Asset Management Compliance Job Description

Asset Management Compliance Job Description

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Asset management compliance provides guidance to internal business partners regarding the advertising requirements under the Investment Advisers Act of 1940 as requested.

Asset Management Compliance Duties & Responsibilities

To write an effective asset management compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included asset management compliance job description templates that you can modify and use.

Sample responsibilities for this position include:

Facilitate and perform annual SOX and Audit walkthroughs and document corresponding processes associated with the in-scope application and supporting infrastructure
Perform IT SOX testing for all in-scope applications, databases and operating systems
Assist the identification and implementation of best practices
Monitor the status of implementation of corrective action and where issues are not implemented in line with agreed timelines
Interact with all levels of business management and staff
Lead audit engagements as outlined above covering the AM businesses including risk assessments, audit planning, audit testing, control evaluations, report drafting and follow-up and verification of issue closure
Drive AML audit coverage, issue validation and consultation on remediation activities for AM
Maintain the electronic personal trading system on a daily basis
Process personal trade requests
Respond to employee questions

Asset Management Compliance Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Asset Management Compliance

List any licenses or certifications required by the position: ITIL, QALICB, JD, HB, QIB, NFA

Education for Asset Management Compliance

Typically a job would require a certain level of education.

Employers hiring for the asset management compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Law, Business, Accounting, Economics, MBA, Education, Legal, Associates, Financial Services

Skills for Asset Management Compliance

Desired skills for asset management compliance include:

Applications
IT Services
Infrastructure
Utilizing a risk-based approach to documentation
CFPB
Experience working with Sarbanes Oxley
FFIEC
FRB regulations and regulatory guidance
OCC
Investment Advisers Act of 1940

Desired experience for asset management compliance includes:

Proven ability to work in a fast-paced and multi-faceted environment
Minimum of 5-7 years of tax experience required
Participation in regulatory and industry meetings SEC Outreach Program, ICI in Washington, D.C
A strong understanding of key banking and securities-related regulations and current regulatory developments relevant to AM
Able to work independently in a busy environment and to meet deadlines consistently
Ethical and able to keep a confidence

Asset Management Compliance Examples

1

Asset Management Compliance Job Description

Job Description Example
Our growing company is looking to fill the role of asset management compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for asset management compliance
  • Prepare and co-ordinate monthly SOX and Audit technology updates for distribution to the T&O Risk extended team
  • Attend meetings and hold ad hoc discussions with business to understand new initiatives, offer compliance guidance, and determine sales and distribution related potential impacts for global distribution of advisory products and services
  • Review client specific and other institutional product (US and Global) related marketing communications
  • Analyze relevant policies and procedures and conduct interviews with staff, conducting and documenting detailed testing of the Volcker requirements
  • Work to enhance the visibility of the Volcker monitoring and testing program and establish key business relationships
  • Coordinate with the business areas, Legal, Technology and Operations to assist with new business initiatives and regulatory requirements
  • Advise on applicable rules and regulations and coordinate regulatory relationships and inquiries, including licensing, regulatory reporting requirements, data privacy and outsourcing
  • Interact closely with counterparts in Hong Kong, EMEA and the US to develop where applicable, regional policies and procedures in order to comply with the regulatory requirements
  • Provide policy guidance to the business and conduct requisite Compliance training
  • Monitor and escalate aging issues and unresolved disputes to management
Qualifications for asset management compliance
  • Strong knowledge of securities regulations as they relate to investment management and prospectus and non-prospectus mutual funds
  • Strong knowledge of anti-money laundering/anti-terrorist financing law as it relates to investment management
  • Experience developing and executing compliance programs
  • Degree in Business, Finance, Law or equivalent
  • Strong computer skills – database development and management
  • Servicing both institutional and retail clients other relevant HK regulations
2

Asset Management Compliance Job Description

Job Description Example
Our company is growing rapidly and is looking for an asset management compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for asset management compliance
  • Work with other Risk Management Group teams (such as the Control Room, Financial Crime Compliance, and Monitoring and Surveillance teams within Compliance, Operational Risk, Credit and Prudential, Capital & Markets) to improve the efficiency of the Compliance team and delivery of service to the MAM business
  • Developing, subject matter expertise, to be the primary adviser / point person within the compliance team dedicated to Investment Management and Client Reporting
  • Providing regulatory and policy guidance to PWM professionals on portfolio management services
  • Development, implementation and advice on compliance-related policies and procedures
  • Performing forensic surveillance of investment discretionary mandates
  • Providing regulatory advice on client reporting including leading client reporting initiatives and projects working closely with Global Compliance
  • Participation in MiFID II workstreams working with PWM stakeholders and cross-divisional Compliance on regulatory implementation of client reporting
  • Analysis of cross border regulations to understand viability of offering PWM’s investment services into the multiple jurisdictions where PWM has a presence
  • Analyze relevant policies and procedures and conduct interviews with staff, conducting and documenting detailed testing of Fiduciary requirements
  • Work to enhance the visibility of the Fiduciary/12 CFR Part 9 testing program and establish key business relationships
Qualifications for asset management compliance
  • Ability to effectively develop and communicate recommendations based on SOX Corporate Office (SCO) guidance
  • Assess the impact of regulatory developments that could impact the Mutual Fund Dealer, and where appropriate, support the development of new control mechanisms
  • Assess the sufficiency of controls for current regulatory requirements for the Mutual Fund Dealer, and where appropriate, support the development of enhanced control mechanisms
  • Provide independent effective challenge and oversight with respect to regulatory risk by developing and maintaining the Enterprise Compliance Program
  • Conduct issue-oriented and comprehensive compliance reviews and reporting, orally and in writing, to other compliance staff and senior business leadership on your assessment and practical business recommendations
  • Support the creation and analysis of risk assessments, and prepare summary reports
3

