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Fund Compliance - Senior Compliance Officer

United States, Pennsylvania, Oaks
1 Freedom Valley Drive (Show on map)
September 13, 2022

When you step into SEI - anywhere in the world - you know you're not inside a traditional financial services company. We have no offices. Our open innovation spaces spur creativity, the provocative artwork inspires conversation, and the flexible work-life balance drives personal and professional growth. We are a place to inspire your work, build your voice,and grow your community. We're different. And we're proud of it.

The SEI Global Fund Compliance Team (the "Team") is responsible for overseeing the compliance programs of the service providers to the SEI proprietary mutual funds and third party mutual funds administered under the series trust known as The Advisers' Inner Circle Trust, collectively, (the "'40 Act Complex"). The '40 Act Complex is comprised of over $200 billion in assets, including over 250 mutual funds with varying investment strategies across equity and fixed income products in both domestic and international mandates. In addition to the '40 Act Complex investment products are also registered in the U.S. as collective investment trusts ("CITs"), ETFs, or as separately managed accounts, in Ireland as UCITS funds, and in Canada as mutual funds, collectively, (the "Investment Complex"). There are over 250 third party advisors and sub-advisors who manage the investments of these products. In addition to overseeing the compliance programs of the advisors and sub-advisors to the Investment Complex the Team oversees the compliance programs of multiple service providers to the '40 Act Complexes including transfer agents, fund administrators, distributors, etc.. In order to continue our expansion and increase the breadth of our compliance oversight, SEI has an immediate opening for a highly motivated, results-oriented, senior compliance officer to be located in Oaks, Pa, although there is flexibility to work remotely for some of the time. This position would report to the Chief Compliance Officer on the Team.

Broad Objective

In general this position will work closely with other Team members to perform compliance oversight and due diligence activities. This position will primarily perform compliance due diligence processes with respect to the compliance programs of the current and any future investment advisors and sub-advisors to the Investment Complex. The position will also be responsible for performing the required annual and quarterly assessments of the compliance programs of the Investment Complex and the relevant '40 Act service providers.

Many of the activities of the Team are reported to the Boards of Trustees of the mutual fund complexes on a quarterly basis. Results of due diligence and monitoring activities are provided to the Boards as warranted. The members of the Team work collaboratively to ensure that all compliance matters are identified and rectified timely and in the best interest of shareholders. This Team also serves as the primary liaison with the SEC with respect to compliance matters relating to the mutual fund complexes in the U.S. and may assist the broader Legal and Compliance group in responding to regulatory inquiries outside of the U.S.

This individual will work with Team members to stay abreast of changes to laws and regulations affecting the funds in multiple jurisdictions including the U.S., Ireland and Canada; coordinate with legal counsel and service providers to ensure adherence to laws and regulations; oversee the revision, preparation, and dissemination of new and updated compliance policies and procedures; coordinate, supervise and support compliance-related programs, perform compliance testing and prepare compliance reports as warranted.

SEI and its investment advisor clients continue to build new and innovative investment products using mutual fund or related investment platforms. Some of the service providers to these mutual funds are global in scale and reach. This position will require travel, once it is safe again to do so, for approximately 2-3 days each month primarily in the U.S. to visit with and conduct due diligence on investment advisory firms or other service providers to the funds. Many of these firms are well known world class organizations, which will expose the senior compliance officer to industry best practices from some of the brightest and the best in the investment management business. A small percentage of travel may involve visiting investment advisors located in European or Canadian locations, although the bulk of travel will be based with advisors located in the U.S.

The position will include significant interaction with the various SEI business units and business partners, including the Investment Management Unit, the SEI Private Trust Company, the SEI Funds Administrator, Legal, and other SEI competency units in the design, development and implementation of SEI's and its clients' investment products.

What you'll do:

  • Ongoing compliance oversight of the Investment Complex advisors and sub-advisors and the service providers to the SEI proprietary funds and AIC funds. Identification of new compliance issues and implementation of processes to address these issues
  • Act as liaison with numerous functional groups in the design, development and implementation of compliance procedures across the mutual fund complexes.
  • Preparation of compliance board materials, due diligence materials, questionnaires, presentations etc.
  • Review of compliance due diligence materials
  • Assist market units in considering the compliance issues that may impact the development of new or innovative investment products
  • Identification of efficiencies and compliance monitoring leveraging opportunities
  • Ability to travel 2-3 days per month (post Covid) in order to conduct on site due diligence visits of the advisors, sub-advisors and service providers described above.

What you bring to the table:

A minimum of 8 years of experience in the investment management industry with some combination of responsibilities working in the following areas or with the following subject matter is desired:

  • Investment Company Act of 1940 or Investment Advisors Act of 1940
  • UCITS or Canadian mutual funds
  • Collective investment trust compliance
  • Fund accounting / operations
  • Mutual fund auditing
  • Internal audit, portfolio trading or portfolio management.

Any of the following experience would also be a plus:

  • Experience working with or for the Securities Exchange Commission ("SEC"), Financial Industry Regulatory Authority ("FINRA"), Ontario Securities Commission ("OSC"), Financial Conduct Authority ("FCA")
  • Experience with alternative investment products, ETFs or derivatives
  • Familiarity with using or implementing investment management systems such as EzCastle, Sentinel, Charles River, Bloomberg, Blackrock's Aladdin, etc.
  • Experience working with cybersecurity programs or vendors
  • Experience as an investment management compliance consultant

Attributes we value:

  • Excellent project management and organizational skills
  • Self-Starter with excellent time management skills
  • Capable of multi-tasking and prioritizing in a fast-paced environment to meet deadlines
  • Strong written and oral communication skills
  • Exceptional interpersonal and leadership skills

SEI is an Equal Opportunity Employer and so much more...

SEI is a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our Oaks, PA office encompasses an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we're (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance, and access to thriving employee networks.

SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

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