Senior Compliance Analyst, 40 Act / Adviser Act

Senior Compliance Analyst, 40 Act / Adviser Act

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This individual will be part of a team that is responsible for administering the compliance programs for MetLife’s proprietary mutual funds and their investment adviser and for overseeing the compliance programs of the sub-advisers to MetLife’s proprietary mutual funds, the funds’ service providers, and third-party money managers hired by MetLife’s Corporate Benefit Funding and Investments Dept.

Specifically, this associate will be responsible for: reviewing compliance policies and procedures, quarterly review of the sub-advisers’ compliance programs, and review of due diligence questionnaire responses from third-party money managers and assessing whether they meet the standards set forth by MetLife’s Investment Compliance Unit, following up with the third-party money managers to resolve questions or issues raised by their submissions.

This associate will also be responsible for assisting with the sub-adviser due diligence review program, preparing material for our annual compliance report and for preparing quarterly mutual fund board materials.  This associate will also play a key role in the day-to-day administration of the compliance risk management program related to these business units, by maintaining the inventory of laws, overseeing compliance controls, such as personal trading oversight, and conducting ongoing monitoring and testing of controls in place designed to ensure compliance with the Investment Advisers Act of 1940 and the Investment Company Act of 1940.  The ideal candidate should have 2 -4 years experience with an asset management firm in a compliance or operations capacity.

Principal Responsibilities:

Review of compliance policies and procedures, quarterly compliance materials, and due diligence questionnaire responses to determine adequacy

Oversee personal trading of access persons through automated system

Maintain Compliance Risk Management program elements, such as inventory of laws and documentation of compliance controls

Conduct quarterly risk assessment of control environment

Maintain Quarterly Board Matters report

Project manage and track short and long-term IC task list

Organize and maintain materials to be reported to boards for annual contract renewal process

Assist with the sub-adviser due diligence review

Assist with sub-adviser specific requests and questions

Keep updated on relevant SEC developments and industry best practices

Maintain IC electronic files including maintenance of compliance policies and procedures

Special projects as requested

Some travel may be required

Typical Experience/Skills:

•  B.A., required.  J.D., a plus 
•  2 - 4 years compliance or operations experience with an asset management firm
•  Applied knowledge of the Investment Company Act of 1940 and Investment Adviser Act of 1940
•  Proficient in the use of Microsoft - Word, Excel and PowerPoint
•  Excellent written, oral and presentation skills
•  Exceptional organizational skills required and must be detail oriented
•  Must be able to work on multiple projects at the same time
•  Must have the ability to work independently and in a team environment
•  Should have a flexible and adaptive work style