Compliance Officer Mutual Funds
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2017, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $779 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $297 billion in assets under management and $478 billion in client assets under administration. For more information, visit seic.com.In order to continue our expansion and increase the breadth of our compliance oversight, SEI has an immediate opening for a highly motivated, results-oriented, Fund Compliance Officer located in Oaks, Pa. This position would report to the Chief Compliance Officer (CCO) of the mutual funds (the Funds) registered under the Investment Company Act of 1940. The Funds are comprised of both proprietary funds (SEI funds) and third party mutual funds (Advisors' Inner Circle (AIC) funds) encompassing a variety of security types including stocks, bonds, swaps, futures, bank loans, collateralized debt obligations and other derivatives used in domestic, international and emerging market mandates.
The CCO reports to the Board of Trustees of the Funds and supervises the Funds' compliance staff (currently consisting of five Fund Compliance Officers). The CCO reports to the Board on a quarterly basis, and provides compliance-related information as required or requested by the Board. The Fund Compliance Officers work collaboratively to assist the CCO in providing the Board with the necessary information to satisfy the Funds' responsibilities under Rule 38a-1. This group also serves as the primary liaison with the SEC with respect to compliance matters relating to the Funds.
The Fund Compliance Officer position will support, maintain, manage and administer the compliance programs for the Funds alongside the Fund Compliance Team. The position will assist in performing the required annual assessments of the compliance programs of the Funds and the relevant service providers. Additionally, the position will be responsible for maintaining or updating the compliance policies and drafting new policies based on emerging regulatory requirements and changes in the business. In addition, this position will assist in the performance of due diligence processes with respect to the compliance programs of the current and any future investment advisors, sub-advisors and service providers to the Funds.
The Fund Compliance Officer will be expected to stay abreast of changes to Federal and state laws and regulations affecting the Funds; coordinate with legal counsel and service providers to ensure adherence to laws and regulations relating to the Funds; oversee the revision, preparation, and dissemination of new and updated compliance policies and procedures; coordinate, supervise and support compliance-related programs, such as compliance training, compliance testing and reporting; and consult with and advise the Board and service providers affected by compliance issues and regulatory requirements.
The position will include significant interaction with the various SEI business units and partners, including the Investment Management Unit, Investment Manager Services Group, the SEI Private Trust Company, Legal, and other SEI business units in the design, development and implementation of SEI's investment products and offerings.
Responsibilities/Key Initiatives include, although are not limited to:
Ongoing compliance oversight of the SEI and AIC funds and their service providers including advisors, sub-advisors, fund administrator, transfer agents, and distributor
Identification of new compliance issues and implementation of policies and processes to address these issues
Act as liaison with the SEI business units and partners in the design, development and implementation of compliance procedures across the Funds
Develop compliance due diligence materials such as quarterly and annual questionnaires, and risk assessments
Assist market units in considering the many Fund compliance issues that may impact the development of new or innovative investment products
Writing communications to advisors and service providers regarding new or enhanced compliance requirements
Identification of efficiencies and compliance monitoring leveraging opportunities
Position Requirements
The successful candidate would demonstrate:
Excellent project management and organizational skills
Strong communication skills
Exceptional interpersonal and leadership skills
A highly inquisitive personality
Ability to be self directed and results oriented
Desire to work in a compliance environment that is focused on helping others understand the rules and regulations
Ability to research regulatory issues and make recommendations
Job Requirement:
A minimum of three (3) years of experience in some combination of the following areas: 40 Act mutual fund compliance or legal experience, fund accounting / operations, mutual fund auditing, internal audit, portfolio trading, SEC or FINRA experience.
Bachelors Degree
Ability to travel 5-10 days per year is a plus, but not a must in order to conduct periodic on site due diligence visits of the service providers
Physical Demands and Work Environment
While performing the duties of this job, the work environment may require an individual to move around the office and from building to building which may expose the individual to weather conditions outside. The individual has to be able to sit or be stationary at a computer and use computers for extended periods of time and occasionally lift and/or move up to 20 pounds. The noise level in the environment is moderate and the individual must be able to communicate and exchange information with people in person and over the telephone and email.
