Investment Compliance Consultant

Northwestern Mutual • Milwaukee, WI

1d • Hybrid

About The Position

Supports the development and administration of all aspects of the regulatory compliance programs as assigned, including compliance policies and procedures, portfolio compliance, compliance training, testing and risk management, vendor due diligence and oversight, violations management, regulatory filings and reporting. Focused on compliance support of Northwestern Mutual’s registered investment adviser and private fund products. May also work in support of other department and team compliance responsibilities, including compliance services to the company’s registered mutual fund family.

Requirements

• BA/BS is required.
• Minimum of 6 years professional experience, preferably with regulatory background in compliance, legal, audit or risk management.
• Demonstrated competency with compliance, reporting, and data systems and tools (e.g., Bloomberg, FIS Employee Compliance Manager (formerly, FIS PTA), Portfolio Tracker, Micro Focus, truView, etc.).
• Highly proficient with Microsoft Office products: Word, Excel, Access, Power BI, and PowerPoint
• Self-motivated with the ability to work both independently and in a team environment is also required.
• Ability to balance multiple tasks and effectively manage completing and changing priorities and deadlines.
• Ability to build consensus around compliance related policies, decisions and diplomacy.
• Demonstrated attention to detail.
• Seeks opportunities to learn and volunteers for and shows initiative on tasks and projects.
• Excellent organizational, problem-solving, decision-making and time management skills.
• Excellent written and verbal communication skills.
• High level of integrity.

Nice To Haves

• Attention to Detail: Focuses on specific details to spot and correct errors in advance of them being found and surpass quality expectations. Performs work with thorough proofreading for presentation, content, accuracy, and overall quality.
• Continuous Improvement: Utilizes available methods to identify opportunities, executes solutions and measures impact to improve existing practices and processes. Implements feedback and lessons learned. Leverages the ability to identify and experiment assumptions and hypothesis for products to be able to refine and improve them at any stage of the life cycle.
• Cross Functional Partnering & Planning: Facilitates collaboration, communication, coordination, and planning with individuals and teams from different functions within the organization, and who have different areas of expertise, to achieve common goals.
• Decision Making: Makes timely, data-driven decisions by understanding the probability of success, identifying risks, gathering business requirements, and developing value statements.
• Policy & Procedure: Analyzes current policies and procedures, identifies gaps or areas for improvement, and develops and implements new policies and procedures to address those gaps. Ensures compliance with regulatory requirements and industry standards, as well as effectively communicates policies and procedures to employees and stakeholders. Understands the various components of a workflow, identifies bottlenecks, and implements improvements to increase productivity, reduce costs, and streamline operations.
• Project Management: Delivers projects in alignment to business requirements, specific success criteria, and stakeholder expectations. Plans, manages, and completes projects keeping cost and time considerations in mind.
• Risk Assessment & Identification: Leverages industry knowledge to determine and seek hazards that could potentially prevent the program, enterprise, or investment from achieving their objectives; designs systematic processes of identifying severity of hazards and evaluating the scale and impacts of any associated risk on the business.

Responsibilities

• Assist in all aspects of the administration of Rule 206(4)-7 compliance programs, as needed.
• Assist in the preparation of regulatory filings, including but not limited to Forms ADV and PF.
• Assist in the preparation and review of regulatory disclosures, marketing and advertising materials, and responses to investor and other due diligence requests.
• Support the periodic distribution and review of compliance policies and procedures.
• Prepare compliance reports and related materials for boards and committees.
• Serve as compliance staff on various governance committees and working groups.
• Assist in core compliance monitoring practices, including account guidelines monitoring, compliance with regulatory rules and electronic communications monitoring.
• Coordinate and assess compliance related reports and other information from internal and external sources with the overall design and purpose of the compliance program in mind and assist in the identification and design of program enhancements as a result.
• Interact with key stakeholders to provide compliance support, including portfolio management and other business partners, investment operations, administration, accounting, legal, and internal audit.
• Support the design and administration of compliance testing programs, including the transactional testing environment within the portfolio compliance system and the forensic testing schedule.
• Support compliance oversight of sub-advisers and other service providers, including frequent communication with compliance staff, distribution and review of annual and quarterly questionnaires, participation in virtual and on-site (as practicable) due diligence calls, and documentation of findings.
• Support the administration of the code of ethics and personal trading policies, including training, addressing inquiries, managing periodic certifications, brokerage statement reviews, violations reporting, and preparation and review of statistical trend reporting.
• Administrative support of compliance team daily operations, including preparation and maintenance of internal compliance calendars and timelines, working group agendas, statistical reports and other administrative tasks and projects, as needed.
• Participate in various compliance group projects and initiatives.
• Continuously enhance internal processes, project workflows and other procedures
• Other compliance-related duties as assigned.

Benefits

• We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
• Grow your career with a best-in-class company that puts our clients' interests at the center of all we do.
• Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce.
• We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
• At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.
• Northwestern Mutual is proud to be an equal opportunity employer.
• We have chosen to build a diverse and inclusive workplace where talented people from all backgrounds want to be, want to stay, and want to build their future.
• We celebrate and support our differences for the benefit of our employees, our products, and our community.
• All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

What This Job Offers

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