Analyst, Fund Compliance
Russell Investments
Business Unit:
Global OperationsReporting To:
Manager, Fund OperationsShift:
EMEA (1:30 pm - 10:30 pm IST) (India)About Russell Investments, Mumbai:
Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 89-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is “Top 12 Ranked Consultant (2009-2024)” in P&I survey 2024 with $906 billion in assets under advisement (as of December 31, 2024) and $331.9 billion in assets under management (as of March 31, 2025) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai – and has opened a new office in Mumbai, India in June 2023.
Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.
For more information, please visit https://www.russellinvestments.com.
Job Description:
The Fund Compliance Analyst’s responsibilities are the administration and oversight of the USD Fund Administration Fund Compliance testing program for the U.S. based funds in accordance with SEC, IRS, ERISA, CFTC and Washington State Banking regulatory requirements. The Fund Compliance Analyst will also be responsible for the timely reporting of compliance results to the applicable CCO's office and the timely filing of Form 13F, TIC-S, Form PF, Form CPO-PQR and other regulatory reporting with the applicable authorities. In addition, the Fund Compliance Analyst will have oversight of the team’s policies and procedures to ensure they reflect current operations.
Years of Experience
2 to 3 years of work-ex, preferably in the area of Mutual Fund Compliance
Qualifications
Bachelor's degree required; CPA, CMA, CFA a plus
Responsibilities
Knowledge of The Investment Company Act of 1940, Internal Revenue Code, CFTC Rules, ERISA and Washington State Banking laws that are applicable to the regulatory compliance testing effort.
Ensure the Quarterly and Monthly reporting to the Board and CCO is accurate and complete. Research and advise on the implementation of new industry regulations and best practices, as well as any testing associated with new and existing regulations.
Integrate knowledge of regulatory compliance with technology platforms employed to ensure that the Funds are operating in compliance with applicable laws and regulations, and that processing remains accurate and data integrity is maintained. Examples include – Conducts technical and business analysis necessary to successfully ensure the law’s requirements are tested in accordance with guidelines. Ensures that daily, monthly, and quarterly testing processes function accurately.
Demonstrate an understanding of various complex derivative instruments, including complex swap instruments, futures, and options.
Responsible for monitoring compliance with prospectus and offering documents and stay current with Fund and regulatory developments relating to the team’s tasks and processes.
Additional responsibilities include: amortized cost monitoring, Form 13F filing to SEC, TIC-S reporting to U.S. Treasury, oversight of CFTC exemption testing, N-CEN, SAI and other annual and semi-annual reporting.
Demonstrate an ability to analyze complex issues, research solutions, prioritize workload and bring regulatory testing issues to resolution.
Candidate Requirements
Strong analytical and problem-solving skills, ability to multi-task
Financial industry stakeholder knowledge - a general understanding of the back-office processes employed by: custodians, money managers, advisors, correspondent broker/dealers and program sponsors.
Assertive, self-motivated, self-directed
Communication skills include an ability to listen carefully, ask questions, and lead discussions
Ability to use solid judgment on oversight and quality review of projects and tasks
Ability to work independently, prioritize tasks and strong desire to achieve results
Ability to work well in a team environment
Technology skills required include ability to work with PC applications (spreadsheets, databases) and general understanding of information technology and capabilities in the area of software, hardware, LAN administration and operating systems.
Core Values
Strong interpersonal, oral, and written communication and collaboration skills with all levels of management
Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,
Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.
Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.
Exemplifies our customer-focused, action-oriented, results-driven culture.
Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
Ability to act with discretion and maintain complete confidentiality.
Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.