Compliance Testing Program Manager

What You Can Expect In This Role

Design, implement and operate testing, surveillance and monitoring frameworks focused on compliance with client investment guidelines, Investment Book of Record (IBOR) positions, execution, allocation and valuation logic. Subject matter expert (SME) for translating investment policy language into coded rules, maintaining testing standards and escalating/remediating production exceptions with technology, operations, portfolio management and compliance partners.

• Translate Investment Policy Statements (IPS), client mandates and account‑level restrictions into coded rules and automated checks.
• Own the end‑to‑end guideline lifecycle: requirements, coding, unit tests, user acceptance testing (UAT), go‑live, and ongoing monitoring.
• Run daily/periodic guideline compliance checks, triage exceptions, perform root‑cause analysis and coordinate remediation.
• Document guideline interpretations, mapping rules and escalation/playbooks for persistent issues.

• Develop and execute test plans for IBOR calculations, trade capture, positions, cash, foreign exchange (FX) and corporate actions.
• Monitor IBOR accuracy vs. custodial/close‑of‑business (COB) feeds and facilitate reconciliations.
• Validate end‑to‑end trade lifecycle flows (order → execution → allocation → settlement) through automated and manual testing.

• Support best execution monitoring and transaction cost analysis (TCA) processes: validate TCA outputs, monitor execution quality metrics and investigate outliers.
• Build and maintain rules to detect anomalous execution patterns or potential best execution breaches.
• Produce regular best‑execution and broker‑performance reports for traders, portfolio managers and Compliance.

• Test allocation engines and rebalancing logic (model → account mappings, pro‑rata, partial fills, wash rules).
• Validate post‑trade allocation accuracy, monitor for allocation mismatches and investigate causes.

• Validate pricing / valuation feeds, mark‑to‑market and mark‑to‑model processes.
• Design checks to detect valuation overrides, stale pricing or material NAV variances; coordinate pricing vendor investigations.

• Create and maintain test plans, test cases and automated regression suites for critical systems (IBOR, OMS, PMS, accounting).
• Implement monitoring and alerting frameworks (SLA breaches, exception volumes, KPI thresholds).
• Leverage scripting/automation (SQL, Python, ETL tooling) to reduce manual effort and improve test coverage.

• Produce daily/weekly/monthly monitoring dashboards, KPI reports and exception trend analysis for senior management and auditors.
• Support internal and external audits: provide evidence, run ad‑hoc queries and remediate control gaps.
• Maintain comprehensive documentation (runbooks, playbooks, test artifacts, requirement traceability).

• Undergraduate degree in Finance, Accounting, Computer Science, Mathematics, Engineering or related field, or equivalent combination of education and experience preferred.
• 8+ years’ experience in investment operations, investment compliance, QA/testing or a related role within an RIA, asset manager, custodian or broker‑dealer environment preferred.
• Prior experience specifically coding investment restrictions/rules in a rules engine preferred.
• Strong understanding of the investment lifecycle: orders, executions, settlements, positions, cash, corporate actions and NAV/valuation concepts.
• Hands‑on experience with IBOR/POBOR concepts and/or portfolio/accounting systems (e.g., Black Rock Aladdin, Charles River, Sim Corp, Advent/Geneva/Moxy, or equivalent) — or proven ability to learn enterprise systems quickly.
• Practical experience writing test cases, running UAT and implementing automated regression tests.
• Technical skills:
  Comfortable with Excel (advanced), data manipulation and basic extract, transform, load (ETL) concepts.
• Excellent problem‑solving skills, attention to detail, and…