Compliance Officer, Mercer Investments
MMC

Job Info

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We are seeking a talented individual to join our US Investments Compliance team at Mercer. This role will be based in Boston. This is a hybrid role that has a requirement of working at least three days a week in the office.

At Mercer, we're creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally - regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are. You are welcome here.

Mercer's Investment business is a global multi-manager business that specializes in developing and managing multi-manager product solutions for clients across a range of asset classes and risk profiles. The business has grown rapidly over recent years. Globally, we provide investment management services primarily to institutional clients with over US $390 bn of assets under management.

Compliance Officer, Mercer Investments

We will count on you to:

• Assist with managing the Global Compliance Service Provider Oversight Program for Mercer's investment management business. The largest component of this is the subadvisers that Mercer hires and oversees to provide investment management for all of its products globally. This includes proprietary 40 Act mutual funds, Mercer Trust Company (MTC), alternatives products, separately managed accounts, and UCITS. Service providers include subadvisers, custodians, transfer agent, fund administrators, distributors, etc.
  
• Conduct, manage, and document compliance due diligence reviews on subadvisers and other service providers for adherence to regulatory requirements, policies and procedures, compliance best practices. Evaluate compliance policies, procedures, compliance programs, and control environment of service providers. Engage with service providers on new regulatory requirements, current compliance topics, and other compliance matters. Co-manage conducting the annual 15(c) process, as well as ad-hoc 15(c) reviews for new subadvisers, for the proprietary mutual funds.
  
• Maintain expertise with using Centrl, the software platform which supports the Service Provider Oversight Program globally. Explore Centrl's AI capability for increasing efficiency and effectiveness. Maintain due diligence questionnaires and create reports within the software and provide support as needed to a small group of compliance colleagues globally who use the software.
  
• Maintain the service provider compliance risk assessment on an ongoing basis.
  
• Routinely engage with the U.S. and international investment teams through Service Provider Oversight Program activities; provide compliance guidance; and become involved in projects and initiatives, such as the addition of new products and subadvisers to the program.
  
• Stay abreast of regulatory developments and best practices governing investment advisers, investment companies and trust companies. Proactively recommend areas of focus for questionnaires, due diligence meetings, etc.
  
• Provide quarterly and annual Board reporting packages for the mutual funds and MTC.
  
• Ability to travel on a limited basis to conduct on site, in-person due diligence visits of service providers.
  

What you need to have:

• A minimum of 3-4 years of experience at an SEC registered investment adviser working within a compliance department or audit department, 40 Act Mutual Fund Complex, or state banking law regulated trust company with a demonstrated history of competence and increased responsibility.
  
• Ability to travel (5-15%) to subadvisers in order to conduct on-site due diligence meetings.
  
• Undergraduate degree
  
• Knowledge of Investment Company Act of 1940 and Investment Advisers Act of 1940. Knowledge of ERISA regulations a plus.
  
• Ability to establish and maintain professional relationships with key stakeholders and service providers.
  
• Proactive, capable of multi-tasking, and ability to organize and prioritize deliverables to meet deadlines within a growing business environment.
  
• A positive, can-do attitude and creative problem-solving skills.
  
• Strong written and oral communication skills. Ability to communicate succinctly.
  

What makes you stand out?

• Prior experience with subadviser and service provider oversight at a registered investment adviser.
  

Why join our team:

• We help you be your best through professional development opportunities, interesting work, and supportive leaders.
  
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities.
  
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
  

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

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