Compliance Officer - Japan

POSITION PURPOSE

This role serves as a key local responsible Compliance Officer for T. Rowe Price Japan, Inc. (“TRPJ”). This role will also collaborate with and lead compliance-related initiatives with APAC Regulatory Advisory Compliance colleagues and Global Compliance Teams to implement key components of the compliance program including Compliance Monitoring and Testing.

Principal Responsibilities

• Is responsible for interaction with regulatory bodies relating to Investment Trust Management (“ITM“), Discretionary Investment Management (“DIM“), Non-discretionary Advisory and Type II Financial Instruments Business in Japan, including;
  • maintenance of appropriate regulatory licenses including the Method of Conducting Business Statement,
  • regulatory liaison including responding to questions/information requests,
  • regulatory record keeping requirements of the TRPJ,
  • regulatory filings and
  • management of regulatory inspection visits.

• Develops, enhances, and leads improvements in compliance procedures relating to TRPJ business.  Monitors and assesses compliance with procedures applicable to TRPJ, including, but not limited to, the TRPJ Compliance Manual, identifying areas for improvement and recommending solutions.  Maintaining knowledge of regulatory developments and implementing any required business changes; conducting training as necessary.
• undefined
• Has responsibility for providing consultative compliance support relating to TRPJ business to both Tokyo based Associates and others within the wider group.  Acts as a primary point of contact for all questions relating to Japanese regulatory matters.  Provides regulatory training to Tokyo based Associates.  Acts as a conduit between the different cultures and business practices of corporate Japan and T. Rowe Price. Conducts compliance risk assessments and provides actionable recommendations to senior stakeholders.
• undefined
• Is responsible for reviewing, analyzing and approving marketing materials to be used for Japan to ensure that the materials are produced in accordance with both internal and external regulatory requirements.  Providing regulatory compliant solutions to issues identified in materials.
• undefined
• Collaborate with the APAC Compliance Monitoring and Testing team to conduct compliance monitoring and testing activities, with a particular focus on Japan-related regulatory matters, ensuring adherence to applicable internal policies and regulatory requirements.
• undefined
• Coordinate between Product Development/Sales/Investments and Investment Compliance Team outside Japan for interpretation of rules and guidelines and coding to Compliance Monitoring System and help monitoring when required.

PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS

Required:

• College degree and a minimum of 5 years related work experience
• A thorough understanding of the Financial Instruments Exchange Law and the Investment Trust Law, also a knowledge of other relevant pieces of legislation, including corporate law, pension law, and rules of the Investment Management Association of Japan.
• Solid knowledge of the investment management industry
• Good product knowledge – ITM products and DIM account strategies
• Project management capabilities
• Excellent interpersonal and influencing skills, an articulate and effective communicator, including ability to present complex concepts into understandable and actionable points
• Good verbal and written English
• A collaborative team player with the ability to influence stakeholders and build strong working relationships across the Legal, Compliance, Audit and Risk Business Unit and the broader organization but must also be able to work without day-to-day supervision.
• Analytical skills allied with creative thinking.
• Ability to handle heavy workload under tight timeframes and prioritize appropriately
• Able to work under pressure and produce results without close supervision
• Built-in client-oriented mind-set.
• Built-in audit mindset to detect and escalate potential regulatory/policy non-compliance issues and suggest corrective actions
• Solid attention to detail, strong problem solving, analytical, project management, organization, coordination, and critical thinking skills

Preferred:

• Japan Securities Dealers Association Internal Control Manager qualification (Naibu Kanri Sekininsha) will be preferred.
• Trade Surveillance experience will be preferred.
• Previous experience in Type 2 Licence related activities will be preferred.
• Experience executing second line monitoring and testing programs or trade surveillance is strongly preferred.
• Comfortable understanding and manipulating large data sets for analysis and interpretation utilizing business intelligence tools, e.g., PowerBI, Tableau, SmartSheets etc. will be a plus.
• Exposure to AI technologies, digital transformation initiatives, emerging technology and related risks including compliance and model risks is preferred.
• Knowledge and Experience of private equity and other alternative products will add value to the role.

Commitment to Diversity, Equity, and Inclusion:

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.