Compliance Manager - Investment Management Compliance (Equity)

New York, NY 10001 | Work from home flexibility

Posted: 03/25/23 Job Number: 2260

Job Description

Job Title
Compliance Manager - Investment Management Compliance (Equity)

Who We Are
Jennison Associates is a global investment management firm with over $170 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what’s best for clients will always be right for the business. The mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.

Our Function
This individual will be a key senior member of the Compliance Guidelines and Restrictions team supporting Jennison’s Equity business in the New York office. The core responsibility of the Guidelines and Restrictions team is monitoring investment guideline compliance for institutional separate accounts (ERISA and non- ERISA), commingled trusts, mutual funds, UCITS and other offshore funds, and hedge funds. In addition, this position will supervise direct reports, each specializing in monitoring responsibilities, including but not limited to guideline amendments, client reporting, testing and monitoring and potential/ actual breaches. Lastly, this position will be responsible for supervising the coding of all new rules for fidelity to the actual guideline and accuracy of the test. This role will work closely with various other departments and be responsible for leading/participating in firm-wide projects.

Your Impact
Your responsibilities will include, but are not limited to the following:
Investment Contract Reviews and Guideline Coding:
  • Supervision of coding of client guidelines in Jennison’s proprietary Equity Compliance system, COMET
  • Set-up guideline coding restrictions for new Funds and Accounts independently or requiring little oversight
  • Perform secondary review of existing guideline coding for accuracy and modify guideline coding accordingly
  • Test potential guideline rules and proposed enhancements to the compliance system to ensure accuracy before implementation
  • Ongoing review and analysis of client account contracts including, but not limited to, investment management agreements, investment policy statements, mutual fund prospectus and SAI documents to interpret necessary restrictions and guidelines
  • Collaborate with Client Services, Legal and Portfolio Managers during the review of new client guidelines and during the on-boarding process
  • Partner with Trading & Portfolio Management and the Client Services group on compliance-related issues/questions that may come from clients or internal colleagues
  • Liaise with Portfolio Managers to resolve portfolio exceptions and questions related to trading activity
  • Independently work on ad hoc projects or enhancements as necessary

Compliance Monitoring, Reporting, Client Servicing:
  • Autonomously perform daily compliance monitoring of client guidelines on a pre-trade and post-trade basis
  • Supervise the review of IPOs secondary offerings for ERISA/broker restrictions, ERISA eligibility and other conflicts of interest
  • Assess and report actual breaches/violations accurately and timely and follow through to resolution
  • Proactively identify ways of creating efficiencies/improving processes in the investment compliance program using best practices
  • Perform trading compliance oversight and forensic testing to ensure adherence to Trading Policies (i.e. Trade Allocations, Trade Corrections, Cross Trades)
  • Oversee overnight trading Compliance monitoring and supervise compliance staff responsible for this function
  • Active participation in Jennison’s internal oversight structures (councils/committees)
  • Prepare annual, monthly, quarterly client and mutual fund compliance reports
  • Participate in client due diligence visits and provide overview of Equity compliance oversight program.
  • Respond to due diligence questionnaires and RFP/ RFI requests related to Portfolio Compliance function
  • Involved in ongoing audits such as regulatory reviews or control type audits
  • Participate in the creation of new products or trading of new asset types by providing guidance on regulatory requirements, investment process and infrastructure changes needed to support these.

Your Required Skills
Your required skills must include:
  • Bachelor’s degree with a minimum of 8 years’ experience at an investment management firm
  • Experience working in any combination of Compliance, Portfolio Administration, Operations or Risk Management
  • Minimum 3 years’ experience coding institutional client and regulatory guidelines in sophisticated restriction systems such as Charles River, Latent Zero Sentinel or Aladdin.
  • Experience coding complex (conditional) compliance rules including benchmark comparative rules a plus
  • Knowledge of equity securities and some derivatives knowledge
  • Exposure to and knowledge equity indices which are typically used for guideline monitoring
  • Knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934 and ERISA regulations
  • Ability to develop effective working relationships with Investment staff and make articulate recommendations to department managers regarding potential solutions
  • Excellent conceptual ability to quickly learn in a fast paced environment and drive projects to completion with minimal supervision
  • Strong analytical skills with the ability to exercise good judgment.
  • Ability to independently research details in order to perform a thorough analysis and provide a thoughtful and decisive style with strong ability to negotiate critical issue resolution
  • Strong work ethic and demonstrated ability to achieve results while under pressure
  • Effective written and oral communication skills with strong attention to detail

What We Offer
Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.
The base salary range for this role is $140,000 - $170,000 Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.

Meet Your Recruiter

Bob Turek

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