Functional Compliance, Officer - Investment Management

Who we are looking for

Officer, North America Investment Oversight will provide investment oversight support for the investment management and other functions of SSIM and SSIM Funds Management, Inc. The Investment Oversight 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.

• Performing pre and post trade compliance monitoring for all asset classes on commingled funds, separately managed accounts, and registered funds;
• Analyze compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficiencies
• Developing, testing, and implementing automated rules within the monitoring systems and manual monitoring procedures for non-automated rules;
• Reading governing documents such as Fund Regulatory governing documents and Investment Management Agreements; identifying and resolving interpretive issues, and reviewing investment restrictions;
• Extracting compliance restrictions from governing documents for new accounts and amendments, and coding those restrictions into the compliance systems;
• Completing required new account/amendment documentation, including obtaining all necessary signatures, prior to effective date;
• Manage and provide support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign-offs are timely obtained
• Tracking new account and amendment onboarding status, providing reporting and updates to management;
• Developing or enhancing policies and procedures related to compliance processes, with a focus on establishing globally consistent best practices;
• Lead projects with IT, Data, and system vendors to identify ways to further enhance automation in the compliance system;
• Lead reviews with internal and external auditors to facilitate controls reviews;
• Lead in Project work (reviewing regulatory fund docs, compliance system coding/testing, etc..)
• Conduct client/local regulator meetings

• Ability to work under pressure
• Ability to read and comprehend governing compliance documents such as IMAs and Prospectus/SAI
• Demonstrated communication and interpersonal skills
• Strong analytical skills and organizational skills
• Attention to detail
• Ability to work independently and collaboratively with various levels of the organization

• Bachelor s degree in Finance, Accounting or Economics is preferred
• Sound understanding of Financial instruments - equity, fixed income, derivatives, bank loans, private credit is required
• Sound understanding of portfolio management lifecycle is required
• 1-3 years’ experience in the investment management field including experience in investment portfolio compliance or other areas of compliance
• Proficiency in Microsoft Office is required
• Prior experience with Charles River (CRD) / Sentinel/ Bloomberg/Aladdin is preferable but not required
• Prior knowledge in operating Bloomberg terminal is preferred but not required
• Knowledge of local regulations as it pertains to rule coding and monitoring of accounts

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

Salary Range: 65, Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional…