Senior Compliance Officer - US&C Investments

Company:Marsh Corporate

Description:

Marsh US&C Investments Compliance is recruiting for a Senior Compliance Officer who will work three days a week in our Boston or New York office alongside our team.

The team at Marsh will prepare you for a successful career and provide you the opportunity to work with well-known investment advisers across the globe. You will work with a team of high-performing colleagues committed to collaboration and partnership.  

As a Senior Compliance Officer, you will be responsible for assisting with due diligence reviews of subadvisers for adherence to regulatory requirements and compliance best practices. You will make recommendations and advise the business, escalate issues as appropriate and support the broader US&C Investments Compliance program.

  

As a member of the US&C Investments Compliance Department, you will lead the team that manages the Subadvisory Oversight compliance programs for the US & Canadian Investments entities and funds.  This is an opportunity to contribute your industry knowledge and expertise, as well as your creative ideas, to continually strengthen the program. At the same time, collaborating in office with our team members will provide opportunities for mentorship, continual learning, and building your compliance and industry experience. 

Mercer is Marsh's global consulting firm specializing in human resources, health, investments, and retirement. They provide investment management services and oversees the asset allocation, investment decisions, rebalancing and investment monitoring of client portfolios. 

Our primary model is a manager-of-manager model where we utilize subadvisors to manage various allocations. Mercer also provides investment consulting services and offers guidance at each stage of investment decision-making, risk management, and investment monitoring processes. Our subadvisory oversight compliance program focuses on overseeing subadvisor compliance programs and assessing the regulatory risk associated with these third-party programs. 

Our clients include sponsors and fiduciaries of employee benefit plans, foundations, endowments, healthcare organizations, insurance companies, financial intermediaries, and other investors. Mercer provides investment management services primarily utilizing a multi-manager approach to investing.

We will count on you to:

• Oversee and lead the US&C Investments subadvisory oversight compliance program with a focus on reviewing third-party compliance programs, policies, and activities; assessing risk; and appropriately escalating to meaningfully mitigate the firm’s regulatory risk.
• Lead a small team of experts who conduct reviews; while also directly conducting reviews. 
• Oversee vendors who provide systematic tools used in the subadvisory oversight process and vendors who provide outsourced services, including subadvisory oversight activities for certain products or solutions. 
• Collaborate effectively with business and other LCPA colleagues in the US&C and globally to generate efficiencies, improve alignment and consistency, and meaningfully mitigate risk across the organization. 
• Identify, recommend and drive execution on enhancements broadly. 
• Collaborate, and at times lead on, occasional projects and initiatives.
• Monitors and understands regulatory developments that may impact the US and Canadian businesses
• Be willing to self-teach and continuously build upon your foundational understanding of the regulatory landscape, industry, and business nuance that are likely to affect the entities you support. 

What you need to have: 

• A Bachelor’s Degree
• A minimum of 10 years of experience at an SEC registered investment adviser working within a compliance department and relevant work experience with managing compliance programs.
• A minimum of 5 years of experience conducting subadvisory oversight reviews, with at least 2 years of experience conducting reviews independently.

What makes you stand out:

• Work experience with regulatory exams and audits of advisers and funds, Compliance Risk Assessments, updating and writing Compliance Policies, board reporting, compliance training a plus.
• Experience conducting subadvisory reviews across various regulatory environments. 
• Ability to lead and manage a small staff through mentorship and by leading through example. 
• Ability to develop small scale strategy and regularly demonstrated experience executing on strategy.
• Familiarity working within a matrix model organization, supporting multiple business lines, firms, or entities. 
• Strong working knowledge of US regulatory rules (SEC, FINRA, NFA, etc.) and the ability to quickly gain knowledge of Canadian regulatory requirements.   
• Knowledge of Investment Company Act of 1940; Investment Advisers Act of 1940. Knowledge of ERISA regulations is a plus.
• Ability to establish and maintain professional relationships with key stakeholders and service providers.
• Proactive, capable of multi-tasking, and ability to organize and prioritize deliverables to meet deadlines within a growing and evolving business environment.
• A positive, can-do attitude and creative problem-solving skills.
• Strong written and oral communication skills. Ability to communicate succinctly. 

Why join our team:

• Join a dynamic team that is at the forefront of transforming Marsh’s business strategy and making a tangible impact on the organization’s success and bottom line.
• Opportunities for professional development and career advancement within a global leader in the insurance industry.
• Be part of a supportive and inclusive work environment that values diverse perspectives and encourages innovation.
• Contribute to a company that is dedicated to excellence, integrity, and delivering exceptional value to clients.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $118,900 to $238,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.