DWS Mutual Fund Compliance- Associate
Job ID: 3170341 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2018-04-24 Location: Jacksonville, United States of America
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR 700bn of assets under management (as of 31 Dec 2017). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management as well as our deep environmental, social and governance focus complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
Job Title: DWS Mutual Fund Compliance
Corporate Title: Associate
Location: Jacksonville, FL
About Deutsche Bank
We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
At DWS, good compliance is everybody's responsibility. The Compliance department's core functions support good compliance practice to prevent and detect violations of all applicable laws, rules and principles that observe high standards of individual behavior and business conduct.
Working closely with the business, compliance professionals ensure that our risk based program is both globally effective and locally anchored to our key divisional businesses. As an independent and robust second level control function, the Compliance Department seeks to manage compliance risk and deepen the culture of compliance at Deutsche Bank through the development and management of strategies that are sustainable and increases the trust of our clients.
The Mutual Fund Compliance team is responsible for providing on-going Compliance support to the U.S. mutual funds advised by the DWS organization. You will assist with the preparation of board materials for various Boards of U.S. mutual funds and collective investment trusts and the review and analysis of various surveillance reports to ensure compliance with the applicable laws.
You will assist in all aspects of fund board reporting, as well as reviewing daily, weekly, monthly and quarterly surveillance reports to ensure compliance with the Investment Company Act of 1940, other federal regulations and internal limits. In addition, you will be responsible for the following oversight functions for the DWS organization; a) monitoring sub-advisor and service provider activity to ensure compliance with the federal securities laws; b) assisting with the customer complaint collection process, and the reporting to various regulators and internal work-streams and c) assisting with various other related tasks.
Interface with internal and external contacts for resolution of process discrepancies in a timely manner
Monitor and escalate aging issues and unresolved disputes to management
Provide written commentary on outstanding open issues
Identify and escalate open issues that represent risk
Build a strong relationship with the client, understanding their needs and business operations
Understand business and regulatory requirements and ensure functions are being performed in those requirements
Participate in Departmental projects and initiatives
Service Provider / Sub-advisor Oversight:
Collection of quarterly certifications from service providers, escalation, tracking and reporting of issues
Review and tracking of transactions reports received from the transfer agent
Review of service provider and sub-advisor due diligence questionnaires, escalation, tracking and reporting of issues
Collection of annual service provider vendor scorecards, analysis and reporting of results
Preparation of reports/memos for US sub-advisor oversight committee and other various committees, sub-committees and working groups
Review, tracking and escalation of weekly and monthly blue sky and fund sales reports
Coordination with product management, legal and NRS to identify and report fund changes
Collection and reporting of metrics for quarterly compliance reports and other reports upon request
Collection of responses to due diligence questionnaires and RFPs
Ad hoc reporting
Perform additional Board Reporting tasks as assigned
Loading of required records to electronic recordkeeping system
Required Knowledge, Skills, and Abilities:
Bachelor's Degree preferred in Business, Finance, Accounting or Economics combined previous relevant years of finance industry experience. Alternatively, previous relevant years of experience in the finance industry is required
Knowledge of securities and financial instruments
Knowledge and familiarity with SEC regulations, including the Investment Advisers Act of 1940 and Investment Company Act of 1940
Strong problem solving and/or analytical skills
Proficiency in financial applications
Strong relationship abilities with internal departments
Excellent written and oral communication skills
Strong PC skills to include experience with MS Word, Excel and PowerPoint
Thoroughness and attention to detail
Ability to multi-task and work in a fast-paced environment
Ability to work in a team environment in order to achieve group targets
Excellent organizational skills
Ability to work well independently
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the "EEO is the Law" poster and pay transparency statement.