Chief Compliance Officer - Wilmington Funds

Overview

The Chief Compliance Officer (CCO) of the Wilmington Funds will be responsible for overseeing and administering its compliance program in accordance with Rule 38a-1 under the Investment Company Act of 1940, as promulgated by the Securities and Exchange Commission (SEC). The CCO will be responsible for ensuring that the funds maintain effective policies and procedures reasonably designed to prevent violation of federal securities laws and to promote a culture of ethical conduct and regulatory compliance throughout the organization. The CCO will report directly to the Board of Trustees/ Directors of the Wilmington Funds Family and work collaboratively with senior management of Wilmington Trust, fund counsel, and third-party service providers.

Primary Responsibilities

• Compliance Program Development and Oversight: Design, implement, and maintain a comprehensive written compliance program for the Wilmington Funds Family, including policies and procedures reasonably designed to prevent violation of applicable federal securities laws.
• Annual Review: Conduct and document an annual review of the adequacy and effectiveness of the compliance program, including an evaluation of how policies and procedures are implemented and followed as required by Rule 38a-1.
• Board Reporting: Prepare and present regular reports to the Board of Trustees/Directors regarding the compliance program’s effectiveness and any significant compliance issues, as required by Rule 38a-1.
• Service Provider Oversight: Oversee and monitor compliance programs of the funds’ service providers, including conducting site visits (on-site or virtually) to observe the compliance programs in place (e.g., investment advisers, administrators, transfer agents, and principal underwriters), ensuring their policies and procedures are reasonably designed to prevent violation of federal securities laws.
• Incident Investigation and Remediation: Lead investigations into compliance violations or potential breaches, recommend and implement corrective actions, and communicate findings to relevant stakeholders.
• Staff Training and Culture Building: Develop and deliver ongoing compliance training for fund personnel and promote a strong culture of compliance and ethical conduct.
• Regulatory Liaison: Serve as the primary contact for regulatory examinations and inquiries, including communications with the SEC and other regulatory bodies.
• Recordkeeping: Ensure proper maintenance of all compliance-related documentation, including policies, procedures, annual reviews, and Board reports as required for regulatory purposes.
• Policy Updates: Stay abreast of changes to federal securities laws and SEC regulations; update compliance policies and procedures as necessary to ensure ongoing adherence.
• Engage other Risk Departments, Compliance, Internal Audit, Legal and/or Regulatory Affairs regarding identified or potential risks.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
  
  

Scope Of Responsibilities

The position works under minimal to limited supervision of the Institutional Services and Wealth Management First Line of Defense and is required to exercise independent judgment, discretion, and decision-making.

This position has substantial contact with the Wilmington Fund’s Board of Trustees, fund counsel, third-party service providers, internal departments and positions within M&T Bank Corporation and its subsidiaries, including members of senior and executive management.

This position is required to establish and maintain ongoing and effective working relationships with external contacts including, but not limited to, regulators, attorneys, vendors, and peers at other institutions.

Supervisory/Managerial Responsibilities

Direct supervision of compliance advisors, as necessary

Education And Experience Required

• Bachelor’s degree in law, finance, business, or a related field; or equivalent experience and a minimum of 3 years of experience as a CCO or 11 years of equivalent experience in compliance, risk, legal, asset management or regulatory roles within the mutual fund or investment management industry. Or in lieu of a degree, a combined minimum of 15-year higher education and / or work experience, including a minimum of 11-year relevant work experience.
• Thorough knowledge of the Investment Company Act of 1940, SEC Rule 38a-1, and other relevant federal securities laws and regulations.
• Demonstrated ability to design, implement, and oversee effective compliance programs.
• Strong analytical, investigative, and problem-solving skills.
• Excellent interpersonal, communication, and presentation skills; ability to interact effectively with senior management, the Board, regulators, and service providers.
• High ethical standards and a commitment to maintaining confidentiality and integrity.
  
  

#Wilmingtontrust

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M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $141,800.00 - $236,400.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Wilmington, Delaware, United States of America