Job Description

Job Description

Job Description

Why Great Gray?

At Great Gray Trust Company, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us.

Company Background

Great Gray Trust Company is the leading independent provider of trustee and administrative services to Collective Investment Trusts (“CITs”), with over $190 billion in CIT assets, across more than 700 funds. We proudly work with 75 subadvisors, including leading firms such as Alliance Bernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James.

CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401(k)s. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years, but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.

Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.

Madison Dearborn Partners (“MDP”) purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.

Investor Background

MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.

Location

The preference is to have this position based in Boston, MA, Wilmington, DE, or Las Vegas, NV. Great Gray currently supports a hybrid work model with 4 days onsite and 1 day remote.

The Role

The Senior Compliance Advisor sits in Great Gray’s Risk and Compliance Department, working closely with our first line business to manage risk in the marketing and sales of services and products. This position will report to the Chief Compliance Officer and assist in developing, administering and implementing marketing compliance policies and procedures in the sale and offer of trust and fiduciary products and services, as well as complementary administrative services and technology solutions, to the institutional market, including consultants, advisors, fiduciaries, and service providers to retirement plans.

The ideal candidate will have worked in a law firm, consulting, in-house, or regulatory setting with experience in applying securities law and general anti-fraud principles to regulated and non-regulated products and services. While Great Gray does not carry FINRA licenses, it will be helpful if the candidates has passed one or more of the following FINRA qualification exams: Securities Industry Essentials (SIE), Series 6, 7, 24, 63, 65 and/or 66.

We are looking for an experienced and talented compliance professional who can partner with our business colleagues to identify and proactively address regulatory matters and develop compliant solutions to business needs. The Specialist will review advertising in a timely fashion to ensure compliance with regulations and internal policies. The role requires providing input and direction to assist business partners with marketing our products and advancing our brand in a compliant manner.

Responsibilities

• Tracking and reviewing advertising and sales literature involving institutional sales and marketing of CIT trust and administrative services and products, with a focus on marketing CIT product analytics.
• Assist with the design and development of and review updates to online portals product offerings, videos, client/conference presentations, and social media communications and postings for adherence to regulatory and internal requirements such as anti-fraud principles to ensure communications are accurate, fair and balanced, and not misleading.
• Partner with legal, marketing, product and sales groups to achieve business goals while adhering to acceptable risk parameters.
• Stay abreast of new laws, regulations, and industry trends, and recommend changes to policies and processes to incorporate evolving risk and compliance matters.
• Conduct compliance training to empower business to learn and implement best compliance practices in the creation of the marketing materials.
• The role is a hands-on position. A successful candidate will be eager and able to move seamlessly between shifting priorities and partner with the business to manage and achieve expectations.

Qualifications & Experience

• Education: Bachelor’s degree with a preference for Finance, Business Administration, or a related field
• Experience: Minimum of 5-7 years of experience as a compliance associate, paralegal or paraprofessional, with strong preference for experience working in a law firm’s investment management or securities practice, a financial services firm, such as a broker-dealer, mutual fund company, or other asset manager, or a fintech firm with responsibility for regulatory compliance review of marketing materials of registered or unregistered investment products, securities or services.
• Current or past FINRA Series 6, 7, 24, 63, 65 and/or 66 certifications is a plus, but not required (Great Gray does not carry those certifications).
• Advanced decision-making, problem-solving and analytical skills with particular attention to detail and accuracy.
• Demonstrated ability to be organized, work independently and maintain quality of work while meeting established deadlines.
• Ability to identify regulatory compliance issues, evaluate risks, and be entrepreneurial and creative in offering options to achieve business objectives within acceptable risk parameters; willing to be flexible yet firm.
• Excellent written and verbal communication skills and the ability to communicate and advocate effectively with all levels of Great Gray and with external stakeholders.
• Excited to work in a high growth, dynamic, and sometimes uncertain environment.
• Exhibits our Great Gray attributes: Results-Driven, Innovative, Resilient and Decisive.

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