DUTIES AND RESPONSIBLITIES Responsible for the compliance oversight of KAR's institutional business; including the oversights of the equity, wrap, and fixed income trading desks. Working closely with Traders and Portfolio Managers
Responsible for the approval and review of new institutional accounts, including the review of investment policy states, new account paperwork, and in conjunction with the legal department, the review of tailored contracts
Participates in the view of firm Institutional Marketing campaigns – this includes presentations, marketing commentaries, RFP responses, websites and similar ad hoc marketing pieces and approving the firm's marketing materials to ascertain they are in compliance with GIPS® and all federal regulatory requirements within established guidelines
Participates with CCO in ensuring the Adviser and the Funds are in compliance with all applicable federal and state laws and regulations (i.e. SEC, ERISA, FINRA and various states)
Responsible to review and analyze trading reports to perform best execution testing and identify trends or patterns and report results to the Best Execution Committee
Responsible for the review and analysis of attribution reports pertaining to our model strategies, and report results to the Risk and Investment Committee
Responsible for guideline monitoring and trading surveillance for KAR as mandated by the applicable investment management agreements, applicable prospectus, statement of additional information, internal limits and applicable regulations.
Responsible for, on a continuing basis that investment guidelines are properly coded in the compliance monitoring systems (Longview, Charles River, Bloomberg) and other manual calculations as required for existing portfolios. On boards new portfolios to ensure the same.
Monitors prospectus and other changes to guidelines and adjusts portfolio guidelines to ensure all rules are properly coded within the appropriate systems.
Responsible for review of 3rd party due diligence reports
Responsible for the approval of override of restrictions in the trade order management systems.
Assist in the development and/or revising procedures designed to ensure compliance with the Investment Advisers and Investment Company Acts
Assist the CCO with on-site due diligence meetings, quarterly and annual reports and certifications from our institutional clients.
Responsible for the vendor management process, as it relates to the institutional business
Back up CCO with aspects of the compliance department
Participates in various KAR and Virtus Committees
Resolves complex problems using a combination of technical and business experience in written and verbal form
Participate in and contribute to compliance projects, as necessary
QUALIFICATIONS: Master's degree and/or 8+ years of compliance experience or an equivalent combination of education experience. Applies expertise and knowledge or in-depth experience of several areas within a function5+ years' experience as a compliance officer with an investment adviser specializing the institutional and fund market place
May require completion of certified compliance professional designation
Skilled in identifying problems/making decisions (e.g. prioritization of taks; interpretation of rules and policies) with in-depth knowledge of regulations and interpretations under the Investment Adviser Act of 1940 and Investment Company Act of 1940
Broad knowledge of securities' law including ERISA, FINRA and State regulations
Knowledge of portfolio compliance, trading, marketing and back-office operations
Designs programs and policies for area of responsibility
Provides clarity for others to accept new ideas or changing concepts and initiates and orchestrates the pace of change
Supports the establishment of project objectives, checkpoints and timeliness to meet project tasks and expectations.
Excellent communication (verbal and written), analytical, interpersonal and presentation skills and diplomacy
Detail-oriented with the ability to establish priorities, work independently, handle interruption and proceed with objectives without supervision.
Ability to work with all levels of management
Good judgment with the ability to make timey and sound decisions, not only from a compliance perspective but also from a business perspective.
Highly motivated (self-starter) with a team player and collaborative approach to work.
Ability to work with all levels of management, with a positive solutions based approach
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Benefits: Competitive salary DOE
Health & Dental Insurance
Meals provided daily
Potential for bonus participation
A competitive compensation will be offered. Details will be discussed at the appropriate time with interested, qualified candidates.
For additional general information on Kayne Anderson Rudnick, please access the firm's web site at www.kayne.com.
No phone calls please