The Role
The Compliance Director oversees the compliance program for Morningstar's U.S. regulated entities, ensuring adherence to regulations, managing compliance matters, and leading the compliance team.
Summary Generated by Built In
The Team:
Morningstar's Compliance team supports Morningstar's global business entities, primarily focusing on those registered with and governed by regulatory authorities. Our compliance professionals help each Morningstar business entity adhere to the rules and regulations of the local regulatory authorities.
The Role:
Morningstar's Compliance team is currently seeking a highly motivated Compliance Director 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:
Requirements:
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:
Total Cash Compensation Range
$161,050.00-246,933.33
Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity
Morningstar's Compliance team supports Morningstar's global business entities, primarily focusing on those registered with and governed by regulatory authorities. Our compliance professionals help each Morningstar business entity adhere to the rules and regulations of the local regulatory authorities.
The Role:
Morningstar's Compliance team is currently seeking a highly motivated Compliance Director 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
- 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
- Experience leading a monitoring and testing function a plus
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
$161,050.00-246,933.33
Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity
Skills Required
- Bachelor's degree
- 8+ years' compliance experience with investment adviser regulations
- Solid understanding of advisory services and regulatory environment
- Experience with compliance program implementation
- Excellent verbal and writing skills
- Strong organizational and project management skills
- Strong leadership/management experience
What the Team is Saying
Anna
Team Lead of Software Engineering
Upasna
Software Engineer, Data Collections - AI R&D
Saurabh
Senior Software Engineer
Wendell
Head of Sales, Institutional Equity Research
Raaghavendar
Associate Software Engineer
Jeff
Head of Technology and Product
Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — A recurring paid sabbatical combined with flexible time off in North America and regionally set PTO provides substantial time-away flexibility. Paid volunteer days further broaden the time-off offering.
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Parental & Family Support — A global minimum of paid parental leave for primary and secondary caregivers, along with paid caregiving leave, signals strong family support. Adoption-assistance reimbursement adds another layer of care for growing families.
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Retirement Support — Retirement programs include employer matching or fixed contributions and free access to Morningstar retirement-planning tools. These elements support long-term savings alongside the broader total-rewards package.
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The Company
What We Do
At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries.
Why Work With Us
Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020, we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!
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Morningstar Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
3 days a week
