Compliance Analyst

Virtus is dedicated to the success of employees and helping everyone on our team achieve their goals.

We are a dynamic, fast-growing organization with the resources of a large firm and the innovative environment of an entrepreneurial company that promotes collaboration and employee engagement. Every member of our team is empowered to make a tangible impact in delivering value for our shareholders and offering clients high-quality investment strategies to meet their financial needs.

Here, employees can thrive personally and professionally. Professional development opportunities help employees enhance their skills and grow in their careers. Meaningful financial rewards and a comprehensive package of benefits support employees at every stage of life and encourage work-life balance, and physical, emotional, and mental well-being.

We believe in the value of an inclusive and respectful work environment and are committed to making a positive impact in the communities where we live and work.  Virtus and our investment managers offer opportunities across the country.

Job Description

Position Description Summary

The Compliance Analyst will be a key part of the VP Distributors, LLC – Broker Dealer compliance team that assists Virtus Investment Partners to mitigate regulatory risk exposure to the organization by enforcing company policies, procedures and performing regulatory requirements.

Primary Job Responsibilities

• Review Virtus electronic and printed sales material, requests for proposals, due diligence questionnaires, white papers, etc. to ensure compliance with applicable laws, rules and regulations, and consistency with prospectus and Form ADV disclosures. Provide clear guidance to submitters ensuring that FINRA comments are integrated into sales materials.  Negotiate with FINRA Advertising Regulation analysts and management when needed. .

• Conduct branch and non-branch regulatory inspections in accordance with requirements and review schedule. Address compliance issues with remediation plans and provide written assessments. 

• Complete email and social media monitoring assignments. Follow-up with the respective parties and obtain responses on non-compliant communications.

• Perform other broker/dealer compliance responsibilities such as Anti-Money Laundering, regulatory inquiries, training, including Firm Element CE, compliance orientations for new employees, control reviews, and other ad-hoc projects and meetings as needed.

• Monitor, review and assess regulatory changes that may impact the business. Update policies, procedures and controls as necessary.

• Provide training to internal and external wholesalers on broker-dealer compliance matters, firm policies and procedures, and sales material and email compliance, through new employee orientations and ongoing reminders and training sessions.

• Provide accurate and timely responses to questions from wholesalers and Sales management on their interactions with third-party clients, non-cash compensation, and other compliance-related matters. 

• Attend and monitor sales calls and meetings for compliance with applicable rules and regulations and firm policies. Raise issues detected with Compliance and Sales management

Ideal Qualifications

• Bachelor’s degree is required. 

• 5 - 7 years of compliance experience, regulatory, risk management or audit experience in the investment advisory/asset management/mutual fund business. 

• FINRA Series 7 license required. FINRA Series 24 within 3 months of hire.   

• Knowledge and experience with various types of investment products and investment platforms. Possess understanding of equity, fixed income, and other asset classes. 

• Thorough knowledge of FINRA rules; FINRA’s communications with the Public and Non-Cash Compensation rules. Some knowledge of SEC rules, regulations and interpretations regarding investment company and investment adviser sales material, including the Investment Adviser Marketing Rule.

• Excellent oral, written and negotiation communications skills; must be able to write effectively, present analysis and conclusions in a persuasive manner and communicate effectively with all levels of the organization.  

• Must be proficient in MS Office (Outlook, Word, Excel, PowerPoint) and able to develop proficiency in Virtus systems and vendor applications as required to perform the duties of this position.