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Job Details

Compliance and Risk Manager

Company name
OppenheimerFunds Distributor, Inc

Seattle, WA

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Job Description

Development and execution of a comprehensive program for risk management and compliance for OppenheimerFunds SNW separately managed account services business.

The role will have front line responsibility for the day to day risk management and compliance functions of SNW separately managed account business, which is located in Seattle Washington.

The position will involve working with multiple offices including the management and functional lines of business in Seattle, Denver, and New York as well as the Risk and Compliance teams located in both the Denver and New York locations.

Key Responsibilities – Compliance:

Execute an all-encompassing compliance program for the newly-acquired OppenheimerFunds SNW investment team located in Seattle, Washington.

Serve as the face of the Compliance team within the SNW investment operations group and provide compliance advice and support to other SNW personnel.

Ongoing development, maintenance and implementation of applicable compliance oversight program and reporting structure.

Assist with the development, implementation and ongoing oversight of all applicable compliance policies & procedures.

Conduct automated and manual pre- and post-trade investment guideline monitoring of trades and positions for compliance with applicable regulatory and account-specific limits and restrictions.

Support the launching of client accounts by analyzing investment advisory contracts and investment guidelines, coding automated compliance tests into the Charles River Investment Management System and communicating with members of the Portfolio and Trading Departments as required.

Provide back-up support in the set-up and monitoring of registered mutual funds, private funds, exchange-traded funds, and institutional separate accounts.

Act as a liaison for and participate in discussions related to non-compliance business and operational functions unique to the separately managed account business, including topics such as ADV delivery, client suitability, AML validation, etc.

Participate in the resolution of compliance-related issues associated with investment advisors and custodians for separately managed accounts.

Complete regular monitoring of trading activity including trade allocation, trade aggregation, and best execution according to existing systems and processes.

Assist with the stewardship of data retrieval and maintenance in the compliance monitoring system for investments-related data needs related to compliance testing

Support the other members of the Denver and NY Compliance staff on various projects, initiatives, and responsibilities.

Consult and partner with the Corporate Technology Group in the implementation of new processes and enhancements to existing pre- and post-trade compliance monitoring, reporting, and trading systems.

Participate in projects that promote the consistent application of investment-specific data across the enterprise.

Interact with third party service providers on compliance-related issues.

Provide back-up assistance to the Code of Ethics Compliance team, which includes interacting with SNW personnel on issues related to Code of Ethics such as pre-clearance of personal trades, approval of new personal brokerage accounts and answering compliance questions.

Support the undertaking of reviews by Internal Audit and the timely closing of resulting action items as required.

Timely completion of projects and initiatives as required.

Key Responsibilities- Risk:

Working with lines of business in identification, analysis, monitoring, and reporting of risk and implementing risk mitigation and impact minimization controls to maintain risks within target tolerances

Assist in embedding enterprise risk management into business culture, through promotion of the ERM framework, interaction with lines of business, and the development and execution of education and training

Execute Risk reporting for Risk Committees, senior management, and Boards of Directors 

Development, implementation, and enhancement of models and techniques for risk measurement, including simulations, stress testing, and scenario analysis

Analyze the results of financial and operational risk management programs and processes implemented to determine if risk management objectives were achieved 

Partner with business units to identify, assess, and monitor inherent and residual risks including assessments of the design and performance of key controls

Analysis of operational risk events including operational errors and losses to identify root causes, trends, and possible options for risk mitigation and impact minimization 

Assist in the preparation of:

                Risk analytics and commentary to support regular internal risk meetings

                Regular risk oversight materials – primarily supporting the Investment Risk Management             Committee                 Analysis as required by fund Boards

                Regular and ad-hoc performance and risk analysis as required

Monitor investment risk exposures based on established guidelines

Facilitate the resolutions of breaches

Use technology to enhance risk analysis and insight effectively and innovatively. Some of the main products used include

Use technology to enhance risk analysis and insight effectively and innovatively. Some of the main products used include: BARRA, RiskMetrics, FactSet, SpotFire, Advent product suite, (Knowledge of these tools is a plus although not a requirement)

 Work with other business units (e.g. Marketing, Product, Compliance etc.) in support of their data requirements

Job Requirements:


Experience in acquisitions or program development a plus

Knowledge of Investment Advisers Act, Investment Company Act, FINRA Rules and other federal regulations a plus

Sound understanding of the separate account management business and RIA business is a significant plus

Some exposure to financial products such as mutual funds, private funds, exchange-traded funds, foreign funds, and institutional separate accounts a plus.

Experience in working with Charles River Investment Management system (“CRD”), Advent Rules Manager, or similar system a plus

Experience in working with the InvestorTools product Perform a plus

Experience of financial quantitative techniques

Understanding of market risk concepts and statistical techniques (CAPM, MPT, regression, tracking error, correlation, beta, volatility etc.) a plus

Experience of financial markets

Excellent Excel skills;

experience with modeling and analytics

Excellent verbal and written communication skills and experience interacting with senior management

Ability to manage multiple strategic projects

Self-structured, ability to work independently while handling multiple tasks

Experience in Information Technology; network engineering, IT security, IT development, IT project / program management, etc. is a plus

A degree in Economics, Finance, Math, Statistics, Accounting and/or a similar analytical – quantitative area of study


Additional Information

We are a dynamic firm that values teamwork and collaboration, and true to our history, we encourage independent thinking and provide ample opportunities for our people to stand out and make a difference. With offices in New York, Denver, Rochester and Dallas, Seattle, Philadelphia, and London, we work hard to turn our unconventional wisdom into value for investors and pursue excellent results for ourselves and our firm. Learn more about the culture and opportunities at OppenheimerFunds here:

OppenheimerFunds and its subsidiaries and affiliates provide equal employment opportunity to all qualified individuals without regard to age, color, disability, gender, marital status, national origin, race, religion, sexual orientation, gender identity and expression, physical or mental disability, genetic predisposition or carrier status, veteran status, or any other characteristic protected by law in all employment functions including recruitment, evaluation, selection, promotion, compensation, benefits, training, and termination of employment.

All your information will be kept confidential according to EEO guidelines.

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Company info

OppenheimerFunds Distributor, Inc
Website :

Company Profile
Founded in 1959, the firm has a proven track record of identifying rewarding opportunities for clients by following these four principles that make up The Right Way to Invest: make global connections, look to the long term, take intelligent risks and invest with experience. The firm’s investment staff comprises 17 independent but collaborative teams that specialize in equity, fixed income, alternatives and multi-asset investment strategies, and smart beta solutions.. OppenheimerFunds and its subsidiaries offer an array of investment products and services. The firm provides advisory services to the Oppenheimer mutual funds, and its OFI Global Asset Management subsidiary offers investment solutions to institutional clients. For more information, visit

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