JENNISON ASSOCIATES LLC
Senior Compliance Analyst, Portfolio and Trading Compliance
JENNISON ASSOCIATES LLC, New York, NY
Job Title
Senior Compliance Analyst, Portfolio & Trading Compliance
Who We Are
Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what's best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.
Our Function
The core responsibilities of the Guidelines and Restrictions team for are: 1) monitoring investment guideline compliance for institutional separate accounts (ERISA and non ERISA), commingled trusts, mutual funds and hedge funds, and 2) performing daily/ weekly/monthly forensics to ensure that firm's trading activities comply with Jennison's policies and procedures and all regulations. The team works collaboratively in a fast-paced environment that is research oriented and places high emphasis on the importance of developing effective and positive working relationships with investment staff as well as other internal colleagues.
This role sits in the Portfolio and Trading Compliance team supporting equities and will be primarily responsible for monitoring current holdings and daily trading activity against client guidelines, restrictions, internal policies/procedures, and relevant regulatory requirements.
Your Impact
Your responsibilities will include, but are not limited to the following:
Your Required Skills
Your required skills must include:
What We Offer
Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.
The base salary range for this role is $110,000 - $130,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.
Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Senior Compliance Analyst, Portfolio & Trading Compliance
Who We Are
Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what's best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.
Our Function
The core responsibilities of the Guidelines and Restrictions team for are: 1) monitoring investment guideline compliance for institutional separate accounts (ERISA and non ERISA), commingled trusts, mutual funds and hedge funds, and 2) performing daily/ weekly/monthly forensics to ensure that firm's trading activities comply with Jennison's policies and procedures and all regulations. The team works collaboratively in a fast-paced environment that is research oriented and places high emphasis on the importance of developing effective and positive working relationships with investment staff as well as other internal colleagues.
This role sits in the Portfolio and Trading Compliance team supporting equities and will be primarily responsible for monitoring current holdings and daily trading activity against client guidelines, restrictions, internal policies/procedures, and relevant regulatory requirements.
Your Impact
Your responsibilities will include, but are not limited to the following:
- Daily monitoring of equity portfolio guidelines and restrictions using Jennison's proprietary compliance monitoring system
- Participating in the new account setup and guidelines coding/change process
- Liaise with Portfolio Managers and traders to help resolve portfolio exceptions and questions related to trading activity.
- Lead participant on system enhancements, upgrades, implementations that impact compliance
- Reviewing initial and secondary offerings for broker restrictions and ERISA eligibility
- Preparing client reporting including monthly and quarterly compliance reports for mutual funds clients
- Working closely the Client Advisory Group, Legal, Portfolio Management and Technology in onboarding client accounts and developing internal and external reports for clients
Your Required Skills
Your required skills must include:
- Bachelor's degree with a minimum of 3-5 years of relevant experience
- Knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940 and other regulatory requirements and/or experience with foreign regulations
- Solid working knowledge and understanding of capital markets; experience with equity instruments; proprietary or vendor compliance systems
- Ability to operate in a both transactional and strategic way Ability to develop effective working relationships with investment staff and make articulate recommendations to department managers regarding potential solutions to issues
- Established ability to multi-task, prioritize and organize time effectively in a fast-paced and constantly changing environment
- Effective written and oral communication skills
What We Offer
Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.
The base salary range for this role is $110,000 - $130,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.
Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)