RenaissanceRe
AVP, Compliance Monitoring Manager, Investments Operations
RenaissanceRe, New York, NY
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
Position: AVP, Compliance Monitoring Manager, Investments Operations
Job Location: New York, NY
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Investments
Our Investments team manages RenaissanceRe's $29 billion investment portfolio, allocating our assets, either directly or through investment managers, to deliver alpha against our strategic benchmark. We invest in a diverse range of assets from treasuries and corporate bonds to equities and private credit to provide capital and liquidity for underwriting risk and paying claims. Our investment portfolio is one of RenaissanceRe's "Three Drivers of Profit", along with underwriting income and fees, providing $1.2 billion in net investment income in 2023 to benefit our shareholders and joint venture partners. RenaissanceRe has grown significantly over the past few years, both organically and through strategic acquisitions.
About Investments Operations
The Investments Operations team is responsible for supporting all Investments middle office activities, including trade support and settlement, counterparty maintenance, compliance, bank account management, data reconciliations and reporting, and performance and attribution. The team supports and works closely with Investments, Treasury, Finance, among other departments to ensure complete and accurate representation of our investment portfolio.
Investment Operations is expanding to support the growing business demands. We are focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees. This is an exciting opportunity to join the transformation journey, work directly with the core Investments team, external managers, and on the BlackRock Aladdin platform.
About the Position
Reporting directly to the VP, Head of Investments Operations, the AVP, Compliance Manager, will play a critical role ensuring the Investments function adheres to internal compliance policies and entity level regulations. They will oversee compliance management and reporting, ensuring transparency and accountability across stakeholders. Successful candidates will demonstrate an ability to thrive in fast paced, growing environments and collaborate with Investments, Risk, and Legal to scale, implement, monitor, and maintain a fit-for-purpose compliance program. The work includes reviewing existing rules, redefining guidelines, and ensuring appropriate documentation.
The AVP, Compliance Manager, is based in our midtown New York office and will join a global team with stakeholders and partners in Dublin, Bermuda, London, and Switzerland.
Key Responsibilities
Candidate Qualifications:
Leadership Competencies & Values:
We believe that meeting these requirements will position you for success in the role. However, if you fulfil most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
We are an equal opportunity employer. We provide equal opportunity to all applicants and employees regardless of race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
Position: AVP, Compliance Monitoring Manager, Investments Operations
Job Location: New York, NY
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Investments
Our Investments team manages RenaissanceRe's $29 billion investment portfolio, allocating our assets, either directly or through investment managers, to deliver alpha against our strategic benchmark. We invest in a diverse range of assets from treasuries and corporate bonds to equities and private credit to provide capital and liquidity for underwriting risk and paying claims. Our investment portfolio is one of RenaissanceRe's "Three Drivers of Profit", along with underwriting income and fees, providing $1.2 billion in net investment income in 2023 to benefit our shareholders and joint venture partners. RenaissanceRe has grown significantly over the past few years, both organically and through strategic acquisitions.
About Investments Operations
The Investments Operations team is responsible for supporting all Investments middle office activities, including trade support and settlement, counterparty maintenance, compliance, bank account management, data reconciliations and reporting, and performance and attribution. The team supports and works closely with Investments, Treasury, Finance, among other departments to ensure complete and accurate representation of our investment portfolio.
Investment Operations is expanding to support the growing business demands. We are focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees. This is an exciting opportunity to join the transformation journey, work directly with the core Investments team, external managers, and on the BlackRock Aladdin platform.
About the Position
Reporting directly to the VP, Head of Investments Operations, the AVP, Compliance Manager, will play a critical role ensuring the Investments function adheres to internal compliance policies and entity level regulations. They will oversee compliance management and reporting, ensuring transparency and accountability across stakeholders. Successful candidates will demonstrate an ability to thrive in fast paced, growing environments and collaborate with Investments, Risk, and Legal to scale, implement, monitor, and maintain a fit-for-purpose compliance program. The work includes reviewing existing rules, redefining guidelines, and ensuring appropriate documentation.
The AVP, Compliance Manager, is based in our midtown New York office and will join a global team with stakeholders and partners in Dublin, Bermuda, London, and Switzerland.
Key Responsibilities
- Develop and maintain a robust compliance governance framework and supporting documentation for scalability, stakeholder training and ongoing usage, and monitoring
- Collaborate actively across multiple stakeholder teams and legal entities, including Investments, Legal, Underwriting, Treasury, et al, to manage guideline process
- Leverage appropriate tools and software, i.e. Aladdin BQL, to ensure effective implementation of compliance rules
- Conduct pre- and post- trade compliance checks for the internal and external portfolios, as required
- Perform regular reviews to ensure portfolio guidelines reflect multi-jurisdictional legal, regulatory, and trust guidelines, working with Legal and Risk teams as needed
- Maintain library of all guidelines, IMAs, and trust agreements, ensuring fully executed and final documents are retained
- Identify and report on compliance breaches and waivers to portfolio managers and other stakeholders on a real time basis to support remediation; capture trends and insights through quarterly reporting
- Prepare regular reports on compliance activities, trends and risks
- Contribute to scalability through clear documentation of processes and procedures
- Serve as a training resource on investments compliance management; the role may also manage a Compliance Analyst
Candidate Qualifications:
- 5+ years of relevant experience in a compliance role in asset management
- Agility with relevant tools, e.g. BQL and Aladdin Compliance workbench
- Knowledge of investment markets and financial products; experience in public fixed income markets strongly preferred
- Experience with managing robust processes related to monitoring and reporting on investments compliance guidelines, breaches, and remedies
- Adaptability; experience in a high growth environment or with change management ideal
- Strong analytical skills with attention to detail
- Excellent verbal and written communication skills; ability to build credibility with diverse stakeholders
- Excellent relationship building and management; collaborates well across multiple functions and geographies
- Proficient in MS office with strong Excel skills
- Bachelor's degree expected; focus on investments, finance, or similar preferred
Leadership Competencies & Values:
- Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes
- Execution: Proactively identifies resources, actions and timelines needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact
- Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility
- Client and solutions focus: Identifies process and service opportunities that enhance the external and internal client experience and outcomes.
- Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration
- Learning mindset: Seeks out and explores new assignments, exposure, or challenges in order to enhance technical skills.
- Values: Exemplifies and champions RenaissanceRe's core values of Focus, Respect, Integrity, Precision, Passion
We believe that meeting these requirements will position you for success in the role. However, if you fulfil most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
We are an equal opportunity employer. We provide equal opportunity to all applicants and employees regardless of race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.