Functional Compliance, AVP

State Street
London, UK
Not disclosed
20 May 2022
07 Jun 2022
Approved employers
Approved employer
Contract type
Full time
Experience level

Job Description

Who we are looking for

As an Investment Oversight Assistant Vice President, this individual will join a team of global professionals that provides compliance support for the investment management and other functions of SSGA. The Investment Compliance team is responsible for supporting investment compliance, including the monitoring of regulatory requirements and client-specific guidelines, trade oversight, and client reporting, as well as other specialized areas of compliance.

Why this role is important to us

The team you will be joining is a part of State Street Global Advisors, one of the biggest asset managers in the world, that provides services to the world’s governments, institutions and financial advisors across the globe. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.

Join us if making your mark in the asset management industry from day one is a challenge you are up for.

What you will be responsible for

Key Responsibilities

  • Supervise junior team members in the completion of daily investment compliance tasks
  • Review and interpret governing documents such as prospectuses, SAIs, fund declarations, strategy disclosure documents, and investment management agreements; identify and resolve interpretive issues, and review investment restrictions
  • Review account extraction/modification forms and system-coding performed by a team of analysts to ensure accuracy
  • Manage new account set-up and rule maintenance process to ensure new accounts and updates to guidelines are accurately completed and reviewed according to procedure
  • Monitor new account/amendment onboarding process to ensure that appropriate reviews and sign-offs are timely obtained
  • Develop, test, and implement automated rules with the monitoring systems and manual monitoring procedures for non-automated rules to ensure accuracy of all account guidelines, instructions, and mandates
  • Review pre- and post-trade incidents to identify compliance breaches
  • Analyze compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficiencies
  • Develop or enhance policies and procedures related to investment compliance processes, with a focus on establishing globally consistent best practices
  • Work with IT, data, and system vendors to identify ways to further enhance automation and testing within the compliance systems
  • Effectively liaise with internal and external auditors in the facilitation of control reviews and associated testing

What we value

These skills will help you succeed in this role

  • Ability to make, validate and act on decisions using sound and logical judgment as well as influencing/assisting others to make these decisions using established regulatory guidance, policies, and procedures
  • Fluent in various investment types, including currency, fixed income, equity, and derivatives
  • Demonstrated analytical skills to effectively interpret governing compliance documents such as investment management agreements, prospectuses, and client guidelines/instructions
  • Team player, proactive, adaptable, and self-motivated
  • Ability to manage multiple priorities while maintaining attention to detail
  • Effective communication and interpersonal skills

Education & Preferred Qualifications

  • Bachelor's degree in Finance, Accounting or Economics is preferred
  • 6-9 years of experience in the investment management field, including portfolio compliance or other areas of regulatory compliance
  • Charles River (CRD) / Sentinel coding experience
  • Proficient in Bloomberg
  • Knowledge of EMEA based regulations UCITs, AIF, COLL, KVG type funds, and other regulatory requirements is a plus
  • Demonstrated high-level analytical and problem-solving skills
  • Knowledge of Sentinel and Bloomberg compliance systems is a plus
  • Strong computer skills including knowledge of Excel and PowerPoint

For further information, and to apply, please visit our website via the “Apply” button below.

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