compliance analyst Boston, MA
Brown Brothers Harriman
Full Time
Boston, MA
113154 - 72034 USD ANNUAL Today
Job description
At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!
What You Can Expect At BBH:
If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.
The Systems, Investment Operations, Data & Digital, and Anti-Fraud Compliance Analyst is responsible for supporting the Compliance Officer responsible for the same areas. Specific responsibilities will include the day-to-day oversight and coordination of issues related to new business, products, the oversight of the Systems functions, revising compliance policies accordingly, investigating and documenting fraud attempt investigations, as well as the execution of compliance testing for Systems and across the Investor Services Line of Business.
1. Compliance Policy, Procedure and Regulatory Tracking and Developments
- Identify regulatory issues which impact your responsible areas and document these for review by the Compliance Officer
- Assist, as required, in developing compliance policies and procedures applicable to your responsible areas. Ensure that those policies and procedures are reviewed on a regular basis and kept up to date with regulatory change
- Assist in the consideration of the licensing and regulatory implications associated with new business and products
- Review new regulatory requirements as well as regulatory consultation documents for changes which may impact on your responsible areas
- Ensure that any such changes are identified and tracked in the regulatory developments tracking database
- Assist with senior management reporting on regulatory compliance matters
2. Compliance Advice, Issue Identification / Escalation and Business Planning, Training
- Provide sound compliance advice to your responsible areas
- Proactively assist the business to identify compliance risks and develop effective mitigation initiatives
- Proactively identify trends in recurring compliance violations and inquiries and collaborate with other team members to improve compliance procedures and processes, training materials and forms
- Handle the corrective action process for employees who violate Systems policy requirements
- Identify regulatory issues which may impact the business areas and document these for review by head of compliance
- Provide management reporting to Senior Compliance management as required
- Review regulatory filings and ensure they are made in a timely and complete manner
- Liaise with OCG and Enterprise Risk Management on compliance matters
- Oversight of the review of client’s complaints
- Prepare training materials and assist in the delivery of training to the business areas as required (with support from business as considered necessary)
- Ensure training topics reflect current Compliance focus and that training material is updated to reflect any regulatory changes
3. Fraud Investigations and Documentation
- Investigate reported fraud attempts, including taking immediate actions as necessary to close down or mitigate risk
- Thoroughly research the fraud attempts, and complete detailed documentation
- Prepare summaries for management reporting
4. Compliance Monitoring
- Assist in developing and maintaining the Systems and InServ Compliance Risk Assessment
- Assist in developing and maintaining the annual Compliance Monitoring Plan
- Undertake compliance testing, as required
- Review and document findings from compliance monitoring program including completing all working papers, notes of meetings, visit summaries and other compliance monitoring documentation in line with the compliance monitoring framework
- Prepare compliance findings for review by Compliance management
- Prepare reports on findings for distribution to business managers
- Responsible for following up and closing out outstanding action points identified through the compliance monitoring program
- Ensure that there is liaison with Internal Audit, Enterprise Risk Management and OGC when planning compliance monitoring
QUALIFICATIONS
- Undergraduate degree, professional qualification is an advantage
- Strong understanding and experience of relevant regulations
- Solid knowledge of Investor Services’ business
- Background in technology / systems / cyber to understand technical concepts from a business perspective
- Strong organizational, analytical, and influencing skills
- Ability to think strategically, along with the business and compliance
- Strong communication, drafting, and issue-spotting skills
- Attention to detail and commitment to quality
- Ability to multi-task and with minimal supervision
- Demonstrate determination in learning new areas and operating in an environment where activities are not always routine. Being able to perform well with new and different assignments and challenges.
Brown Brothers Harriman
www.bbh.com
New York, NY
William B. Tyree
$1 to $5 billion (USD)
1001 to 5000 Employees
Company - Private
Investment & Asset Management
1818
