What are the responsibilities and job description for the Compliance Associate - Global Due Diligence position at SEI1GLOBAL?
SEI is a leading global provider of investment processing, investment management, and investment operations solutions. Our mission is to build brave futures for our clients, communities, and ourselves. We value collaboration, creativity, and the courage to unlock opportunities that help us realize our fullest potential. We take pride in caring for our employees and clients, understanding the importance of integrating work and life to achieve fulfillment.
The SEI Global Due Diligence Team is responsible for overseeing the compliance programs of third-party advisors and sub-advisors who manage SEI's investment products. These products include mutual funds, collective investment trusts (CITs), ETFs, managed accounts, and funds in other regions like Ireland and Canada. The Team ensures these advisors follow the necessary compliance rules and regulations, and they work with over 270 third-party advisors and sub-advisors who manage these investments.
The Team is dedicated to constantly improving how we do things, from strengthening our due diligence processes to increasing efficiency and improving reporting. We’re looking for a motivated and results-driven compliance professional to help with these efforts and actively contribute to our ongoing improvements. This position will be based in Oaks, PA.
What you will do:
Perform compliance and operational due diligence reviews on SEI’s sub-advisor and third-party advisor relationships. Due diligence activities include assessment of risks associated with governance, compliance, cybersecurity, business resiliency, portfolio operations and trading.
Document findings with a clear and concise summary of potential concerns and observations and work collaboratively with stakeholders to communicate risk items to ensure matters are rectified timely and in the best interest of shareholders.
Oversee the upkeep and accuracy of advisor and product information on the due diligence system.
Foster strong working relationship with external advisors as well as with internal units within SEI by communicating and coordinating information in a timely and effective manner.
Proactively gather, manage, and analyze data from multiple internal and external sources and coordinate data entry
Prepare external and internal reports for use and reliance across multiple business entities, including the use of data visualization.
Assist with the administration of the technology systems utilized by the Team
Support the Chief Compliance Officers and their respective compliance teams with their due diligence and reporting requirements through ongoing collaboration
Keep abreast of changes to laws and regulations affecting the products in multiple jurisdictions including the U.S., Ireland and Canada
Contribute to the continual improvement and development of team procedures
This position may require travel, for approximately 1-3 days each month, primarily in the U.S., to visit with and conduct due diligence on investment advisory firms or other service providers to SEI’s investment complex. Many of these firms are top-tier organizations, providing the Compliance Associate exposure to industry best practices from leading experts in investment management.
What we need from you:
Ability to manage and plan for multiple deadlines across competing priorities
Strong written and verbal communication skills, with the ability to determine what needs escalation vs. resolution on your own
Strong research, analysis, and critical thinking skills
Ability to understand complex issues and assess risks
Initiative and a passion for embracing challenges, including implementing innovative technology solutions
Professionalism and comfort interacting with C-level executives
Knowledge of the investment advisory industry
Differentiators:
Experience or familiarity with one or more of the following areas:
Rule 38a-1 under the Investment Company Act of 1940
Rule 206(4)-7 under the Investment Advisers Act of 1940
Irish-domiciled UCITS
Canadian Mutual Funds
Collective Investment Trusts
Fund accounting / operations / audit
Internal control assessment
Investment and/or operational due diligence
Familiarity with technology systems utilized for portfolio management, research management, vendor management, project/workflow management, and/or compliance administration
Experience with data analysis and use of data visualization tools (i.e. Tableau, Power BI)
Advanced degrees or professional certifications
Attributes We Value:
Hardworking
Smart
Effective
Solution-Oriented
Team Player
High Integrity/Ethics
Good Communicator/Listener
Sound Judgement
Dedicated to Self-Improvement
Self-Aware
Open-Minded
Thoughtful
Please be aware that SEC Rule 206(4)-5 “Political Contributions by Certain Investment Advisers” (the “Rule”) may place certain restrictions on certain subsidiaries of SEI as a result of your past and future political contributions. Therefore, an offer for this position may be contingent on you providing SEI, a completed questionnaire regarding political contributions made by you and members of your household, and that SEI may reject your application if SEI determines in its sole discretion that the effect of such political contributions under the Rule could have an adverse impact on SEI’s current or prospective business activities and strategies. Any misrepresentation of or omission of any contributions from this information request, will be cause for your rejection or dismissal from employment.
