The Role
About Lord Abbett:
Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.
From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.
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We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.
Now that you know our history, are you ready to be part of our future?
Job Overview:
A senior compliance associate is responsible for ensuring that investment portfolios and funds are managed in accordance with applicable investment guidelines, regulations, and restrictions. The role will also perform trade surveillance, review and update policies and procedures and help support other investment and trading related initiatives from a compliance perspective.
We’ll trust you to:
- Review, interpret and code investment guidelines: The senior compliance associate will be responsible for reviewing and interpreting investment guidelines, restrictions, and regulations, by way of reviewing client investment management agreements, regulatory requirements, and other relevant documents. This will include coding those restrictions into an order management and guideline compliance system.
- Monitor investment and trading activity: The senior compliance associate will be responsible for monitoring investment portfolios to ensure that they are compliant with investment guidelines and restrictions. This includes the monitoring of pre-trade compliance and post-trade/batch compliance in an order management and guideline compliance system. The role also includes monitoring of investment and trading activities for conflicts such as allocation, other brokerage practices and trade errors.
- New Products: The senior compliance associate will assist with new product launches across a spectrum of products and wrappers, including separately managed accounts, mutual funds, UCITS and private funds.
- Communicate with clients and internal stakeholders: The senior compliance associate will work closely with internal stakeholders to ensure that investment portfolios are being managed in accordance with guidelines, policies and in the best interest of our clients. This may involve communicating compliance issues or potential violations to stakeholders and working with them to resolve any issues.
- Conduct compliance testing: The senior compliance associate will be responsible for conducting trade surveillance and other reviews to ensure our policies and procedures are working effectively.
- Stay up-to-date on regulatory changes: The senior compliance associate will be responsible for staying up-to-date on regulatory changes and developments that may impact investment compliance. This may involve researching and analyzing regulatory changes, including the creation or updating of processes, policies and procedures applicable to investment and trading related activities.
You'll need to have:
- A Bachelor's degree in finance, economics, business or a related field
- 5-10 years of experience in investment compliance or a related field
- Strong understanding of investment regulations and guidelines
- Knowledge of order management and guideline software, preferably Charles River
- Excellent analytical and problem-solving skills
- Strong attention to detail and organizational skills
- Excellent communication and interpersonal skills
- Proficiency in Microsoft Excel and other relevant software programs
Why Lord Abbett?
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Led - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - We instill a passion for always putting our clients' interests first.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $165,000-$190,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.
Important notice to Search Firms - Please Read Carefully
Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider (“Search Firms”) for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.