Compliance Senior Manager

Morningstar; Chicago (IL); Hybrid; USD 121,000 - 186,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Company-provided life insurance

Health benefits (medical/dental/vision

Sabbatical program

Paid parental leave

Tuition reimbursement

Volunteer programs

Job summary

Morningstar’s Compliance team in Chicago seeks a highly motivated Compliance Senior Manager to oversee the daily administration of the compliance program for the Morningstar Wealth, Retirement, and Research groups in the United States. This role reports to the Chief Compliance Officer, Americas – Wealth, Retirement, and Research.

Based in Chicago, you will design, implement, and oversee the compliance program, manage relationships with regulators, provide guidance on material issues, and mentor

Qualifications

• Bachelor's degree required; advanced degree or certifications a plus.
• 8+ years of compliance experience with investment adviser and investment company regulations.
• Strong knowledge of Advisers Act, Investment Company Act, ERISA.
• Experience designing and administering compliance programs.
• Excellent written and verbal communication across all levels.

Responsibilities

• Design, implement, and oversee the US compliance program for regulated entities under Advisers Act and Investment Company Act.
• Administer and support controls, policies, registrations, disclosures, training, monitoring, testing, and risk assessments.
• Manage relationships with clients and regulators on material compliance matters.
• Stay informed of regulatory developments and respond to inquiries and examinations.
• Provide guidance to employees and mentor the US compliance team.

Skills

Leadership

Communication

Project management

Analytical thinking

Regulatory compliance

Integrity/ethics

Education

Bachelor's degree

Advanced degree / certifications

Job description

The Team

Morningstar’s Compliance team supports Morningstar’s global business entities, primarily focusing on those registered with and governed by regulatory authorities. Our compliance professionals help each Morningstar business entity adhere to the rules and regulations of the local regulatory authorities.

The Team

Morningstar’s Compliance team supports Morningstar’s global business entities, primarily focusing on those registered with and governed by regulatory authorities. Our compliance professionals help each Morningstar business entity adhere to the rules and regulations of the local regulatory authorities.

The Role

Morningstar’s Compliance team is currently seeking a highly motivated Compliance Senior Manager to join our team. The primary focus of the role is to oversee the daily administration of the compliance program for the Morningstar Wealth, Retirement, and Research groups located in the United States. This position is based in Chicago and reports to Morningstar’s Chief Compliance Officer, Americas – Wealth, Retirement, and Research.

Key Responsibilities

• Design, implement, and oversee the compliance program for United States-based regulated entities under the Investment Advisers and Investment Company Acts


• Administer and support local and global controls compliance team activities regarding policies and procedures, advisory agreements, registrations, regulatory filings, disclosures, training, monitoring and testing, customer complaints, and risk assessments


• Manage relationships with clients and regulators on material compliance matters


• Stay informed of regulatory developments, respond to regulatory inquiries, and facilitate regulatory examinations


• Provide advice to employees on material compliance and regulatory matters and respond to escalated questions from business units


• Supply guidance on new products/services or material changes to the business model


• Monitor implemented updates by business units due to regulatory or compliance policy changes


• Prepare and present informal and formal training sessions on complex topics


• Oversee and mentor the United States compliance team


• Support the United States compliance team with other tasks, initiatives, or projects, as directed


• Promote a culture of compliance

Requirements

• Bachelor's degree. Advanced degree and/or relevant certifications a plus


• 8+ years’ compliance experience with investment adviser and investment company regulations


• Background in Investment Fund Management


• Solid understanding of and experience with applicable advisory services, regulatory environment, rules and regulations (Advisers Act, Investment Company Act, ERISA), and implementing policies and procedures for new or changing regulations


• Experience with all facets of a compliance program and successful implementation of courses of action


• Excellent verbal and writing skills that enable messages and decisions to be articulated confidently, effectively, and diplomatically across all levels of the business


• Provide well-informed guidance backed by strong knowledge and analysis of the issue


• Strong commitment to providing support to the compliance team, internal customers (management, businesses, products, etc.), and protecting the company and stakeholders


• Ability to consistently apply and display a reasonable and mature approach in critical thinking by being able to independently assemble, evaluate, and apply logical reasoning to information


• Strong organizational and project management skills with the flexibility to respond to changing priorities


• Robust interpersonal skills and ability to work effectively in a team environment


• Ability to manage multiple projects and deadlines simultaneously


• High degree of integrity and strong work ethic


• Attention to detail and highly organized


• Strong leadership/management experience

Compensation And Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health




• 100% 401k match up to 6% of salary


• Stock Ownership Potential


• Company provided life insurance - 1x salary + commission




• Physical Health




• Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages


• Additional medical Wellness Incentives - up to $300-$600 annual


• Company-provided long- and short-term disability insurance




• Emotional Health




• Trust-Based Time Off


• 6-week Paid Sabbatical Program


• 6-Week Paid Family Caregiving Leave


• Competitive 8-24 Week Paid Parental Leave


• Adoption Assistance


• Leadership Coaching & Formal Mentorship Opportunities


• Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses


• Tuition Reimbursement




• Social Health




• Charitable Matching Gifts program


• Dollars for Doers volunteer program


• Paid volunteering days


• 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$121,400.00-186,150.00

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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