Portfolio Risk Monitoring Associate (Front End Compliance) recruitment
This role requires the use of integrity and professional judgement to develop procedures and systems to guarantee the accuracy of the front-end compliance systems; provide superior investment compliance and technology support to both the Equity and Fixed Income Investment Teams and Trading while ensuring the risk of trade loss is mitigated through the creation and real time monitoring of investment compiance rules and restrictions.
- Act as a compliance resource by providing on call compliance support to the Global based equity and fixed income Investment Teams and Traders
- Expand the usage, effectiveness and robustness of the front-end compliance function by partnering with different business units within the organization to define and document business requirements for regulatory, client directed and internal compliance rules and restrictions, this includes :
- Documenting business requirements and rule criteria in the form of detailed technical specifications;
- Developing and implementing plans to document test plans and perform user acceptance testing on compliance related development in all 3 compliance applications;
- Working closely with IT Developers to translate business specifications; and
-Perform User Acceptance Testing (UAT) on the developed criteria once completed.
- Provide valuable guidance and 360° impact analysis of compliance requirements effect on investment operations, trader workflow and portfolio management
- Effectively implement front-end restrictions as needed for new retail products and institutional accounts. Understand the impact that all security types have on each rule and how to set up those rules in all 3 front-end applications
- Implement, maintain and ensure the integrity of compliance rules within the different compliance monitoring applications
- Work with Portfolio Compliance, MFS Legal Dept. and Product Management. to interpret, translate and implement compliance rules as directed by Regulating bodies, Institutional Investment Management Agreements, Fund Prospectuses or internal committees;
- Work with Front end Compliance team members to mitigate risk by creating policies, procedures and preventative risk controls to ensure the effectiveness of the pre trade and order entry compliance monitoring function.
- Monitor updates to Fund Prospectuses, SAIs and Investment Management Agreements to ensure front end monitoring rules are consistent and up to date with current guidelines
- Work with vendor or internal technology groups to develop and enhance front-end compliance capabilities.
JOB REQUIREMENTS:
- 5+ years of investment operations and compliance related experience; strong knowledge of financial services rules and regulations (including 1940 Act and UCITs) and compliance risk management and best practices;
- Complete understanding of different security types (Equity and Fixed Income); with some derivatives experience preferred
- Experience with documenting in detail, business requirements and related rule criteria in technical specification format
- Good business judgment and the ability to handle stressful situations with internal clients while maintaining a professional approach to problem solving and risk reduction;
- Excellent organizational skills and the ability to work in a high pressure, fast paced environment;
- Strong analytical skills and attention to detail
- Excellent interpersonal skills and written communication skills.