Compliance Lead Specialist

Massachusetts Financial Services Company; Boston (MA); Hybrid; USD 79,000 - 113,000; Full time

Benefits offered by this job

Retirement contribution 15%

Education assistance: monthly $100

Tuition reimbursement

Wellness programs

Generous leave

Health plan options

Job summary

Massachusetts Financial Services Company in Boston is seeking a Compliance Lead Specialist to serve as a senior Investment Compliance resource. You will provide guidance on regulatory and client guideline requirements and partner across the firm to assess complex matters and strengthen compliance practices.

Responsibilities include translating client requirements into monitoring controls, supervising daily trade activity, investigating breaches, and advising internal stakeholders to maintain

Qualifications

• Bachelor's degree or equivalent years of experience, preferably 5-6+ years with at least 4 years related investment management, financial services or industry related compliance experience.
• Excellent interpersonal, organizational, communication, customer-service, team working and problem- solving skills.
• Experience in multi-tasking and able to prioritize according to business need.
• Proven ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional teams throughout the organization.
• Strong attention to detail is essential.
• Good business judgement and the ability to handle challenges while maintaining a professional approach to problem solving.

Responsibilities

• Translate client and regulatory requirements into monitoring controls; oversee daily trade activity and periodic account reviews.
• Investigate and resolve potential compliance breaches, including determining root cause and impact, documenting conclusions, escalating material matters, and recommending corrective actions.
• Participate in departmental initiatives with new or existing workflows/processes to meet applicable goals within regulatory, internal and other frameworks.
• Own assigned business relationships by providing timely, risk-based compliance advice and communicating requirements clearly.
• Assist with the research of regulatory issues and provide appropriate guidance to internal stakeholders.
• Become proficient and follow all applicable departmental policies and procedures.
• Keep abreast of changes in regulatory rules, guidelines and interpretations affecting compliance.
• Participate in compliance projects and work with wider Compliance team as required.
• Support other global initiatives/functions in assigned region.

Skills

Regulatory knowledge

Investment compliance

Analytical thinking

Communication skills

Cross-functional collaboration

Education

Bachelor's degree or equivalent

Job description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

The Compliance Lead Specialist serves as a senior Investment Compliance resource, providing guidance and subject matter expertise on regulatory and client guideline requirements and partnering across MFS to assess complex matters, resolve issues, and strengthen compliance practices.

WHAT YOU WILL DO

• Interpret and translate client and regulatory requirements into actionable monitoring controls; oversee daily trade activity and periodic account reviews to confirm requirements are accurately implemented and operating effectively within the Firm's guideline monitoring system.
• Investigates and resolves potential compliance breaches, including determining root cause and impact, documenting conclusions, escalating material matters, and recommending corrective and preventive actions.
• Participate in departmental initiatives with new or existing workflows/processes to ensure applicable goals are met within regulatory, internal and other frameworks.
• Own assigned business relationships by providing timely, risk-based compliance advice, clearly communicating requirements and decisions, and meeting established service-level and quality standards.
• Assist with the research of regulatory issues and provide appropriate advice and guidance to internal stakeholders to assist in achieving and maintaining compliant operations and processes.
• Become proficient and follow all applicable departmental policies and procedures.
• Keep abreast of and communicate changes in regulatory rules, guidelines and interpretations affecting compliance.
• Participate in compliance related projects and initiatives and work with relevant colleagues within the wider Compliance team, where required.
• Support other global initiatives/functions as required in assigned region.

WHAT WE ARE LOOKING FOR

• Bachelor's degree or equivalent years of experiencepreferably 5-6+ years with at least 4 years related investment management, financial services or industry related compliance experience.
• Excellent interpersonal, organizational, communication, customer-service, team working and problem- solving skills.Must be able to write effectively, and present research, analysis and conclusions in a persuasive manner.
• Experience in multi-tasking and able to prioritize according to business need.
• Proven ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional teams throughout the organization.
• Strong attention to detail is essential.
• Good business judgement and the ability to handle challenges while maintaining a professional approach to problem solving.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE

• CRD experience.
• Fixed Income and Derivatives knowledge a plus.

Base Salary Range: $79,000.00 - $113,000.00This position is eligible for competitive incentive bonus.

At MFS, we believe in fair and transparent compensation. For that reason, we're including the salary range for this position. This range reflects our good-faith expectation forwhat we'll pay depending on the candidate's experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensationbased on both individual and company performance. Other components of our Total Rewards Package include:

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency - if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we'll be happy to discuss them

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [e-mail] for assistance.

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, and coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.