Compliance Officer

Virtus New York , NY 10007

Posted 2 months ago

Our employees are our most valuable asset.

Job Description

Our employees are our most valuable asset.

Job Description

About the Team

Legal and Compliance provides decision support to facilitate the operations of the business and minimize company risk and exposure.

  • Legal includes a team focused on managing the overall legal affairs of the company, including corporate governance, SEC filings, regulatory matters, ligation, M&A and support for special projects, as well as an investment advisory team that provides legal support for investment products, manages governance affairs for the fund complex and fund boards, and supports fund and strategic initiatives.

  • Compliance supports and encourages an environment of high ethical standards and integrity throughout the company, with distinct teams focused on Broker-Dealer and Transfer Agent, Investment Adviser, and Fund compliance.

Job Purpose

The Compliance Officer is a key member of a broader team responsible for oversight and execution of the Investment Adviser's compliance program, which includes ongoing compliance administration, new policy formulation, client reporting, risk assessments, testing and maintaining regulatory filings. Primary responsibilities include investment guideline monitoring and client trading oversight of portfolio managers/traders located in the New York office with opportunities to cross-train to assist other affiliated investment teams as well. The Compliance Analyst will also be responsible for reviewing marketing and related materials.

Duties and Responsibilities

  • Investment Guideline Monitoring and Coding to include: Real-time surveillance of trading activity using Bloomberg (CMGR and VGMR); Pre-trade compliance override reviews; Real time compliance query response for 20+ investment professionals in two time zones; Daily post trade investment guideline review by daily exception report; Daily counterparty rating review; Periodic manual checks for guidelines that cannot be coded; Code and test new/ revised guidelines; Maintain and update firm and client restricted lists; Maintain, review, and revise approved broker list; Maintain and review rules regarding minimum piece, corporate actions, and other operational limits on trading.

  • Oversight of client trading to include: Review of trade allocations, re-allocations, new issue allocations and performance fee allocations; Review same day buy/sell transactions; Review average price; Review commissions; Review opposite direction and opposite direction +1 transactions.

  • Prepare client and related certifications.

  • Review marketing and related materials to include: Review strategy books, RFPs, consultant databases, and other marketing materials.


  • Bachelor's degree or the equivalent combination of education and experience is required.

  • 1 - 3 years of compliance experience in the investment advisory/asset management/mutual fund business.

  • Significant experience with Bloomberg and oversight of portfolio guidelines and trading.

  • Knowledge and experience with various types of fixed-income securities, investment products, including derivatives, and investment platforms.

  • Excellent oral and written communications skills; must be able to write effectively, and present analysis and conclusions in a persuasive manner.

  • Proficient in MS Office (Outlook, Word, Excel, PowerPoint) and able to develop proficiency in Virtus systems and vendor applications as required to perform the duties of this position.

  • Regular and reliable attendance, able to work overtime as necessary to keep current with work.

Salary Range: $73,200- $109,800

The starting salary offer will vary based on the applicant's education, experience, skills, abilities, geographic location, internal equity, and alignment with market data.


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Compliance Officer