At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Director, Compliance – Sales Practices
Business Unit: Compliance – Sales Practices
Location: Charlotte, NC or Boston, MA
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
The Director of Sales Practice Compliance assists in the sales practice compliance of Barings offices located in the US. Such activities include, but are not limited to, reviewing advertising and marketing materials utilized by the firm in the offering and placement of its investment advisory products and services to ensure those materials, and the manner in which they are distributed, comply with applicable securities laws and regulations and firm standards, including Global Investment Performance Standards. In addition, the Director will assist in developing and maintaining compliance practices for the conduct of business outside the US. Other key aspects of the Director position are conducting routine surveillance on electronic communications, establishing policies and procedures designed to achieve compliance with various SEC and FINRA rules. This position is critical to the organization, particularly as the firm continues to operate globally. This compliance position requires a candidate who appreciates the importance of well-drafted, business-appropriate policies that meet regulatory expectations and, where appropriate, industry best practices. This position has a direct impact on the firm’s ability to conduct business in accordance with applicable law, thereby protecting the firm from adverse regulatory exposure and enhanced litigation risk, as well as damage to the firm’s industry reputation.
Primary Responsibilities
- Responsible for the compliance review and approval of all marketing and sales material including pitchbooks, factsheets, thought leadership, and social media to ensure compliance with applicable SEC and FINRA rules.
- Draft and maintain policies and procedures related to Sales Practice compliance.
- Conduct surveillance of Registered Rep electronic communications including email, social media, and text messages.
- Proactively identify patterns or trends that may emerge in surveillance reviews.
- Draft and maintain key policies and procedures relating to Sales Practices topics.
- Participate in or lead key department or corporate projects as needed.
- Provide advice and support across Compliance departments including global locations.
- Develop and conduct training on specific rules and regulations to various stakeholders.
- Resolve and/or recommend to management solutions to sales practices issues; provide guidance to business units on relevant compliance issues.
- Collaborate with IT and front office personnel on the development and implementation of solutions to address existing and new regulatory requirements.
- Remain current with regulatory matters including enforcement actions related to the industry generally.
Qualifications
- FINRA Series 7 registration required
- FINRA Series 24 registration required
- Bachelor’s degree preferred
- A minimum of 5+ years of investment adviser or broker dealer experience with emphasis on compliance. Experience with various asset types including equity and fixed income assets; private investment funds; bank loans; real estate investments; business development companies preferred.
- Strong understanding of the role of Compliance and the relationship between Compliance and business.
- Knowledge of the provisions within Investment Advisers Act, FINRA, and other applicable regulations.
- Experience working with regulatory agencies (e.g., SEC, FINRA) and/or a corporate audit environment a plus.
- Experience in project management and addressing ad hoc data analysis requests.
- Effective, results-oriented team player with strong interpersonal skills; possess very strong organizational and analytical skills; must be very detail-oriented.
- Must be self-motivated, proactive and must possess the skills to successfully interact and negotiate with internal professionals, including management.
- Strong ability to comprehend highly technical regulatory requirements.
- Demonstrates ongoing commitment to continuous learning and self-improvement.
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings Offers a Comprehensive Benefits Package Including
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
Other Benefits
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
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