Compliance Senior Manager

The Role:

Morningstar’s Compliance team is currently seeking a highly motivated Compliance Senior Manager to join our team. The primary focus of the role is to oversee the daily administration of the compliance program for the Morningstar Wealth, Retirement, and Research groups located in the United States. This position is based in Chicago and reports to Morningstar’s Chief Compliance Officer, Americas – Wealth, Retirement, and Research.

Key Responsibilities:

Design, implement, and oversee the compliance program for United States-based regulated entities under the Investment Advisers and Investment Company Acts
Administer and support local and global controls compliance team activities regarding policies and procedures, advisory agreements, registrations, regulatory filings, disclosures, training, monitoring and testing, customer complaints, and risk assessments
Manage relationships with clients and regulators on material compliance matters
Stay informed of regulatory developments, respond to regulatory inquiries, and facilitate regulatory examinations
Provide advice to employees on material compliance and regulatory matters and respond to escalated questions from business units
Supply guidance on new products/services or material changes to the business model
Monitor implemented updates by business units due to regulatory or compliance policy changes
Prepare and present informal and formal training sessions on complex topics
Oversee and mentor the United States compliance team
Support the United States compliance team with other tasks, initiatives, or projects, as directed
Promote a culture of compliance

Requirements:

Bachelor's degree. Advanced degree and/or relevant certifications a plus
8+ years’ compliance experience with investment adviser and investment company regulations
Background in Investment Fund Management
Solid understanding of and experience with applicable advisory services, regulatory environment, rules and regulations (Advisers Act, Investment Company Act, ERISA), and implementing policies and procedures for new or changing regulations
Experience with all facets of a compliance program and successful implementation of courses of action
Excellent verbal and writing skills that enable messages and decisions to be articulated confidently, effectively, and diplomatically across all levels of the business
Provide well-informed guidance backed by strong knowledge and analysis of the issue
Strong commitment to providing support to the compliance team, internal customers (management, businesses, products, etc.), and protecting the company and stakeholders
Ability to consistently apply and display a reasonable and mature approach in critical thinking by being able to independently assemble, evaluate, and apply logical reasoning to information
Strong organizational and project management skills with the flexibility to respond to changing priorities
Robust interpersonal skills and ability to work effectively in a team environment
Ability to manage multiple projects and deadlines simultaneously
High degree of integrity and strong work ethic
Attention to detail and highly organized
Strong leadership/management experience
Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

Financial Health

100% 401k match up to 6% of salary

Stock Ownership Potential

Company provided life insurance - 1x salary + commission

Physical Health

Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages

Additional medical Wellness Incentives - up to $300-$600 annual

Company-provided long- and short-term disability insurance

Emotional Health

Trust-Based Time Off

6-week Paid Sabbatical Program

6-Week Paid Family Caregiving Leave

Competitive 8-24 Week Paid Parental Leave

Adoption Assistance

Leadership Coaching & Formal Mentorship Opportunities

Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

Tuition Reimbursement

Social Health

Charitable Matching Gifts program

Dollars for Doers volunteer program

Paid volunteering days

15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$121,400.00-186,150.00