The Role
A senior compliance associate is responsible for ensuring that investment portfolios and funds are managed in accordance with applicable investment guidelines, regulations, and restrictions. The role will also address conflicts, review and update policies and procedures and help support other investment and trading related initiatives from a compliance perspective.
We’ll trust you to:
- Review and interpret investment guidelines: The senior compliance associate will be responsible for reviewing and interpreting investment guidelines, restrictions, and regulations. This may include reviewing client investment management agreements, regulatory requirements, and other relevant documents.
- Monitor investment and trading activity: The senior compliance associate will be responsible for monitoring investment portfolios to ensure that they are compliant with investment guidelines and restrictions. This includes the monitoring of investment and trading activities for conflicts such as allocation, other brokerage practices and trade errors.
- New Products: The senior compliance associate will assist with new product launches across a spectrum of products and wrappers, inclusive of traditional and alternative offerings in the form of SMAs and funds (registered and private).
- Communicate with clients and internal stakeholders: The senior compliance associate will work closely with internal stakeholders to ensure that investment portfolios are being managed in accordance with guidelines, policies and in the best interest of our clients. This may involve communicating compliance issues or potential violations to stakeholders and working with them to resolve any issues.
- Conduct compliance testing: The senior compliance associate will be responsible for conducting periodic compliance testing and reviews to ensure our policies and procedures are working effectively.
- Stay up-to-date on regulatory changes: The senior compliance associate will be responsible for staying up-to-date on regulatory changes and developments that may impact investment compliance. This may involve researching and analyzing regulatory changes, including the creation or updating of processes, policies and procedures applicable to investment and trading related activities.
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You'll need to have:
- A Bachelor's degree in finance, economics, business or a related field
- 5-10 years of experience in investment compliance or a related field
- Strong understanding of investment regulations and guidelines
- Excellent analytical and problem-solving skills
- Strong attention to detail and organizational skills
- Excellent communication and interpersonal skills
- Proficiency in Microsoft Excel and other relevant software programs
Why Lord Abbett?
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Led - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - Embraces our mission: Securing a sustainable future for our clients, people, and world.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $150,000 - $200,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.