Investment Compliance Lead Manager, North American Institutional Accounts

T. Rowe Price
Parkville, MD
Nov 28, 2020
Dec 07, 2020
Full Time
A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives. We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job. If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us. PRIMARY PURPOSE OF THE POSITION Investment Compliance is a global function responsible for ensuring compliance with regulatory, prospectus, client-directed, and internal investment and operational restrictions for every portfolio managed by T. Rowe Price. This position is a leadership role within the Onboarding team, which is responsible for the successful implementation of new investment products and client accounts into the firm s investment compliance monitoring program, including the programming of all restrictions into the firm s investment compliance monitoring system, Charles River. The Lead Manager applies business, industry and technical subject matter expertise to effectively manage all aspects of the onboarding process for Investment Compliance. Specifically, the position focuses primarily on US-domiciled institutional client accounts. The Lead Manager is responsible for providing team leadership, staff management and development, technical expertise and consultative relationships with key business partners, primarily Global Client Operations. The position leads and manages a team of associates in Baltimore, but also has interaction and coordination with associates globally. The Lead Manager acts as a consultative business partner in the institutional client onboarding process and uses subject matter expertise, business experience and expert judgment to provide guidance with respect to compliance issues and needs. The position also manages a variety of complex issues and requests and works closely with senior levels throughout the organization including attorneys, investment personnel and client service to resolve various business issues involving compliance. The Lead Manager also collaborates with other members of the Investment Compliance management team to set the overall direction of the Investment Compliance department. PRINCIPAL RESPONSIBILITIES Team Leadership: Leads the Onboarding team primarily responsible for US-domiciled and other non-EMEA/APAC institutional clients and provides subject matter expertise related to the firm s investment compliance monitoring program. Ensures all new institutional client mandates and changes to existing client restrictions are successfully incorporated into the firm s investment compliance monitoring program. Identifies roadblocks to success and collaborates internally with key business partners to clear obstacles in a proactive manner. Monitors associate and overall team performance using tangible measures and provides meaningful reporting to the Senior Manager. Promotes a high standard of quality and timeliness and holds associates accountable for all work performed. Ensures appropriate policies, processes and internal controls are established and followed and provides a framework to minimize the risk of compliance breaches and other types of business errors. Identifies trends and risks associated with new clients, regions, requirements, etc. that impact the investment compliance monitoring program. Enacts new policies and procedures to mitigate risk when necessary and/or escalates as appropriate. Consultative Business Partner: Acts as a key business partner to Global Client Operations, closely monitors the new account pipeline, and liaises with other Investment Compliance team members to ensure onboarding can be completed in a timely manner. Collaborates with investment personnel to understand their perspective and the impact of investment guideline issues and interpretations on the investment process. Develops and maintains a strong peer network across the firm to share information and resolve issues quickly. Works to improve the onboarding experience with respect to the implementation of investment restrictions by advocating process enhancements internally. Technical Expertise: Demonstrates a proficient understanding of the firm s investment strategies, global regulatory requirements, and investment compliance processes and systems. Uses in-depth knowledge of the above to effectively identify and analyze non-standard investment guideline requirements. Utilizes appropriate escalation throughout the organization to affect acceptable resolutions and/or solutions. Serves as a subject matter expert and compliance system power user . Demonstrates extensive experience and proficiency in interpreting, coding and testing compliance rules, particularly with respect to complex investment strategies, fixed income securities and derivatives, including currency forwards, options, futures, and swaps. Utilizes technical and operational subject matter expertise and engages with peers and other senior members of the organization to resolve complex business issues impacting compliance. Staff Management: Establishes clear objectives and expectations provides a clear mission and shared direction, motivates and engages team members, and empowers them to achieve functional and organizational goals. Develops associates through coaching, honest and timely feedback, exposure, and stretch assignments. Collaborates with associates to create individual development plans that meet organizational objectives and career development goals. Proactively uses the firm s corporate performance and development resources to enhance staff management capabilities. Leads the recruitment and training of new associates in order to develop a high performing team to deliver on and exceed customer expectations. Develops solid succession plans and ensures that qualified successors are identified and ready for key roles. QUALIFICATIONS Required: Bachelor s degree and 6 years related work experience, or Associate degree and 8 years related work experience or High School diploma/equivalent and 10 years related work experience Consistent demonstration of leadership qualities and abilities Strong business acumen, analytical and problem-solving skills Ability to communicate, influence and impact all levels of the organization Embraces change, is open to new ideas, and maintains composure when faced with shifting priorities, resources, or work demands; demonstrates resilience and flexibility in approach Ability to develop both a tactical and a strategic approach to a problem/situation Strong customer service orientation; applies consultative approach when interacting with peers and customers Effective written and oral communications Excellent organizational skills; ability to manage competing priorities and deadlines Preferred: Bachelor s degree in a related field (eg accounting, finance, or related field) 7+ years of work experience in investment compliance or related field Experience with compliance and/trading systems, preferably Charles River In-depth investment/securities knowledge Working knowledge of domestic and international securities law, ie 1940 Act, UCITS (Luxembourg/UK), etc. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.