Director, Investment Adviser Compliance
MissionSquare Retirement
Location: Washington, DC
Be a great place to work with MissionSquare Retirement, a FINANCIAL SERVICES LEADER in public sector employee retirement products and services. Headquartered in Washington, DC, MissionSquare Retirement was founded to provide portable retirement benefits for city and county managers, enabling accumulated retirement assets to be transferred between employers. Today, MissionSquare Retirement serves more than 1.5 million participant accounts, and more than 9,000 retirement plans across the country. We have an extraordinary talent base and invite you to consider joining MissionSquare Retirement's Corporate Affairs Team.
Position is responsible for overseeing the reviews of the investment adviser functions of MissionSquare Retirement to determine whether they operate in compliance with applicable securities laws, rules and internal policies and procedures. Overall responsibility will include the development, maintenance, oversight of compliance policies and procedures and the design of the compliance testing. The position will consult with the senior manager responsible for compliance operations to implement the compliance testing as designed. The position will also be responsible for first line management of certain compliance activities. The position reports to the Senior Vice President & CCO of the Vantagepoint Funds and MissionSquare Retirement.
Essential Functions for this role include:
Develop, implement, monitor and report on internal policy and processes designed to ensure compliance with Federal Securities Laws, primarily the Investment Advisers Act of 1940 and secondarily the Securities and Exchange Act of 1933 and the Securities and Exchange Act of 1934.
Coordinate with various divisions throughout the corporation to ensure compliance with financial and transactional regulations applicable to the investment adviser.
Consult with the compliance operations director to reasonably ensure that staff maintain and operate internal review functions including but not limited to:
best practices and controls to ensure accurate and complete disclosures are provided to clients in a timely manner and client acknowledgement of delivery is documented;
controls to ensure compliance with client agreements and disclosures are adequately documented;
accurate set up and monitoring of client investment guidelines on the trade order management system and fund investment guidelines on the fund custodian’s compliance system.
accurate reporting of compliance with guidelines to clients where required;
monitoring is performed for capital market assumptions used by the Independent Financial Expert (“IFE”) application used for the robo-adviser product;
accuracy of fees charged to clients in compliance with the disclosures provided; and
compliance with trading policies and procedures as outlined in the Investment Advisers Manual.
Maintain and update as necessary the Investment Adviser Manual and ensure annual distribution to and acknowledgement of associates review and understanding.
In consultation with the SVP/CCO, develop and recommend workable action plans for correcting material weaknesses identified in reviews of adviser policies and procedures.
Provide subject matter expertise to the organization on compliance requirements for new and innovative platform based advice solutions.
Develop and maintain compliance standards for the investment advisor to guide related advice products, services and tools.
Assist in the quarterly reports to the Audit & Risk Committee of the MissionSquare Retirement Board of Directors.
Keep abreast of changes and new developments in the financial services industry and the impacts these changes have on the investment adviser and related entities.
Participate in virtual/on-site due diligence meetings with essential third-party service providers to the investment advisers.
If you have the following credentials, we encourage you to apply:
10+ yrs experience in investment company, investment adviser, broker/dealer or other financial services organization and /or industry service providers.
Knowledge and experience with Federal and State securities laws and rules and regulations of self-regulatory organizations.
Series 65 or Investment Advisor Certified Compliance Professional preferred
Strong knowledge of Federal Securities Laws and expert knowledge of the Investment Adviser Act of 1940.
Results oriented with the ability to work independently and make sound decisions on the basis of available information.
Capable of working effectively with all levels of internal and external clients and develop collaborative relationships.
Ability to think critically and develop creative solutions to compliance challenges
Strong knowledge of key Microsoft Office applications
Strong knowledge of EZE Investment software
Strong knowledge of robo-advisor compliance risks and related regulatory guidance.
To benefit your career and support your wellbeing, we offer:
Competitive Total Rewards (compensation and benefits) package, including 401(k) Plan with matching contributions
Varied incentive plans
Flexible/Hybrid work schedules
Wellness programs
Tuition reimbursement
Professional and career development courses
Mentoring programs
Volunteerism program
As a company, MissionSquare Retirement is an Equal Opportunity Employer. We strive to create an environment that reflects the value and diversity of our employees and fosters respect among them. We believe that talent from diverse backgrounds will further enhance our ability, and mission, to serve those who serve their communities.
Positions at this location require a COVID-19 vaccination. Offers of employment are conditioned upon the successful candidate providing proper proof of vaccination status prior to employment and pursuant to applicable law.