VP, Investment Compliance Manager

About Our Company

Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments) is a wholly owned subsidiary of Aflac Incorporated (Aflac). Aflac Global Investments (GI) located in New York’s financial district and is the organization responsible for the overall investment activities of Aflac, Inc. and subsidiaries in Japan, Bermuda, and the U.S.  With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements.  GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships) which generates approximately $3.5 billion a year in net investment income.  As of year-end 2022, Aflac’s total general account portfolio was $111 billion.

The investment teams support GI’s overall goals and objectives by providing market insight and in-depth knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets utilizing both internal teams and external third party asset managers.

Overall Responsibilities:

• Working knowledge of the Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933 and Securities Exchange Act of 1934 and their respective regulations and the ability to analyze and identify the application of existing and proposed regulations to registered investment advisers is a must.
• Proactively identify compliance issues and obtain workable resolution. Make a broad range of decisions yet communicate and escalate issues as appropriate to senior leadership.
• Partner effectively with investment advisory staff along with internal departments such as Operations, Risk, Legal, Information Technology, Finance, Human Resources, and Data Management in the US and Japan to advance Aflac Global Investments-related projects and business initiatives.
• Work to manage and limit regulatory and reputational risk of Aflac and help to reinforce Aflac Global Investment’s culture of compliance.
• Oversee maintenance and administration of the automated compliance system, including assignment of system access and appropriate updates and configuration of tolerances and limits.
• Conduct daily review and monitoring of pre-trade and batch portfolio compliance alerts with respect to regulatory and internal rules and restrictions across all portfolios managed by Aflac Global Investments.
• Monitor and recommend appropriate controls to cover non-programmable guideline restrictions on a timely basis.
• Monitor developments and maintain familiarity with Nebraska Insurance Law, NAIC, Japan FSA, CIMA, BMA, and US CFTC developments.
• Provide research on investment compliance related issues.
• Provide guidance on permissible investment and transaction-related activities.
• Develop and provide training and guidance on internal governance, supervisory controls and policies, and recent developments.
• Prepare management reporting.
• Ensure that identified errors, improper conduct, compliance exceptions to regulatory or policy requirements receive appropriate corrective action.
• Provide compliance support to the due diligence program for new and existing external investment managers.
• Perform and document compliance forensic testing.
• Interface with other Aflac Compliance functions and Investment Risk as appropriate on matters relating to the firm’s investment activities.
• Participate in matters concerning Japan FSA or Nebraska Department of Insurance issues as they relate to the Investment Division.
• Assist in the drafting, review, and updating of the firm’s Compliance Manual, policies and procedures, and key operating procedures.
• Assist with regulatory reporting, including Section 13, Treasury, Form ADV, and Form PF filings.
• Conduct electronic communications reviews.
• Assist with other functions within the Compliance team, including administration of the firm’s Code of Ethics.

Education/Experience:

• Minimum 10 years of experience in Insurance Industry or Asset Management Investments Compliance (Fixed Income a plus)
• MBA, Compliance Certifications a plus

Skills/Knowledge:

• Minimum 2 years as a manager in Investment Compliance
• Good working knowledge of Portfolio Management / Investment Operations workflows and processes
• Good working knowledge of US and Japan Insurance Industry Regulations as they pertain to investment management
• Understanding of US, Japan and state securities and derivatives regulations as they pertain to Insurance Industry Investment activity
• Excellent analytical and research skills; ability to solve problems
• Ability to interface with all levels of management
• Ability to work effectively both independently and with other individuals and departments
• Ability to lead and execute multiple projects (short and long term) and tasks accurately and on time
• Ability to work under pressure
• Ability to solve problems.
• Excellent communication skills, both written and verbal

Technical Skills:

• Microsoft Office Suite (Excel, Access, PowerPoint, Word, Outlook)
• Experience with any pre-trade compliance or portfolio management system (such as Bloomberg, Charles River, Blackrock Aladdin, etc.)

Please note: Aflac Global Investments' hybrid working environment requires a minimum of 3 days in the office each week

The range on this positions is:   $185,000 to $230,000

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting.  Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, and generous paid time off. You’ll also be granted time off for designated paid holidays and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick, adoption and parental leave, in all states and localities.

We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.