at Morningstar, Investment Management, LLC in Chicago, Illinois, United States
Job Description
The Group:Morningstar DBRS ("MDBRS") is a recognized international rating agency that provides timely and comprehensive credit rating opinions to the world's capital markets. DBRS, Inc. is a wholly owned subsidiary of Morningstar Inc. MDBRS offers in-depth credit analysis of corporate entities, financial institutions, and government issues in North America, Europe, Asia, and Latin America. MDBRS's extensive coverage of structured finance and securitizationhas solidified its standing as a leading provider of comprehensive, in-depth credit analysis.
The Role:MDBRS is currently seeking a Compliance Officerfor its Chicago office. The Compliance Officer - Chicago,will be responsible for supporting the MDBRSCompliance Program inthe US. This is apositionbased in our offices in Chicago, and reports to the Regional Compliance Officer-US ("RCO-US").
Responsibilities:
Given the current market and regulatory environment, many rules and regulations have been enacted globally. These rules and regulations continue to be updated. This role will be part of the Global Compliance team - with other members working in Toronto, Chicago, New York, London, Frankfurt, Madrid, and Mumbai. The Compliance Officer -Chicago is responsible for ensuring MDBRS'policies and procedures are incompliance with the USregulatory scheme and ensuring staff understand their responsibilities under the rules and regulations.
In this role, the successful candidate will have the ability toshape the role and have a meaningful impact. The Compliance Officerwill be expected to do the following:
Support the compliance program to meet the regulatory scheme enacted in the US, andprovide ongoing assurance of compliance with MDBRS policies andprocedures
Provide advice and guidance to employees on matters relating to conduct and compliance, including identifying areas of compliance vulnerability and risk, based on findingsof compliance reviews
Support standard procedures for the intake (including for anonymous reporting andcomplaints from third parties), investigation, escalation and reporting of potential compliance related incidents relating to MDBRS to ensure that they are appropriately and consistently evaluated,investigated, and resolved
Supportthe preparation for, and conduct of, regulatory examinations
Report on existing and emerging compliance issues and risks to the RCOs
Maintain records of any violation reports received, including details of any actions taken
Contribute to the ongoing development of the Compliance team by sharing best practices,knowledge, expertise and lessons learned on a regular basis
Assist with the development, maintenance and delivery of compliance materials and training
Assist with the continuous improvement of global compliance programs
Maintain compliance files and records
Implement and maintain policies and procedures for the general operation of the globalcompliance program within MDBRS
Requirements:
5 years of experience in compliance / regulatory control processes developed in Internal Audit, Financial Services, Accounting and/or Legal professions
Experience interacting with, and responding to, inquiries from regulators is preferred
Highly developed interpersonal skills to build and maintain effective internal and externalrelationships
Advanced communication skills (verbal and written) to report regulatory complianceinformation
Strong analytical and investigative skills and sound judgment
Understanding/experience of credit rating business processeswould be an advantage
A bachelor's degree is required. A law, or advanced, degree is preferred but not required.
R06_DBRSInc DBRS, Inc. - US Legal Entity
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
Morningstar and its subsidiaries are an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity, parental status, or other legally protected characteristics or conduct.
