Title: Analyst (Compliance/Fund Administration) - 0191-010-711
Location: Chicago, IL
Compensation: Commensurate with experience
Summary:
Diversified investment management/financial company seek an Analyst to support their Chief Compliance Officer as well as VP of Fund Administration, in the administration of the firm’s mutual funds, investment adviser and broker-dealer.
Responsibilities:
Compliance-
Assist in development/administration of firm’s Code of Ethics compliance program, including maintaining the electronic administration system, monitoring personal securities transactions, responding to employees’ questions, monitoring gifts/entertainment
Participate in compliance testing and annual reviews of firm’s compliance programs
Develop enhanced methods of monitoring compliance desktop procedures
Monitor regulatory/industry updates and make recommendations regarding necessary changes to the compliance programs
Draft compliance and desktop policies/procedures
Conduct compliance training
Assess the contents/requirements for and prepare various regulatory filings
Assist with regulatory (SEC/FINRA/DOL) audits
Develop working knowledge of various firm systems
Perform various general administrative duties
Fund Administration
Detailed review of weekly check requests prepared by sub-administrator (all fund expenses)
Review/maintain/monitor vendor reporting matrixes, including vendor follow up for missing reports
Review of sub-administrator reports including cash availability/daily sheets/closing prices/stale prices/advisory/
12b-1 tie out spreadsheets/total returns/fund accounting reports
Post Fund holdings/performance to the firm’s website
Review of all transfer agent reports
Review/calculation of monthly 12b-1 accrual
Provide billing oversight for quarterly 12b-1 payments from transfer agent
Monitor daily NAV alert process including fulfilling the “first alert” role
Perform detailed review of annual/semi-annual financial statements
Maintain Master Non-Standard Dealer List, including non-standard dealer payment oversight
Participate in vendor oversight of sub-advisers/transfer agent/fund sub-administrator/fund accountant/custodian including: potential on-site visits/bi-weekly conference calls with sub-administrator on service levels and new issues
Perform detailed review of quarterly board materials/preparation of materials and/or special analyses
Participate in annual contract reviews (Rule 15c materials)
Participate in prospectus/SAI/N-SAR regulatory filing process
Assist in the review of the Funds’ budget and help make accrual recommendations on a monthly basis
Assist independent outside auditors during their annual examination
Requirements:
Bachelor’s Degree required (Accounting or Finance degree preferred)
FINRA Series 6 and 63 licenses are required within 120 days of hire
2+ years of prior experience in the mutual fund, investment adviser and/or broker-dealer industry in a compliance or fund administration capacity
Working knowledge of IARD, Web CRD, portfolio accounting, CRM systems, and personal trading surveillance systems
Ability to quickly grasp new technologies and to develop enhancements to processes leveraging the technologies
Excellent written/oral communications skills required
If you are interested in this opening, please email us a copy of your resume as an MS Word attachment.
Thank you,
Julia Brown
BCI - Financial Services Recruiting
10 S. Wacker Dr., Suite 1250
Chicago, IL 60606
312-460-8222 x106
Julia@brokerageconsultants.com
www.brokerageconsultants.com
Location: Chicago, IL
Compensation: Commensurate with experience
Summary:
Diversified investment management/financial company seek an Analyst to support their Chief Compliance Officer as well as VP of Fund Administration, in the administration of the firm’s mutual funds, investment adviser and broker-dealer.
Responsibilities:
Compliance-
Assist in development/administration of firm’s Code of Ethics compliance program, including maintaining the electronic administration system, monitoring personal securities transactions, responding to employees’ questions, monitoring gifts/entertainment
Participate in compliance testing and annual reviews of firm’s compliance programs
Develop enhanced methods of monitoring compliance desktop procedures
Monitor regulatory/industry updates and make recommendations regarding necessary changes to the compliance programs
Draft compliance and desktop policies/procedures
Conduct compliance training
Assess the contents/requirements for and prepare various regulatory filings
Assist with regulatory (SEC/FINRA/DOL) audits
Develop working knowledge of various firm systems
Perform various general administrative duties
Fund Administration
Detailed review of weekly check requests prepared by sub-administrator (all fund expenses)
Review/maintain/monitor vendor reporting matrixes, including vendor follow up for missing reports
Review of sub-administrator reports including cash availability/daily sheets/closing prices/stale prices/advisory/
12b-1 tie out spreadsheets/total returns/fund accounting reports
Post Fund holdings/performance to the firm’s website
Review of all transfer agent reports
Review/calculation of monthly 12b-1 accrual
Provide billing oversight for quarterly 12b-1 payments from transfer agent
Monitor daily NAV alert process including fulfilling the “first alert” role
Perform detailed review of annual/semi-annual financial statements
Maintain Master Non-Standard Dealer List, including non-standard dealer payment oversight
Participate in vendor oversight of sub-advisers/transfer agent/fund sub-administrator/fund accountant/custodian including: potential on-site visits/bi-weekly conference calls with sub-administrator on service levels and new issues
Perform detailed review of quarterly board materials/preparation of materials and/or special analyses
Participate in annual contract reviews (Rule 15c materials)
Participate in prospectus/SAI/N-SAR regulatory filing process
Assist in the review of the Funds’ budget and help make accrual recommendations on a monthly basis
Assist independent outside auditors during their annual examination
Requirements:
Bachelor’s Degree required (Accounting or Finance degree preferred)
FINRA Series 6 and 63 licenses are required within 120 days of hire
2+ years of prior experience in the mutual fund, investment adviser and/or broker-dealer industry in a compliance or fund administration capacity
Working knowledge of IARD, Web CRD, portfolio accounting, CRM systems, and personal trading surveillance systems
Ability to quickly grasp new technologies and to develop enhancements to processes leveraging the technologies
Excellent written/oral communications skills required
If you are interested in this opening, please email us a copy of your resume as an MS Word attachment.
Thank you,
Julia Brown
BCI - Financial Services Recruiting
10 S. Wacker Dr., Suite 1250
Chicago, IL 60606
312-460-8222 x106
Julia@brokerageconsultants.com
www.brokerageconsultants.com
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