Compliance Testing Analyst Job at T. Rowe Price
There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.
Compliance Testing Analyst
About The Role:
Our team is seeking a Senior Analyst to join the Global Compliance Monitoring & Testing team to support T. Rowe Price’s North America Compliance testing program. You will be responsible for executing Compliance tests to demonstrate compliance with applicable laws and regulations. This will involve partnering with Compliance and Legal team members, consulting with assurance and business partners to identify compliance risks and proactively evaluate compliance controls. The ideal candidate will possess and demonstrate knowledge and experience with the regulations and multiple disciplines involved in the operations of an investment management firm. This is a great opportunity for you to be an integral part of a global team, apply your compliance knowledge to help mitigate compliance risk and have a positive impact on the department and an expanding business.
PRINCIPAL RESPONSIBILITIES:
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Execute tests on the annual test plan within framework standards
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Plan, scope and set test objectives for assigned areas of testing
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Apply a risk-based approach to assess whether the firm has appropriate policies and procedures and evaluate that controls are operating effectively to comply with applicable laws
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Apply data analytic techniques to perform select tests, increase scale and depth of analysis, create impactful visualizations, and explore potential data relationships
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Identify and offer recommendations resulting from testing, and collaborate with business partners to assist in developing remediation plans to ensure the areas of concern are addressed in a timely manner
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Document test work and draft reports describing testing performed and results
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Track the status of outstanding findings and work with business partners to obtain updates, ensure due dates are met, and confirm remediation
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Build and maintain strong relationships with business partners and Compliance leaders, to maintain engagement and to assist in escalating significant compliance testing matters that require attention or action.
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Identify opportunities to scale and promote efficiencies and consistency in testing activities within North America and across regions.
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Participate in the development of requirements and assist in implementation of automated tools, including data analytics, to innovate and enrich compliance testing activities
Role Summary
Advises internal clients in maintaining and enhancing their respective compliance programs and leads projects to improve compliance processes/programs. Applies in-depth knowledge to prepare relevant analyses and recommendations.
Responsibilities:
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Provides advanced advice for the senior managers responsible for business unit compliance. Works with assigned internal clients to identify areas of program improvement, problem resolution, and follow-ups as needed. May provide customized work plans, documentation templates, and detailed compliance risk assessments.
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Acts as the lead on straightforward projects driven by the needs of the business units or the chief compliance officer. Projects may be firmwide or impact the majority of business units, but are limited in risk. Coordinates internal and external resources to accomplish project goals, manages the project team, and follows up on project deadlines.
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Conducts testing of policies and procedures for an assigned business unit. When current policies and procedures do not meet required standards, incumbents will work with business leaders to identify the areas of concern, offer recommendations, and manage the follow up to ensure the areas of concern have been addressed in a timely manner.
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In consultation with legal team, recognizes current industry compliance issues and research and impact on T. Rowe Price and assigned business units. Communicates relevant information to various business units, which requires sound understanding of the business functions of all business units across T. Rowe Price.
Typical Qualifications:
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Bachelor's degree or the equivalent combination of education and relevant experience AND
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5+ years of total relevant work experience
Preferred Qualifications:
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Extensive working knowledge of compliance within the asset management industry
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Strong working knowledge of US regulations applicable to T. Rowe Price (e.g., SEC, ERISA, FINRA, NFA, CFTC)
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Prior compliance testing, audit or risk management experience a plus
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Team player who is able to build collaborative working relationships and interact with a diverse group of internal and external partners
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Solid attention to detail, strong problem solving, analytical, organization, coordination, and critical thinking skills
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Strong verbal and written communication skills; presents ideas clearly, concisely, and persuasively, tailoring message and delivery to different audiences, including ability to present complex concepts into understandable and actionable points
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Strong organization and prioritization skills while executing multiple priorities simultaneously, accurately, and timely
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Accountable for work of self and sometimes others
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Project management capabilities and process flowcharting familiarity would be advantageous
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Uses a variety of resources, best practices, and proven tools to generate innovative ideas to improve processes
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Work Flexibility
This role is eligible for remote work up to two days a week.
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Commitment to Diversity, Equity, and Inclusion:
We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:
- Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
- Flexible and remote work opportunities
- Health care benefits (medical, dental, vision)
- Tuition assistance
- Wellness programs (fitness reimbursement, Employee Assistance Program)
Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
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