Under general direction, use integrity and professional judgement to design and guarantee the accuracy of the compliance monitoring rules and applications for fixed income structured products.
-Work with Management to minimuze risk by creating policies, procedures and controls to be implemented with the ultimate goal of reducing the risk and all potential for trade loss. -Using in depth knowledge of fixed income securities, structured products and derivatives create portfolio profile tests as needed to maintain and ensure accuracy of the guideline, restriction and investment objectives monitoring as defined in the portfolio's Legal documents (Indenture, PMA, etc) and provide general guidance to junior team members in this area -Using strong analytic skills and attention to detail monitor compliance with portfolio guidelines ensuring operational issues and exceptions are resolved in a timely manner and communicated to Senior Management when appropriate -Work extensively with the technology team (GIT) to interpret guidelines, define criteria and test/document specifications relating to compliance monitoring rules and system enhancements -Determine and implement exact prevention mechanisms across all trading systems while accounting for the dynamics of the different security types. Understand the impact that all security types have on each rule and how to set up those rules in all front-end systems -Guarantee with reasonable accuracy the integrity of the compliance monitoring and development process -Create and implement strong procedures and controls to guarantee the accuracy of internal and external reporting including, but not limited to: -portfolio distributions -reconcilement of monthly shareholder reporting -trustee packages -rating agency reporting -Maintain excellent working relationships with outside vendors, trustee banks, internal/external auditors and rating agencies as well as internal resources: Investment technology, MFS Legal Department, Compliance Department, Data Integrity and Analytic Support. -Work closely with the Fixed Income Team to identify
A
trade automation, connectivity and compliance solution, the SunGard
Transaction Network (STN) links institutions throughout the financial
services community to facilitate end-to-end transaction processing.
With
more than 4,500 client firms in 60 countries managing more than $12
trillion, Advent has established itself as a leading provider of
mission-critical applications for investment management operations of
all sizes and strategies.
QUMAS
is a global compliance software company offering a complete Enterprise
Governance, Risk and Compliance solution with over 250 customer
deployments.
Belzberg
Technologies has been at the forefront of the electronic trading
evolution from the very beginning, and continues to provide world-class
service, execution and technology to the securities industry.
