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Job Description In conjunction with the Distribution Compliance Officer - Americas, you will have overall responsibility for providing strategic and operational direction for MFS Investment Management Canada's Compliance Program. This includes establishing and maintaining all relevant components of the compliance program (e.g., compliance policies and procedures, compliance monitoring controls, education) for MFS Canada, and prioritizing initiatives, programs and actions to support the overall compliance program. Ensure that the compliance programs reflects unique aspects of operations, laws and regulations, cultural nuances and personnel practices within Canada.
Principal Responsibilities Provide strategic and operational direction within the position's sphere of authority, to include:
Establish, maintain and implement a compliance program appropriate to MFS Canada and reflective of industry best practices, regulatory requirements/expectations, and emerging regulatory risk. Keep current with new regulatory requirements and ensure communication of best practices/new rules to appropriate staff within MFS. Develop and implement appropriate bench-marking tools to monitor MFS progress relative to industry trends and best practices.
Set priorities, in conjunction with the Distribution Compliance Officer - Americas, for regional compliance initiatives, programs and actions. Ensure these priorities are incorporated into global and local compliance programs, and communicated to compliance personnel, senior leaders and others.
Develop, maintain and foster continued awareness and cultural sensitivity to those unique aspects of operations, laws and regulations, and personnel practices within each office (i.e., Montreal, Toronto, Vancouver), and ensure that they are reflected in the compliance program.
Advise senior management, the MFS Canada Board, and the boards of directors/trustees of other MFS entities and funds on a regular basis with respect to regulatory obligations, developments and/or concerns and the adequacy of MFS Canada's compliance and anti-money laundering programs.
Advise, direct, develop and deliver compliance education based on the needs of MFS Canada.
Develop and maintain effective relationships with business partners, industry peers, trade associations, and, as appropriate, regulators. Interact and communicate frequently with senior management across MFS to understand business needs and opportunities, to assess and articulate regulatory risks associated with existing and/or new business activities, and to provide a framework to enable well-informed business decisions relative to regulatory risks.
In conjunction with Legal, serve as point person on regulatory inquiries and/or investigations within sphere of operation.
Manage areas of responsibility in line with MFS' financial plan goals and objectives. Continually seek and implement new opportunities for improvement and enhancement.
Bachelor's degree or the equivalent combination of education and experience in the investment management industry. Master's degree preferred.
A minimum of 10 years of progressively responsible experience in investment management compliance, regulatory risk management, or similar oversight function. Prior experience working with a multinational, US-based corporation is also a plus.
Strong familiarity with Canadian securities and AML/ATF legislation.
Must meet the proficiency requirements, as set out in National Instrument 31-103, to be registered as a Chief Compliance Officer.
Strong partnership skills and the ability to collaborate with Legal and provide performance feedback as necessary. Must have demonstrated leadership skills and be able to implement, execute and exemplify MFS' business culture with limited supervision.
Must have an executive bearing, emotional stability and maturity, and the ability to command respect. Must have the ability to work independently in a senior management capacity.
Must have excellent project management and coordination skills, and that ability to implement new processes across an organization.
Excellent organization, presentation, and communication (verbal and written) skills are required. Must be fully fluent in English (speaking, reading and writing).
Travel, both regional and global, may be required.
MFS Investment Management Canada is committed to an inclusive and equitable workplace. We value the diversity of people, culture and ideas. MFS Investment Management Canada's equal opportunity and diversity practices draw upon highly talented and skilled people whose individual competencies and creativity are recognized and appreciated. We believe we must attract, develop, and retain the best and brightest individuals from all segments of the population in order to attain business objectives. We are dedicated to providing accommodations for applicants with disabilities during the recruitment process. If you are contacted for an interview, please advise if you require accommodations, so your accessibility needs are met during the recruitment process. We thank all applicants for their interest, however, only candidates selected for interviews will be contacted.
If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email email@example.com for assistance.
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