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Form of workAbout Lord Abbett:
Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.
From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.
We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.
Now that you know our history, are you ready to be part of our future?
Job Overview:
The Compliance Risk Assessment and Testing Senior Associate will be responsible for conducting global compliance reviews and Testing activities to ensure that the organization adheres to legal, regulatory, and internal policies and standards. This position requires the ability to work independently with various stakeholders to execute deliverables.
- Assist in the enhancement and execution of Risk Assessment framework
- Perform compliance testing of policies and procedures in accordance with Investment Company Act Rule 38a-1, Investment Advisers Act Rule 206(4)-7 and other regulatory requirements
- Document test findings, assessment of issues, and recommendations in detailed written reports
- Communicate testing activities and issues in a clear and concise manner to management and stakeholders
- Track and monitor remedial actions to closure
- Develop and maintain effective partnerships with investment, client services, risk, and technology teams as well as third party service providers, as applicable
- Stay current on the regulations, including SEC risk alerts, examination priorities, policies, and best practices relevant to Lord Abbett’s business
- Work on ad-hoc projects, as required
- Bachelor’s degree, preferably in business, finance, accounting, or related field, or at least 5 years of experience in compliance, audit, regulatory, or risk management functions
- Knowledge of laws and regulations such as FINRA rules, SEC rules, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and UCITS
- Strong proficiency in Microsoft Word and Excel
- Strong analytical, problem solving, and written and verbal communication skills
- Attention to detail, ability to deliver high-quality results within deadlines
- Ability to work in a dynamic, collaborative and high-performing team
- Strong sense of ownership/accountability
- A team player with strong interpersonal skills
- Self-starter; proactive approach to work assignments
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Led - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - Embraces our mission: Securing a sustainable future for our clients, people, and world.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $150,000 - $200,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.