Asset Management Compliance Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of asset management compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for asset management compliance
  • Provide daily compliance surveillance of GSAM portfolios for regulatory requirements and applicable policies and procedures
  • Provide daily compliance surveillance of GSAM employees Personal trading activity
  • Compliance monitoring of any aspects of FCA regulations as part of general monitoring or forensic review work
  • Review post trade exceptions for investment violations (familiarity with Sentinel Guideline system)
  • Ensure breaches and complaints are logged and cover the compliance aspect of the sign off
  • Assistance in the production of board reports of for the Head of EMEA Compliance
  • Participate in the review and evaluation of new instruments and vehicles to identify compliance issues and surveillance needs
  • Create compliance training programs
  • Providing compliance advice on complex projects
  • Performing targeted tests on line of business controls and provide guidance on identified risks
Qualifications for asset management compliance
  • Identify and support root cause analysis in response to material control failures in lines of businesses and document within Accelus
  • Manage and respond to regulatory inquiries from the MFDA
  • Provide general regulatory and compliance advice to all staff of the Mutual Fund Dealer including Provincial Compliance Officers, Branch Compliance Officers, and retail branches
  • Assist with the daily assessment of suitability of mutual fund trades with appropriate follow-up
  • Legal and compliance experience in the financial industry is preferred
  • A solid understanding of regulatory and compliance operations is beneficial
4

Asset Management Compliance Job Description

Job Description Example
Our innovative and growing company is hiring for an asset management compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for asset management compliance
  • Support the AMC Institutional and Intermediary directors in making various regulatory filings that support the business activities of the institutional and intermediary distribution teams including State lobbyist filings and Firm foreign registration reporting requirements, 529 related reporting and gathering supporting documentation for the Firm’s required annual custody rule review, U4, U5, and NFA/CFTC filings as well
  • Serve as primary backup support on institutional RFP, RFI, DDQ and client service requests and assist with compliance support for the Firm’s WRAP/SMA business
  • Assist with various projects including NFA Bylaw 1101 annual review, annual QIB certification process, and SalesForce updates to offshore marketing requirements
  • Manage creation, maintenance and implementation of several policies and procedures applicable to the Intermediary and Institutional distribution functions
  • Support Intermediary Product and Marketing Registered Principals with supervision oversight issues/question
  • Assist with Social Media related projects and approval requests
  • Stay up to date on regulatory and industry changes and assist in the development of impact assessment and summary communication for his/her business partners
  • Assist with adhoc AML and ABC case researches
  • Conduct reviews of marketing materials to ensure conformance with US regulatory requirements firm policies and procedures
  • Monitor the release of tax updates related to various U.S. reporting and withholding regimes including IGAs with FATCA partner jurisdictions
Qualifications for asset management compliance
  • Thorough knowledge and understanding of, and experience with, the practical application of relevant securities rules and regulations and other applicable regulatory requirements
  • Demonstrable experience conducting compliance risk assessments, monitoring and testing
  • Practical experience of conducting testing and monitoring reviews specific to investment adviser requirements and alternative investments in an asset management company
  • Strong written and verbal communication skills, influencing abilities
  • Provides direct support to Senior Managers, Regulatory Compliance
  • Perform monitoring of trading activity and 2nd line oversight monitoring of investment restriction monitoring
5

Asset Management Compliance Job Description

Job Description Example
Our company is searching for experienced candidates for the position of asset management compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for asset management compliance
  • Cross train and provide back up to other members of the Compliance team as required
  • Providing backup support to other Executive Assistants in Compliance
  • Manage and provide portfolio monitoring support for portfolios trading in the U.K
  • Identify, resolve and/or escalate issues in a timely and effective manner
  • Work with the Head of International Compliance and the FMRIM (U.K.) Executive Director to coordinate effective coverage of U.K
  • Help manage investment related regulatory application process for FMRIM (U.K.) and its employees
  • Manage audits and oversea filing of trade/transaction reports and other regulatory filings
  • Keep current with relevant U.K
  • Partnership with business to further enhance and strengthen the Asia Cross Border framework
  • Support Asset Management Compliance officers in the Region on Cross Border related issues, provide oversight and be actively involved in execution when required
Qualifications for asset management compliance
  • 5 years compliance experience in an investment management firm or similar business within the financial services industry
  • The ability to stay current on developing regulatory requirements
  • Provide compliance approval of staff trading, marketing, cross border activities, gift and entertainment
  • Monitor regulatory reporting deadlines, assist with internal reporting
  • Complaint handling and reporting
  • Assist with drafting and implementing policies, procedures and controls

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