Senior Compliance Associate
Parnassus Investments
Location: This position is based in our San Francisco, California office with a hybrid model of 3 days/week in-office and 2 days/week remote.
Parnassus investments is one of the largest socially responsible investment companies in the United states, managing assets across five mutual funds that integrate environmental, social and governance (ESG) research into investment decisions. We seek to build wealth responsibly for long-term investors by investing in businesses with increasingly relevant products or services, sustainable competitive advantages, quality management teams and ethical business practices.
Our firm is a multi-year winner of the Pensions and Investments Best Places to Work in Money Management award. Our team members benefit from a supportive, collaborative culture that emphasizes quality, teamwork and continuous learning.
Overview
Reporting to the chief compliance officer, the senior compliance associate is responsible for the administration of the annual compliance testing programs, the vendor management program, the compliance calendar, and other tasks as assigned. This person works closely with key stakeholders across the organization including the sales and marketing, investment, technology, and operations teams as well as third party vendors.
Key Responsibilities
Compliance Testing – Manage the administration of the annual compliance testing program, which is part of the annual compliance assessment. Lead and conduct forensic, periodic, and transactional testing to ensure compliance with all applicable state, federal and self-regulatory agency requirements.
Project Management – Lead and participate in projects requiring interaction with other staff and departments to assess, document, monitor, report, develop, coordinate, and implement various compliance monitoring activities, ongoing testing and related controls.
Involvement in the setup and testing of compliance rules and restrictions within internal systems. Review and verify the accuracy of account setups.
Assist in the development, implementation, and maintenance of comprehensive compliance program controls and tools including the compliance manuals and other policies and procedures.
Vendor management – Work with third party vendor to manage the vendor management program to ensure that vendors are reviewed promptly and that any concerns are escalated and addressed properly.
Manage the compliance calendar and update it as required. Ensure that tasks are completed on time and follow up with other staff as needed. Escalate any past-due items to the Deputy CCO or the CCO.
Assist with projects and initiatives involving technology and data to develop, enhance, and automate compliance processes and test systems. Serve as resource to management for technology-related projects. Utilize available technology to enhance the Compliance Department and aid in efficiency.
Present complex information in a professional and easy to understand manner through written materials or presentations for a wide variety of audiences.
Keep abreast of changing regulatory requirements.
Implements and supports the department’s strategic direction, vision & mission in alignment with the Company’s strategy.
Responsible for visibly supporting the Company’s business initiatives and the initiatives of other departments.
Other duties as assigned.
Experience, Skills, and Knowledge
5+ Years of experience with Compliance or a related field such as internal audit.
Experience with and understanding of investment products including mutual funds.
Ability to prioritize, collaborate and problem-solve effectively to meet project deadlines
Excellent analytical, organizational, written and communication skills.
Proficiency with the latest computer technology, particularly Microsoft Office and related applications such as Teams and SharePoint.
Education
Bachelor’s degree in business or related field
Advanced degree is a plus
Compliance certifications are a plus
Supervisory Responsibilities: None.
Being Part of the Parnassus Team Includes
Competitive compensation commensurate with experience and skills.
An annual bonus based on several factors including both profitability and individual performance.
100% coverage of medical, dental and vision premiums for you and your family with no waiting period.
2:1 charitable contribution matching to nonprofit organizations.
The opportunity to collaborate with intellectually lecture robust coworkers.
This position is based on our San Francisco office with a hybrid model of 3 days per week in-office and 2 days a week remote. We are in San Francisco’s financial district near BART, Muni, ferries and cable cars and we provide a generous commuter subsidy.
We will only consider applicants who are legally authorized to work in the United states. We do not sponsor work related visas.
If this sounds like it was written for you, please send your resume to careers@parnassus.com.
Parnassus Investments is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, citizenship, disability, veteran status, gender identity, sexual orientation, genetic information or any other characteristic protected by federal, state or local law. We comply with the San Francisco Fair Chance Ordinance and will consider all applicants in accordance with this Ordinance.
Please see the Careers page of our website to view the privacy notice to job applicants to comply with the California Consumer Privacy Act (CCPA).