Associate Compliance Officer

B.F. Saul Company•Bethesda, MD

11d

About The Position

The Associate Compliance Officer supports the Compliance Department in administering compliance functions for Chevy Chase Trust and ASB Capital Management. The role requires initiative, critical thinking, strong written and verbal communication, and accountability for results. The Associate Compliance Officer develops knowledge of compliance systems and applicable legal requirements, particularly the Investment Advisers Act and fiduciary laws and regulations for trust companies, and applies that knowledge to the firms’ operations and systems. The position supports oversight of each firm’s corporate compliance program, including compliance monitoring for investment management and trust services, regulatory and audit responses, annual compliance reviews, regulatory filings, continuing education, committee reporting, and coordination of compliance activities across departments. The role also identifies potential compliance vulnerabilities and risks and provides backup for cash and security guideline administration in the trade order management system. The listed base salary range is $75,000–$94,999. Total compensation may also include discretionary incentive compensation and other benefits. The firm describes its culture in terms of excellence, results, ethics and integrity, and teamwork.

Requirements

One to three years of work experience in which the required skills were employed.
Familiarity with Microsoft Outlook, Word, and Excel.
Bachelor of Arts or Bachelor of Science degree, with a focus on Accounting, Finance, or Business.
Expected to complete relevant industry training.
Excellent interpersonal skills.
Good analytical skills and judgment.
Strong oral and written communication skills.
Strong personal computer and troubleshooting skills.
Detail-oriented, with excellent organizational skills.
Exceptional time-management skills, including the ability to prioritize multiple demands or projects and meet deadlines.
Self-motivated.
Able to learn at a fast pace.

Nice To Haves

Familiarity with Charles River Development or Bloomberg Compliance Manager.

Responsibilities

Administer day-to-day pre-clearances under the firms’ Code of Ethics.
Administer the firms’ investment guidelines monitoring systems.
Perform periodic and ad hoc compliance testing.
Implement and monitor policies and procedures for compliance with securities and fiduciary laws and regulations, including follow-up with staff and daily compliance administration.
Conduct day-to-day monitoring of equity, fixed income, and real estate investment management functions, as well as oversight of trust services, anti-money laundering procedures, privacy and cybersecurity monitoring, and ERISA compliance.
Assist with responses to regulatory examinations and external and internal audits.
Assist with the annual compliance program review for each firm.
Assist with regulatory filings for each firm.
Assist with facilitating continuing education for the firms’ investment adviser representatives.
Assist with producing meeting materials and reporting to firm committees.
Monitor and coordinate compliance activities across departments, remain informed about compliance matters, and identify trends.
Identify potential areas of compliance vulnerability and risk.
Provide backup for cash and security guideline administration in the trade order management system.

Benefits

Health/medical insurance, including dental and vision coverage.
401(k) plan with company match.
Paid time off.
Bonus/target incentive and eligibility for discretionary incentive compensation.
Tuition reimbursement.
Complimentary use of a modern in-house fitness center.
Discounts at an on-premise full-service dining center.
Discounts via the company’s EAP.
Pre-tax transportation options.
Short-term and long-term disability coverage.
Basic life insurance.