Cco - Boston, MA, United States - Loomis, Sayles & Company

Description

Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide.

We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients.

Founded in 1926, Loomis Sayles currently oversees approximately $310 billion in assets under management for global clients spanning more than 50 countries.

We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Loomis Sayles is committed to the continual improvement of our performance, processes and people. Loomis Sayles has as opening for a Director of Portfolio Compliance.

The Director of Portfolio Compliance will report to the Deputy Chief Compliance Officer ("Deputy CCO") and will be an integral part of the Legal and Compliance Department ("Department").

The Department has a Charles River Development ("CRD") Compliance Group with XX compliance professionals whose primary responsibility is to oversee the firm's compliance with its clients' investment guidelines and restrictions through CRD.

The Director of Portfolio Compliance will work closely with the other Directors in the Compliance Group to manage the CRD Compliance Group, and to implement new compliance initiatives for the firm by managing ad hoc projects for the group that enhance existing or implement new functionality in CRD .

Directly supervising Compliance staff
Manage a project to audit the guidelines coded in CRD with internal global compliance resources
Manage the projects that are identified through the guideline coding review to ensure that the issue does not exist in other client accounts
Manage the process that independently reviews the new account set up, cap adds and withdrawals, and TIKs to ensure that timely reviews are being conducted and enhancements are being made to firm processes, where appropriate
Manage projects for CRD related projects under his/her direct reports by ensuring that the projects satisfy required deadlines and its intended objectives to minimizes firm risk

Maintain Compliance Manual Procedures, including, but not limited to Compliance Program Summary, Client Investment Guideline Compliance Policies and Procedures,Cover Policies and Procedures, etc.

Maintain Desktop Procedures for the CRD Compliance Group
Maintain Monthly CCO reporting and conduct analysis to determine if the work is allocated fairly and make workflow enhancement changes, where necessary
Maintain the outstanding issues matrix and follow up with the Investment Teams and Client Service on any outstanding issues that may require amendments to the client guideline and/or offering documents
Conduct error analysis and statistics for the CRD Compliance Team and draft quarterly error memos for the Chief Compliance Officer and Deputy CCO and make recommendations for enhancements in problematic areas
Analyze and oversee implementation of domestic and foreign regulations and sanctions
Review new issue prospectus documents for client eligibility
Review Investment Company, Investment Adviser and ERISA regulations for investment eligibility requirements
Periodically attend client meetings to discuss Compliance Department processes and initiatives
Bachelor's degree in a business related field. MBA or JD preferred
Minimum of 15 years of asset management compliance experience
Minimum 5 years of supervisory experience managing compliance professionals on an automated guideline compliance team at an asset management firm
CRD Compliance System rule coding skill is required
Minimum 5 years of project management experience, including understanding of dependencies, the ability to work well with others and to require that they complete their tasks in a timely fashion in order to meet project deadlines
Must have experience in reviewing offering documents
Must have ability to work both independently and in a team environment to work effectively with other members of the Department and senior members of other departments within Loomis in a collaborate manner
Must be able to trouble shoot and problem solve while balancing the needs of all parties involved to keep projects moving to completion
Must have knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940 and ERISA regulations
Must have strong computer skills, including competence with Excel, Word and Bloomberg
Work from the Boston office location on Tuesdays, Wednesdays and Thursdays
Work from home on Mondays and Fridays
Hybrid work schedule is subject to change based on Senior Management discretion
EEOC and Diversity S tatement

Loomis Sayles is deeply committed to building a diverse and inclusive workforce in which talented individuals can realize their full potential and contribute to our growth and success.

Please consider applying for this role even if your work history and skillset doesn't completely match the job description.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender , age, national origin, religion, sexual orientation, gender identity, status as a vete ran, and basis of disability or any other federal, state or local protected class.

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