Sr. Associate, Risk and Regulatory Compliance

Income Research   Management 

Income Research Management is a Boston-based, privately owned, fixed income asset management firm. IR M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 800 institutional and private wealth clients.     

Founded in 1987 and located in the heart of Boston’s financial district, IR M employs 200 full time professionals and currently manages $100 Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement. 

We operate a hybrid work model that will mix days with your team in the office and remote work, leveraging first class technology solutions.  

Open Position:  

The Risk and Regulatory Compliance Team is responsible for managing risk across the firm, for administrating the firm’s Rule 206(4)-7 Compliance Program, and processing all foreign and domestic regulatory filings and reporting.  We are seeking a Senior Associate to join our team.  The individual will be responsible for compliance policy testing, administering our Code of Ethics, and reviewing marketing.  The individual will coordinate new hire compliance policy training and will administer periodic policy certifications.  The role reports directly to the SVP, Risk and Regulatory Compliance. 

Responsibilities:

Rule 206(4)7- Compliance Program: 

•    Administer the firm’s compliance policy testing plan.  
•    Formulate new tests and procedures based on changes in the business or firm risks.
•    Oversee monthly and quarterly policy acknowledgments and certifications.
•    Work with compliance policy owners to update or change existing policies.
•    Support the preparation of the annual compliance review.
•    Review, approve, track and maintain records of marketing materials including RFPs, DDQ, and RFIs.
•    Coordinate and document new hire compliance policy education training.

Code of Ethics:

•    Review pre-clearance requests (personal trading, gifts and entertainment, and political contributions). 
•    Answer ad hoc questions as they arise.
•    Administer quarterly and annual acknowledgements and certifications.
•    Evaluate political contribution forms for all potential new hires.

Regulatory Reporting and Filings:

•  Support the preparation of various regulatory filings such as Schedule C Form 5500 and Form 13F. 
•  Ensure accuracy and spearhead data gathering for 1940 Act Funds.

Ad hoc:

•  Partner with the business and other compliance personnel on new products initiatives.
•  Perform ad hoc projects and other duties deemed necessary.
•  Assist with SOC1 audit as required.

Required Skills and Experience:

•  5 years of industry experience. 
•  Ability to work in a very fast paced environment where priorities change quickly.
•  Thorough, persistent, and able to function with a high degree of independence and accuracy.
•  Ability to take initiative, use resources effectively, and communicate with others both orally and in writing.
•  Proven analytical skills, demonstrated ability to make independent decisions, and ability to develop creative solutions to meet business needs.
•  Strong computer skills SharePoint and PowerPivot.
•  Collaborative and ability to build credibility and strong working relationships with business partners at the firm. 
•  Ability to manage multiple projects simultaneously while meeting applicable deadlines. 
•  Thorough understanding of the Investment Company Act of 1940 and the Investment Advisers Act of 1940.  
•  Familiarity of the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, and other applicable regulations.
•  Familiarity of the Statement on Standards for Attestation Engagements (SSAE 18) and Global Investment Performance Standards (GIPS®).

What we offer you: 

Joining the IR M team is an opportunity to experience a unique and exciting culture and work environment. On a daily basis our employees are encouraged to personify our Core Values; working in a manner that emphasizes investment, respect, positivity, and motivation across the business and in delivering results for our clients. 

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance. 

·       Hybrid work environment allowing individuals to build strong bonds with colleagues in the office mixed with remote work capability 

·       Medical, dental, vision and life insurance 

·       Retirement savings – 401(k) plan with a safe harbor contribution (3%), a company discretionary contribution (12%), and a broad investment lineup 

·       Tuition reimbursement up to $15k annually 

·       $5,000 Referral bonus for employees who refer new hires 

·       Business-casual environment that includes the option to wear jeans 

·       Generous paid time off upon hire – including 20 days of vacation, 2 wellness days, unlimited sick time plus eight paid company holidays and 2 floating days each calendar year 

·       Paid volunteer time — 2 days per calendar year 

·       Leave of absence programs – including paid parental and family leave, paid short- and long-term disability, and Family and Medical Leave (FMLA) 

·       Fitness, health, and composting reimbursements  

In addition to the opportunity to participate in a discretionary bonus program, the salary range below describes the estimated minimum to maximum base salary range for a position of this level. Compensation decisions are dependent on the facts and circumstances of each candidate and may vary based upon but not limited to relevant experience, licensure requirements, certifications, skill set, and other business and organizational needs. 

Base Salary Range: 

$85,000 - $105,000                                                                      

Annual Performance Bonus: 

This role is eligible for an annual performance-based bonus  

Salary : $15,000