Associate Compliance Officer
Bfsaul · Bethesda, Maryland, United States · onsite
USD 75,000 to 94,999 · period not stated
Company Overview:
Chevy Chase Trust is a privately owned investment management firm headquartered in the Washington, D.C. metropolitan area, serving individuals, families, endowments and institutions since 1999. With more than $46 billion in assets under management and a team of over 130 professionals, the firm specializes in investment management, financial and estate planning and fiduciary services.
The firm is known for its Global Thematic Equity Investment approach which focuses on long term secular trends stemming from economic, demographic and technological change and their impact on industries and companies. In addition, our in-house team provides highly customized financial and estate planning and trust services to address the complex needs of each client.
Position Summary:
The Associate Compliance Officer provides support to the Compliance Department in the administration of compliance functions for Chevy Chase Trust & ASB Capital Management. This position requires a high degree of self-initiative, critical thinking ability, written and verbal communication skills, and ownership of the results. The Associate Compliance Officer demonstrates an ability to develop competencies and knowledge regarding the compliance systems and associated legal requirements, specifically the Investment Advisers Act and fiduciary laws and regulations for trust companies. The Associate Compliance Officer applies this knowledge to the operations and systems of Chevy Chase Trust and ASB Capital Management.
Company Core Values:
- Excellence: Demonstrates a commitment to continuous improvement, innovation, and achieving the highest possible standards for performance.
- Results: Consistently going above and beyond to deliver exceptional results and value for the team and the organization.
- Ethics/Integrity: Demonstrates a commitment to integrity, peer respect, and fairness. Continuously demonstrates a strong work ethic by exhibiting an indisputable drive to get the job done.
- Teamwork: Demonstrates a commitment to collaboration, mutual respect, and shared responsibility in achieving common goals.
Duties & Responsibilities of the Associate Compliance Officer:
- Day-to-day administration of pre-clearances under the firm’s Code of Ethics.
- Day-to-day administration of the firm’s investment guidelines monitoring systems.
- Performance of periodic and ad hoc testing.
- Implementing and monitoring policies and procedures for each firm’s compliance with securities and fiduciary laws and regulations. This includes conducting follow-up with the other staff to ensure compliance with the firm’s policies and participating in the daily administration of compliance throughout the firm. These duties also include day-to-day monitoring activities for each firm’s equity, fixed income, and real estate investment management functions as well as oversight of various trust services, anti-money laundering procedures, privacy and cybersecurity monitoring, and ERISA compliance.
- Assisting in the delivery of responses to regulatory exams and external and internal audits.
- Assisting in the annual compliance program review for each firm.
- Assisting with regulatory filings for each firm.
- Assisting with the facilitation of continuing education, a requirement to be fulfilled by the individual investment adviser representatives of each firm.
- Assisting with the production of meeting materials and reporting to various Committees of each firm.
- Monitoring and, as necessary, coordinating compliance activities of various departments to remain abreast of compliance matters and identify trends.
- Identifying potential areas of compliance vulnerability and risk.
- Serving as backup for cash and security guideline administration in the trade order management system.
Job Requirements (Skills / Abilities) / Experience / Education / Licenses / Certifications of the Associate Compliance Officer:
- 1-3 three years of work experience where the required skills were employed.
- Familiarity with MS Outlook, Word, and Excel.
- Familiarity with either Charles River Development or Bloomberg Compliance Manager is a plus.
- BA or BS degree required degree required, focusing on Accounting, Finance, or Business.
- Expected to complete relevant industry training.
- Excellent interpersonal skills
- Good analytical skills and judgment
- Strong oral and written communication skills
- Strong personal computer and troubleshooting skills
- Detail oriented with excellent organizational skills
- Exceptional time management skills; able to prioritize multiple demands/projects and meet deadlines
- Self-motivated
- Able to learn at a fast pace
The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of Chevy Chase Trust's total compensation package, which also includes eligibility for discretionary incentive compensation, healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more.
Summary of Competitive Benefits & Perks:
Health/Medical Insurance including Dental and Vision
401(k) with company match
Paid time off
Bonus/Target Incentive
Tuition Reimbursement
Complimentary usage of modern in-house fitness center
On-premise full-service dining center discounts
Discounts via the company’s EAP
Pre-tax transportation options
Chevy Chase Trust is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact corporate.resumes@bfsaul.com or 301-986-6000.
Equal Opportunity Employer/Veterans/Disabled