Location: Boston,MA, USA
About the Role
Loomis Sayles has implemented the Charles River Compliance System ( CRD ) to automate its compliance with its clients' guidelines and restrictions. This is an extremely important area within the organization, and it is a capability that differentiates Loomis Sayles from many of our competitors.
The Assistant Portfolio Compliance Manager will be an integral part of the legal and compliance department, primarily responsible for coding, monitoring and maintaining client investment guidelines for Loomis Sayles client accounts in the Charles River Compliance System ( CRD ) and working with investment professionals to resolve guideline exceptions. Additional responsibilities include reviewing responses to alerts addressed by the Compliance Specialists, confirming accuracy of certain inputs for new accounts and reviewing the guideline coding of existing accounts in CRD. The Assistant Portfolio Compliance Manager must be familiar with analyzing new client guidelines and amendments thereto and ensuring the accuracy and timeliness of rule coding in CRD. The Assistant Portfolio Compliance Manager must be very familiar with all fixed income and equity instruments, and complex securities and derivatives.
About the Team
Loomis Sayles has established a Guideline Compliance Team within its Legal and Compliance Department whose primary responsibility is to code client guidelines in CRD and to monitor the Portfolio Managers' compliance with the guidelines that have been coded in the system. The team is primarily located in Boston with a few employees located in offshore offices.
Job Responsibilities
* Comment on new and amended proposed guidelines during the Client Intake process
* Code new and amended guidelines in CRD
* Validation of guideline coding in CRD
* Review responses to CRD Alerts addressed by the Compliance Specialists
* Work with members of the investment teams (Portfolio Managers, Portfolio Specialists, and/or Client Service Representatives) to cure guideline issues in a manner consistent with Loomis' fiduciary duty to its clients
* Work closely with Portfolio Managers and Client Service Representatives to seek guideline clarifications, amendments, and waivers from clients as necessary
* Complete New Account Checklists to review the set-up of new accounts, and other checklists as necessary
* Review the coding of existing accounts for accuracy and escalate any issues to Compliance Managers and/or Compliance Directors
* Ad hoc compliance projects as necessary
Qualifications & Education Requirements
* Bachelor's degree in a business-related field. MBA preferred.
* At least 6-8 years investment adviser guideline compliance experience is required
* Must have ability to work both independently and in a team environment to work effectively with other members of the Legal and Compliance Department and other departments within Loomis Sayles
* Extensive rule coding knowledge of CRD is required
* Strong knowledge of fixed income securities, equities and derivatives is required
* Must have exceptional follow up skills to ensure guideline issues are resolved in a timely manner to reduce Loomis Sayles' market risk
* Must have good judgment in knowing when to raise issues to the Directors of Portfolio Compliance
* Must have ability to prioritize work in order to efficiently meet all deadlines
* Knowledge of the Investment Company Act of 1940 and the Investment Advisers Act of 1940 is required
* Strong computer skills, including competence with Excel and Word
* Strong knowledge of equity and fixed-income securities, prior experience with derivatives
* Demonstrated analytical ability
Loomis Sayles Benefit Overview