Head of Compliance - North America

Baltimore, MD, United States

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ? We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

About this Position

We are seeking a proven leader to oversee compliance for North America with the responsibility for setting compliance standards and enhancing the compliance framework for T. Rowe Prices investment companies, investment advisers, transfer agents and broker-dealer. This person will serve as Chief Compliance Officer for T. Rowe Price Mutual Funds and for the main US advisors. The Head of Compliance, North America will provide advice and recommendations to all levels within the organization to ensure business support and adoption, transparency, consistency in approach and risk mitigation. The candidate will develop relationships with key internal and external stakeholders including regulatory and governing bodies to ensure that T. Rowe Prices approach to compliance is proactive and preventative.

The position will have a dual reporting line to the Fund Board of Directors for Fund CCO duties and to the Head of Global Compliance for all other responsibilities. The successful candidate will be responsible for developing a strategic, trusted relationship with the Board. This includes meeting with the Board in executive session and the Board Chair in between meetings, building trust and confidence with the Board to effectively discuss compliance matters. Likewise, this person will be responsible for preparing a quarterly compliance report to the Board covering material compliance matters, updates to the compliance program, status of regulatory exams and other program updates.

Role Summary

The Head of Compliance, North America will strategically oversee and lead a team of approximately 60 individuals with responsibility for reviewing compliance controls, mitigating compliance risk, and ensuring the compliance programs are fit for purpose in light of regulatory expectations and laws. This position helps set the strategic direction of the enterprise compliance program and is responsible for the implementation of the policies, processes, and tools to ensure that the regulatory, financial and reputational risks associated with compliance are mitigated.

The role demands a proactive and strategic leader who can anticipate where issues may arise and who stays ahead of regulatory expectations. They will be required to make sound, judgment-based decisions and answer complicated compliance risk-related questions in order to ensure appropriate controls are in place to mitigate risks. The candidate is expected to help build strategic advisory capabilities across North America supporting the T. Rowe Price firm growth strategy and build a framework for consistency across the globe.

Responsibilities:

Constructing a framework for consistency within the North American Compliance organization that supports the strategic growth of the enterprise globally across T. Rowe advisory entities and the mutual fund businesses.

Providing strategic advice and recommendations to business leadership, including the global head of trading, chief investment officers and portfolio managers, striking the balance between serving as a trusted advisor and encouraging a culture of robust challenge to the business/partners.

Building trust and confidence with the Funds Board of Directors through proactive communication, timely reporting, and consistency in approach.

Proactively building relationships with key internal and external stakeholders, including executive leadership and regulatory/governing bodies.

Thinking strategically across the companys business units as they are growing and scaling, empowering business leaders to make sound decisions.

Reviewing existing compliance policies and procedures and making enhancements, including through automation, to strengthen processes, procedures and policies to ensure the team is using a risk-based approach to stay ahead of regulatory requirements and expectations.

Developing appropriate surveillance and monitoring tools, keeping abreast of developing technology, industry trends and regulations, and understanding accountability and conduct-related expectations among global regulators.

Providing leadership and professional guidance to a team of approximately 60 individuals, with a commitment to developing and advancing top talent.

Overseeing the team organizational structure to ensure the roles are designed to cover key compliance risks to the business and creating opportunities to build team effectiveness.

Participating in and leading meetings with key business partners to stay informed of new product ideas, business strategies and initiatives and emerging risks.

Collaborating with business partners and senior leaders including those in operations, technology, legal, risk and audit to leverage strengths, ensuring consistency and a risk-based approach.

Qualifications:

Required:

A Bachelors degree and 15+ years of total relevant work experience and 8+ years in a leadership position within an investment management business

Preferred:

Graduate or JD degree

Experience interfacing with key stakeholders, including senior business leaders and investment professionals providing guidance with respect to compliance matters while accomplishing business objectives.

Strategic vision and demonstrated success in transforming an investment compliance function and building a framework for consistency across the globe, which supports growth strategy.

Significant experience championing a high-performance environment and implementing a people strategy that attracts, retains, develops and embraces diversity, and motivates teams by fostering an inclusive work environment.

Excellent written and verbal communication skills, including the ability to prepare and conduct presentations and communicate with senior and executive management and fund and corporate boards.

Series 7 and 24

FINRA Requirements

FINRA licenses are not required but are preferred and will be supported for this role.

Work Flexibility

This role is eligible for remote work up to two days a week.

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions

Flexible and remote work opportunities

Health care benefits (medical, dental, vision)

Tuition assistance

Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates well-being and addressing the needs of our clients, business, and communities is unwavering.

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, color, 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.

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely onnow, and over the long term.

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