BDIA Due Diligence Analyst

Thrivent•Minneapolis, MN

10d•$89,895 - $121,621•Remote

About The Position

This position is responsible for providing due diligence oversight of TIMI’s brokerage and managed account programs, certain investment offerings, 529 Plan providers and 401k plan providers. Due diligence oversight of the brokerage and managed account platform includes model providers and certain SMA managers, as well as the managed account platform and the clearing and custody providers. This position interfaces with Compliance, Legal, and TAM personnel as well as third party vendors providing products and services through TIMI’s BDIA Services group.

Requirements

Bachelor's degree or significantly relevant and substantial work experience.
3-10 years of directly related experience in conducting due diligence on financial services firms.
In-depth knowledge of applicable laws and regulations, regulatory requirements and industry best practices.
FINRA SIE, Series 7 and 24 required or obtained within 90 days of hire/transfer

Nice To Haves

Investment research experience preferred
Strong analytical and decision make skills.
Attention to detail and excellent follow through.
Collaborative approach and ability influence other.
Strong communication (verbal and written) and technical skills.

Responsibilities

Conduct and maintain a due diligence program with a span of coverage including model providers and certain SMA managers
Due diligence program will also include coverage of vendors utilized by TIMI/BDIA Services including product, managed account platform, and clearing and custody providers.
Organize pre and post due diligence meetings with Brokerage Operations, Surveillance and Compliance regarding questions and answers for managed account platform and clearing and custody provider.
Conduct firm level as well as investment management due diligence
May include performing suitability analysis on trade recommendations provided to TIMI by certain model providers to its discretionary manage account programs.
May include the management of lists of SMA manager and mutual funds that TIMI makes available for use by Thrivent FRs with their clients.
Partners with key stakeholders in a collaborative manner.
Identifies and takes action to correct compliance deficiencies.
Applies knowledge to business practice, communications or procedures to draw conclusions and to recommend appropriate action.