Asset Management Compliance Manager

Thrivent•Minneapolis, MN

3d•$126,204 - $170,745•Hybrid

About The Position

This position reports to the Director, Asset Management Compliance and has responsibility for managing the compliance program within investments, including portfolio compliance (client guideline/restriction monitoring), trading compliance (commission management, trade allocations and best execution), proxy voting administration, liquidity risk management, sub adviser oversight, and the insider trading monitoring program. The position must be able to identify and analyze compliance risks in the trading and investment management processes and help establish a system of independent oversight, checks and balances, and written procedures. Individuals in this position will have frequent interaction with a variety of groups at all levels of seniority, including other teams within Legal & Compliance, Trading, Portfolio Management, Investment Operations, Mutual Fund Accounting and Technology. This position requires a professional with diplomatic and analytical skills who can flourish in an environment with frequent shifts in priorities as business needs dictate. In this role, you are expected to have advanced skills in manipulating and analyzing data, securities/investments, the impact of trades to client portfolios, and what client guidelines are intended to do.

Requirements

Bachelor’s degree in finance, accounting or related field required.
Minimum 7 to 10 years of related industry experience; securities/investment knowledge.
Detailed knowledge of investments and investment products required, including equity, fixed-income and derivative investments and investment company products.
Broad experience with investment management-related compliance testing methodologies and regulatory issues associated with the SEC, IA/IC, and State Insurance Commissions.
Broad understanding of adviser system platforms and middle/back-office system platforms.

Nice To Haves

Advanced degree (MBA, CPA, CFA, etc.) preferred.
5-7 years investment adviser compliance experience preferred.

Responsibilities

Oversee the Portfolio Compliance program, including compliance monitoring of account investment guidelines/restrictions and related regulatory requirements.
Maintain and test existing compliance rules to ensure functionality and update as needed.
Maintain effective interaction with external compliance system vendor (BlackRock).
Oversee and administer specialized compliance programs within investments, including the Liquidity Risk Management, Derivative Risk Management, Insider Trading programs and related oversight of third-party service providers.
Firm-wide trade monitoring to ensure compliance with regulations, investment policies and procedures and reporting requirements, including commission management and trade allocation/best execution monitoring.
Partner with trading, portfolio management and legal to support decision making by providing reporting, analyzing results and monitoring variances, including recommending investment actions in response to compliance issues and coordinating on interpretive issues.
Develop and prepare reports for oversight committees, Thrivent Financial for Lutherans and mutual fund Boards.
Respond to various inquiries and information requests from regulators, counterparties, auditors, etc.
Evaluate efficiency of compliance processes and related controls and improve them continuously.
Develop and implement solutions to challenges and issues that are raised by stakeholders across the business.
Participate in projects and working groups relating to new regulatory requirements, markets, instruments and mandates in order to assess the impact on investment compliance and restriction monitoring.
Models Thrivent’s leadership competencies – courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.
Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients.
Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.