AVP, Fund Compliance - Mutual Funds

Summary

The AVP, Fund Compliance coordinates daily, monthly, and quarterly compliance workflows, including the implementation, monitoring, and testing of new and existing policies and procedures, as well as the maintenance of regulatory records for Ultimus Fund Solutions (UFS) clients.

Key Accountabilities

• Monitors fund compliance on a daily and monthly basis with consideration of investment details, Prospectus, Statement of Additional Information, and Investment Company Act of 1940.
• Maintains compliance with quarterly and annual requirements of the Internal Revenue Code for qualifications as a regulated investment company.
• Reviews quarterly compliance reporting prepared by compliance associates.
• Reviews investment restrictions detailed in Prospectus and Statement of Additional Information to maintain up-to-date compliance checklists for new fund launches and existing clients.
• Codes newly launched funds into the compliance system and performs ongoing testing of existing client funds functionality on compliance system.
• Ensures compliance testing programs keep pace with market and regulatory evolution.
• Provides advice and training on rules and regulations as it pertains to portfolio compliance under SEC, IRS, and internal regulations to clients and applicable personnel.

Regulatory Reporting

Coordinates efforts with the Financial Administration team for the development of regulatory compliance for reporting to clients, regulatory agencies, Board of Directors, and Financial Officers.

Management and Development

• Assists in the development and maintenance of departmental procedures.

Fund Audit

Maintains, updates, and implements audit controls, as necessary.

Personnel Management

• Manages associates within department including, but not limited to, hiring, training, and developing associates, delegating work assignments, writing, and conducting performance appraisals, salary recommendations, coaching and counseling, and administering corrective actions.
• Conducts one-on-one and team meetings with associates on a regular basis to discuss new procedures, problems, and issues.
• Establishes team and individual goals for department.
• Fosters performance of associates and the processes used by them; holds the associates accountable for their work.

Working Relationships

• Acts as a liaison between UFS and external audit firms and regulatory agencies.
• Mentors associates through instruction, coaching, providing real-time on-the-job experiences, modeling effective practices, and advising on methods used, as well as cross-training amongst departments.
• Contact with Fund Accounting, Financial Administration, Relationship Management, and Legal departments regarding financial compliance activities.
• Contact as needed with regulatory agencies and audit firms regarding general information, resolution of issues and inquiries or reporting requirements.

Education and Experience

• Bachelor’s degree in business administration, finance, or related field.
• 7+ years of regulatory compliance experience.
• Experience working within the financial services and mutual funds industry.
• Experience working with SEC regulators.
• 3-5 years of management and leadership experience.

Knowledge

• Automated post-trade compliance system coding.
• Investment Company Act of 1940.
• SEC and IRS regulations.
• Microsoft Office Suite.
• Adobe Acrobat.

Skills and Abilities

• Aligns associates with company values and goals.
• Plans and delegates the work of others.
• Motivates and inspires others.
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