Director of Portfolio Compliance

Boston, MA, United States

Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently oversees approximately $310 billion in assets under management for global clients spanning more than 50 countries. We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Our culture centers on our shared IDEALS , the core characteristics of who we aspire to be as employees and an organization. I NCLUSIVE & DIVERSE - D EDICATED TO TEAMWORK – E XCELLENT – A CCOUNTABLE – L EADERS - S OLUTION-ORIENTED

Loomis Sayles is committed to the continual improvement of our performance, processes and people. As part of this commitment, we are looking to hire an enthusiastic and passionate candidate, eager to contribute to our continued success through the following employment opportunity:

About the Role

Loomis Sayles has as opening for a Director of Portfolio Compliance. The Director of Portfolio Compliance will report to the Deputy Chief Compliance Officer (“Deputy CCO”) and will be an integral part of the Legal and Compliance Department (“Department”). The Department has a Charles River Development (“CRD”) Compliance Group with XX compliance professionals whose primary responsibility is to oversee the firm’s compliance with its clients’ investment guidelines and restrictions through CRD. In addition to the oversight of new and amended client guidelines of existing product lines, there is a need to ensure that the firm takes prompt and appropriate action to address potential or actual violations of client guidelines in order to protect the client’s best interest, and to mitigate the firm’s liability for such. The Director of Portfolio Compliance will work closely with the other Directors in the Compliance Group to manage the CRD Compliance Group, and to implement new compliance initiatives for the firm by managing ad hoc projects for the group that enhance existing or implement new functionality in CRD .

Job Responsibilities

Directly supervising Compliance staff

Manage a project to audit the guidelines coded in CRD with internal global compliance resources

Manage the projects that are identified through the guideline coding review to ensure that the issue does not exist in other client accounts

Manage the process that independently reviews the new account set up, cap adds and withdrawals, and TIKs to ensure that timely reviews are being conducted and enhancements are being made to firm processes, where appropriate

Manage projects for CRD related projects under his/her direct reports by ensuring that the projects satisfy required deadlines and its intended objectives to minimizes firm risk

Maintain Compliance Manual Procedures, including, but not limited to Compliance Program Summary, Client Investment Guideline Compliance Policies and Procedures,Cover Policies and Procedures, etc.

Maintain Desktop Procedures for the CRD Compliance Group

Maintain Monthly CCO reporting and conduct analysis to determine if the work is allocated fairly and make workflow enhancement changes, where necessary

Maintain the outstanding issues matrix and follow up with the Investment Teams and Client Service on any outstanding issues that may require amendments to the client guideline and/or offering documents

Work with Portfolio Managers, Portfolio Specialists, Traders and/or Client Service Representatives to cure guideline issues in a manner consistent with Loomis’ fiduciary duty to its clients and draft error notification letters

Conduct error analysis and statistics for the CRD Compliance Team and draft quarterly error memos for the Chief Compliance Officer and Deputy CCO and make recommendations for enhancements in problematic areas

Analyze and oversee implementation of domestic and foreign regulations and sanctions

Review new issue prospectus documents for client eligibility

Review Investment Company, Investment Adviser and ERISA regulations for investment eligibility requirements

Periodically attend client meetings to discuss Compliance Department processes and initiatives

Qualifications & Education Requirement

Bachelor’s degree in a business related field. MBA or JD preferred

Minimum of 15 years of asset management compliance experience

Minimum 5 years of supervisory experience managing compliance professionals on an automated guideline compliance team at an asset management firm

CRD Compliance System rule coding skill is required

Minimum 5 years of project management experience, including understanding of dependencies, the ability to work well with others and to require that they complete their tasks in a timely fashion in order to meet project deadlines

Strong knowledge of fixed income securities and equities is required

Must have experience in reviewing offering documents

Must be detail-oriented, strong written and oral communication and organizational skills

Must have ability to work both independently and in a team environment to work effectively with other members of the Department and senior members of other departments within Loomis in a collaborate manner

Must be able to trouble shoot and problem solve while balancing the needs of all parties involved to keep projects moving to completion

Must have exceptional follow up skills and the ability to prioritize work in order to efficiently meet all deadlines

Must have a positive attitude towards working in a fast paced environment with multiple deadlines and must also be able to quickly adapt to changing priorities and direction

Must have good judgment in knowing when to escalate issues to the Deputy CCO

Must have knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940 and ERISA regulations

Must have strong computer skills, including competence with Excel, Word and Bloomberg

Hybrid Working Schedule

Work from the Boston office location on Tuesdays, Wednesdays and Thursdays

Work from home on Mondays and Fridays

Hybrid work schedule is subject to change based on Senior Management discretion

EEOC and Diversity S tatement

Loomis Sayles is deeply committed to building a diverse and inclusive workforce in which talented individuals can realize their full potential and contribute to our growth and success. Please consider applying for this role even if your work history and skillset doesn’t completely match the job description. We believe creativity, tenacity and humility are as valuable as specific skills that can be practiced and perfected on the job. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender , age, national origin, religion, sexual orientation, gender identity, status as a vete ran, and basis of disability or any other federal, state or local protected class.

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