Compliance Specialist

001 Mass Financial Services; Boston (MA); Hybrid; USD 56,000 - 81,000; Full time

Benefits offered by this job

Retirement contribution 15%

Education assistance: $100 monthly

Tuition reimbursement: up to $8,000

Job summary

MFS is seeking a Compliance Specialist to help ensure local and international regulatory compliance. The role supports senior staff, drafts procedures, and maintains compliance records.

It also involves monitoring regulatory changes and delivering training materials across the organization. Ideal candidates hold a Bachelor’s degree with 0-2+ years of experience, strong writing and communication skills, and proficiency in MS Office and MFS systems.

Qualifications

• Bachelor’s degree or equivalent.
• 0-2+ years of experience.
• Excellent interpersonal, organizational, communication, team-working and collaboration with your manager to problem solve.
• Must be able to write effectively, and present research, analysis, and conclusions in a persuasive manner.
• Demonstrated ability to work effectively with employees and outside parties at all organizational levels.
• Analytical skills with the ability to make thoughtful decisions.
• Must be proficient in MS Office (Outlook, Word, Excel, PowerPoint) and able to develop proficiency in MFS systems as required to perform the duties of this position.
• Must be able to conduct on-line research and to utilize applicable tools.

Responsibilities

• Assist the compliance review and approval of materials, ensuring materials comply with current applicable regulatory requirements.
• Assist in drafting new guidelines and procedures.
• Contribute to the on-going development of compliance manuals and compliance monitoring procedures.
• Assist with communicating guidelines and procedures to all applicable areas.
• Help communicate new regulatory developments and negotiate implementation of resulting changes in guidelines and procedures.
• Keep abreast of changes in regulatory rules, guidelines and interpretations to appropriate parties.
• Ensure that all records are maintained in conformity with regulatory form and retention requirements.
• Assist Senior Team Members with educating and informing business partners as necessary as to required revisions, new MFS policies, new regulations, etc.
• Assist the Compliance Lead Specialist with research, delivering of training and communications materials both within the Compliance Department and into the business that provide explanation and insight into a range of compliance issues as required.
• Input data into applicable compliance monitoring systems.
• Report compliance violations.
• Assist the team with restoring compliance restoration in an appropriate manner.
• Maintain and prepare periodic daily, monthly, and quarterly compliance reports as required.
• Respond to requests for assistance from the business, researching issues, providing advice and guidance as required.
• Participate within cross-functional projects providing compliance advice and input as required.
• Assume additional responsibilities as needed.

Skills

Interpersonal skills

Communication

Teamwork

Problem solving

MS Office proficiency

Education

Bachelor’s degree or equivalent

Tools

MS Office suite

MFS systems

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 Specialist is responsible for ensuring compliance with applicable local and international regulatory requirements. With supervision, partners with MFS management to elevate compliance matters and to resolve regulatory and compliance issues. Assists in the completion of day-to-day tasks and other projects in alignment with compliance initiatives.

WHAT YOU WILL DO

• Assist the compliance review and approval of materials, ensuring materials comply with current applicable regulatory requirements.
• Assist in drafting new guidelines and procedures.
• Contribute to the on-going development of compliance manuals and compliance monitoring procedures.
• Assist with communicating guidelines and procedures to all applicable areas.
• Help communicate new regulatory developments and negotiate implementation of resulting changes in guidelines and procedures.
• Keep abreast of changes in regulatory rules, guidelines and interpretations to appropriate parties.
• Ensure that all records are maintained in conformity with regulatory form and retention requirements.
• Assist Senior Team Members with educating and informing business partners as necessary as to required revisions, new MFS policies, new regulations, etc.
• Assist the Compliance Lead Specialist with research, delivering of training and communications materials both within the Compliance Department and into the business that provide explanation and insight into a range of compliance issues as required.
• Input data into applicable compliance monitoring systems.
• Report compliance violations.
• Assist the team with restoring compliance restoration in an appropriate manner.
• Maintain and prepare periodic daily, monthly, and quarterly compliance reports as required.
• Respond to requests for assistance from the business, researching issues, providing advice and guidance as required.
• Participate within cross-functional projects providing compliance advice and input as required.
• Assume additional responsibilities as needed.

WHAT WE ARE LOOKING FOR

• Bachelor’s degree or equivalent.
• 0-2+ years of experience.
• Excellent interpersonal, organizational, communication, team-working and collaboration with your manager to problem solve.
• Must be able to write effectively, and present research, analysis, and conclusions in a persuasive manner.
• Demonstrated ability to work effectively with employees and outside parties at all organizational levels.
• Analytical skills with the ability to make thoughtful decisions.
• Must be proficient in MS Office (Outlook, Word, Excel, PowerPoint) and able to develop proficiency in MFS systems as required to perform the duties of this position.
• Must be able to conduct on-line research and to utilize applicable tools.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE

• Prior experience in investment management, financial services or industry-related compliance preferred.
• Presentation skills and strong writing abilities are preferred.
• Understanding of the business operations and practices, procedures, and controls specific to the business units supported is required.
• Must be aware of best practices as well as evolving issues within scope of the position.

Base Salary Range: $55,500.00 - $80,500.00. This 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 for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based 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. Applicants must be currently authorized to work in the United States on a full-time basis. This position is not eligible for sponsorship. 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, or 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.

For almost a century, investors around the world have trusted MFS to achieve their investment goals. Since 1924, when our founders invented the mutual fund, collaboration, a long-term focus and skilled active research have fueled our success. As a leading global investment manager, we hire employees who share our values, align with investors who share our long-term philosophy, and always act in the best interest of our clients.