The Compliance Manager reports to the Chief Compliance Officer (CCO) for Invesco's private capital and real estate entities. These entities provide advisory services to credit, venture, fund-of-fund and private equity products, including private funds and institutional separate accounts. In working alongside the CCO, the role will be primarily responsible for design and implementation of the overall compliance program with an aim toward those advisers' activities satisfying all pertinent legal, regulatory, and policy requirements. Specific responsibilities include, but are not limited to: reviewing and maintaining compliance policies & procedures; working with internal & external legal staff to resolve compliance issues and review third party disclosures about IRE's products (offering documents, RFPs, regulatory disclosures, etc.); working with investment and sales staff regarding product development, investor matters and end-of-life product issues; and managing, executing on and updating the monitoring and testing program. Will review and interpret Federal Securities laws, coordinate cross-border compliance matters from time to time, and monitor day to day implementation of policies and procedures. Responsible for reviewing potential conflicts within the firm and liaising with the investment staff to resolve any real, or perceived conflicts of interest. Conduct training on various compliance topics and hold meetings where required. This position will be in New York City. Key Responsibilities / Duties :
Design, implement, and monitor programs, policies, and practices for compliance with regulatory and policy requirements by the relevant business areas.
Reports on a regular basis to the CCO and business senior management on the progress of implementation and assists those teams in practically implementing the compliance program.
Partner with the CCO to periodically revise the program considering changes in the needs of the organization, including the broader IPM platform, and in the law and policies and procedures surrounding RIAs and alternatives firms.
Develop, coordinate, and participate in a multifaceted educational and training program that focuses on the elements of the compliance program.
Train and educate all relevant employees and management on pertinent regulatory and policy standards.
Coordinate internal risk assessment, monitoring and testing program and works with business partners to address findings and observations.
Supports the CCO on regulatory and investor inquiries.
Independently investigate and act on matters related to compliance (e.g. responding to reports of problems or suspected violations) and coordinate any resulting corrective actions.
Liaise with Invesco Ltd.'s internal audit department to identify potential controls to audit and assist that team in their review efforts, as needed.
Undertake special compliance-related projects assigned by the Chief Compliance Officer and other senior compliance personnel.
Work Experience / Knowledge:
Minimum 5 years of Financial Services Industry Experience required with three years of direct investment adviser compliance experience.
Experience with alternatives products preferred, including credit, fund-of-fund, venture and private equity products.
Compliance experience with the Investment Advisers Act of 1940.
Experience with the regulatory environment (SEC, CFTC/NFA, FINRA, and AIFMD regimes).
Broad knowledge of federal securities laws and regulations.
Familiarity with trading systems and their compliance component such as Everest, Aladdin, or Charles River is a plus.
Skills / Other Personal Attributes Required:
Highly organized with strong attention to detail.
Strong verbal and written communication skills.
Ability to work independently and as part of a team.
Ability to work proficiently in a pressured environment.
Ability to handle confidential information.
Ability to communicate clearly with persons at a wide range of levels on sensitive matters.
Ability to identify and thoroughly investigate reporting discrepancies and determine the appropriate course of action (either resolution or higher-level review).
Expert/proficient in MS Excel, PowerPoint, Word and similar products.
Ability to condense, refine, simplify, and communicate the purpose and significance of internal and external regulations.
Ability to develop operating policies and procedures based on business needs.
Formal Education: (minimum requirement to perform job duties)
BA/BS degree in a related field.
MBA or JD a plus.
Certification in a related field of practice is a plus.
License/Registration/Certification: (minimum requirement to perform job duties)
FINRA Series 7 and 24 licensed candidates a plus.
FLSA (US Only): Exempt
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.
Invesco is a leading global asset management firm with more than $888.2 billion* in assets under management. We provide our retail and institutional clients a diverse and comprehensive range of investment capabilities to help people get more out of life. Invesco is publicly traded on the New York Stock Exchange (IVZ) and has about 7,000 employees in over 20 countries. (*As of December 31, 2018)