T. Rowe Price Compliance Analyst in Owings Mills, Maryland
Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client’s success.If you’re looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.
PRIMARY PURPOSE OF THE POSITION
The Compliance Analyst provides proactive consulting and compliance support to USIS segments, functional groups (i.e. Marketing, Investment Product Group, Business Management), internal stakeholders and strategic clients with respect to the development, production, and delivery execution of marketing collateral and other duties that supports USIS’s distribution objectives. This position serves as a central point of contact for assigned segment and/or functional team to ensure adherence to external regulations and internal policies and procedures as well as process consistency and controls. This may include (all, some or one) those governed by SEC, DOL, IRS, FINRA, and T. Rowe Price Firm Wide Compliance.
Serves as first-level reviewer for newly developed sales and marketing materials, thereby anticipating design and usage issues. Advocates for USIS business and customer needs and provides subject matter expertise relevant to FINRA and SEC rules. Provides proactive segment and marketing compliance support to USIS by managing the annual legal review process by consulting and partnering with USIS procedure owners in the creation of compliance policies and procedures guiding them on matters related to implementation and compliance for business unit policies. This includes the development, review, approval, usage, and tracking of advertising and sales materials intended for external distribution by client-facing associates as well as others who send materials externally on behalf of USIS associates.
Partners with USIS Marketing and segment client-facing associates to provide compliance consulting and needs-based solutions for marketing, sales, and business initiatives (e.g., FI web subscription process, client anniversary materials, record retention solutions, applicability of CAN-SPAM regulations, etc.)
Monitors environment and provides updates for annual USIS Compliance Assessment with regard to marketing-related initiatives
Makes necessary modifications to global policies and procedures related to internal controls as changes in applicable rules, regulations, standards and related trends relevant to the USIS Compliance Program are identified in order to minimize identified risks. Investigates new regulations, evaluates impact to the business, drafts new policies and educates associates.
Develops and executes processes relevant to advertising, sales materials, and communications with the public in order to ensure compliance with external regulations, internal policies and procedures, and contractual agreements with clients and/or vendors. This includes:
Regulatory Reporting & Administration to generate and analyzes department compliance reports utilizing corporate and business unit data.
Interpreting information to assure compliance on such topics as FINRA registrations and jurisdictions, TRP Code of Ethics and Conduct, continuing education credits and corporate gifts/business entertainment, correspondence generator lists, and email profiles.
dentifying and collecting data, quality control, and enhancement and distribution of various reports.
Use of technical expertise with spreadsheet and database skills to continuously seek improvements in existing processes and uses subject matter expertise to identify impacts of issues and changes to USIS associates, business functions and clients.
Serves as primary point of contact with Legal for segment and marketing compliance issues and required follow-up.
Coordinates legal approval process for all USIS sales and marketing materials, including legal submission and FINRA filing.
Manages the review and update process for implementation of changes to materials requested by the SEC or FINRA (e.g., required updates to RDF disclosures, credit quality diversification charts, etc.)
Manages USIS’s annual content review process with Legal and Firm Wide Compliance
Manages the process for the identification and resolution of GIPS errors.
Provides training, education, and guidance to USIS associates on FINRA regulations governing advertising, sales material, correspondence, record retention and other regulatory and compliance topics. Produces the monthly series of educational emails, including research, draft, final proof and delivery to associates. Collaborates with business unit managers to previews materials to determine FINRA credit eligibility, monitors and collects sign-in sheets, assigns FINRA category and insures MyLearning is updated in a timely manner. Consults with associates to review credits earned and assist in identifying opportunities for future credits.
Coordinates, manages, or supports ad hoc USIS and enterprise projects related to segment and/or marketing compliance.
- College degree and 1 year of related work experience, or Associate degree and 3 years related work experience, or High School diploma/equivalent and 5 years related work experience
FINRA Registered Representative – Series 7 (obtained within 6 months in role)
Excellent oral and written communication skills, including the ability to construct organized, well written documents that provide the appropriate level of detail/information to meet the target audience’s needs
Ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
Strong interpersonal and collaboration skills with the emphasis on anticipating and listening to users’ needs and concerns and delivering effective client service and needs based solutions.
Ability to maintain working relationships with clients at all levels and across business units
Ability to prioritize and manage multiple tasks simultaneously
Intermediate MS Office skills including Word, Excel, PowerPoint, etc.
Knowledge of business processes
Sound judgment and decision making skills
Strong track record for execution and follow through when under pressure and critical deadlines
Prior experience in marketing or marketing compliance role
Knowledge of Financial Services Industry
Knowledge of SEC and FINRA rules for advertising, sales materials, and communications with the public
Project Management skills
Series 6 or 7
Advanced MS Office skills
Knowledge of Business Objects and HTML
T. Rowe Price is an Equal Opportunity EmployerT. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.