Asset Management Compliance Manager

      

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.

At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

Job Summary

This position reports to the Director, Asset Management Compliance and has responsibility for managing the compliance program within investments, including portfolio compliance (client guideline/restriction monitoring), trading compliance (commission management, trade allocations and best execution), proxy voting administration, liquidity risk management, sub adviser oversight, and the insider trading monitoring program. The position must be able to identify and analyze compliance risks in the trading and investment management processes and help establish a system of independent oversight, checks and balances, and written procedures. Individuals in this position will have frequent interaction with a variety of groups at all levels of seniority, including other teams within Legal & Compliance, Trading, Portfolio Management, Investment Operations, Mutual Fund Accounting and Technology. This position requires a professional with diplomatic and analytical skills who can flourish in an environment with frequent shifts in priorities as business needs dictate. In this role, you are expected to have advanced skills in manipulating and analyzing data, securities/investments, the impact of trades to client portfolios, and what client guidelines are intended to do.

         

          

Job Responsibilities and Duties

• Oversee the Portfolio Compliance program, including compliance monitoring of account investment guidelines/restrictions and related regulatory requirements. Maintain and test existing compliance rules to ensure functionality and update as needed. Maintain effective interaction with external compliance system vendor (BlackRock).
• Oversee and administer specialized compliance programs within investments, including the Liquidity Risk Management, Derivative Risk Management, Insider Trading programs and related oversight of third-party service providers.
• Firm-wide trade monitoring to ensure compliance with regulations, investment policies and procedures and reporting requirements, including commission management and trade allocation/best execution monitoring.
• Partner with trading, portfolio management and legal to support decision making by providing reporting, analyzing results and monitoring variances, including recommending investment actions in response to compliance issues and coordinating on interpretive issues.
• Develop and prepare reports for oversight committees, Thrivent Financial for Lutherans and mutual fund Boards.
• Respond to various inquiries and information requests from regulators, counterparties, auditors, etc.
• Evaluate efficiency of compliance processes and related controls and improve them continuously. Develop and implement solutions to challenges and issues that are raised by stakeholders across the business.
• Participate in projects and working groups relating to new regulatory requirements, markets, instruments and mandates in order to assess the impact on investment compliance and restriction monitoring.
• Models Thrivent’s leadership competencies – courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.  ​
• Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients.  Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.

Job Qualifications

Required:

• Bachelor’s degree in finance, accounting or related field required.
• Minimum 7 to 10 years of related industry experience; securities/investment knowledge.
• Detailed knowledge of investments and investment products required, including equity, fixed-income and derivative investments and investment company products.
• Broad experience with investment management-related compliance testing methodologies and regulatory issues associated with the SEC, IA/IC, and State Insurance Commissions.
• Broad understanding of adviser system platforms and middle/back-office system platforms.

Preferred:

• Advanced degree (MBA, CPA, CFA, etc.) preferred.
• 5-7 years investment adviser compliance experience preferred.

Additional Information

• This position requires you to work on-site in Minneapolis, MN a minimum of three days a week.

Pay Transparency

Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent.  The applicable salary or hourly wage range for this full-time role is $126,204.00 - $170,745.00 per year, which factors in various geographic regions.  The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

              

 

Other

 

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.

 

The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.

 

Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to [email protected] or call 800-847-4836 and request Human Resources.