SEI’s competitive advantage:
To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, a hybrid working environment for most roles, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.
Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more.
We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI.
SEI is an Equal Opportunity Employer and so much more…
After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks.
SEI is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
The SEI Global Due Diligence Team is responsible for overseeing the compliance programs of third-party advisors and sub-advisors who manage SEI's investment products. These products include mutual funds, collective investment trusts (CITs), ETFs, managed accounts, and funds in other regions like Ireland and Canada. The Team ensures these advisors follow the necessary compliance rules and regulations, and they work with over 270 third-party advisors and sub-advisors who manage these investments.
The Team is dedicated to constantly improving how we do things, from strengthening our due diligence processes to increasing efficiency and improving reporting. We’re looking for a motivated and results-driven compliance professional to help with these efforts and actively contribute to our ongoing improvements. This position will be based in Oaks, PA.
What you will do:
Perform compliance and operational due diligence reviews on SEI’s sub-advisor and third-party advisor relationships. Due diligence activities include assessment of risks associated with governance, compliance, cybersecurity, business resiliency, portfolio operations and trading.
Document findings with a clear and concise summary of potential concerns and observations and work collaboratively with stakeholders to communicate risk items to ensure matters are rectified timely and in the best interest of shareholders.
Oversee the upkeep and accuracy of advisor and product information on the due diligence system.
Foster strong working relationship with external advisors as well as with internal units within SEI by communicating and coordinating information in a timely and effective manner.
Proactively gather, manage, and analyze data from multiple internal and external sources and coordinate data entry
Prepare external and internal reports for use and reliance across multiple business entities, including the use of data visualization.
Assist with the administration of the technology systems utilized by the Team
Support the Chief Compliance Officers and their respective compliance teams with their due diligence and reporting requirements through ongoing collaboration
Keep abreast of changes to laws and regulations affecting the products in multiple jurisdictions including the U.S., Ireland and Canada
Contribute to the continual improvement and development of team procedures
This position may require travel, for approximately 1-3 days each month, primarily in the U.S., to visit with and conduct due diligence on investment advisory firms or other service providers to SEI’s investment complex. Many of these firms are top-tier organizations, providing the Compliance Associate exposure to industry best practices from leading experts in investment management.
What we need from you:
Ability to manage and plan for multiple deadlines across competing priorities
Strong written and verbal communication skills, with the ability to determine what needs escalation vs. resolution on your own
Strong research, analysis, and critical thinking skills
Ability to understand complex issues and assess risks
Initiative and a passion for embracing challenges, including implementing innovative technology solutions
Professionalism and comfort interacting with C-level executives
Knowledge of the investment advisory industry
Differentiators:
Experience or familiarity with one or more of the following areas:
Rule 38a-1 under the Investment Company Act of 1940
Rule 206(4)-7 under the Investment Advisers Act of 1940
Irish-domiciled UCITS
Canadian Mutual Funds
Collective Investment Trusts
Fund accounting / operations / audit
Internal control assessment
Investment and/or operational due diligence
Familiarity with technology systems utilized for portfolio management, research management, vendor management, project/workflow management, and/or compliance administration
Experience with data analysis and use of data visualization tools (i.e. Tableau, Power BI)
Advanced degrees or professional certifications
Attributes We Value:
Hardworking
Smart
Effective
Solution-Oriented
Team Player
High Integrity/Ethics
Good Communicator/Listener
Sound Judgement
Dedicated to Self-Improvement
Self-Aware
Open-Minded
Thoughtful
Please be aware that SEC Rule 206(4)-5 “Political Contributions by Certain Investment Advisers” (the “Rule”) may place certain restrictions on certain subsidiaries of SEI as a result of your past and future political contributions. Therefore, an offer for this position may be contingent on you providing SEI, a completed questionnaire regarding political contributions made by you and members of your household, and that SEI may reject your application if SEI determines in its sole discretion that the effect of such political contributions under the Rule could have an adverse impact on SEI’s current or prospective business activities and strategies. Any misrepresentation of or omission of any contributions from this information request, will be cause for your rejection or dismissal from employment.
SEI’s competitive advantage:
To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, a hybrid working environment for most roles, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.
Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more.
We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI.
SEI is an Equal Opportunity Employer and so much more…
After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks.
SEI is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
