Compliance Officer
Virtus Investment Partners, Inc.
Our employees are our most valuable asset.
About the Team
Legal and Compliance provides decision support to facilitate the operations of the business and minimize company risk and exposure.
Legal includes a team focused on managing the overall legal affairs of the company, including corporate governance, SEC filings, regulatory matters, ligation, M&A and support for special projects, as well as an investment advisory team that provides legal support for investment products, manages governance affairs for the fund complex and fund boards, and supports fund and strategic initiatives.
Compliance supports and encourages an environment of high ethical standards and integrity throughout the company, with distinct teams focused on Broker-Dealer and Transfer Agent, Investment Adviser, and Fund compliance.
Job Purpose
The Compliance Officer is a key member of a broader team responsible for oversight and execution of the Investment Adviser’s compliance program, which includes ongoing compliance administration, new policy formulation, board reporting, sub-adviser due diligence, risk assessments, testing and maintaining regulatory filings. Day-to-day functions will consist of gathering relevant facts to determine potential risks, handling, and escalating issues to the Chief Compliance Officer (“CCO”) of two registered investment advisers. The candidate will regularly interact with individuals at all levels, including senior management, members of the Virtus Legal Department, and CCOs of affiliated entities and sub-advisers. The candidate will also be expected to continually enhance the processes performed within this role, consistent with changes in the business and regulations. Other opportunities exist to cross-train and backup compliance functions with affiliated entities across Virtus.
Duties and Responsibilities
Oversee the investment guidelines for mutual funds and ETFs
Perform reviews of mutual fund and ETF trading activities, on a pre-trade and post-trade basis. Review soft dollar, trade allocation, best execution and affiliated trading practices. Prepare reports which explain and describe findings and observations.
Perform oversight and due diligence reviews with sub-advisers and internal business partners, including conducting due diligence on sub-advisers and other service providers, review of policies and procedures, and documentation of forensic testing. Internally present findings involving new product launches, changes of vendors and new system implementations.
Assist the CCO in performing continual assessment and testing of policies and procedures and a formal written annual review of the compliance programs for two registered investment advisers in accordance with SEC Rule 206(4)-7.
Assist in the development, revising and implementation of procedures designed to ensure compliance with the Investment Company Act, Investment Adviser Act and CFTC/NFA regulations.
Assist with regulatory filings and other formal documents (e.g., Form ADV, SEC and Form PQR, NFA).
Assist the CCO with on-site sub-adviser due diligence, reviewing quarterly reports and certifications from various sub-advisers for board reporting purposes.
Assist in the drafting of board memorandums and reports to the Fund CCO, trustees and senior management in their oversight responsibilities.
Cross-train and backup other areas of affiliate or corporate compliance.
Qualifications
Bachelor’s Degree in Law, Finance, or Business Administration, or in a related field.
Minimum of 5 years of experience in securities compliance with a mutual fund and/or investment adviser.
Strong working knowledge of federal securities laws, including the Investment Company Act of 1940 (1940 Act), the Investment Advisers Act of 1940 (Advisers Act), among other regulatory requirements related to mutual funds, including exchanged traded Funds (ETFs) and NFA/CFTC regulations on commodity pools.
Solid background with guidelines systems and processes for mutual funds.
Experience in conducting compliance related research, reviews, and policy drafting.
Excellent written, verbal, and organizational skills.
Interpersonal skills, ability to regularly interact with individuals at all levels, including senior management, legal and Chief Compliance Officers and sub-advisers.
Travel for sub-adviser/vendor due diligence.
Salary Range: $94,400- $141,600
The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data.