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The primary purpose of the role is to assist the Investment Compliance team in Asia Pacific with key responsibility of investment guideline monitoring and investment breach investigation, reporting and escalation for Asia Pacific business. This role will also be involved in rule building and New Account Take-On ("NATO") processes as and when necessary.
Responsibilities TRADING/PORTFOLIO COMPLIANCE: Responsible for pre-trade, post-trade & batch monitoring activities of investment guidelines in support of the Asia Pacific offices including but not limited to:
- Reviewing compliance exceptions in a timely manner/within established deadline, providing subject matter expertise and communicating critical information to a diverse range of stakeholders, including investment personnel (Portfolio Managers, Analysts, Traders and Investment Trading Solutions), legal counsel, client operations managers, and other internal partners.
- Investigating, reporting and escalating compliance breaches internally. Ensure the relevant stakeholders (Investment Trading Solutions, Investment Operations, Global Client Operations and Risks, etc.) are notified of the compliance breaches on a timely basis & keeping them abreast of updates till the breaches are resolved. Collaborating with a diverse range of stakeholders, including investment personnel, Investment Operations, Global Client Operations, Legal or Risk to resolve compliance issue where appropriate
- Providing consultative compliance support to the Equity, Fixed Income and Multi-Asset investment business and support functions in Asia Pacific region. Act as a local contact point for investment personnel in HK, SG and Australia for questions related to investment compliance matters, demonstrating a strong understanding of global compliance requirements, investment strategies and derivative usage
- Demonstrating initiative and independent thinking by regularly reviewing processes to identify areas of risk and potential improvement
- Working closely with the compliance monitoring team based in the UK & the US
- Providing regular reporting to internal stakeholders
- Completing manual monitoring and/or client compliance certifications
RULE BUILDING :
Responsible for maintaining rules in the investment compliance system (ie Charles River) covering Asia Pacific region:
- Programming logic-based operational rules in Charles River upon the request of relevant stakeholders (Traders, Investment Trading Solutions, Investment Operations, Legal and Compliance, etc.) to mitigate the risk of potential operational errors
- Programming logic-based rules in Charles River in order to effectively monitor client and regulatory requirements
- Collaborating with investment staff to ensure rule coding achieves alignment between client/regulatory requirements and the investment strategy of each portfolio
- Evaluating compliance system functionality and available data elements to determine how restrictions can be captured in the compliance systems
- Working closely with the rule building teams based in the UK & the US
- Assisting in rule building projects on an ad-hoc basis
NEW ACCOUNT TAKE-ON ("NATO"): Be a key investment compliance contact point for investment personnel, Client Account Management, relationship managers, Product, Legal, Regulatory Compliance across APAC (including Hong Kong, Singapore), particularly to work on new account onboarding and guideline amendments:
- Working closely with Client Account Management, Relationship Management, Product, Legal and Regulatory Compliance on the new account onboarding of client mandates and in-house products
- Reviewing investment restrictions in proposed new account documentation and guideline amendment language & obtaining necessary clarification from internal stakeholders / clients to ensure ability to code in the investment compliance system
- Collaborating with investment personnel to understand their perspective and the impact of investment guideline issues and interpretations on the investment process
- Liaising with other investment compliance team members to ensure the account onboarding can be completed on a timely manner
- Assisting the integration of new business into the investment compliance monitoring program for Asia-Pac clients which may be subject to complex investment restrictions and regulatory requirements, including fixed income, derivatives and legal regulations
- Working to improve the client experience with respect to the implementation of investment guidelines by advocating process enhancements internally and with Global Client Operations.
Qualifications - University graduate
- Minimum of 5 years relevant investment compliance experience
- Solid experience in the investment management industry. Prior experience in dealing with investment personnel (including trading team) is a plus.
- Knowledge of MPF, UCITS, 1940 Act, Japan JITA (and other jurisdictions in Asia is a plus)
- Prior experience with trading/compliance systems & coding/programming, such as Charles River preferred
- Solid knowledge of securities instruments, fixed income is a must. Familiar with derivative instruments.
- Ability to adapt and thrive in a dynamic environment with evolving priorities
- Team worker who must be able to build working relationships and interact with a diverse group of internal and external contacts
- Good analytical skills and ability to make critical, time sensitive decisions
- Strong communication skills
- Good command of spoken and written English and Chinese
- Working hour flexibility
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.
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.