Legg Mason

Compliance Manager

AU-Melbourne
Req. #
2017-2474
Division
Compliance
Position Type
Regular

Position Overview

Legg Mason is hiring a Compliance Manager for its Melbourne, Australia office. Reporting to the Compliance Director located in New York, the incumbent will serve as the lead Compliance representative in Australia for the managed investment scheme and distribution business. The incumbent will work closely with region management to develop and monitor controls for the company’s Australia operations to ensure compliance with relevant laws, regulations and requirements.

Key Responsibilities & Duties Include, but not Limited to

  • Responsible for the overall day-to-day compliance function in Australia to provide support and work closely with the various businesses and operations in the Australia office 
  • Identify regulatory risks, and advise on all compliance and regulatory issues including conflicts of interests and ethical matters. 
  • Participate in legal board and senior management committees including presentation of reports.   
  • Act as the primary liaison with regulatory authorities and agencies such as the Australian Securities and Investment Commission (“ASIC”) for any inspections, inquiries or regulatory filings. 
  • Responsible for the company’s licensing, registration regulatory reporting and timely submission of reports as required by regulatory agencies. 
  • Conduct regular reviews of business activities for adherence to regulatory requirements, internal policies and procedures such as AML checks, review of sales practices, gifts and entertainment, personal data protection and personal trading activities. 
  • Assist in overseeing outsourced activities to determine that regulatory controls are functioning effectively 
  • Ensure compliance monitoring including risk and control assessments of the Company is completed 
  • Review advertisements and marketing materials distributed in Australia for adherence to regulatory requirements 
  • Monitor regulatory developments, advise business on regulatory updates, control and compliance issues and provide practical solutions to resolve them 
  • Revise and update compliance policies and procedures to reflect changes in legal, regulatory and internal requirements 
  • Conduct relevant training on internal policies and rules and regulations 
  • Maintain proper file and documentation for audit and inspection 
  • Coordinate and work with compliance colleagues globally for efficiency and consistency
  • Work closely with Legg Mason investment advisor affiliates based in Australia and elsewhere 
  • Supervise one Compliance team staff member 
  • Perform other duties as assigned

Ideal Qualifications and Experience

  • Degree in Accountancy, Banking, Finance or related field
  • At least 5 years relevant experience in the financial services industry, preferably in asset management
  • Good knowledge and understanding of corporate governance and regulatory compliance
  • Good knowledge of ASIC and relevant Australia legislations and guidelines
  • Experience in dealing with ASIC
  • Excellent interpersonal skills and articulate communication skills
  • Display initiative, ability to work independently and in a team
  • Demonstrate sound judgment and decision making skills

Company Overview

Legg Mason is a leading global asset management firm that offers rewarding career opportunities for individuals who share our core values: integrity, collaboration, and passion for results, empowerment, and a commitment to our profession. We have a presence in every major financial center across the globe, and we look for exceptional professionals who want to shape a rewarding career through intellectual curiosity, leadership, and team-oriented approach. If you are passionate about the investment business and about building your future with one of the industry's premier firms, consider the opportunities at Legg Mason today.

 

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