Retail Project Manager, Governance Lead
U.S. Bank
Managing Director and Chief Compliance Officer
Manulife
full-time
Posted on:
Origin: • 🇺🇸 United States • Massachusetts, New York
Visit company websiteSalary
💰 $152,900 - $283,800 per year
Job Level
Lead
About the role
- Responsible for the adoption, implementation, testing, and oversight of each RIC’s 38a-1 compliance program and supporting investment adviser 206(4)-7 elements
- Conduct required reviews of the RICs and their service providers’ policies and procedures, including compliance-related due diligence
- Conduct manual pre-transaction compliance reviews and analysis of commercial mortgage loan and senior loan transactions for compliance with RIC investment guidelines, 17(d) co-investment orders, and Investment Company Act requirements
- Prepare quarterly and annual compliance-related reporting and updates to RIC boards, Manulife management, and oversight governance committees
- Work closely with law, compliance, finance, operations, and portfolio management to develop, document, and administer policies and procedures to prevent, detect, and correct securities law violations
- Provide compliance leadership and manage Rule 206(4)-7 compliance program for CQS (US) including testing, regulatory examinations, training, conflict management, and regulatory filings
- Work closely with executive management, legal, and portfolio management to address private transaction and capital position conflicts of interest
- Support Manulife/CQS corporate and compliance initiatives including policy development, oversight committee management, internal investigations, and training development
Requirements
- A senior compliance leader with investment management experience
- practical commercial instincts
- demonstrable track record of working successfully with investment, operations, finance, legal, and compliance professionals as well as executive leadership and boards of directors
- Substantial experience providing compliance and/or legal support to one or more of the following investment programs: direct commercial mortgage lending, asset-backed securities, investment grade and high yield corporate credit (including senior secured loans and convertible bonds) and/or equities
- Strong SEC regulatory experience and an understanding of interplay of US investment management requirements with foreign regulatory regimes
- Experience interacting with regulators, auditors, and fund service providers (including experience with regulatory examinations)
- Comfortable managing highly complex compliance matters with minimal supervision
- A minimum of 10 years of substantial experience developing, executing, or supporting an Investment Advisers Act 206(4)-7 and/or Investment Company Act 38a-1 compliance program/s
- Regulated business development company experience a plus but not required
- Additional experience with SEC Rule 17(d) exemptive co-investment orders also a plus
- Familiarity with cross-border distribution issues
- Depending on location of hire (New York City or Boston), regular travel to Boston or New York City will be required
- Experience in handling regulatory/compliance matters related to CFTC-licensed commodity pool operators
- Experience in a principal role with the National Futures Association is also a plus
