Monitoring and Testing Compliance Analyst

Overview

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role

Our team is seeking an Analyst to join the Global Compliance Monitoring & Testing team to execute T. Rowe Price’s EMEA Compliance monitoring and testing program. You will be responsible for performing monitoring and surveillance 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 knowledge and experience with the regulations and multiple disciplines involved in the operations of an investment management firm. This is a great opportunity to be an integral part of a EMEA Compliance Team, apply your compliance knowledge to help mitigate compliance risk, and have a positive impact on the department and an expanding business.

Principal Responsibilities

• Undertaking monitoring and surveillance in line with the Global Compliance Monitoring and Testing Programme, including but not limited to:
  • Performing comprehensive surveillance and monitoring of processes to ensure regulatory requirements applicable to TRPIL and its subsidiaries are satisfied, including market abuse, best execution, trade allocations, and eCommunications.
  • Ensuring investigation and timely resolution of identified issues.
  • Monitoring unresolved issues and notifying the Compliance Monitoring Manager as appropriate.
  • Escalating significant issues and reporting summary findings to the Compliance Monitoring Manager.
  • Identifying and offering recommendations from monitoring and surveillance and collaborating with business partners to develop remediation plans.
  • Documenting working papers and draft reports describing monitoring and surveillance performed and results.
  • Tracking the status of outstanding findings and working with business partners to obtain updates, ensure due dates are met, and confirm remediation.
  • Building and maintaining strong relationships with business partners and Compliance leaders to maintain engagement and escalate significant matters as needed.
  • Assisting in the preparation of management reports on EMEA’s Compliance monitoring, surveillance, and testing activities.
  • Maintaining knowledge of current and upcoming regulations to ensure monitoring and testing activities remain relevant.
  • Applying best practices and a risk-based approach to advance and maintain an effective monitoring and testing program.

Responsible for assisting in advancing the EMEA Compliance Monitoring, Surveillance and Testing Programme in support of Global Compliance Monitoring and Testing Frameworks. This includes but is not limited to:

• Assisting in ongoing review and development of the risk-based thematic monitoring and surveillance programme to ensure it covers all regulators and regulations relevant to the firm’s business and to improve methodologies.
• Applying data analytic techniques to perform monitoring and testing to increase scale and depth of analysis, create impactful visualisations, and explore potential data relationships.
• Participating in the development of requirements and assisting in the implementation of automated tools to innovate and enrich compliance monitoring and surveillance activities for Compliance.
• Identifying opportunities to scale and promote efficiencies and consistency in monitoring and surveillance activities across regions.
• Assisting with the ongoing regulatory and market abuse risk assessment process.
• May be required to be involved in Compliance testing as necessary to support the EMEA Compliance Monitoring, Surveillance and Testing team.

Qualifications & Skills

Required

• Undergraduate Degree or equivalent
• Extensive working knowledge of compliance within the asset management industry
• Knowledge of FCA regulatory framework
• Strong verbal and written communication skills; presents ideas clearly, concisely, and persuasively, tailoring message to different audiences, including the ability to present complex concepts in understandable and actionable points
• Team player with excellent interpersonal skills who can build working relationships and influence a diverse group of internal and external contacts
• Uses a variety of resources, best practices, and proven tools to generate innovative ideas to improve processes
• Accountable for personal work and, where applicable, the work of others; provides process and standards advice
• Strong organisation and prioritisation skills with the ability to execute multiple priorities simultaneously, accurately, and on time
• Solid attention to detail, strong problem-solving, analytical, organisational, coordination, and critical thinking skills
• Project management capabilities

Preferred

• Prior compliance monitoring and testing, compliance surveillance, audit, or risk management experience
• Good product knowledge – UCITS products, SICAV, OEIC, and separate account strategies

This role is eligible for hybrid work, with up to one day a week from home.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

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, color, national origin, sex, gender, age, disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by law.