Summary:
The Vice President - Managed Investments and Fund Compliance leads the Managed Investments and Fund Compliance Division of Enterprise Compliance and is responsible for leading the development, implementation, administration, testing and enforcement of the separate compliance programs to manage the regulatory risks of:
- Northwestern Mutual Investment Management Company, LLC (Northwestern Mutual's registered investment adviser responsible for managing the general account and certain other affiliated assets, the Northwestern Mutual Foundation, and third-party capital private investment funds and CLOs);
- Northwestern Mutual Series Fund, Inc. (Northwestern Mutual's proprietary mutual fund family and only available as investment options within Northwestern Mutual's variable products); and
- Mason Street Advisors, LLC (Northwestern Mutual's registered investment adviser managing the Series Fund and the Column Funds, each a series of an unaffiliated multi-series trust, and which are only offered within Northwestern Mutual's retail advisory programs).
This position serves as the chief compliance officer for the three entities noted above and reports to Northwestern Mutual's Vice President - Enterprise Compliance and Compliance Programs Team Lead, as well as the boards of directors of each of these entities. The position works closely with senior management of Northwestern Mutual and each of these entities to establish the compliance strategy and develop and implement risk-based compliance programs reasonably designed to ensure compliance with applicable laws and regulations. The position works closely with Northwestern Mutual's Law Department.
Primary Duties & Responsibilities
- Develop, implement, and maintain the entities' compliance programs to ensure adherence to regulatory requirements and internal policies.
- Monitor and assess regulatory developments and best practices, partnering with management and support teams to evaluate their impact on the business and ensure timely implementation of regulatory changes.
- Identify, assess, and mitigate compliance risks across the entities, fostering effective risk management practices.
- Strengthen the risk and compliance culture across the organization, ensuring alignment with the three lines of defense model.
- Collaborate with business units (first line of defense) to integrate compliance controls into daily operations and ensure effective advisory, oversight, and challenge of operational activities.
- Collaborate with risk management and other risk oversight functions (second line of defense) to ensure integrated compliance and risk management efforts.
- Support internal audit (third line of defense) by providing necessary documentation and insights for independent assessments of the compliance program.
- Conduct regular reviews, testing, and surveillance to monitor compliance with policies and procedures.
- Provide ongoing training and guidance to employees on compliance-related matters, enhancing regulatory awareness and fostering a strong culture of compliance.
- In partnership with the enterprise regulatory response team and the Law Department, support regulatory examinations and other inquiries by engaging with, and responding to, regulators to ensure timely and accurate responses.
- Lead the evaluation of compliance violations, collaborating with applicable business and support teams to implement corrective actions and prevent recurrence.
- Design, maintain, and periodically assess written policies and procedures to comply with applicable laws, regulations, to address risk and ascertain operational effectiveness.
- Prepare and present regular reports to senior management and entity boards on the status of the compliance program, including emerging risks, regulatory changes, and operational effectiveness.
- Develop and maintain a compliance oversight program for sub-advisors and other key service providers, evaluating the design and effectiveness of their compliance programs.
As a divisional leader, this position is responsible for managing a team to achieve company and department goals, supporting team development, and executing divisional responsibilities. Key duties include setting clear objectives, providing feedback, fostering a collaborative work environment, coordinating tasks, setting priorities and allocating resources, and ensuring team members have the necessary support. The role also involves monitoring performance, addressing conflicts, and implementing continuous improvement strategies to build a motivated, high-performing team that consistently meets or exceeds expectations.
QUALIFICATIONS:
- 10+ years of relevant securities related legal, compliance or regulatory experience.
- JD, MBA, or CFA preferred.
- Self-motivated with the ability to work both independently and through others.
- Ability to effectively lead and influence teams.
- Must excel at collaboration, partnership and relationship building.
- Highly analytical with strong critical thinking skills and ability to provide compliance guidance that balances relevant regulatory requirements, risk mitigation and business objectives.
- Strong attention to detail and ability to spot relevant issues and solve problems through a practical business lens.
- Exceptional oral and written communication and presentation skills.
Compensation Range:
Pay Range - Start:
$187,320.00
Pay Range - End:
$347,880.00
Geographic Specific Pay Structure:
240 - Structure 110: 206,080.00 USD - 382,720.00 USD 240 - Structure 115: 215,390.00 USD - 400,010.00 USD
We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
FIND YOUR FUTURE
We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.
- Flexible work schedules
- Concierge service
- Comprehensive benefits
- Employee resource groups
PandoLogic. Category:Marketing & Biz Dev,
