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M&T Compliance Associate

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Morningstar

1mo ago

  • Job
    Full-time
    Junior Level
  • Legal
    Banking & Finance
  • Madrid

AI generated summary

  • You need 2+ years in compliance, knowledge of finance regulations, experience in monitoring/testing, strong analytical and communication skills, a bachelor's degree; advanced degree and certifications preferred.
  • You will conduct monitoring and testing, document results, communicate findings, complete follow-ups, identify improvements, and assist with key compliance activities.

Requirements

  • A minimum of 2 years of compliance related experience.
  • Good knowledge of Financial non-banking Institutions regulations
  • Experience in executing a comprehensive compliance monitoring or testing program.
  • Experience drafting procedures and internal communications.
  • Experience performing compliance reviews or testing, developing findings and recommendations.
  • Strong sampling, analytical and investigative skills.
  • Good critical thinking and sound judgement skills.
  • Strong interpersonal skills, with the ability to effectively influence and collaborate with diverse teams across multiple time zones.
  • High degree of professionalism and integrity with demonstrated ability to handle confidential issues in a professional manner.
  • Strong organizational and time management skills with the flexibility and willingness to respond to changing priorities.
  • High level of attention to detail and problem-solving skills.
  • A bachelor’s degree is required.
  • A degree in finance, accounting, or economics and an advanced degree is preferred. Compliance related professional certifications are recommended.

Responsibilities

  • Execute general monitoring and testing activities in-scope and ensure timely and effective execution of each of the activities.
  • Ensure proper documentation of monitoring and testing results for all activities in-scope.
  • Communicate results within Compliance and with key business stakeholders.
  • Ensure completion of any follow-ups resulting from the general monitoring and testing activities.
  • Identify opportunities for improvement and automation in order to execute the program more effectively and efficiently.
  • Perform and ensure proper execution of activities including but not limited to Email Reviews, Methodology Development & Disclosure Review, etc.
  • Monitoring and Testing reports associated with reviews of various nature.
  • Assist with other key activities identified by the Monitoring and Testing Team for Morningstar Wealth and Retirement.

FAQs

What is the main focus of the Compliance Associate role?

The primary focus of the Compliance Associate role is to manage the monitoring and testing program for Morningstar's Wealth and Retirement business, executing general monitoring activities and ensuring effective documentation and communication of results.

Where is this position based?

This position is based in Madrid.

Who does the Compliance Associate report to?

The Compliance Associate reports to the Lead of the Monitoring and Testing Team for Morningstar Wealth and Research.

What are the key responsibilities of this role?

Key responsibilities include executing monitoring and testing activities, documenting results, communicating findings to stakeholders, completing follow-ups, identifying improvement opportunities, and assisting with various compliance activities.

What qualifications are required for this position?

A minimum of 2 years of compliance-related experience, good knowledge of financial non-banking institution regulations, and a bachelor’s degree are required. A degree in finance, accounting, or economics, along with compliance-related professional certifications, is preferred.

What skills are necessary for a successful Compliance Associate?

Essential skills include strong analytical and investigative skills, critical thinking, interpersonal skills, professionalism, organizational and time management skills, attention to detail, and problem-solving abilities.

Is experience in a specific area of compliance required?

Yes, experience in executing a comprehensive compliance monitoring or testing program, drafting procedures, and performing compliance reviews is required.

Do we provide any training or professional development opportunities?

While the job description does not specify, many companies typically offer training and professional development opportunities for compliance-related roles.

What is the work model at Morningstar?

Morningstar employs a hybrid work model that allows employees to work remotely while collaborating in-person each week.

Is Morningstar an equal opportunity employer?

Yes, Morningstar is an equal opportunity employer.

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Morningstar

Our mission is to empower investor success.

Finance
Industry
5001-10,000
Employees
1984
Founded Year

Mission & Purpose

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and realtime global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $246 billion in assets under advisement and management as of Dec. 31, 2022. The Company operates through wholly- or majority-owned subsidiaries in 32 countries.