What are the responsibilities and job description for the Investment Compliance Manager position at Boston Trust Walden and Careers?
Boston Trust Walden N.A. Overview
Boston Trust Walden National Association is an independent, employee-owned organization that provides investment management services to institutional investors and private wealth clients. The organization manages approximately $16 billion in client assets.
Boston Trust Walden distinguishes itself in several key ways, including:
- stable, diversified business model serving a variety of client types;
- compelling investment philosophy and excellent track record;
- longstanding leadership in ESG impact investing; and
- corporate culture grounded in shared values, as signified by the organization’s tagline, Principled Investing.
Located in the heart of downtown Boston at One Beacon, Boston Trust Walden employs approximately 100 individuals. Our structure as an independent, employee-owned organization enables us to make business decisions that align with clients and employees for long-term success. The organization’s structure and size help cultivate a collegial work environment where employees have ownership of their work, contribute to positive client outcomes, and are rewarded for their efforts.
One of Boston Trust Walden’s strategic priorities is to foster a positive workplace, including a commitment to representation, inclusion, belonging, and excellence. The organization believes this commitment is not only the right thing to do but also a matter of good governance and a critical component of long-term business success. When positive workplace values are infused into the workplace environment, the organization and its employees benefit. We embrace diverse perspectives, backgrounds, and skillsets.
Boston Trust Walden National Association is an Equal Opportunity Employer. We are committed to supporting equal employment opportunity and to promoting a workplace free of discrimination with regard to race, color, religious creed, national origin, genetic information, ancestry, sex, age, sexual orientation, gender identity, gender expression, physical or mental disability, parental status, marital status, veteran/US military status, pregnancy, citizenship status, or other legally protected status.
The organization will make reasonable accommodations in the application process if requested by new job applicants.
Position: Investment Compliance Manager
Boston Trust Walden is seeking an Investment Compliance Manager to join the Risk and Compliance Department. This individual will play a key role in ensuring that investments are consistent with applicable rules, client mandates, and firm standards.
As the Investment Compliance Manager, you will understand the end-to-end context of client portfolio guidelines and rules, working with portfolio managers and client service administrators as appropriate. You will provide subject matter expertise on SEC-related guidance on compliance requirements for 40 Act registered investment advisers and investment companies. This position reports to the Director of Risk Management and will support the development of reports to the Chief Compliance Officer of Boston Trust Walden, Inc.
Key Responsibilities
- Conduct daily review and monitoring of pre- and post-trade and portfolio compliance alerts with respect to regulatory and internal rules and restrictions across all accounts managed by Boston Trust Walden.
- Collaborate with investment managers and client service administrators to resolve alerts in a timely manner.
- Develop an understanding of investment management agreement objectives, guidelines, and styles to facilitate regular reviews and validation.
- Observe investment committee and securities research committee meetings to understand how portfolios are positioned and why.
- Ensure that identified errors or compliance exceptions to regulatory or policy requirements receive appropriate corrective action.
- Respond to audit, regulatory, and examination requests.
- Develop and provide training on compliance requirements.
- Maintain current procedures for key activities.
- Escalate issues as appropriate to key stakeholders.
- Other projects and duties as assigned.
Education and Experience
- 8 years of experience in investment management or financial services.
- Demonstrated experience monitoring investment guidelines, working in an investment compliance role, and understanding regulatory requirements.
- Strong understanding of the Investment Advisers Act of 1940, the Investment Company Act of 1940, and related SEC regulations; general banking knowledge including OCC 12 CFR Part 9 and related OCC regulations; and other relevant investment and bank compliance requirements.
- Demonstrated experience with investment management platforms and compliance systems, such as Charles River IMS, Aladdin, CWAN, et. al.
- General interest in and knowledge of securities industry across various investment vehicles and asset classes.
- Experience conducting investment adviser marketing reviews and best execution trading blotter reviews.
- Knowledge of GIPS® a plus.
- Proven ability to support compliance programs and regulatory reviews, including comfort speaking with regulators and auditors.
- Strong communicator with excellent organizational skills and the ability to manage multiple priorities.
- Comfortable working independently and cross-functionally.
- Understanding and familiarity with CRM databases, such as Salesforce.
- Must be proficient with the use of the Microsoft Office suite of products.
- Excellent problem solving and analytical skills and intellectual curiosity.
Salary Range:
$96,000 - $133,000 USD annually.
This range considers the wide range of factors that are considered when making compensation decisions, including, but not limited to, skill sets, roles, experience, certifications, and education.
Base salary is only one component of Boston Trust Walden’s compensation; our discretionary bonus and profit-sharing plan add to our total compensation package. Boston Trust Walden is proud to offer a competitive benefits package including 90% Employer-Funded Medical, 50% funded Dental, and Vision benefits, Paid Holidays, Sick Time, Volunteer Time, and Parental Leave. We also offer additional benefits, such as Tuition Reimbursement, a Commuter Subsidy, Employer-Contributed HSA, Employee Assistance Program, and Life and Disability Insurance.
This is a full-time position based in Boston, MA. Boston Trust Walden is currently operating in a hybrid manner with a mix of in-office and remote work. New hires are expected to be onsite 4 days per week for the first 3 months and then 3 days per week thereafter.
Salary : $96,000 - $133,000