Please be aware that SEC Rule 206(4)-5 Political Contributions by Certain Investment Advisers (the Rule) may place certain restrictions on certain subsidiaries of SEI as a result of your past and future political contributions. Therefore, an offer for this position may be contingent on you providing SEI, a completed questionnaire regarding political contributions made by you and members of your household, and that SEI may reject your application if SEI determines in its sole discretion that the effect of such political contributions under the Rule could have an adverse impact on SEI's current or prospective business activities and strategies. Any misrepresentation of or omission of any contributions from this information request, will be cause for your rejection or dismissal from employment.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
The CCO reports to the Board of Trustees of the Funds and supervises the Funds' compliance staff (currently consisting of five Fund Compliance Officers). The CCO reports to the Board on a quarterly basis, and provides compliance-related information as required or requested by the Board. The Fund Compliance Officers work collaboratively to assist the CCO in providing the Board with the necessary information to satisfy the Funds' responsibilities under Rule 38a-1. This group also serves as the primary liaison with the SEC with respect to compliance matters relating to the Funds.
The Fund Compliance Officer position will support, maintain, manage and administer the compliance programs for the Funds alongside the Fund Compliance Team. The position will assist in performing the required annual assessments of the compliance programs of the Funds and the relevant service providers. Additionally, the position will be responsible for maintaining or updating the compliance policies and drafting new policies based on emerging regulatory requirements and changes in the business. In addition, this position will assist in the performance of due diligence processes with respect to the compliance programs of the current and any future investment advisors, sub-advisors and service providers to the Funds.
The Fund Compliance Officer will be expected to stay abreast of changes to Federal and state laws and regulations affecting the Funds; coordinate with legal counsel and service providers to ensure adherence to laws and regulations relating to the Funds; oversee the revision, preparation, and dissemination of new and updated compliance policies and procedures; coordinate, supervise and support compliance-related programs, such as compliance training, compliance testing and reporting; and consult with and advise the Board and service providers affected by compliance issues and regulatory requirements.
The position will include significant interaction with the various SEI business units and partners, including the Investment Management Unit, Investment Manager Services Group, the SEI Private Trust Company, Legal, and other SEI business units in the design, development and implementation of SEI's investment products and offerings.
Responsibilities/Key Initiatives include, although are not limited to:
Ongoing compliance oversight of the SEI and AIC funds and their service providers including advisors, sub-advisors, fund administrator, transfer agents, and distributor
Identification of new compliance issues and implementation of policies and processes to address these issues
Act as liaison with the SEI business units and partners in the design, development and implementation of compliance procedures across the Funds
Develop compliance due diligence materials such as quarterly and annual questionnaires, and risk assessments
Assist market units in considering the many Fund compliance issues that may impact the development of new or innovative investment products
Writing communications to advisors and service providers regarding new or enhanced compliance requirements
Identification of efficiencies and compliance monitoring leveraging opportunities
Position Requirements
The successful candidate would demonstrate:
Excellent project management and organizational skills
Strong communication skills
Exceptional interpersonal and leadership skills
A highly inquisitive personality
Ability to be self directed and results oriented
Desire to work in a compliance environment that is focused on helping others understand the rules and regulations
Ability to research regulatory issues and make recommendations
Job Requirement:
A minimum of three (3) years of experience in some combination of the following areas: 40 Act mutual fund compliance or legal experience, fund accounting / operations, mutual fund auditing, internal audit, portfolio trading, SEC or FINRA experience.
Bachelors Degree
Ability to travel 5-10 days per year is a plus, but not a must in order to conduct periodic on site due diligence visits of the service providers
Physical Demands and Work Environment
While performing the duties of this job, the work environment may require an individual to move around the office and from building to building which may expose the individual to weather conditions outside. The individual has to be able to sit or be stationary at a computer and use computers for extended periods of time and occasionally lift and/or move up to 20 pounds. The noise level in the environment is moderate and the individual must be able to communicate and exchange information with people in person and over the telephone and email.
Please be aware that SEC Rule 206(4)-5 Political Contributions by Certain Investment Advisers (the Rule) may place certain restrictions on certain subsidiaries of SEI as a result of your past and future political contributions. Therefore, an offer for this position may be contingent on you providing SEI, a completed questionnaire regarding political contributions made by you and members of your household, and that SEI may reject your application if SEI determines in its sole discretion that the effect of such political contributions under the Rule could have an adverse impact on SEI's current or prospective business activities and strategies. Any misrepresentation of or omission of any contributions from this information request, will be cause for your rejection or dismissal from employment.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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