Head of Compliance and Internal Control, US
Natixis Investment Managers
Location: Boston, MA
Responsibilities:
Regulatory Compliance
Reporting to the NIM CCO, this role is responsible for day-to-day management of the Enterprise Compliance Program that applies to US Affiliates, which includes:
Developing enterprise-wide compliance policies, standards and practices in compliance with applicable law and Natixis Group standards and overseeing implementation of these standards at the Affiliates;
Advising Affiliates on compliance and regulatory matters;
Ensuring that there are processes to identify, assess and implement laws, regulations and rules that govern Natixis IM’s and its Affiliates’ operations;
Oversight at the Affiliates and Natixis IM of recommendations and requirements of regulators in order to prevent sanctions and the risk of reputation/ image/ or financial loss;
Chair or participate as a member to the Compliance, Risk & Internal Control Committees of assigned Affiliates;
Ensuring that compliance risks are identified and mapped in appropriate risk assessments;
Prepare regular reporting to senior management and Natixis Group Compliance including the production of metrics, KPls, KRIs and other indicators;
Oversee ISS, technology risk management and business continuity programs; and
Maintain a close relationship with Affiliates’ CCOs and GCs.
Advising Natixis IM management on compliance and regulatory matters;
Representing Natixis IM with applicable regulators;
Promoting a culture of effective compliance that is embedded throughout the asset management business;
Tracking and ensuring the proper implementation at Natixis IM of recommendations issued by internal audit;
Ensuring that Natixis IM Holding Company has effective policies, procedures and control systems for managing relevant compliance risks;
Oversee regulatory reporting at Holding Company (on behalf of affiliates and for NIM Holding);
Oversee administration of Holding Company Compliance Programs (Code of Ethics, Volcker Rule, etc.)
Partner with Legal and all others control functions (Internal audit, Risk division, financial controls);
Participate and contribute to Natixis IM Compliance related committees;
Participate to the due diligence process for new acquisitions or changes in the organization concerning Natixis IM affiliates.
Contribute to transversal projects (such as regulatory projects, organizational projects related to the Compliance Department’s objectives).
Internal Control
Overseeing and monitoring affiliates’ annual permanent control framework (completeness of control plan, progress level, significant findings, follow-up of remediation actions…). Consolidate results and report KRIs to Natixis and other stakeholders.
Overseeing the US portion of Natixis IM Holdco’s internal control plan (administration, risk identification, testing and monitoring of remediation actions).
Supervise the update of the annual non compliance risk mapping at US Affiliates and for the US portion of Natixis IM Holdco.
Overseeing the implementation at US Affiliates of various risk assessment frameworks and related matrices (CCO Testing) to ensure consistency and efficiency in execution.
Preparing annual internal control report covering the US Affiliates for Natixis and other stakeholders.
Working in partnership with the Affiliates to strengthen governance, risk and control environments by anticipating issues, providing advice and sharing Internal Controls knowledge and best practices.
Combined US Operations (“CUSO”) Compliance
As Foreign Banking Organization with US operations, Natixis maintains a compliance and risk oversight framework for its CUSO. Reporting to the Secrétaire Général of CUSO, this role is also responsible for ensuring that elements of the Natixis CUSO Compliance and Internal Control frameworks are implemented at Natixis IM and its Affiliates. Key responsibilities include:
Overseeing that CUSO standards are implemented, as appropriate, at NIM and its Affiliates;
Ensuring accurate and timely contribution / production of CUSO reporting to ensure that CUSO management and the Natixis US Risk Committee have a comprehensive view of the risk exposure and the risk management and control framework across all risk stripes;
Partnering with CUSO teams and Natixis CIB Compliance / Internal Control teams to coordinate CUSO Compliance matters within the group, as well as identifying emerging risks;
Participating in CUSO governance frameworks; and
Representing Natixis IM before the Federal Reserve Bank of New York
Management
Establish and monitor the budget related to applicable responsibilities
Manage and coordinate the activities of the US Compliance and Internal Control teams
Define and monitor individual objectives.
Qualifications:
12+ years’ experience in Compliance and a broad knowledge of the asset management business, experience working at a bank owned asset manager preferred;
Proven management qualities;
College Degree required and JD strongly preferred;
In-depth knowledge of regulations applied to the asset management industry and financial markets;
Experience managing regulatory examinations and audits; and
Relational and communication skills and an aptitude to cooperate efficiently with the top management within the different Natixis IM and Natixis entities.
#NatixisIMCulture
Natixis Investment Managers is an equal opportunity employer and does not discriminate in recruiting, hiring, training, promotion or other terms, conditions and privileges of employment on the basis of race, color, age, national origin, ancestry, religion, sex (including pregnancy), sexual orientation, gender identity, genetic information, military or veteran status, physical or mental disability, or any other status protected by law.