Compliance Associate

Company Description

AllianceBernstein (AB) is a global investment-management firm providing industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. We offer high-quality research and diversified investment services to institutional and individual investors worldwide. Our clients include some of the world's top institutions as well as private-wealth clients and retail investors. Through close partnerships with our clients, we collaborate on investment strategies across regions and sectors to inspire innovative thinking and deliver superior outcomes.We invest in our people and in the communities in which we operate, and we celebrate our diversity to showcase what makes us unique. We offer our talent the opportunity to grow professionally while working on cutting-edge ideas and outcomes in a global culture that operates as a tight-knit community.

DEPARTMENT PROFILE

The Legal and Compliance Department is responsible for ensuring compliance with all of the legal and regulatory requirements to which we are subject, protecting the firm from regulatory and reputational risk across the globe, and strengthening the firm’s culture of compliance. We do this through collaborative partnership with the business units we support by providing thoughtful and timely advice. In addition, the department conducts global monitoring and training activities that, detect, address and mitigate regulatory and reputational risk. The advice coupled with the monitoring and training activities provide the framework to support the firm’s business strategy and objectives while maintaining a high standard for integrity.

Team Description

The Fund Compliance Team is responsible for compliance oversight in the following areas: AB’s 1940 Act Mutual Funds (including Exchange Traded Funds (“ETFs”), AB’s Luxembourg Registered Funds (“UCITS”), Sub-Advised 1940 Act Funds where AB is the Sub-Adviser, and AB’s Business Development Corp (“BDC”). In addition to monitoring and training activities, we are responsible for providing reporting to the Fund Board of Directors and external Advisers. Finally, we take great pride in being a value-add resource to internal clients, most notably Portfolio Management and the Request for Information and Request for Proposal teams.The Code of Ethics Compliance Team is responsible for the monitoring and enforcing of AB’s Code of Business Conduct and Ethics which includes oversight in the following areas: Employee Personal Trading, Gifts and Entertainment (“G&E”), and Political Contributions. The team utilizes StarCompliance as its primary monitoring application to review and analyze alerts generated. We place a high value on independence, teamwork, and collaboration and encourage innovation and creativity as we continue to enhance and automate our processes and controls.

Role Description

Your responsibilities include conducting a daily review of each of AB’s ETF websites prior to 9:30 ET to ensure Rule 6c-11 required information is posted. You will be responsible for escalating any identified issues to AB’s ETF Operations and Fund Compliance teams and allow for adequate time to investigate and remediate any issues. You will also assist the Fund Compliance team with per-launch set-up activities of AB’s ETFs including: liquidity coding; derivative coding; confirming proxy set-up; confirming other various reporting aspects. On a quarterly basis, you will assist the Fund Compliance with quarterly custom basket testing with quarterly Board reporting, specifically reporting any exceptions related to the daily website review.On an as-needed basis, you will assist the Code of Ethics Compliance team with the following:

• Review of personal trading cases – assist in low-risk personal trading case review, work with Senior members of team to escalate high risk cases
• Inputting transactions for non-US employees – help input non-US employees’ transactions into StarCompliance.
  

Minimum Qualifications

• 1-3 years of experience handling compliance matters under the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
• Four-year college degree (advanced degree is a plus)
• Proficiency with MS Office, with an emphasis in Excel
  

Preferred Qualification

• Experience with compliance matters related to 1940 Act Funds, specifically ETFs.
  

Pune, India