What are the responsibilities and job description for the Compliance Analyst position at Allspring Global Investments?
COMPANY
Allspring is a leading asset management firm with close to $600 billion of assets under management, 24 offices globally, and specialized investment teams supported by more than 480 investment professionals. Allspring and our investment teams provide a broad range of differentiated products and solutions to help our diverse range of clients meet their investment objectives. We leverage the diversity of people, ideas, and skills to help our clients pursue their financial goals.
With a rich and established history in the asset management industry, Allspring is now a "start-up at scale" having spun off from Wells Fargo and acquired by GTCR and Reverence Capital Partners in November 2021. The new name, Allspring Global Investments, reflects our commitment to renewal, growth, and meaningful client outcomes. With decades of trusted expertise propelling us forward, we're a company staying true to our core investment roots while reinventing ourselves to offer today's investors a fresh perspective.
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POSITION
We are looking for a Compliance Associate that will be an integral part of the Allspring Funds Management & Galliard (AFMG) Compliance Team. The Associate will primarily support the Compliance program functions for Galliard Capital Management but will also have broader Team responsibilities. The role includes partnering with various partners around the globe - including but not limited to client relationship managers, investment teams, compliance officers, attorneys, auditors, and third-party organizations. The Compliance Associate will provide oversight and challenge to business compliance activities and will execute certain activities to assure compliance with significant regulatory requirements (i.e., SEC, ERISA, etc.) as well as firm policies.
RESPONSIBILITIES
- Develop strong relationships with key business and risk partners, while providing appropriate and timely responses to client inquiries, questionnaires, and reports
- Ensure Compliance related responses continue to be reviewed, validated, and current
- Maintain an understanding of Allspring's and Galliard's business operations and regulatory guidance/expectations
- Test, draft, and provide advice and guidance on policies & procedures, as well as regulations
- Monitor and report on trade activity
- Assist with responding to regulatory inquiries
- Review and respond to requests for proposals
- Support key business and other initiatives
- Work effectively with Compliance and business line subject matter experts to implement and maintain compliance program activities
- Communicate, escalate, address and validate issues identified during compliance program reviews.
- Partner with Business and support functions within Allspring to enhance and develop compliance controls
- Lead and manage projects with minimal supervision related to new products, regulations, or procedures for the Compliance team
- Exercise effective communication and promote positive relationships with business team members and management
- Ensure that effective controls are in place to meet federal laws and regulations and provide training, advice and education on how to comply with regulatory requirements and to monitor such compliance
- Perform other duties as assigned.
REQUIRED QUALIFICATIONS
- Generally 3 years of experience in asset management risk function (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, business process management) or 5 years of financial services industry experience
- BS/BA degree or higher
- Excellent verbal, written, and interpersonal communication skills
- Demonstrates ability to interpret client investment agreements, legal documents, policies & procedures, and regulatory guidelines (e.g. SEC, ERISA, Investment Adviser/Company Act, and other laws as applicable)
- Strong analytical skills with high attention to detail and accuracy
- Strong oral/written communication and interpersonal skills; able to effectively interact with senior management, investment personnel, and clients
- Ability to identify and manage various conflicts of interest
- Ability to work independently or in collaboration with others in a fast-paced deadline driven environment
- Highly motivated self-starter able to be successful in a working environment that requires flexibility and independence with ambiguous situations and constant change to achieve desired outcome/objectives
- Demonstrates ability to evaluate complex programs and initiatives and provide credible challenge to opportunities and concerns
- Demonstrates experience with issue resolution including root cause analysis, mitigation plans and remediation activities
- Pragmatic problem-solver, forward thinker
PREFERRED QUALIFICATIONS
- Stable value investment management experience
- Asset management compliance experience
- ERISA compliance experience
- Investment Operations experience
- Bloomberg experience
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
