Head of Public Fixed Income Compliance

Position: Head of Public Fixed Income Compliance

Job Location: Philadelphia, PA or Whippany, NJ

Department: The Corporate Ethics and Compliance Department ("CEC") manages the firm's compliance risks to prevent violations of law, rule, or regulation, and designs and delivers a compliance risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. CEC is a risk-based department, focused on emerging risks, and providing constructive challenge to the business and functions, partnering closely with them to implement strong processes and effective controls, as well as to better foster and embed a culture of compliance. CEC monitors trends and changes in regulations and develops and implements firmwide and divisional policies and procedures.

The Role : This position will be responsible for the Compliance program for MetLife Investment Management's (MIM) Public Fixed Income (PFI) line of business. MIM is a global asset manager with over $640 billion of total assets under management. It manages money in a number of asset classes for MetLife's general account, insurance company subsidiaries, affiliated mutual funds, and third parties. MIM provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. MIM has approximately $360 billion of Public Fixed Income assets under management.

This role will serve as a key partner to the PFI business, offering credible challenge, escalation of issues and reporting, and working closely with the business and operational partners to implement controls and guidelines while ensuring compliance with laws and regulations as well as MetLife policies, procedures and standards. This role will strategically review compliance controls to mitigate compliance risk and ensure the PFI compliance programs are fit for purpose in light of regulatory expectations, laws, and industry standards. This role will lead the design of enhancements to the PFI compliance program with a focus on driving efficiency and productivity to ultimately ensure an integrated function that is relevant to the businesses, understands and stays abreast of business priorities and the regulatory environment and trends, and pro-actively works with all lines of defense to help identify, manage, and report on compliance risk.

Being a pro-active and strategic leader and anticipating where issues may arise is critical, and the ability to get ahead of regulatory expectations is key to success in the role. The individual will be required to make sound judgment-based decisions and answer complicated compliance risk-related questions, put appropriate controls in place to mitigate risks, and exercise judgment to know when issues need to be further escalated to senior management for consideration and deliberation.

Key Responsibilities:
  • Manage advisory compliance and associated control environments and strike the balance between serving as trusted advisor to the business and encouraging a culture of robust challenge to the business
  • Review existing compliance policies and procedures and make enhancements to strengthen processes, procedures and policies and stay head of regulatory requirements and expectations for PFI businesses
  • Design, enhance, and implement compliance activities to meet regulatory expectations for PFI
  • Issue spot, analyze, and dimension the complexity of risks and regulations in an asset management business, handling complex issues and engaging directly with regulators
  • Conduct guideline monitoring and coding oversight
  • Draft and oversee regulatory filings (including Form ADV, Form PF, CFTC filings)
  • Review client marketing materials
  • Provide Compliance support during the RFP process and actively participate in client due diligence meetings
  • Support new product launches related to PFI
  • Interface with senior management to ensure effective awareness of key compliance risk areas and develop and implement mandatory and targeted training on relevant compliance regulations and processes
  • Work collaboratively with business partners and senior leaders including those in IT, Legal Affairs, Corporate Licensing, and Internal Audit
  • Advise on and provide credible challenge to compliance with relevant laws, regulations, and compliance policies
  • Stay abreast of changes in the regulatory environment and analyze the business impact of regulatory changes
  • Provide meaningful compliance reporting to senior management
  • Design and implement appropriate surveillance and monitoring processes to ensure timely and effective remediation to mitigate compliance risk
  • Work closely with peers in CEC to ensure consistent processes and approaches are followed and that synergies are realized, and provide Compliance support to other asset classes, as needed


Key Relationships:
  • Reports to: SVP & Head of Global Investments Compliance
  • Direct reports/team: 1-2 Compliance Officers
  • Key Stakeholders: Leadership across CEC, leadership across Investments, PFI Business team located in Philadelphia, PA


Essential Business Experience and Technical Skills:
  • 7 + years of experience in a compliance, legal, audit or related role with experience in public fixed income, in an investment advisory or asset management leadership role, and/or serving in a business compliance management capacity
  • Comprehensive understanding of relevant securities laws and regulations, including Investment Advisers Act of 1940, the Investment Company Act of 1940, and SEC rules and regulations; p roactive compliance expert able to anticipate and plan for regulatory needs and expectations and advise on issues related to registered funds
  • Proficiency with drafting Form ADV and overseeing other regulatory filings (i.e. Form PF, CFTC filings), assisting with RFPs and other client marketing material, supporting new PFI product launches (e.g. private funds), advising on trading issues; experience with Aladdin trading systems and an understanding of coding client portfolios helpful
  • Executive level communication skills, able to translate and provide solutions-oriented guidance on compliance matters to business executives and interface externally with clients (e.g due diligence) and relevant regulatory authorities as needed
  • Cross-functional collaboration; builds and maintains strong relationships with Legal Affairs, Risk Management, IT, and Internal Audit to create a supportive and seamless compliance and ethical control culture and risk environment
  • Strong leadership skills: champions a high-performance environment while implementing a people strategy that attracts, retains, develops, embraces diversity, and motivates teams by fostering an inclusive work environment; communicates vision, values, and business strategy; manages succession and development planning for the team
  • Forward-looking and agile change manager; guides transformation of compliance risk management by embracing and leading change, collaborating on compliance best practices, and methodically working to strengthen CEC's and MetLife's compliance framework and coverage
  • Excellent written and verbal communication skills, including the ability to prepare and conduct presentations and communicate with senior and executive management
  • Results-orientation with track record of leading teams to set and deliver on goals
  • High degree of professionalism, sound judgment and discretion to manage confidential information appropriately
  • Bachelor's degree expected, JD, MBA, and/or equivalent preferred


MetLife Success Principles
  • Experiment with Confidence - Courageously learn and test new ideas without fear of failure
  • Act with Urgency - Demonstrate speed to action with agility and determination
  • Seek Diverse Perspectives - Source ideas and feedback to expand thinking and make informed decisions
  • Seize Opportunity - Drive responsible growth and identify areas for continuous improvement
  • Champion Inclusion - Foster an environment where everyone is valued, heard, and can speak up
  • Create Alignment - Partner with others across the organization with candor and transparency
  • Take Responsibility - Be accountable and act in pursuit of the right outcomes
  • Enable Solutions - Anticipate and address obstacles while managing risk
  • Deliver What Matters - Execute meaningful priorities and follow through on commitments


MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies."

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world. Visit us at www.metlife.com to learn more about our brand, history, and values.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.