U.S. Adviser Chief Compliance Officer (Seattle or New York)
Business Unit:Compliance, Risk and Internal Audit
The U.S. Adviser Chief Compliance Officer will be responsible for the management and execution of the compliance program for Russell Investments’ four U.S. registered investment advisers. Our compliance team serves as a robust independent second line of defense to help ensure that the firm operates within regulatory requirements and industry practices. The Adviser CCO will report directly to Russell Investments Global Chief Compliance Officer.
Base Salary Range: $155,000 to $225,000
Specific compensation will be based on the candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and well-being programs.
The role may be based in either our Seattle or New York offices.
Your Core Responsibilities
- Overall responsibility for the design, implementation and effectiveness of the U.S. investment adviser compliance program.
- Leading and further developing a high performing adviser compliance team that is execution focused and disciplined in approach.
- Managing, coordinating, and conducting, in conjunction with the Funds’ CCO, periodic and annual reviews and risk assessments of the firm’s investment adviser testing program and compliance policies and procedures.
- Reviewing and updating existing policies and procedures in response to changes in the business or regulations.
- Leading projects relating to the enhancement of compliance policies and procedures, internal controls, and systems.
- Managing and coordinating preparation of all adviser related regulatory filings (e.g., Form ADV, Form PF, Section 13 filings, Form D)
- Oversight of the firm’s commodity pool operators and preparation of all related filings with the NFA.
- Assessing, analyzing, and interpreting, and providing guidance to business unit partners and stakeholders, on the application of regulations and policies.
- Supporting enterprise wide compliance programs and working collaboratively with global compliance colleagues in the administration of RI’s global compliance program.
- Helping manage and coordinate compliance response to internal audit findings, SOC 1 audits, and regulatory exams.
- Working with affiliated broker-dealer compliance team and the supervising principal to ensure compliance with all applicable FINRA regulations and Broker-Dealer compliance procedures.
- Coordinating and preparing reporting packages for internal governance committees as well as various corporate boards.
- You have a minimum of 10-15 years’ experience in the investment management industry with a focus on U.S. investment advisory matters.
- You have a bachelor's degree; an advanced business or law degree is a plus.
- You are a highly regarded professional in the Compliance community with a reputation for being a player/coach, an effective leader/manager who exemplifies the appropriate “tone from the top”. You have significant experience leading a Compliance function for a registered investment adviser and have proven your ability to develop and implement Compliance solutions that are pragmatic, effective and forward looking.
- You have strong knowledge of U.S. securities laws, particularly the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, other SEC & FINRA regulations, Commodity Futures Trading Commission and National Futures Association, and familiarity with various EU regulations such as ASIC, MiFID II, AIFMD, UCITS, and EMIR.
- You are able to deal effectively with investment personnel and understand a variety of complex investment products.
Results-oriented with the ability to effectively resolve/manage problems and competing priorities
The ability to build trust with others through commitment to the highest ethical and professional standards
Demonstrated record of confident leadership, sound judgment, creativity and commitment to achieving excellence
Inspires others; Skilled at getting individuals and teams to perform at a higher level and to embrace change; negotiates skillfully to achieve a fair outcome or promote a common cause; communicates a compelling vision and is committed to what needs to be done
Flexibility to adapt to changing priorities, and the ability to successfully multi-task
Bandwidth, energy and passion to support a global organization across multiple geographies
Excellence in communication skills and organizational savvy
An ability to develop strong interpersonal relationships at all levels both within and outside the firm, characterized by mutual respect, openness, and trust
A self-starter, self motivated, self disciplined, self assured, and performance driven
Excellent analytical and strategic skills. Good business judgment and problem solving skills
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.