Investment Compliance - Associate 2
State Street Corporation
Bangalore, India
10d ago

About Process

The purpose of the job is to provide end-to-end support to investment company (Mutual Fund) clients & their Compliance teams by sharing, primarily, meaningful insights about the funds ability to comply with (i) SEC (Securities and Exchange Commission) requirements and (ii) investment guidelines stated in the Prospectus / Statement of Additional Information (SAI).

Key Responsibilities & Experience Range

  • Onboarding of new clients for investment compliance by understanding the client requirements, interpreting the prospectus / investment mandate and extracting compliance restrictions to create a compliance rule matrix.
  • Liaise with clients to obtain additional information that may be necessary from time to time to code compliance matrix into the compliance system.
  • Perform annual review of compliance rules in the matrix by comparing them against updated prospectuses / SAIs.
  • Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with the investment guidelines
  • Liaise with coding team for maintenance of rules in the system to ensure accurate daily and monthly compliance reporting is disseminated to clients.
  • Demonstrate in-depth knowledge of Investment compliance to translate client requirements into actionable items for internal teams and work with internal teams.
  • For example, changes related to how a particular derivative should be treated for Derivative Coverage testing or CFTC Testing or IRC)

  • Identifies and analyzes operations risks related to current and potential business and recommends procedural changes as needed
  • Adheres to Standard Operating Procedures and improvises Operating procedures where they do not fall in line with the process
  • Ensures timely resolution of issues while keeping management informed of any potential issues.
  • Responsible for performing daily processes accurately and in accordance with defined time frames and client requirements.
  • May have daily contact with Client Service, Client Management, COEs and Business Unit (BU) Shared Service teams

  • During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and / or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Participates on projects or committees within the department and / or with BU Shared Services, COEs and Client Operations teams.
  • Skills & Knowledge

    Qualification & Certifications

  • University degree in Business majoring in Accounting, Finance, or other Financial-related programs
  • Overall experience of 2.5+ years in Fund Administration or related work.
  • Investment compliance monitoring or coding experience is a must. (Pre or post-trade investment compliance)
  • Certifications : Candidates pursuing FRM (Financial Risk Manager by GARP) / CFA (Chartered Financial Analyst) / CISI (Chartered Institute for Securities & Investment) are preferred, but certification is not a must for the role
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