Compliance Specialist

MFS Investment Management • Boston, MA

3d • $55,500 - $80,500 • Hybrid

About The Position

The Compliance Specialist helps ensure compliance with applicable local and international regulatory requirements. Working with supervision, the role partners with MFS management to escalate compliance matters and resolve regulatory and compliance issues, while supporting day-to-day tasks and projects aligned with compliance initiatives.

The position supports reviews and approvals of materials, develops and communicates guidelines and procedures, monitors regulatory developments, maintains compliant records, and assists with training and communications. It also inputs information into compliance monitoring systems, reports violations, helps restore compliance, prepares periodic reports, responds to business requests, and provides compliance input on cross-functional projects.

Requirements

• Bachelor’s degree or equivalent.
• 0–2+ years of experience.
• Excellent interpersonal, organizational, communication, teamwork, and collaboration skills, including working with a manager to solve problems.
• Ability to write effectively and present research, analysis, and conclusions persuasively.
• Ability to work effectively with employees and outside parties at all organizational levels.
• Analytical skills and the ability to make thoughtful decisions.
• Proficiency in MS Office (Outlook, Word, Excel, and PowerPoint), with the ability to develop proficiency in MFS systems as needed.
• Ability to conduct online research and use applicable tools.
• Understanding of the business operations and practices, procedures, and controls specific to the supported business units; awareness of best practices and evolving issues in the role’s scope.

Nice To Haves

• Prior experience in investment management, financial services, or industry-related compliance.
• Presentation skills and strong writing abilities.

Responsibilities

• Assist with the compliance review and approval of materials to ensure they meet applicable regulatory requirements.
• Assist in drafting guidelines and procedures and contribute to the ongoing development of compliance manuals and monitoring procedures.
• Help communicate guidelines, procedures, regulatory developments, and resulting changes to applicable business areas.
• Monitor changes in regulatory rules, guidelines, and interpretations and communicate relevant information to appropriate parties.
• Ensure records are maintained in accordance with regulatory form and retention requirements.
• Assist senior team members in educating business partners about required revisions, MFS policies, and regulations.
• Assist the Compliance Lead Specialist with research and with delivering training and communications materials about compliance issues.
• Enter data into applicable compliance monitoring systems, report violations, and assist the team in restoring compliance appropriately.
• Prepare and maintain periodic daily, monthly, and quarterly compliance reports as required.
• Respond to business requests by researching issues and providing advice and guidance.
• Participate in cross-functional projects by providing compliance advice and input.
• Assume additional responsibilities as needed.

Benefits

• Competitive incentive bonus based on individual and company performance.
• MFS contributes an amount equal to 15% of base salary to a retirement account separate from the company-sponsored 401(k).
• Education assistance: $100 monthly contribution toward student loans, up to a $10,000 lifetime maximum.
• Tuition reimbursement up to $8,000 annually.
• Access to discounted tutors and college coaches.
• Generous time off and fully paid leaves, including 20 weeks for maternity leave and 12 weeks for parental and caregiver leaves.
• Choice of medical and dental plans, with an employer contribution to a Health Savings Account.
• Tax-deferred commuter benefits and flexible spending accounts for medical and dependent care.
• Wellness programs, including wellness webinars, an employee assistance program focused on mental health, a subsidized fitness benefit via Wellhub, virtual personal training, and well-being apps.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level