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Job Description The Corporate Compliance Program Manager is responsible for designing and implementing components of MFS' compliance monitoring and testing program for the US compliance programs related to the Security and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) activities. The Program Manager will interact with various business units to evaluate policies and procedures, advise on regulatory change, develop a global monitoring plan, design and execute monitoring procedures, evaluate results, and develop and monitor action plans to address issues identified.
PRINCIPAL RESPONSIBILITIES: Primary functions will include, but are not limited to:
Evaluate MFS' policies, procedures, and processes to ensure they reflect applicable regulatory requirements and industry best practices and update MFS', or verify that MFS' has updated its, Compliance Programs appropriately.
Keeps abreast of regulatory developments affecting the industry, changes in industry best practices, and changes in MFS' business activities and update MFS', or verify that verify that MFS' has sufficiently updated its policies, procedures and processes.
Assist in the design and maintenance of a monitoring and testing program including identifying opportunities to advance the program through technology, updated processes, or communication.
Works independently and/or with a variable team of compliance professionals to conduct recurring and ad-hoc compliance monitoring procedures, including forensic testing.
Partners with external parties such as independent auditors or outside counsel to coordinate Compliance Program testing.
Uses industry knowledge and judgment to research and escalate matters identified.
Develops remediation plans to address issues or concerns identified and monitors to completion.
Reports findings to supervisor and/or senior management and preparing periodic status reports or presentations on the monitoring activities and results.
Partners with the compliance training team to identify, develop and/or deliver general or targeted training and education as Compliance Program needs require.
Coordinates Compliance Department reporting to various committees, boards and Sun Life; works with assigned Compliance personnel and impacted business units to respond to committee, board and Sun Life requests; prepares and/or reviews initial drafts of reports as required.
Supports Client Services by preparing responses to client compliance related requests (ad hoc and recurring). Involves appropriate subject matter experts and coordinates Compliance Officer review and signature when required.
Research, recommend and participate in the implementation of business process improvement and technology solutions to enhance compliance processes.
Maintains or assists to maintain or enhance other compliance programs as required (e.g., conflicts, records, privacy, etc.).
Bachelor's Degree or equivalent work experience. Must have at least 8 years work experience in investment management, financial services or industry-related compliance experience. Strong working knowledge of investment management operations and advisory functions is required as is expert knowledge of subject area within scope of position. Significant prior exposure to investment management operations and its related rules and regulations is required as is significant direct experience in a compliance-related function.
Must be fully aware of industry practices, as well as evolving issues within scope of the position, and be able to relate same to MFS' operations and practices.
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.
Proven ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional teams throughout the organization. Demonstrated ability to work effectively with outside parties at all organizational levels.
Experience in working for or with a regulator is preferred.
Proven analytical skills. Make independent decisions, develop creative solutions to problems, advocate for same and manage implementation through to acceptance.
Assume ownership for the delivery of projects while also operating successfully in a cross-functional, often international, team environment.
Must effectively drive solutions throughout the organization and present ideas in an effective, non-confrontational manner. Escalate issues and advocate for solutions.
Strong presentation skills are required. Must be able to present comfortably before small to mid-size groups (10 to 40).
Within the scope of the function, experience with reviewing, evaluating, designing and implementing key compliance functions, including risk-based monitoring programs, user manuals and personnel training is required.
Represent MFS at meetings, conferences or related industry events. Participate directly with auditors and regulators during examinations.
Demonstrated project management skills and the ability to analyze operational effectiveness are required.
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. SharePoint experience is preferred. Must be able to conduct on-line research and to utilize applicable tools.
Able to work overtime as necessary to keep current with work.
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 firstname.lastname@example.org for assistance.
MFS is an Affirmative Action and 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. " Click here to view the 'EEO is the Law' poster and supplement ."
Internal Number: 6236902
About MFS Investment Management
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