Commonwealth Financial Network

  • Due Diligence Officer

    Job Locations US-MA-Waltham
    Job ID
    W-2018
    # of Openings
    1
    Category
    Enterprise Risk Management
    Type
    Full-Time
  • Overview

    Commonwealth Financial Network® is the largest privately held Registered Investment Adviser–independent broker/dealer in the U.S., with offices in Waltham, Massachusetts, and San Diego, California. Since 1979, we’ve been helping our field force of independent financial professionals help investors pursue their financial goals. We do that by providing them with the technology, research, resources, and support that allow them to keep their focus on what’s most important: investors and their financial objectives.

     

    With that said, we are not your typical financial services firm. For starters, we’re a fast-growing company, and we think and have fun like a start-up. Conveniently located on the commuter rail near the intersection of I-95 and the Mass Pike, we’re accessible from anywhere—and away from the congestion of a downtown commute.

     

    Commonwealth recognizes that our people are our greatest asset by investing in training and professional development. As a result, Commonwealth has been recognized 39 times (and counting) as one of the Best Places to Work by top publications in the region (Boston Globe, Boston Business Journal, San Diego Business Journal, San Diego Union-Tribune), as well as in the IT industry (Computerworld). With high marks in areas such as work environment, work/life balance, job satisfaction, and opportunities for advancement, Commonwealth is a place where you can thrive.

     

    Discover what it’s like to be psyched to come to work every day! We offer you:

     

    • Generous bonus and stock option incentive plans
    • Use of our chairman’s vacation properties (Cape Cod, Lake Winnipesaukee, Sunday River, Key Biscayne, Las Vegas, Park City, the Bahamas, and the Dominican Republic) at no cost
    • Fully paid maternity leave (12 weeks) and spousal leave (3 weeks)
    • A more relaxed, “dress for your day” dress code
    • A free on-site fitness center
    • Ample opportunity to volunteer with and support local charities
    • A VTO (volunteer time off) day to use toward a cause that’s important to you
    • Tuition reimbursement
    • Free breakfast on Fridays
    • A competitive benefits package—and much more

    About the Opportunity

    On a day-to-day basis, the Due Diligence team reviews and monitors investment sponsors and third-party vendors on behalf of Commonwealth. We are seeking a dedicated due diligence officer to help us do just that, with the objective of ensuring that Commonwealth meets or exceeds regulatory standards. Reporting to our chief risk officer, the right candidate for this position will have 3–5 years of financial services experience with a focus on vendor management or vendor due diligence, as well as a bachelor’s degree in accounting, finance, or a related field.
     
    If you think you have what it takes, then let’s introduce ourselves.

    Responsibilities

    • Playing a key role in the firm’s vendor management program
    • Ensuring that due diligence systems, procedures, and forms are updated to reflect current protocols
    • Interfacing with key business units, including Investment Research, Investment Consulting, Compliance, Technology, Operations, and Legal
    • Proactively identifying opportunities for process improvement with compliance policies, operational procedures, and training materials to keep employees abreast of relevant industry, legislative, and regulatory changes
    • Working closely with investment product managers and vendors
    • Building and maintaining due diligence files for multiple investment product lines and vendor partnerships
    • Working closely with the Compliance department to ensure that senior management is apprised of key issues and risks and that Compliance has developed appropriate monitoring and surveillance tasks to mitigate risks
    • Identifying areas of concern and escalating issues as appropriate
    • Supervising junior due diligence staff
    • Building, monitoring, and managing the annual due diligence business plan
    • Leading due diligence projects

    Qualifications

    • Strong knowledge of various vendor and third-party services
    • Strong knowledge of Investment Advisers Act and regulations
    • Self-starter with an ability to work independently with little supervision or oversight
    • Ability to work in a fast-paced environment
    • Ability to understand business issues and develop solutions that meet regulatory requirements while minimizing the impact on normal business processes
    • Process oriented with sharp attention to detail
    • Ability to multitask and juggle long- and short-term goals effectively
    • Ability to execute challenging projects and tasks accurately and on time
    • Exceptional written and verbal communication skills
    • Ability to interact with members of senior management
    • Ability to effectively assess and articulate risks/conflicts at the macro and micro level and to focus efforts on the critical issues

    Summary

    Have we piqued your curiosity? Can you see yourself thriving in this career opportunity, as well as our Anything but Common® workplace culture? If so—and if your background and experience align with our needs—please do submit your application right away.

     

    Commonwealth Financial Network® is an equal opportunity employer that is committed to a diverse workforce.

     

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