Investments Compliance Officer – Portfolio Monitoring

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You’ll Work With

The Legal, Compliance, Regulatory and Government Affairs department is a diverse team comprised of attorneys and other professionals providing high quality advisory and transactional support with integrity and objectivity across all parts of the organization.The team ensures an operating environment that minimizes legal, regulatory and reputational risks and complies with all laws and regulations and Corebridge policies and procedures. As a member of this team, which has received industry recognition for its leadership and innovative solutions, you will have the opportunity to participate in the award-winning Corebridge pro bono program.

About The Role

The Investments Compliance team is seeking an experienced Compliance Officer who will join in the execution of the compliance program.

Responsibilities

• Monitoring portfolios for compliance with investment guidelines and limits using BlackRock’s Aladdin platform on a daily basis and producing reports on an ongoing basis,
• Conducting ongoing oversight of the third-party relationships with BlackRock and Blackstone and supporting the manager-of-managers function on Compliance matters, and
• Administering the Form ADV and Form PF filings. 

This role will interface with clients, portfolio managers, Operations, and Legal in the drafting of investment guidelines, coding investment and State Insurance guideline rules into the BlackRock Aladdin monitoring tool, utilizing various reports from internal accounting systems to develop and execute procedures for manually testing guidelines that cannot be coded, regularly monitoring for breaches and assisting in their resolution and escalation, as required. 

The role will also develop and execute a program of ongoing operational and compliance due diligence of BlackRock and Blackstone to verify compliance with Corebridge’s standards as external investment managers, including conducting regular sample-based testing, (which may be manual in nature), of outsourced portfolios for overseeing their adherence to investment guidelines.

Additionally, the role will lead the annual process for filing the Form ADV and Form PF for CIIUS.  This requires coordinating with stakeholders throughout CIIUS to gather data, track the receipt and verify the accuracy of information provided, and enter the data in the regulator’s filing portal. 

Finally, the Compliance Officer will be responsible for the ongoing execution of various “run the firm” investment management compliance routines that are aligned with the candidate’s aptitude, background, or desire for career progression.  This includes routines aligned with requirements of the SEC, FCA, and state insurance regulators. 

Please note this is not an exhaustive list of all responsibilities of the position, and the requirements of the job may change in line with business needs.

Skills And Qualifications

The ideal candidate for this role understands the fundamentals of monitoring investment portfolios for adherence to investment guidelines, has experience with the Compliance tools within BlackRock’s Aladdin platform and is able to identify the need to design additional processes/controls to achieve an end state goal, where no current solution exists.  

This is a senior role, requiring the ability to execute independently with minimal oversight within a small team.  Candidates will be expected to possess the following professional knowledge and personal attributes as a minimum:

Must Have:

• At least 7 years of experience executing compliance routines related to an investment management function,
• Proven experience in coding rules and reviewing alerts in BlackRock’s Aladdin platform, or similar investment guideline monitoring platform, to monitor compliance with limits and investment guidelines,
• Proven experience with interpreting investment guidelines, understanding of various asset class characteristics, including data classification within rule attributes,
• Proficient in Excel (including formulas, Vlookup, pivot tables, etc.),
• Skilled in analyzing data in a variety of formats from multiple reports/systems (experience with Power BI reports is a plus)

Additional Skills

• Experience in performing third-party oversight reviews, and/or compliance/operational due diligence reviews, of outsourced asset management functions is a plus,
• Familiarity with the Investment Advisers Act of 1940 and a basic understanding the requirements of the Form ADV and Form PF filing processes is a plus,
• High degree of intellectual curiosity and willingness to self-learn through reading regulatory releases and publications, inquiring with business and process owners, and applying past experiences from similar scenarios to current tasks and challenges,
• Ability to execute with independence, knows “what to do next” without instruction,
• Ability to confront conflict and difficult issues in a professional, assertive, collaborative and proactive manner,
• Ability to work as a team, share knowledge and coordinate amongst peers to achieve a common goal, and
• Highly organized, with the ability to verify, inspect, and record documentation supporting results and disposition of matters.

Compensation

The anticipated salary range for this position is $94,800 to $125,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s Houston, TX or Jersey City, NJ office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel

Minimal Travel.

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

CP - ComplianceEstimated Travel Percentage (%): No TravelRelocation Provided: NoCorebridge Institutional Investments Holdings Corp.