The role of the ERISA Compliance Director will report to the Global Head of Asset Management Compliance and to the Regional Heads of Asset Management Compliance & Legal in the Americas.
Role and Responsibilities
The ERISA Compliance Director is a business line advisory compliance role, supporting the global Asset Management business activities to comply with all relevant fiduciary provisions under Part 4 of Title I of ERISA and the regulations thereunder, including prohibited transaction rules, exemptions and related firm policies and procedures.
Provide advice and guidance to the senior management of Firm's Management Division relating to ERISA Compliance matters and provide training on ERISA matters to relevant Asset Management staff;
Develop and maintain a robust compliance framework in conjunction with the Compliance Management team regionally in the US and globally across the organization as it relates to ERISA and other retirement plan activity;
Review and analyze relevant regulatory notices; liaise and advise front line businesses to ensure compliance with regulatory developments; review and update relevant policies and procedures, where required;
Oversee and participate in the annual Compliance Risk Assessment process, providing quality assurance sign off for ERISA and other retirement plan related activities;
Coordinate with regulators and internal and external auditors as it relates to ERISA Compliance matters and prepare necessary reports and presentations in connection therewith Qualifications
Must have an undergraduate and J.D degrees, plus a minimum of 10 years of relevant ERISA plan investment management related legal experience (compliance experience is a plus);
Ability to work effectively with senior business management and staff within a matrixes organization and engage and provide pro-active advice;
Comprehensive knowledge of Part 4 of Title I of ERISA and. the Investment Advisers Act and the relevant rules and regulations under these Acts..
Must be highly organized and detailed oriented and possess excellent written and oral communication skills Interpersonal Skills The successful candidate will possess the following attributes:
self-motivation and initiative taking
ability to build understanding and trust
strong teamwork, communication (both written & oral), presentation and influencing skills