Western & Southern Financial Group

Compliance Officer, Inves/Risk

Job Locations US-OH-CINCINNATI
ID
2021-15262
Category
Compliance & Legal
Type
Full Time

Overview

Summary of Responsibilities:

The Compliance Officer -Investments/Risk Management is an experienced sole contributor that assists the Chief Compliance Officer (CCO) in the management of compliance processes in support of Fort Washington Investment Advisors, Inc. (FWIA).  Provides compliance oversight, regulatory guidance instituting effective governance and risk management practices.  Partners with (CCO) and Senior Management in the development and application of strategic vision for the culture of compliance for a SEC registered investment adviser.  The Compliance Officer-Investments/Risk Management is responsible for assisting the (CCO) in maintaining regulatory, risk, and governance oversight by analyzing, and establishing internal controls.  The  Compliance Officer-Investments/Risk Management owns and leads compliance program activities, including oversight of business requirements and internal controls for Fort Washington’s primary lines of business, liaising with senior management and departmental management, supervising the conduct of needs analysis’ and coordinating the reviews of client and vendor agreements, policies and procedures, and complaints.  In support of the (CCO), the Compliance Officer-Investments/Risk Management manages business risks by coordinating and leading compliance projects and monitoring of compliance and regulatory governance requirements.  The primary focus of this position is to ensure compliance-related investment and quality assurance processes are managed and regulatory and client risks are sufficiently mitigated in a timely manner.  The Compliance Officer-Investments/Risk Management assists in the management of compliance oversight related to client's investment policy statements including social and environmental responsible investing and remediates areas of non-compliance.  The Compliance Officer-Investments/Risk Management collaborates with the (CCO) in attending and supporting various governance oversight committees, manages multiple deadlines, responds to requests from regulators, responds to moderately complex compliance questions, leads project teams, and works in a semi-autonomous fashion with limited daily supervision, making a broad range of critical decisions.  The Compliance Officer-Investments/Risk Management additionally manages the preparation of reports or other actions requested by the parent entity, Western & Southern Financial Group (W&SFG), for presentation to Fort Washington's Board of Directors.

 

Responsibilities

Position Responsibilities:

  • Owns moderately difficult projects, utilizing multiple resources to successfully complete tasks.
  • Collaborates in the establishment of strategic vision and goal setting.  Independently identifies and leads projects, coordinating and successfully completing multiple assignments simultaneously.  Interacts with internal committees and regulators in accomplishing tasks.
  • Actively participates in establishing goals and expectations for team assignments.  Participates in determining deliverables, identifying action items and effectively prioritizing projects.  Exerts influence within team on all assignments.
  • Institutes compliance rules on trading systems based on client investment restrictions/objectives.
  • Conducts trading and client invement policy surveillance on a regular basis.
  • Provides email review oversight, escalating to Manager when issues are discovered.
  • Establishes and provides on-going compliance training.
  • Completes regulatory filings to help ensure compliance with regulatory requirements.
  • Reviews employee, rep/adviser, private funds, and client account activity to identify compliance issues.
  • Advises Compliance management of compliance issues and recommends corrective actions.  Confirms facts and provides deliverables and resolution of issues with middle management.
  • Reviews new products and marketing, advertising, and communications materials to ensure compliance with regulatory requirements.
  • Responds to requests for information from regulators.
  • Responds to moderately complex compliance questions.
  • Performs other tasks as assigned.

Qualifications

Selection Criteria:

  • Typically possess five to eight years of relevant experience.
  • Demonstrated high degree of experience in leading project teams, conducting risk assessments, needs analysis, auditing, and investigative activities.
  • Proven high degree of knowledge of SEC, and state securities rules and regulations, to include researching and interpreting regulations and how they apply to supported business channels.
  • Demonstrated high degree of knowledge of investment products/securities.
  • Proven high degree of surveillance and compliance monitoring activities.
  • Demonstrated high degree of experience in developing regulatory reports.
  • Proven ability to work under pressure and meet deadlines in a fast-paced, demanding environment.
  • Demonstrated ability to organize, prioritize, manage and lead multiple projects simultaneously and within prescribed deadlines.
  • Proven excellent verbal and written communication skills with ability to convey information to internal and external customers in a clear, focused and concise manner.
  • Demonstrated experience in conducting reviews of compliance certifications, agreements and regulatory procedural documents to determine gaps and opportunities for improvement.
  • Proven ability to develop, conduct, and lead compliance training and audits, to include developing post training/audit reports for senior management review.
  • Demonstrated ability to effectively interact and communicate with all levels of staff and management.
  • Proven experience working independently.  Experience must include identifying and resolving problems where independent decision-making and initiative were demonstrated.
  • Demonstrated strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective solutions.

Work Setting:

  • Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
  • Requires visual acuity to read a variety of correspondence, reports and forms, and to prepare and analyze data in an accurate, neat and thorough manner.

Educational Requirements:

  • Bachelor’s degree.
  • Advanced degree such as M.A., M.S., MBA, or J.D. preferred.

Computer Skills and Knowledge of Hardware & Software Required:

  • Proficiency utilizing word processing, spreadsheet, database, presentation software and email applications.

Certifications & Licenses (i.e., Series 6 & 63, CPA, etc.):

  • Two or more of the following advanced certifications preferred: CPA, CRCP, IACCP, CFA Investment Foundations Program, CSCP, CFE, CFA, CAMS; or may be required to obtain in 6-18 months depending on complexity of coursework.
  • FINRA and other registration requirements as required based on function.

Position Demands:

  • Be available for travel, up to 10% to conduct audits or due diligence engagements.
  • Extended hours required during peak workloads and special projects.

 

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