Hybrid Compliance Consultant – Mutual Fund, Investment Advisory Compliance

at MassMutual

• Job title: Compliance Consultant – Mutual Fund, Investment Advisory Compliance
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $86,200 - $113,100 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Springfield, United States

About the role

• Compliance Consultant overseeing regulatory compliance for closed-end funds and private equity at MassMutual. Engaging with legal, operations, and investment management teams for compliance oversight.

Responsibilities

• Administration and oversight of policies and procedures governing the operations of the MassMutual Access Funds, including around valuation procedures and the tender offer process
• Provide compliance and regulatory advice and guidance to the Head of Investment Management Alternatives Product, Business Operations Manager, and others supporting the MassMutual Access Funds
• Management of the Access Funds’ sub-adviser compliance oversight program: Develop thorough knowledge of the compliance framework and practices for overseeing the Funds’ sub-adviser, including compliance with affiliated transaction exemptive orders under Section 17(d)
• Review, assess, and monitor changes to the sub-adviser’s policies and procedures
• Report on the sub-adviser’s compliance with applicable policies and procedures pertaining to management of the MassMutual Access Funds
• Provide compliance oversight with respect to certain third-party service providers, including the Access Funds’ custodian
• Assist in the preparation of Rule 38a-1 annual reports
• Assist in the preparation of quarterly compliance reports for the MassMutual Access Funds Board of Trustees
• Oversee the monitoring of portfolio compliance for the MassMutual Access Funds
• Provide information and responses in connection with the annual advisory contract 15(c) renewal process
• Perform testing and compliance oversight to ensure compliance with exemptive orders and other regulatory requirements

Requirements

• Bachelor’s degree
• 3+ years of experience in a regulatory compliance, legal, risk, or related function, ideally within the asset management or broader securities industry
• Knowledge of closed-end fund and private equity investment structures
• Strong analytical skills, with the ability to effectively identify, communicate, and address potential issues
• Proficient with Microsoft Office programs and at least some exposure to data base and data visualization software
• Robust organizational skills and attention to detail, with the ability to manage diverse projects and assignments in a timely and quality manner in a complex work environment
• Strong communication and interpersonal skills, with the ability to build rapport with third-party service providers and work across internal business groups in a confident and constructive manner, as well as the ability to draft well-written due diligence reports

Benefits

• Health insurance
• 401(k) matching
• Flexible work hours
• Paid time off
• Professional development opportunities