Compliance Analyst
Employment Type : Full-Time
The Compliance Analyst is part of the Account Establishing Team within Investment Compliance and is responsible for analyzing investment guidelines for institutional separately managed accounts and mutual, sub-advised, private and collective funds. The Compliance Analyst codes investment restrictions in the Aladdin order management system to assist the Portfolio Managers in managing accounts within the investment guidelines and provides training Portfolio Managers on their accounts. Such work also involves analyzing investment guideline alerts and ensuring clients’ investment restrictions are accurately reflected in the order management system to assist the Portfolio Managers in managing accounts. In addition, the Compliance Analyst will assist the team with ad hoc, project-based initiatives.
Responsibilities
- Review investment management agreements and prospectuses to identify and analyze investment guidelines and restrictions. This information ensures our clients’ money only goes where they want it and never in places they don’t.
- Based on this information, you will code rules into our trading software. It is very similar to types of rules that can be coded in Microsoft Excel. No experience with computer programming required!
- Ensure guidelines and restrictions are optimally and accurately coded into compliance systems for ongoing monitoring of funds/accounts' guidelines and provide training to Portfolio Managers on investment guidelines.
- Work closely with the investment compliance team, portfolio managers, legal, and vendors to continuously improve compliance monitoring of investment guidelines and regulatory rules by assisting with rule testing, new rule development, improving the automated monitoring of rules, and ensuring rules are working as intended.
- You help serve as the subject matter expert on all things related to rules and regulations. This is a dynamic industry, and we will rely on you to assist with the ongoing maintenance of procedures and related controls. By putting safeguards in place, our portfolio managers can confidently focus on their client relationships and trust us to do the behind-the-scenes magic.
- You will enjoy the autonomy to own your work product from start to finish. This role provides a strong sense of ownership and pride in the work you do.
- Coordinate and collaborate with the contracts office, client service, product and/or legal to clarify interpretive issues related to investment guidelines or disclosure documents. You will build a strong internal network and sense of working together toward a common goal.
- Your ideas and suggestions will have substantial impact by participating in Knowledge Shares with the broader team. This ensures all accounts are aligned with updates or changes with respect to account reviews, restricted list updates and rule coding.
- You will add a human touch to an otherwise highly regulated process. You will help with everything from preventing human error to honoring our clients’ values and principles.
Required Qualifications
- Bachelor’s degree (4 years) or equivalent
- 0-3 years of relevant experience
- Strong analytical and problem-solving skills, as well as strong verbal communication and interpersonal skills with all levels of seniority
- Ability to work independently and as a team, exercise flexibility, initiative, good judgment, and discretion
- Willingness to learn and desire to gain knowledge and develop skills to improve work performance
Preferred Qualifications
- Compliance rule coding, testing, alert monitoring experience in BlackRock Aladdin or similar order management systems
- Understanding of the Investment Company Act of 1940, Investment Adviser’s Act, Canadian regulation, and UK and European regulatory frameworks, such as various UCITs rules
- Understanding of financial instruments across asset classes in the investment compliance monitoring context, including equity, fixed income, and derivative instruments
About Our Company
At Ameriprise Financial, we’re not just in the business of helping clients with their financial goals – we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you’re motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.