Compliance Manager– Employee Ethics and Conduct Governance Program
Virtus Investment Partners, Inc.
Location: Hartford, CT
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
This position will lead the team that act as primary contacts for all matters related to the Virtus Code of Conduct, Adviser Code of Ethics, Gifts and Entertainment, Inside Information Statement and Policy and Procedures, Political and PAC Contributions Policy and Procedures, and other related policies and procedures (collectively the “Policies”). Responsible for managing the administration team and contributing to the Policies’ administration as needed. Leads and advances the overall design, implementation, and ongoing monitoring of protocols in place to address the compliance requirements of the enterprise-wide Policies. Manages special projects related to the Policies including administrative system implementations/upgrades, integration and ongoing administration of new affiliates or business reorganizations. May be called upon to assist in client portfolio guidelines monitoring and related portfolio oversight.
Duties and Responsibilities
Manages compliance staff responsible for administering the Policies and contributes at individual level as needed. Manages relationship with Code of Ethics administrative system vendors and contractors.
Ensures that the Policies are reasonably designed to prevent and identify violations of securities laws and that such policies are fully implemented and operating effectively. Ensures that sufficient forensic testing protocols are operating effectively in the compliance monitoring systems and/or in other manual calculations as required. Ensures that data feeds and reports to/from system are complete and accurate.
Ensures a sound system of internal controls including but not limited to controls to ensure data completeness and accuracy, audit trails of decisions made, safeguarding of sensitive employee information, and documentation of desk top procedures and protocols related to administration of the Policies.
Lead subject matter experts on the administration of the Policies; demonstrates subject matter expertise in regulations and regulatory and industry developments; proposes amendments and enhancements to Policies as required as well as system enhancements.
Prepares and/or supervises others in preparing timely, accurate and concise written reports as required; develops training content and provides ongoing effective training to employees related to Policies.
Qualifications
Bachelor’s degree, preferably with business focus in accounting/finance. MBA and/or FINRA Series 7/24 a plus.
Minimum of 5-10 years of progressive experience at investment advisory firms.
Experience with the design and administration of adviser, mutual fund and broker-dealer codes of ethics and related policies, as well as working knowledge of the Investment Advisers Act of 1940 and Investment Company Act of 1940.
Management skills/3-5 years of prior management experience.
Strong communication skills, both written and verbal, are critical as this role requires enterprise-wide visibility.
Capability to review regulations and develop effective written policies and procedures; and related high quality employee communications and training materials.
Intermediate knowledge of Excel, Word and managing large amounts of numeric data.
Experience in portfolio guidelines systems (CRD, Bloomberg, BNY DRAS, etc.) in monitoring investment company portfolio restrictions is a plus.
Strong analytical, problem solving skills, comfort analyzing large volumes of data, and attention to detail.
Ability to influence others in order to successfully implement compliance initiatives.
Ability to prioritize multiple tasks and work under pressure while maintaining attention to detail and to collaborate with fellow team members to achieve objectives within the project timeline.