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Investment Compliance Associate

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Summary

The Investment Compliance Consultant is a member of Northwestern Mutual’s compliance team supporting the company’s institutional managed investments function and registered investment adviser subsidiaries and the registered mutual fund and unregistered funds business lines. Northwestern Mutual currently has two fulltime positions available. The positions report to the chief compliance officer and support the development and administration of all aspects of the regulatory compliance programs as assigned, including compliance policies and procedures, portfolio compliance, compliance training, testing and risk management, vendor due diligence and oversight, violations management, regulatory filings and reporting. While each position will be primarily assigned support either the registered mutual fund program or unregistered fund programs and their respective registered investment advisers and sub-advisers, each may also be involve assignments in support of other compliance programs and other department and team compliance responsibilities, as needed. The individuals in these roles must be able to critically review and consider the overall design and purpose of the compliance programs and assist in the identification and design of program enhancements. The position also involves general support of the daily operations of the compliance team.

Primary Duties & Responsibilities

  • Assist in all aspects of the administration of Rule 206(4)-7 and Rule 38a-1 compliance programs, as needed.
  • Support the periodic distribution and review of compliance policies and procedures.
  • Prepare compliance reports and related materials for boards and committees.
  • Serve as compliance staff on various governance committees and working groups.   
  • Assist in the preparation of regulatory filings, including but not limited to Forms ADV, PF, D, N-1A, N-PX and others.   
  • Assist in core compliance monitoring practices, including account guidelines monitoring, compliance with regulatory rules and exemptions and electronic communications monitoring.    
  • Coordinate and assess compliance related reports and other information from internal and external sources with the overall design and purpose of the compliance program in mind and assist in the identification and design of program enhancements as a result.  
  • Interact with key stakeholders to provide compliance support, including portfolio management and other business partners, investment operations, administration, accounting, legal, and internal audit.
  • Support the design and administration of compliance testing programs, including the transactional testing environment within the portfolio compliance system and the forensic testing schedule.
  • Assist in the preparation and review of regulatory disclosures, marketing and advertising materials, and responses to investor and other due diligence requests.
  • Support compliance oversight of sub-advisers and other service providers, including frequent communication with compliance staff, distribution and review of annual and quarterly questionnaires, participation in virtual and on-site (as practicable) due diligence calls, and documentation of findings.
  • Support the administration of the code of ethics and personal trading policies, including training, addressing inquiries, managing periodic certifications, brokerage statement reviews, violations reporting, and preparation and review of statistical trend reporting. 
  • Administrative support of compliance team daily operations, including preparation and maintenance of internal compliance calendars and timelines, working group agendas, statistical reports and other administrative tasks and projects, as needed. 
  • Participate in various compliance group projects and initiatives.
  • Continuously enhance internal processes, project workflows and other procedures
  • Other compliance-related duties as assigned.

Knowledge, skills, & abilities

  • Minimum of 6 years professional experience, preferably with regulatory background in compliance, legal, audit or risk management.
  • Demonstrated competency with compliance, reporting, and data systems and tools (e.g., Bloomberg, FIS Employee Compliance Manager, Portfolio Tracker, Micro Focus, truView, etc.).
  • Highly proficient with Microsoft Office products: Word, Excel, Access, Power BI, and PowerPoint
  • Self-motivated with the ability to work both independently and in a team environment is also required.
  • Ability to balance multiple tasks and effectively manage completing and changing priorities and deadlines.  
  • Ability to build consensus around compliance related policies, decisions and diplomacy.
  • Demonstrated attention to detail.
  • Seeks opportunities to learn and volunteers for and shows initiative on tasks and projects. 
  • Excellent organizational, problem-solving, decision-making and time management skills.
  • Excellent written and verbal communication skills.
  • High level of integrity.     

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W e are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

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