This is a hybrid opportunity, based in our Chicago Office, 2x a week in-office.
Please note we are looking for Chicago/ IL based candidates for this position to align with the hybrid in-office cadence.
Summary
The Governance, Risk & Compliance Analyst is responsible for identifying and mitigating risks across the department. These risks may include operational, regulatory, and compliance risks. The individual will consistently adhere to and review controls in place to properly verify the identity of new shareholders, suspicious activity, and fraud. The position is also responsible for executing a variety of governance and compliance programs related to relationship management, data security, escheatment, blue sky, anti-money laundering, market timing, and more. The team in which the job resides facilitates both internal and external audits with government entities, Big Four firms, and Self-Regulatory Organizations.
Key Responsibilities
Work with team members to complete workflows that relate to new shareholders, Suspicious Activity, and other generated reports pertaining to departmental risks (CIP and Principal review)
Constantly review all AML related reporting and dashboard data. Coordinate quarterly AML Certification Meetings with AML Compliance Officers (AMLCO)
Facilitate the annual AML Program review performed by outside auditing firms
Properly escalate suspicious persons/items to AMLCOs
Prepare Suspicious Activity Reports (SARs) as directed by AMLCOs
Perform recurring assessments of department risk and controls to contribute to enterprise risk assessments
Perform daily review of Blue-Sky transaction reports and invoicing.
Create and maintain governance programs related to relationship management with third party service providers
Oversee additional governance programs associated with change management and data security
Coordinate the distribution process for regulatory mailings of Annual and Semi-Annual Reports, and Prospectuses, ensuring timely delivery to shareholders and interested parties
Participate on industry calls that pertain to risk and regulatory related topics for departmental dissemination and implementation of controls
Provide ongoing monitoring of shareholder market timing (22c-2), and subsequent reporting to executives regarding the details of these transactions
Monitor and report accounts that are eligible for state escheatment and ensure operations are following industry and state standards
Other duties as assigned
Minimum Qualifications
Bachelor’s degree, preferably in Finance, or other business-related concentration
2-5 years of financial services industry experience with a focus on risk and/or compliance preferred
Prior experience within a compliance or regulatory role preferred.
Remarkable business writing skills to provided clear and concise reports to management and executives
FINRA Series 6 and 63 required; Series 26 preferred (required to be obtained within 90 days of hire)
Certified Anti-Money Laundering Specialist (CAMS) Certification is recommended
Knowledge, Skills & Abilities Required - technical skills, communication skills, customer focus, time management skills, independence, and accuracy.
Thorough understanding of investment products such as mutual funds, collective investment trusts, and Exchange Traded Funds
Data analytic skills to analyze reports and data sets to reach reasonable conclusions on shareholder activity
Knowledge of Bank Secrecy Act (USA Patriot Act), Anti-Money Laundering regulations, privacy laws, and fraud trends
Ability to make good judgments regarding escalating items to management, and executives if needed
Experience applying investigative techniques to identify risks
Strong verbal and written communication skills for handling sensitive items, shareholder requests, and working with intermediary back-office support staff along with vendors
Excellent organizational, time management, analytical, written, and verbal communication skills
Ability to work in a fast-paced, and constantly changing environment
Ability to shift focus dependent on the need of the department to support teamwork
Strong technical abilities in Microsoft Office 365 (Outlook, Word, Excel, SharePoint, Teams)