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Wilmington Trust · 1 day ago

Chief Compliance Officer - Wilmington Funds

Wilmington, DE

Full-time

Onsite

Director/Executive

$142K/yr - $236K/yr

11+ years exp

Wilmington Trust is seeking a Chief Compliance Officer (CCO) for the Wilmington Funds, responsible for overseeing and administering its compliance program in accordance with federal securities laws. The CCO will ensure the funds maintain effective compliance policies and procedures while promoting a culture of ethical conduct throughout the organization.

Financial ServicesWealth Management

Hiring Manager

Meredith Toman PHR

Responsibilities

Design, implement, and maintain a comprehensive written compliance program for the Wilmington Funds Family, including policies and procedures reasonably designed to prevent violation of applicable federal securities laws

Conduct and document an annual review of the adequacy and effectiveness of the compliance program, including an evaluation of how policies and procedures are implemented and followed as required by Rule 38a-1

Prepare and present regular reports to the Board of Trustees/Directors regarding the compliance program’s effectiveness and any significant compliance issues, as required by Rule 38a-1

Oversee and monitor compliance programs of the funds’ service providers, including conducting site visits (on-site or virtually) to observe the compliance programs in place (e.g., investment advisers, administrators, transfer agents, and principal underwriters), ensuring their policies and procedures are reasonably designed to prevent violation of federal securities laws

Lead investigations into compliance violations or potential breaches, recommend and implement corrective actions, and communicate findings to relevant stakeholders

Develop and deliver ongoing compliance training for fund personnel and promote a strong culture of compliance and ethical conduct

Serve as the primary contact for regulatory examinations and inquiries, including communications with the SEC and other regulatory bodies

Ensure proper maintenance of all compliance-related documentation, including policies, procedures, annual reviews, and Board reports as required for regulatory purposes

Stay abreast of changes to federal securities laws and SEC regulations; update compliance policies and procedures as necessary to ensure ongoing adherence

Engage other Risk Departments, Compliance, Internal Audit, Legal and/or Regulatory Affairs regarding identified or potential risks

Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies

Promote an environment that supports belonging and reflects the M&T Bank brand

Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable

Complete other related duties as assigned

Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations

Qualification

Compliance Program DevelopmentInvestment Company Act knowledgeSEC Rule 38a-1 knowledgeAnalytical skillsInterpersonal skillsEthical standardsProblem-solving skillsCommunication skillsPresentation skills

Required

Bachelor's degree in law, finance, business, or a related field; or equivalent experience and a minimum of 3 years of experience as a CCO or 11 years of equivalent experience in compliance, risk, legal, asset management or regulatory roles within the mutual fund or investment management industry. Or in lieu of a degree, a combined minimum of 15-year higher education and / or work experience, including a minimum of 11-year relevant work experience

Thorough knowledge of the Investment Company Act of 1940, SEC Rule 38a-1, and other relevant federal securities laws and regulations

Demonstrated ability to design, implement, and oversee effective compliance programs

Strong analytical, investigative, and problem-solving skills

Excellent interpersonal, communication, and presentation skills; ability to interact effectively with senior management, the Board, regulators, and service providers

High ethical standards and a commitment to maintaining confidentiality and integrity