Senior Compliance Advisor

Why Great Gray?

At Great Gray Group, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us. 

The Role

Great Gray is looking to add a Sr Compliance Advisor to our Compliance Team.

The Senior Compliance Advisor sits in Great Gray’s Risk and Compliance Department, working closely with our first line business to manage risk in the marketing and sales of services and products.   This position will report to the Chief Compliance Officer and assist in developing, administering and implementing marketing compliance policies and procedures in the sale and offer of trust and fiduciary products and services, particularly marketing and collateral material about Great Gray’s collective investment trust (CIT) vehicles but also Great Gray’s social media campaigns, blogs, podcasts, videos, thought leadership articles, and responses to RFIs and RFPs of our CITs and Great Gray’s trustee and administrative services. 

The ideal candidate will have worked in a law firm, consulting, in-house, or regulatory setting with experience in applying securities law and general anti-fraud principles to regulated and non-regulated products and services such as mutual funds, CITs, as well as familiarity with general marketing and performance rules applicable to registered investment advisers and their services and managed products.  While Great Gray does not carry FINRA licenses, it will be helpful (but not required) if the candidate has passed one or more of the following FINRA qualification exams to demonstrate familiarity with the marketing and anti-fraud rules:  Securities Industry Essentials (SIE), Series 6, 7, 24, 63, 65 and/or 66. 

We are looking for an experienced and talented compliance professional who can partner with our business colleagues to identify and proactively address regulatory matters and develop compliant solutions to business needs. The Specialist will review advertising in a timely fashion to ensure compliance with regulations and internal policies. The role requires providing input and direction to assist business partners with marketing our products and advancing our brand in a compliant manner.

Location

This position will can work from any of our office locations – Boston, MA, Wilmington, DE, and Las Vegas, NV. Great Gray currently supports a hybrid work model with 4 days onsite in the office and 1 day remote.

Visa sponsorship or transfer of an existing visa is not available for this position. Applicants must be authorized to work directly for any employer in the United States without visa sponsorship or transfer.

Responsibilities 

·       Tracking and reviewing advertising and sales literature involving institutional sales and marketing of CIT trust and administrative services and products, with a focus on marketing CIT product analytics.

·       Assist with the design and development of and review updates to online product offerings, videos, client/conference presentations, and social media communications and postings for adherence to regulatory and internal requirements such as anti-fraud principles to ensure communications are accurate, fair and balanced, and not misleading.

·       Partner with legal, marketing, product and sales groups to achieve business goals while adhering to acceptable risk parameters.

·       Stay abreast of new laws, regulations, and industry trends, and recommend changes to policies and processes to incorporate evolving risk and compliance matters.

·       Conduct compliance training to empower business to learn and implement best compliance practices in the creation of the marketing materials.

·       The role is a hands-on position.   A successful candidate will be eager and able to move seamlessly between shifting priorities and partner with the business to manage and achieve expectations. The candidate will be expected to be proactive in discerning how to teach and employ tools and guidance to empower our marketing partners to become more proficient in drafting materials that adhere to expectations surrounding fair and balanced regulatory concepts.

·       Complete other related duties as assigned.

Qualifications & Experience

·       Bachelor’s degree with a preference for Finance, Business Administration, or a related field

·       Minimum of 5-7 years of experience as a compliance analyst, legal analyst, paralegal or paraprofessional, with strong preference for experience working in a law firm’s investment management or securities practice, a financial services firm, such as a broker-dealer, mutual fund company, or other asset manager, or a fintech firm with responsibility for regulatory compliance review of marketing materials of registered or unregistered investment products, securities or services.

·       Current or past FINRA Series 6, 7, 24, 63, 65 and/or 66 certifications is a plus, but not required (Great Gray does not carry those certifications).

·       Advanced decision-making, problem-solving and analytical skills with particular attention to detail and accuracy.

·       Demonstrated ability to be organized, work independently and maintain quality of work while meeting established deadlines.

·       Ability to identify regulatory compliance issues, evaluate risks, and be entrepreneurial and creative in offering options to achieve business objectives within acceptable risk parameters; willing to be flexible yet firm.

·       Excellent written and verbal communication skills and the ability to communicate and advocate effectively with all levels of Great Gray and with external stakeholders.

·       Excited to work in a high growth, dynamic, and sometimes uncertain environment.  

·       Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

·       Comfortable navigating ambiguity.

·       Entrepreneurial mindset to bring best practice ideas to the team.

·       Exhibits our Great Gray attributes: Results-Driven, Innovative, Resilient, and Decisive.

Benefits

We have a comprehensive and competitive benefits package at Great Gray. Some of the highlights are:

·       Be an integral part of an early-stage, high-growth organization!

·       Hybrid work environment

·       Competitive compensation package including 401(k) with elective and non-elective match opportunities

·       Lifestyle spending allowance program

·       Medical, Dental, Vision Insurance

·       Employer-paid life and disability insurance

·       Generous paid time off program

Company Background 

Great Gray is the leading independent provider of trustee and administrative services to Collective Investment Trusts (“CITs”), with over $200 billion in CIT assets under management, across more than 780 funds. We proudly work with 80 subadvisors, including leading firms such as AllianceBernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James. 

CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401(k)s. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years; but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.

Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.

Madison Dearborn Partners (“MDP”) purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.

Investor Background 

MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.

Equal Employment Opportunity Policy

Great Gray, LLC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, disability status or other non-merit factor.