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Job Description The Trading Compliance Sr. Manager is responsible for verifying that MFS' global trading activities comply with applicable laws, rules and regulations, and reflect industry best practices. Responsibilities include developing policies and procedures for trading and trade operations (i.e., cross trading, trade aggregation and allocation, best execution, broker/venue selection, commission arrangements, soft dollars, trade error identification/resolution, ratings changes, trade and transaction reporting, and derivatives trading compliance). In addition, you will monitor adherence to those policies and procedures, educate relevant personal on their requirements and report on their successful implementation to senior management and MFS' boards of directors and trustees.
Ensure that MFS establishes, maintains and implements compliance policies and procedures, as well as a monitoring program, appropriate to MFS' fixed income and equity trading activities and reflective of industry best practices, regulatory requirements/expectations, and emerging regulatory risk.
Keep current with new global regulatory requirements and ensure communication of best practices/new rules to appropriate staff within MFS.
Set priorities, in conjunction with the Chief Compliance Officer, for compliance initiatives, programs and actions, etc. Ensure that these priorities are incorporated into global compliance programs.
With the global Compliance Education personnel, advise, direct and develop education curricula for MFS' trading personnel based on MFS' needs, and develop, refine and deliver suitable content.
Develop and maintain effective relationships with business partners, industry peers, trade associations. Interact and communicate frequently with senior management across MFS to understand business needs and opportunities, to assess and articulate regulatory risks associated with existing and/or new trading activities, and to provide a framework to enable well informed business decisions relative to regulatory risks. Determine an effective approach so as to ensure the early involvement of Compliance in the development/modification of MFS' trading activities.
Manage areas of responsibility in line with MFS' financial plan goals and objectives. Continually seek and implement new opportunities for improvement and enhancement.
Assume additional responsibilities as needed.
Bachelor's Degree or equivalent work experience. Must have at least 10 years work related experience. Strong working knowledge of fixed income and equity investment trading functions (buy side or sell side) is required. Significant prior exposure to investment management operations and related rules and regulations is required, as is significant direct experience in a compliance-related function.
Excellent interpersonal, organizational, communication, team-working and problem-solving skills. Must be able to write effectively, and present research, analysis and conclusions in a persuasive manner. Must be polished, professional, mature, well-mannered and well-spoken.
Experience with MiFID II is a plus.
Proven ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional teams throughout the organization. Demonstrated ability to effectively represent Compliance with industry peers and in client-facing situations is required.
Proven analytical skills. Make independent decisions, develop creative solutions to problems, advocate for same and manage the implementation through to acceptance.
Able to manage the delivery of projects while ensuring the cooperation and success of cross-functional teams, with both domestic and international team members. Must effectively drive solutions throughout the organization and present ideas in an effective, non-confrontational manner. Escalate issues, advocate for solutions and ensure implementation of same.
Thorough understanding of the business operations and practices, procedures and controls specific to the business units supported is required as is the ability to apply same to compliance-related dealings with the business units supported. Must be fully aware of best practices and evolving issues within scope of the position and able to relate same to MFS' operations and practices.
Excellent presentation skills are required. Must be able to present comfortably before groups and to educate and persuade audience during these presentations.
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. May appear before regulators as an advocate of MFS' position. Participate directly with regulators during examinations.
Demonstrated project management skills and the ability to analyze operational effectiveness are required. Must have the ability to exercise judgment, pursue initiatives and implement changes necessary to align functional area with the strategic/long-term goals of the Compliance Department.
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.
Able to work outside of normal 8:00 to 5:00 work hours given the global nature of MFS' business
Able to work overtime as necessary to keep current with work.
Some periodic travel, domestic and international, may be required.
Proficiency in another language is a plus and an advanced degree is desirable.
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: 6524295
About MFS Investment Management
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