Senior Compliance Officer - US&C Investments

Marsh McLennan•Boston, MA

5d•Hybrid

About The Position

Marsh US&C Investments Compliance is recruiting for a Senior Compliance Officer who will work three days a week in our Boston or New York office alongside our team. The team at Marsh will prepare you for a successful career and provide you the opportunity to work with well-known investment advisers across the globe. You will work with a team of high-performing colleagues committed to collaboration and partnership. As a Senior Compliance Officer, you will be responsible for assisting with due diligence reviews of subadvisers for adherence to regulatory requirements and compliance best practices. You will make recommendations and advise the business, escalate issues as appropriate and support the broader US&C Investments Compliance program. As a member of the US&C Investments Compliance Department, you will lead the team that manages the Subadvisory Oversight compliance programs for the US & Canadian Investments entities and funds. This is an opportunity to contribute your industry knowledge and expertise, as well as your creative ideas, to continually strengthen the program. At the same time, collaborating in office with our team members will provide opportunities for mentorship, continual learning, and building your compliance and industry experience. Mercer is Marsh's global consulting firm specializing in human resources, health, investments, and retirement. They provide investment management services and oversees the asset allocation, investment decisions, rebalancing and investment monitoring of client portfolios. Our primary model is a manager-of-manager model where we utilize subadvisors to manage various allocations. Mercer also provides investment consulting services and offers guidance at each stage of investment decision-making, risk management, and investment monitoring processes. Our subadvisory oversight compliance program focuses on overseeing subadvisor compliance programs and assessing the regulatory risk associated with these third-party programs. Our clients include sponsors and fiduciaries of employee benefit plans, foundations, endowments, healthcare organizations, insurance companies, financial intermediaries, and other investors. Mercer provides investment management services primarily utilizing a multi-manager approach to investing.

Requirements

A Bachelor’s Degree
A minimum of 10 years of experience at an SEC registered investment adviser working within a compliance department and relevant work experience with managing compliance programs.
A minimum of 5 years of experience conducting subadvisory oversight reviews, with at least 2 years of experience conducting reviews independently.

Nice To Haves

Work experience with regulatory exams and audits of advisers and funds, Compliance Risk Assessments, updating and writing Compliance Policies, board reporting, compliance training a plus.
Experience conducting subadvisory reviews across various regulatory environments.
Ability to lead and manage a small staff through mentorship and by leading through example.
Ability to develop small scale strategy and regularly demonstrated experience executing on strategy.
Familiarity working within a matrix model organization, supporting multiple business lines, firms, or entities.
Strong working knowledge of US regulatory rules (SEC, FINRA, NFA, etc.) and the ability to quickly gain knowledge of Canadian regulatory requirements.
Knowledge of Investment Company Act of 1940; Investment Advisers Act of 1940.
Knowledge of ERISA regulations is a plus.
Ability to establish and maintain professional relationships with key stakeholders and service providers.
Proactive, capable of multi-tasking, and ability to organize and prioritize deliverables to meet deadlines within a growing and evolving business environment.
A positive, can-do attitude and creative problem-solving skills.
Strong written and oral communication skills.
Ability to communicate succinctly.

Responsibilities

Oversee and lead the US&C Investments subadvisory oversight compliance program with a focus on reviewing third-party compliance programs, policies, and activities; assessing risk; and appropriately escalating to meaningfully mitigate the firm’s regulatory risk.
Lead a small team of experts who conduct reviews; while also directly conducting reviews.
Oversee vendors who provide systematic tools used in the subadvisory oversight process and vendors who provide outsourced services, including subadvisory oversight activities for certain products or solutions.
Collaborate effectively with business and other LCPA colleagues in the US&C and globally to generate efficiencies, improve alignment and consistency, and meaningfully mitigate risk across the organization.
Identify, recommend and drive execution on enhancements broadly.
Collaborate, and at times lead on, occasional projects and initiatives.
Monitors and understands regulatory developments that may impact the US and Canadian businesses.
Be willing to self-teach and continuously build upon your foundational understanding of the regulatory landscape, industry, and business nuance that are likely to affect the entities you support.