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Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
Due Diligence Services Team (DDS)
The DDS team is a specialist team that is dedicated to our US Financial Intermediaries Group (USFIG) (subadvisory business),which interacts directly with our clients' Chief Compliance Officers and their teams as well as collaborates with the rest of the client facing teams and a number of other functional teams. The USFIG team client channel includes some of the firm's largest clients and represents more than half the assets under management.
This is a team where subject matter expertise, client engagement, development of best practices/reporting and collaboration with other internal stakeholders/expertise have resulted in delivering a strong client experience in a channel governed by a number of regulations and requirements.
This function sits alongside other specialist teams serving the USFIG book of business, such as Client Service Management, Client Operations, Marketing, Relationship Management and Business Development. The DDS team rolls up to the Client Regulatory & Business Communications team within the Client Services Group.
The DDS team operates as a center of knowledge within the Client Services Group and is conversant in regulations that impact clients, primarily the '40 Act and to a lesser degree Canadian and EU Funds Individuals within this group will be able to provide a level of subject matter expertise and act as a first level resource for client facing teams (Client Services, Relationship Management, Business Development) as well as engage with clients by email, phone, or in person. Objectives of the team will be to ensure that we are able to articulate the firm's position on how we've implemented or complied with regulatory programs, stay abreast of developments, and implement structure, consistency, and best practices around responding to client inquiries in this area, including associated client reporting.
The Client Regulatory Manager will be able to provide a level of subject matter expertise and act as a first level resource across client facing teams (Client Service, Relationship Management, Business Development) as well as engage with clients by email, phone or in person.
This role requires a solid understanding of how the firm works, and in particular must be able to articulate the firm's position on topics like best execution, commissions and soft dollars, cross trading, '40 Act investment rules and restrictions including portfolio liquidity, proxy voting and our controls and governance structure. It also involves coordinating and leading on site due diligence client meetings and associated questionnaires, handling error conversations, and other communications, such as notification of exam findings, policy changes, CCO report, and other relevant topics to the USFIG client base. It also includes working with analysts to review monthly and quarterly reporting before it goes out to clients as well as understanding and negotiating any new reporting requirements. This senior level client facing role (VP) has both a client service and reporting oversight component. The candidate will develop trusted relationships with Chief Compliance officers and their organizations, representing the firm on '40 act related matters and issues. While working independently, the manager collaborates with other members of the DDS team and other client facing teams to meet client needs.
The Client Regulatory Manager will primarily serve as a resource for USFIG client facing teams on compliance and regulatory topics and requirements that have client reporting implications, and work with the analysts on the team to meet deliverables.
The CRM will interact directly with clients, participating on conference calls, working through issues, and lead client on site due diligence meetings. This person will work closely with the members of the broader Client Regulatory Team, client facing teams, Legal & Compliance, Trading, Portfolio Services, IT and Investments to achieve these objectives.
As US mutual fund clients are subject to the '40 Act rules and regulations, the work is based on the understanding of these rules. The manager will also participate in cross functional working groups related to implementation of new '40act rules and the roll out to clients (e.g. Liquidity Rule). The person must also develop trusted relationships internally as they will be working closely with other Client Service and Relationship team,, and will interface with colleagues from Trading, Legal & Compliance, Portfolio Services (Guideline Monitoring, Proxy Voting, etc.), Enterprise Sourcing, Audit, and IT.
Major responsibilities include:
Develop and maintain relationships with Chief Compliance Officers and their teams through on going client service and regular communication of areas of interest (e.g. Compliance Program Annual Assessment) and other material compliance matters
Provide expertise to client facing teams on compliance and regulatory topics, reporting issues and questions and engage with functional subject matter experts as needed.
Participate, as appropriate, in working groups within the firm that impact the compliance and due diligence reporting to clients
Review client reporting, prepared by analysts, for accuracy and completeness. Provide direction, as needed, to analysts as they prepare client reports and respond to related client inquiries.
Ensure consistency and best practice across our compliance and regulatory reporting to clients. Work with the members of DDS to proactively identify needed enhancements for reports and systems and assist the cross-functional efforts to develop solutions.
Attend industry working group meetings and forums, engage with peers and attend conferences to build connections and assess market practice/trends and best practices
10+ of relevant experience in the in the investment management/funds sector
Relationship building skills - Ability to develop and maintain relationships with clients and internal stakeholders
Solid understanding of/experience with '40 Act regulations and/or other fund regimes preferred. We would not expect the candidate to know all relevant regimes but to build their knowledge over time.
Ability to synthesize, condense and convey complex regulatory and policy information to key stakeholders in clear, digestible and simple terms
Service oriented; ability to balance regulatory and policy standards with a business perspective
Solutions oriented. Ability to identify, research and resolve unfamiliar issues
Excellent interpersonal, verbal and written communication skills
Strong business judgement and analytical skills
Deadline focused, organized self-starter with the ability to manage and prioritize multiple projects and issues
Strong attention to detail
JOB TITLE Client Regulatory Manager
LOCATION 280 Congress
As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .