Sr. Manager, Regulatory Advisory Compliance

T. Rowe Price • Owings Mills, MD

103d • $108,000 - $230,000

About The Position

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity. Join us for the opportunity to grow and make a difference in ways that matter to you. Role Summary Partners with internal clients to implement strategic compliance initiatives for T. Rowe Price’s proprietary and subadvised 40 Act products focused on delivering measurable business results and coordinating compliance activities across multiple departments. The position will contribute to the success of client compliance reporting and multiple risk and compliance programs that are designed to prevent, detect, and assist in resolving potential violations of federal securities laws and regulations for T. Rowe Price and its affiliated advisers, the TRP Fund complex, and various Fund Service Providers. The position provides the opportunity to leverage subject matter expertise of the Investment Adviser Act of 1940, as amended (“Advisers Act”) and Investment Company Act of 1940, as amended (“Investment Company Act”) to work on challenging and novel compliance issues, and help partner with business partners to support the continued expansion of the firm’s mutual fund business, including enhancing written compliance procedures and internal compliance controls. The ideal candidate is a proactive problem solver who can independently achieve outcomes, collaborate with fellow compliance professionals team, as well as provide guidance to business partners to lead them to implementation of effectively designed compliance processes.

Requirements

• Bachelor's degree or the equivalent combination of education and relevant experience
• 8+ years of total relevant work experience

Nice To Haves

• Knowledge and understanding of Investment Company and Adviser Acts, Mutual Fund and ETF compliance regulations, programs and best practices
• Ability to analyze and interpret complex data sets, as well as give guidance to business
• Adaptability, flexibility and a 'can-do' attitude
• Comfortable engaging various technologies
• Excellent written and verbal communication skills
• Superb critical-thinking and problem-solving skills
• Advanced analytical, interpretive, and organizational skills
• Proficient with all Microsoft Suite applications (Outlook, Excel, Word, etc.)
• Familiarity with Office 365 and associated applications

Responsibilities

• Advises clients in maintaining and enhancing their respective compliance programs and leads projects to improve compliance processes/programs.
• Applies in-depth knowledge to prepare relevant analyses and provide recommendations.
• Provides strategic consulting to the senior managers responsible for business unit compliance.
• Works with the business unit to identify areas of program improvement, problem resolution, and follow-ups as needed.
• Provides customized work plans, documentation templates, and detailed compliance risk assessments.
• Collaboratively develops the strategic direction for certain business unit’s compliance programs and provides guidance with respect to the daily operations of the compliance function.
• Ensures all internal clients have a fully compliant and up-to-date program in place.
• Manages projects from a compliance perspective that span months and quarters (sometimes years); manages to budget, collaborates with project leaders in other business units, and is responsible for ensuring a positive outcome.
• Advises on the testing of policies and procedures for certain business units at the firm.
• Makes recommendations on when risk-based tests are necessary; informs impacted business units about issues; prioritizes risk and exposure areas; helps business units to identify and develop solutions.
• Assists external regulatory reviews and provides information to the consultants who perform the regulatory reviews.
• Reviews procedures and policies to ensure compliance.
• Provides support to senior leadership.
• Meets with clients and in place of senior managers if required to discuss compliance at T. Rowe Price and to answer client questions.
• Participates in panels in the area of compliance testing.
• Attends industry conferences to broaden insights into regulatory and compliance requirements.
• Responsible for drafting quarterly and annual chief compliance officer reporting under Rule 38a-1 and Rule 206(4)-7 and overseeing monthly and quarterly compliance reporting to clients.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree