Head of Regulatory Compliance

At Harris, the true value of what makes us successful is found in our people. It is our unique mix of cultures, experiences, beliefs and backgrounds that sets Harris apart from the rest. We constantly strive to cultivate, nurture and amplify an unparalleled environment, where we value intellectual curiosity and uniqueness of thought. Inclusion is embedded in the very fabric of our culture of collaboration and openness.

We understand that a job description only tells one part of a broader story, and Harris is seeking dynamic candidates who can add to our best-in-class environment. We recognize that qualifications can be gained through both traditional and non-traditional paths, and we are committed to considering candidates who possess the potential to be excellent in this role regardless of prior experiences.

Therefore we encourage ALL interested individuals to submit their applications, even if they do not meet every requirement outlined in the job description.

Position Summary

The Head of Regulatory Compliance is directly accountable for regulatory compliance matters, the preparation and filing of regulatory filings, and for the oversight of the compliance review and approvals of marketing materials and external communications under firm policies and applicable regulatory regulations for Harris Associates L.P. (SEC registered investment adviser) and for Harris Associates Securities L.P. (limited purpose broker-dealer). This individual will have broad investment management compliance experience and demonstrate the ability to manage, develop, and support a high performing team in a high volume, collaborative environment. The Head of Regulatory Compliance works with multiple departments on regulatory compliance projects and provides support and assistance to the Chief Compliance Officer as well as other departments as needed.

Success in this role means having a proactive, hands-on, and collaborative attitude with a readiness to take ownership and drive accountability of a variety of initiatives. This position will serve in both an individual contributor role and leadership role and reports to the Chief Compliance Officer.

Duties and Responsibilities

Regulatory Tracking and Developments

• Monitor and evaluate the impact of regulatory developments related to an SEC registered investment adviser and limited purpose broker dealer in various jurisdictions, including new rules, regulatory guidance and best practices.
• Provide recommendations based on impact assessment and consult with the CCO on 206(4)-7 compliance program adjustments to deliver on recommendations.

Regulatory Compliance Matters

• Cultivate and promote relationships with business partners and develop knowledge of products, operating environment, clients, and trends.
• Apply understanding of the business and regulatory knowledge to provide guidance to the business and determining compliance program implications.
• Actively participate in discussions with business unit personnel/management to better gain an understanding of relevant processes in order to improve regulatory reporting processes.
• Implement and maintain a records management framework and establish a data retention and deletion program across systems and processes.
• Data privacy documentation (e.g., register of data and processes, policies, procedures, remediation plan).
• Provide support to Employee Compliance in developing Regulatory Compliance related training materials.
• Support the CCO on all regulatory exams/inquiries.
• Develop metrics and key performance indicators (KPIs) for various dashboard reporting, trends, and analysis to help track effectiveness and efficiencies of compliance programs.
• Other tasks as necessary to provide solid compliance support to an evolving business.

Regulatory Reporting, Licensing & Registration

• Maintain firm registrations and exemptions in foreign jurisdictions.
• Prepare and submit regulatory filings, including, but not limited to: Form ADV, Form CRS, Form BD, Form PF, Bureau of Economic Analysis (BE-11; BE-180; BE-15, BE-10A), Bank Holding Company Reporting, Fed TIC filings (B, S, D, SLT, SH-C/A/LA), 13 G & F, 13h-1 (Large Trader), Forms U4/U5, FINRA Contacts, etc.

Marketing Compliance

• Serve as the back-up for the review and approval of marketing materials in accordance with compliance requirements, the firm's policies, and applicable regulatory regulations.
• Oversee maintenance of marketing compliance guidelines and remain current on developments to provide appropriate guidance and training to Marketing and other impacted groups.

Team Management

• Contribute to developing, coordinating, and implementing departmental and team specific strategies and consistently bring forward thinking ideas and action plans for future goals and program enhancements.
• Support Privacy Officer with privacy regulations, including the review and monitoring of business activities and vendor management to ensure compliance.
• Coach, develop and advise team members focused on Volcker rule compliance, financial crimes monitoring and reporting, including AML and global sanctions.

Position Qualifications (Knowledge, Skills, Abilities)

• Bachelor's degree in business administration, finance or related field with a minimum of 15 years relevant work experience in the financial services industry (investment advisory, mutual funds, broker-dealer).
• Deep expertise of SEC and FINRA laws, regulations, and guidance, particularly as it relates to providing investment advisory activities to mutual funds, ETFs, SMAs, wrap accounts, and model delivery clients.
• Experience dealing with U.S. and foreign regulators and attorneys in foreign jurisdictions.
• Excellent judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek independent advice and when to act independently.
• Superior communication skills with an ability to present ideas and information in a clear, succinct and logical manner.
• Strong technical and organizational skills, along with the ability to manage competing priorities and deadlines.
• Excellent attention to detail, a high degree of initiative and adaptability, and the ability to deliver timely work products.
• Strong interpersonal skills and the ability to work with all levels of personnel with a high degree of integrity, professionalism and maturity.
• Driven by collective success with proven ability to lead, coach and develop a team.
• FINRA Series 7 and 24, a plus.
• Knowledge of GIPS compliance and disclosure requirements, a plus.

We offer a comprehensive benefits package designed to integrate life and work and to support our employees and their families. Benefits include, but are not limited to; medical, prescription drug, dental and vision insurance, paid time off, profit sharing plan, 401k plan, tuition reimbursement, commuter and holistic wellness benefits along with volunteer programs.

Actual annual base salaries may vary based on factors including but not limited to education, training, experience, and other job-related factors. If hired, base pay will be determined on an individualized basis and is only one part of the total compensation package, which, depending on the position, may also include a discretionary performance bonus and other Harris sponsored benefit programs.

Expected range for this Chicago-based role

$190,000-$230,000 USD

Equal Employment Opportunity Policy StatementHarris Associates L.P. pursues a policy of equal opportunity in all areas of employment including recruitment, hiring, training, compensation, benefits, advancement, and treatment on the job. This means that Harris does not discriminate against employees, or qualified applicants, based on an individual's race, color, religion, creed, sex, age, national origin, physical disability, sexual orientation, trans-gender status, transsexual status, status as a veteran or disabled veteran, genetic information or for any other reason prohibited by law. Harris reserves the right to review publicly available information about applicants (i.e., via social networking sites), to the extent permissible under applicable law.

Reasonable Accommodation Notice
We provide reasonable accommodation for individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at HR@harrisassoc.com or you can call us at 312-646-3600.

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