Principal Compliance Advisor-RA & Service Provider Oversight

  • Competitive
  • Chicago, IL, USA
  • Permanent, Full time
  • Nuveen Investments
  • 15 Dec 17 2017-12-15

Principal Compliance Advisor-RA & Service Provider Oversight

  • Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at http://www.nuveen.com/

  • The Principal Compliance Advisor position is primarily responsible for the operation of the Nuveen Fund Advisors, LLC Service Provider Oversight Program (\"the Program \") for in scope providers as defined under Rule 38a-1 of the Investment Company Act of 1940 and other applicable regulations. This is a high visibility position that frequently collaborates with internal business partners of Nuveen Compliance, Risk, IT and Fund Administration among others to onboard new service providers, perform due diligence and report results to senior stakeholders. Additional responsibilities include participation in policy management and administration, risk assessment and tracking progress with key performance indicators.

    Major Responsibilities:

    Service Provider Oversight Program
    • Lead and execute critical service provider risk assessment, monitoring and oversight in collaboration with internal partners
    • *Establish and maintain regular vendor governance process, procedures and tools to assess and support ongoing monitoring activities of service providers
    • Evaluate critical service provider compliance programs, and compare data from multiple sources (internal/external and third party reviews) to draw conclusions
    • Provide analytical insights on service provider activities through collection of data via quarterly and annual questionnaires, review of exception reporting and other key inputs
    • Create dashboards with meaningful information to be shared with internal and governance bodies
    • Manage issues brought forth by current service providers or outcome of reviews requiring escalation and track their completion
    • Prepare robust written reports of due diligence results and metrics to Senior Management and Governing bodies at the required frequency
    • Maintain a comprehensive repository of records to support and substantiate assessment results
    • Assist in special projects and/or ad/hoc analysis related to service provider activity as requested

    • Board Reporting
    • Analyze sub-adviser proxy voting activity to detect unreported conflicts/undue influence
    • Gather necessary data to execute annual N-PX filing for 175 plus Funds
    • Monitor and assess trading practices of delegated sub-advisers for fair allocation practices, best execution, side by side management and soft dollars
    • Provide metrics on Compliance Risk Assessment status and Testing results

      Policy Administration & Management
    • Maintain comprehensive inventory of Policies and Procedures
    • Participate in annual Policy Review cycle and track its progress
    • Analyze and report on policy changes received from service providers on conformity with adviser/Fund policies


Required Skills:
  • Bachelor's degree required
  • Experience working in the financial industry or other regulated environment preferred
  • Extensive workingknowledge of the InvestmentCompany Act
  • Proficiency in Excel (required) with experience in Microsoft Office Suite products
  • Experience with portfoliomanagement systems and/or compliance monitoringsystems such as Portia and CharlesRiver a definite plus
  • Ability to travel domestically as needed
  • Excellent verbal and written communication, planning and organization skills to integrate multiple streams of information
  • Strong interpersonal skills with the ability to prioritize and multi-task
  • Self-motivated, display a high level of initiative
  • High level of attention to detail with the ability to identify issues, and resolve them quickly
  • Advanced problemrecognition and resolution skills

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