Head of Regulatory Compliance

Written By Ingrid Nordskog

Harris Associates

Location: Chicago, IL

The Position

Harris Associates is committed to bringing together individuals whose diverse backgrounds, opinions and perspectives maximize our expertise in finding value and delivering an excellent client experience.

Key Responsibilities

  • Regulatory Filings

  • Monitor regulatory updates related to an SEC registered investment adviser in various jurisdictions and assess the potential impact to Harris

  • Maintain firm registrations and exemptions in foreign jurisdictions

  • Oversee the preparation and submission of regulatory reports, including, but not limited to: Form ADV, Form CRS, Form BD, Form PF, Bureau of Economic Analysis (BE-11; BE-180; BE-15, BE-10A), Bank Holding Company Reporting, Fed TIC filings (B, S, D, SLT, SH-C/A/LA), 13 G & F, 13h-1 (Large Trader), Forms U4/U5, FINRA Contacts, etc.

  • Substantial Shareholdings

  • Monitor regulatory updates related to shareholding disclosures in various jurisdictions and assess the potential impact to Harris

  • Oversee and serve as back-up for the preparation and filing of U.S. and foreign substantial shareholding reports with regulators, issuers and other monitoring bodies (e.g., exchanges)

  • Marketing Compliance

  • Oversee the review and approval of marketing materials in accordance with compliance requirements, the firm's policies, and applicable regulatory regulations

  • Oversee the quality and consistency of marketing materials and advising on applicable compliance guidelines

  • Serve as a subject matter expert regarding marketing compliance related firm policies and provide appropriate guidance and training to business partners

  • Oversee the enhancement and maintenance of marketing compliance guidelines and remain current on developments to provide appropriate guidance and training to Marketing and other impacted groups

  • General Regulatory Compliance Matters

  • Oversee compliance with privacy regulations, including the review and monitoring of business activities and vendor management to ensure compliance with Data Privacy requirements

  • Oversee the maintenance of data privacy documentation (e.g., register of data and processes, policies, procedures, remediation plan)

  • Implement and maintain a records management framework and establish a data retention and deletion program across systems and processes

  • Oversee Volcker rule compliance

  • Oversee the maintenance of the lists of affiliates

  • Actively participate in discussions with business unit personnel/management to better gain an understanding of relevant processes in order to improve regulatory reporting processes

  • Oversee sanctions monitoring and reporting

  • Provide support to Employee Compliance in developing Regulatory Compliance related training materials

  • Support the CCO on all regulatory exams/inquiries and shareholder audits together with other members of the Compliance Team

  • Monitor and evaluate the impact of business and regulatory developments on the compliance programs, including new rules, regulatory guidance and best practices, and recommend and consult with the CCO on program adjustments

  • Collaborate with Legal for projects needing escalation

Position Qualifications (Knowledge, Skills, Abilities)

Required

  • Bachelor’s degree in business administration, finance or related field

  • Minimum of 15 years relevant work experience in the financial services industry (investment advisory, mutual funds, broker-dealer)

  • Knowledge of SEC and FINRA laws, regulations, and guidance, particularly as it relates to the investment advisory marketing activities, social media, and mutual funds

  • Knowledge of GIPS compliance and disclosure requirements

  • Experience dealing with U.S. and foreign regulators and attorneys in foreign jurisdictions

  • Excellent communication, technical and organizational skills, along with the ability to manage competing priorities and deadlines

  • Excellent attention to detail, a high degree of initiative and adaptability, and the ability to deliver timely work products

  • Strong interpersonal skills and the ability to work with all levels of personnel with a high degree of integrity and maturity

  • Strong verbal and written communication skills, with an ability to present ideas and information clearly, logically, and succinctly

Preferred

  • FINRA Series 7 and 24, preferred (or willingness to obtain)

  • Characteristics and Attributes

  • High level of integrity and professionalism

  • Excellent judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek independent advice and when to act independently

  • Driven by collective success

  • Desire to constantly improve status quo

Ingrid Nordskog
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