Compliance Analyst

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Role Overview

Hartford Funds is seeking a motivated self-starter, preferably with prior financial services and/or compliance experience, to serve as a Compliance Analyst supporting its broker-dealer, Hartford Funds Distributors, LLC  (“HFD”).   HFD primarily functions as a limited purpose broker/dealer focused on the marketing and distribution of professionally managed investment portfolios, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.

Reporting to the Compliance Distribution Support Manager, the Compliance Analyst helps to advance alignment between the Firm’s distribution objectives, regulatory requirements and internal policies. The role oversees the daily execution of a supervisory program designed to prevent, identify, and remediate compliance issues. It requires frequent collaboration with Compliance team members and regular interaction with internal and external sales professionals and sales leadership. The position demands a high level of independence, with the Compliance Analyst managing responsibilities autonomously while coordinating with colleagues as needed.

Key Responsibilities

• Serve as the process owner of all aspects of HFD’s non-cash compensation monitoring program. 
  • Independently manage all processes related to monitoring gifts and meals & entertainment expenditures against established policy thresholds. This will require that the Compliance Analyst:
  • Maintain non-cash compensation policy and related procedures/reference materials, revising as appropriate
  • Perform monitoring of gifts and meals & entertainment provided using various systems and applications.  Collaborate with internal stakeholders to identify opportunities for improvements and to implement solutions.    
  • Run reports, identify and investigate exceptions and analyze trends; document findings clearly and communicate recommendations as appropriate.
  • Investigate incidents of non-compliance related to non-cash compensation.  Communicate findings to sales/supervisors and agree on appropriate remediation. 
  • Review and approve payments to third party firms related to marketing and other distribution activities

• Reporting and Recordkeeping: Assist with reporting and other tasks/analysis related to compliance infractions, office inspections; maintain all books & records relevant to coverage area in an efficient and organized manner
• Relationship Management: Develop relationships with sales personnel/line of business as point person for non-cash compensation question and other compliance related matters
• Perform Email Surveillance: Monitor electronic communications to detect and address potential compliance issues
• Training: Deliver compliance training to new employees and to keep staff apprised of changes to regulatory frameworks and internal company policies
• Testing: Perform periodic and targeted testing both within and outside of the scope of primary coverage area as part of the firm’s annual compliance testing program.  Summarize findings and communicate results;  Identify areas requiring remediation;  Make recommendations and communicate findings
• Office Inspection Program: Support execution of office inspection program, as appropriate
• Other: Participate in, and perform, other compliance functions as needed

Qualifications

• Education: Bachelor’s degree in finance, business, or equivalent experience
• Experience: 2–4 years in financial services environment; compliance experience preferred
• Certifications: FINRA Series 7  or willingness to obtain within 6 months of hire
• Skills:
  • Strong analytical skills; ability to manipulate and decode large amounts of data; ability to interpret and apply rules and policies to practical business situations
  • Strong technical aptitude; comfort working with a variety of systems and software platforms;  experience working with Concur, Sales Force and MyComplianceOffice (“MCO”) preferred
  • Strong organizational, time management skills
  • Excellent oral and written communication, relationship building/interpersonal skills
  • Detail-oriented, well-organized self-starter with high energy, creativity and ability to work independently with minimal supervision

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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