What are the responsibilities and job description for the Compliance & Risk Analyst position at Meeder Investment Management?
Description
This operational and compliance risk management position will provide enterprise-wide risk management and trading compliance oversight of the firm’s trading, operational, and investment functions. This includes setting compliance and risk mitigation standards and ensuring that a robust framework is in place to proactively manage trading, operational, and compliance risks. The successful candidate ideally will be experienced with portfolio and order management systems and their rules engines and promote ideas to mitigate risk and optimize various trading and operational processes.
Primary Responsibilities
Administer and monitor pre- and post- trade portfolio compliance functions within the order management and compliance monitoring system for registered mutual funds and separately managed accounts in various lines of business, including:
On-board new accounts and manage amendments to existing client accounts’ rule coding
Review investment restrictions in proposed new account documentation and to ensure ability to code the compliance system as well as clarify intent, as needed
Program rules in order to effectively monitor client and regulatory requirements
Coordinate with system representatives regarding issues and enhancements
Collaborate with investment and client advisor staff to ensure rule coding achieves alignment between client/regulatory requirements and the investment strategy of each portfolio
Perform quality assurance testing and review of rules programmed
Evaluate compliance system functionality and available data elements to determine how restrictions can be captured in the compliance systems
Provide creative coding solutions and alternatives to capture complex requirements
Assess impacts of code changes and tests restrictions to ensure they function as intended
Escalate any operational roadblocks or risks in new client requirements or existing processes to management
Monitoring daily reporting and escalating exceptions as needed
Work closely with various business lines to enhance trading and operational policies and procedures.
Lead investigations into trade errors and related remediation and enhancement processes.
Assist with monitoring of compliance program requirements; providing updates, metrics and reporting as needed.
Conduct compliance testing and/or reviews in coordination with testing and monitoring program and compliance priorities.
Support the CCO in risk assessment processes and annual compliance reviews.
Perform additional projects and tasks in support of Meeder’s compliance program as assigned.
Critical Success Factors
Functions with a high degree of independence while meeting competing priorities, deadlines and objectives.
Ability to effectively interact and communicate with all levels of Meeder associates. This role interacts with the entire firm.
Strong analytical skills, attention to detail, and ability to exercise balanced judgment and decision making.
Positive attitude, enthusiastic, professional, with a strong work ethic.
Excellent written and verbal communication skills.
Ability to synthesize complex/technical topics to non-technical parties.
Ability to visualize complex concepts, ideas, and designs when necessary.
Willingness to initiate collaboration across multiple internal departments.
Req Number LEG-24-00002
Position Requirements
Meeder's advice and solution suite is driven by our founding principle: providing investment solutions designed to improve investor outcomes. Meeder works with clients - both directly and through financial advisors - to offer a variety of investment solutions including mutual funds, investment portfolios, separately managed accounts, retirement plan services, and cash management solutions.
At Meeder, we pride ourselves on living our five core values: Do the Right Thing, Driven & Results Oriented, Relationships Matter, Continuous Improvement, and Discipline. Our core values are the cultural cornerstone for everything we do. They inspire and guide us in our day-to-day work, our relationships with colleagues, and when servicing our clients.
Visit www.meederinvestment.com for more. See Meeder's social media pages at https://linktr.ee/Meeder
This operational and compliance risk management position will provide enterprise-wide risk management and trading compliance oversight of the firm’s trading, operational, and investment functions. This includes setting compliance and risk mitigation standards and ensuring that a robust framework is in place to proactively manage trading, operational, and compliance risks. The successful candidate ideally will be experienced with portfolio and order management systems and their rules engines and promote ideas to mitigate risk and optimize various trading and operational processes.
Primary Responsibilities
Administer and monitor pre- and post- trade portfolio compliance functions within the order management and compliance monitoring system for registered mutual funds and separately managed accounts in various lines of business, including:
On-board new accounts and manage amendments to existing client accounts’ rule coding
Review investment restrictions in proposed new account documentation and to ensure ability to code the compliance system as well as clarify intent, as needed
Program rules in order to effectively monitor client and regulatory requirements
Coordinate with system representatives regarding issues and enhancements
Collaborate with investment and client advisor staff to ensure rule coding achieves alignment between client/regulatory requirements and the investment strategy of each portfolio
Perform quality assurance testing and review of rules programmed
Evaluate compliance system functionality and available data elements to determine how restrictions can be captured in the compliance systems
Provide creative coding solutions and alternatives to capture complex requirements
Assess impacts of code changes and tests restrictions to ensure they function as intended
Escalate any operational roadblocks or risks in new client requirements or existing processes to management
Monitoring daily reporting and escalating exceptions as needed
Work closely with various business lines to enhance trading and operational policies and procedures.
Lead investigations into trade errors and related remediation and enhancement processes.
Assist with monitoring of compliance program requirements; providing updates, metrics and reporting as needed.
Conduct compliance testing and/or reviews in coordination with testing and monitoring program and compliance priorities.
Support the CCO in risk assessment processes and annual compliance reviews.
Perform additional projects and tasks in support of Meeder’s compliance program as assigned.
Critical Success Factors
Functions with a high degree of independence while meeting competing priorities, deadlines and objectives.
Ability to effectively interact and communicate with all levels of Meeder associates. This role interacts with the entire firm.
Strong analytical skills, attention to detail, and ability to exercise balanced judgment and decision making.
Positive attitude, enthusiastic, professional, with a strong work ethic.
Excellent written and verbal communication skills.
Ability to synthesize complex/technical topics to non-technical parties.
Ability to visualize complex concepts, ideas, and designs when necessary.
Willingness to initiate collaboration across multiple internal departments.
Req Number LEG-24-00002
Position Requirements
- Bachelor’s Degree
- A minimum of 3-5 years’ experience in a risk management, internal control, or in a compliance role in the asset management or financial services industry.
- Proficient in the functionality of risk and compliance tools within order management and portfolio management systems.
- Comfortable dealing with portfolio managers, traders, compliance and leadership personnel within an asset management firm, as well as with various representatives of technology vendors.
- Highly proficient understanding and use of Microsoft Office suite and various compliance and risk technology tools.
Meeder's advice and solution suite is driven by our founding principle: providing investment solutions designed to improve investor outcomes. Meeder works with clients - both directly and through financial advisors - to offer a variety of investment solutions including mutual funds, investment portfolios, separately managed accounts, retirement plan services, and cash management solutions.
At Meeder, we pride ourselves on living our five core values: Do the Right Thing, Driven & Results Oriented, Relationships Matter, Continuous Improvement, and Discipline. Our core values are the cultural cornerstone for everything we do. They inspire and guide us in our day-to-day work, our relationships with colleagues, and when servicing our clients.
Visit www.meederinvestment.com for more. See Meeder's social media pages at https://linktr.ee/Meeder
- Assets Under Advisement consist of $58.4 billion of regulatory assets under management by Meeder Investment Management's registered investment adviser affiliates and $100.6 billion of non-discretionary assets as to which Meeder Public Funds provides strategic advice or consultation as of December 31, 2023.
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