Compliance Officer at SEI in Oaks, Pennsylvania

Posted in Other 14 days ago.





Job Description:

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.

SEI's Fund Compliance team ("Team") has an immediate opening for a highly motivated, results-orientated Investment Product Compliance Due Diligence Officer to take responsibility for helping support 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 SEI's '40 Act Funds, Collective Investment Trusts, Separately Managed Accounts, Irish UCITS Funds, and Canadian Mutual Funds (the" Investment Complex"). The '40 Act Complex is comprised of over $200 billion in assets, including over 250 mutual funds with varying investment strategies across the equity, fixed income, and hedge fund universes.


The opportunity:

This is an exciting opportunity for highly organized and detail-oriented individuals to continue their careers in the in-demand compliance industry. The successful candidate will develop expertise within investment product compliance due diligence while learning from more experienced compliance officers. This position would report to a senior compliance officer on the Team. 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. While the role is primarily within the Fund Compliance team, you will have opportunities to work with and support other functions within the broader SEI company. 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 and its clients' investment products. Other teams you will support include SEI's Advisory and Broker-Dealer compliance teams, Marketing Review and Legal Services. As you grow professionally within the Legal & Compliance team, your managers will work with you to develop a personalized professional growth plan to help further your career goals at SEI and beyond.


What you'll do:

In general, the Investment Product Compliance Due Diligence Officer will work closely with other Team members to support 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 funds or related investment platforms. Some of the service providers to these mutual funds are global in scale and reach. This position may 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 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.

What you'll bring to the table:


  • '40 Act fund or advisor compliance, UCITS or Canadian mutual funds, collective investment trusts compliance, fund accounting/operations, mutual fund auditing, internal audit, portfolio trading, or investment management.

  • Experience working with or for the Securities Exchange Commission ("SEC"), Financial Industry Regulatory Authority ("FINRA"), Ontario Securities Commission ("OSC"), Financial Conduct Authority ("FCA") a plus.

  • Experience with alternative investment products is a plus.

  • Familiarity with using or implementing investment management systems such EzCastle, Sentinel, Charles River, Bloomberg, Blackrock's Aladdin, etc. a plus.

  • Experience working with Cybersecurity vendors or programs is a plus.

  • Experience as a compliance consultant is also desirable, but not required.

  • 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

  • One or more of the following scholastic or professional designations would be a plus: MBA, CPA, CFA, or industry-related compliance certifications

  • Exceptional interpersonal and leadership skills

  • Ability to travel 2-3 days per month (post-Covid) is desirable in order to conduct on-site due diligence visits of the advisors, sub-advisors, and service providers described above.


Attributes we value:


  • Hardworking

  • Smart

  • Effective

  • Solution-Oriented

  • Team Player

  • High Integrity/Ethics

  • Good Communicator/Listener

  • Sound Judgment

  • Dedicated to Self-Improvement

  • Self-Aware

  • Open-Minded

  • Thoughtful


General Position Notice:

Please be aware that SEC Rule 206(4)-5 "Political Contributions by Certain Investment Advisers" (the "Rule") may place certain restrictions on certain subsidiaries of SEI as a result of your past and future political contributions. Therefore, an offer for this position may be contingent on you providing SEI, a completed questionnaire regarding political contributions made by you and members of your household, and that SEI may reject your application if SEI determines in its sole discretion that the effect of such political contributions under the Rule could have an adverse impact on SEI's current or prospective business activities and strategies. Any misrepresentation of or omission of any contributions from this information request will be cause for your rejection or dismissal from employment.

Responsibilities of the role will require work outside of normal business hours when needed to meet deadlines. Vacation time may also be impacted due to regulatory deadlines.

As deemed necessary, the position will require international and domestic travel to SEI offices, including New York, London, Dublin, and Toronto.


Physical Demands and Work Environment:

While performing the duties of this job, the work environment may require an individual to move around the office and from building to building which may expose the individual to weather conditions outside. The individual has to be able to sit or be stationary at a computer and use computers for extended periods of time and occasionally lift and/or move up to 20 pounds. The noise level in the environment is moderate and the individual must be able to communicate and exchange information with people in person and over the telephone and email.

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

After 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices 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.

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.