DWS Mutual Fund Compliance- Associate

Deutsche Bank Jacksonville , FL 32277

Posted 3 days ago

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.

Position Overview

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.

Summary

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.

Primary Responsibilities:

  • 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

General:

  • 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.


Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
DWS Know Your Client Team L...

Deutsche Bank

Posted 3 days ago

VIEW JOBS 6/21/2018 12:00:00 AM 2018-09-19T00:00 DWS Know Your Client Team Lead - Assistant Vice President Job ID: 3174773 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2018-06-08 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. Position Overview Job Title: DWS Know Your Client Team Lead Corporate Title: Assistant Vice President Location: Jacksonville, Florida 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. DWS KYC Team Lead The Know Your Client Lead will primarily be responsible for oversight of day-to-day operations of the DWS KYC team, ensuring that all new client relationships for Asset Management have undergone the appropriate client identification screening and documentation gathering as mandated by DWS' Anti-Money Laundering (AML) and Know Your Client (KYC) policies and procedures. You will work closely with Regional Compliance and Front Office Sales staff as well as its counterparts in other regions. You must be detail-oriented with the ability to multi-task, prioritize competing work assignments, communicate effectively with internal staff and clients, and complete assignments accurately and in a timely manner. Follow-through skills, time management, and the ability to challenge existing processes to come up with more efficient/effective solutions will be critical for the role. Core Responsibilities: * Perform the required Know Your Client/Intermediary (KYC/KYI) process on new clients by documenting and corroborating the information obtained on the client as required by DWS' KYC Procedures utilizing a variety of independent research sources and publicly available data * Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the KYC Procedures * Responsible for reviewing and ensuring all required AML / KYC Regulatory requirements for both new and existing clients are met * Key liaison point with Compliance on specific requirements and regulations arising under special circumstances * Liaise with Clients, Front Office, Legal, and Operations as necessary as part of the KYC process * Perform Client account periodic reviews and remediation efforts as required * Special projects related to DWS' AML efforts Skills Required: * Knowledge, interest, and familiarity with Asset Management industry and terminology * Strong knowledge of how Trusts, LLCs, Partnerships, Corporations, etc. are organized and the documentation supporting these structures * Knowledge of AML policies that govern financial institutions; Know You Client policy guidelines; BSA, U.S.A. PATRIOT Act guidelines, etc * Strong work ethic, commitment to excel and proven capacity to work effectively with minimum supervision and under tight deadlines in a fast-paced, unstructured environment while producing quality work * Strong communication, writing, analytical and organization skills * Experience in KYC, compliance, or other client service exposure desired * Experience managing a team in Financial Services preferred * Experience creating, managing, and communicating MI data * Project management skills and ability to manage multiple responsibilities and work streams * Ability to work independently and well as part of a team and able to switch gears quickly to adapt to business needs * High level of comfort in dealing with all levels of management * Familiarity with DWS' client relationship management platform, Salesforce.com a plus * Proficiency with Microsoft Office programs including Word, Excel and PowerPoint * Bachelor's degree or equivalent experience 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. Deutsche Bank Jacksonville FL

DWS Mutual Fund Compliance- Associate

Deutsche Bank