Investment Compliance Manager - Chicago, IL (Hybrid)

Chicago River Pointmid

Legal & ComplianceCompliance Specialist

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Quick Summary

Overview

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years,

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Legal & ComplianceCompliance Specialist

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

We are seeking a Compliance Manager to support and strengthen our Registered Investment Adviser (RIA) compliance program. The team is responsible for designing, implementing, and operating a compliance program aligned with the Investment Advisers Act of 1940, with a strong emphasis on exam readiness, risk identification, and practical supervision. This role partners closely with the Investments Chief Compliance Officer and senior leaders across Legal, Risk, Operations, and the Investments business unit to help ensure the firm maintains a robust compliance framework aligned with SEC rules, firm policies, and regulatory expectations. Additionally, this role supports Investments by responding to complex and non-routine inquiries and the Compliance Department in supervising the routine and performing the semi complex day to day functions of the department. The Compliance Manager may also lead individuals in day to day and project related activities. The ideal candidate is hands-on, detail-oriented, and able to translate regulatory requirements into practical procedures, testing, training, and documentation.

Key Responsibilities

Supervises, develops, maintains, and measures investment compliance policies, procedures, and controls.

Administers annual certifications, brokerage account reporting, conflict disclosures, regulatory reporting and employee attestations.

Manages critical compliance related ad-hoc and special projects from inception to implementation.

Monitors regulatory developments and researches industry changes, trends, and best practices to recommend new or revised procedures as necessary.

Monitors client portfolios for compliance with investment policy and statutory investment limits, works to resolve potential exceptions and administers compliance rules in the monitoring system.

Reports routine and complex compliance exceptions and materials to the Investments Chief Compliance Officer senior leadership and responds to in-depth questions.

Prepares management and governance reports for senior Investment leaders and the Adviser’s Board of Directors regarding the compliance programs results and potential issues.

Performs periodic risk assessments, reviews and tests to ensure successful implementation of policies and procedures through surveillance, monitoring, and examinations.

Guides junior compliance staff in day to day and project related actives.

This job has potential supervisory duties.
7+ years of experience in investment compliance, including policy development, monitoring, regulatory reporting, and risk assessment.

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Compliance, Compliance Frameworks, Compliance Policies, Compliance Programs

What We Offer

~1 min read

Compensation offered for this role is 110,000.00 - 181,025.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.

To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.

It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.

When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating. Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.