong knowledge of equity, fixed income, and derivative asset classes.
- Solid understanding of the securities industry and regulatory requirements related to the Investment Advisers Act of 1940, Investment Company Act of 1940, UCITS, and ERISA regulations required.
- A solid understanding of trade order lifecycle.
- Excellent attention to detail, a high degree of initiative and adaptability, and the ability to deliver timely work products.
- Excellent PC skills with high proficiency using MS Office (e.g., Word, Excel, SQL Server) and adept at analyzing data (i.e., using SQL, v-lookup, pivot tables, etc.).
- Ability to exercise good judgment and exchange complex information effectively to reach agreement in ambiguous situations.
- Excellent organizational skills, ability to manage competing priorities and deadlines.
- Excellent interpersonal skills with the ability to work independently and as a member of a team.
- Experience with other rules and regulations under the Securities Act of 1933, the Securities Exchange Act of 1934, CFTC and FINRA a plus.
- Familiarity with Environmental, Social and Governance (ESG) factors and global regulatory requirements a plus.
- This position requires remote after-hours support work to resolve compliance alerts that occur during nightly system updates.
- Accessibility by email and/or phone during non-business hours.
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Senior Compliance Analyst, Investment Compliance - Chicago, United States - Harris Associates L.P.
Description
At Harris, the true value of what makes us successful is found in our people. It is our unique mix of cultures, experiences, beliefs and backgrounds that sets Harris apart from the rest.We constantly strive to cultivate, nurture and amplify an unparalleled environment, where we value intellectual curiosity and uniqueness of thought.
Inclusion is embedded in the very fabric of our culture of collaboration and openness.We understand that a job description only tells one part of a broader story, and Harris is seeking dynamic candidates who can add to our best-in-class environment.
We recognize that qualifications can be gained through both traditional and non-traditional paths, and we are committed to considering candidates who possess the potential to be excellent in this role regardless of prior experiences.
Therefore we encourage ALL interested individuals to submit their applications, even if they do not meet every requirement outlined in the job description.
The PositionThe Investment Compliance function is responsible for ensuring compliance with regulatory, prospectus, client-directed, and internal investment and operational restrictions for every portfolio managed by Harris Associates.
The Compliance Analyst will work with internal users/stakeholders across all levels of the organization to ensure adherence to policies and procedures designed to mitigate risk of compliance guideline breaches.
Success in this role means being intellectually curious regarding the why of a particular guideline, highly responsive, accountable, and having exceptional attention to detail.
This position reports to the Head of Investment Compliance.Responsibilities
Required
Harris Associates L.P.
pursues a policy of equal opportunity in all areas of employment including recruitment, hiring, training, compensation, benefits, advancement, and treatment on the job.
This means that Harris does not discriminate against employees, or qualified applicants, based on an individual's race, color, religion, creed, sex, age, national origin, physical disability, sexual orientation, trans-gender status, transsexual status, status as a veteran or disabled veteran, genetic information or for any other reason prohibited by law.
Harris reserves the right to review publicly available information about applicants (i.e., via social networking sites), to the extent permissible under applicable law.
Reasonable Accommodation NoticeWe provide reasonable accommodation for individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at or you can call us at
Privacy Statement
The information you send to us is used for employment purposes only. What you send is kept confidential-we will not give your personal information to outside parties without your consent.
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