Business Unit:

Salary Range:

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description:

We are currently seeking an experienced compliance professional to support Russell Investments institutional businesses, Funds subject to the requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”) and U.S. registered investment company compliance programs.  Experience working with funds or separate accounts subject to ERISA is a plus.   Reporting to the Funds Chief Compliance Officer, you will be responsible for a wide variety of compliance matters, working collaboratively with other compliance staff in the global compliance department and directly with clients. You will be focused on supporting all aspects of our growing institutional asset management funds business, including support of compliance programs, policy and procedure reviews and testing of certain identified controls under the compliance programs.  You will be responsible for ensuring client reviews are completed for identification purposes and anti-money laundering (“AML”) requirements.  As an AML officer, you will be the primary person supporting all of Russell Investments’ U.S. AML programs.  You will also be responsible for the preparation and presentation of certain board or board committee materials and assist in new and ongoing product development. 

You are a competitive candidate if you have strong communication skills and the ability to work effectively with various departments within our company, such as product development, legal, marketing, sales and operations.  You are also effective working with external partners, including fund administrators, transfer agents and other vendors associated with the funds.  Finally, you have a growth mindset and are skilled at taking a complex set of problems and creating simple solutions.  We value collaboration and diverse perspectives and encourage applications from individuals of all backgrounds.

Core Responsibilities:

Fund Compliance Program Support

• Provide compliance support to the compliance programs covering funds and separate accounts.
• Conduct oversight and testing of the written policies and procedures of the Russell Investments Trust Company (“RITC”), a Washington State Chartered non-depository bank, and various service providers (including sub-advisers).
• Conduct oversight and independent testing of the written policies and procedures of various service providers (including sub-advisers) to Funds and client separate accounts.
• Support the development and launch of new funds by reviewing fund governing documentation and updates.
• Assist in the onboarding of new clients, client reviews associated with applicable Anti-Money Laundering requirements and ongoing reviews as required by applicable procedures.
• Assist the Chief Compliance Officer in ensuring the compliance programs are maintained and implemented effectively. 

U.S. Compliance

• Partner with legal teams on regulatory change projects and maintain up-to-date regulatory knowledge. Monitor and interpret regulatory developments affecting clients of Russell Investments including ERISA funds and accounts and U.S. registered investment companies, including ETFs, advising on necessary changes to business practices, policies and procedures.
• Support and/or manage responses to regulatory authorities (e.g., Department of Labor, Washington State Division of Financial Institutions, SEC, CFTC, FINRA) to address regulatory inquiries and filings.
• Provide leadership and support of Russell Investments’ U.S. Anti-Money Laundering programs.
• Participate in board reporting responsibilities for various Funds covered by the US Funds compliance team.
• Identify and mitigate regulatory risks associated with the asset management business.
• Develop and implement policies and procedures to ensure compliance with legal and regulatory requirements.
• As a member of the RI Compliance Team, provide support to Russell Investments’ U.S. compliance programs for U.S. Registered Investment Companies, investment advisors and broker dealers, as needed.  Additionally, you may be assigned certain support responsibilities for Russell Investments’ global compliance efforts, as needed.

Your Expertise:

• A minimum of 5 years of compliance experience related to investment management. 
• Strong knowledge of securities laws and regulations applicable to funds (including AML and ERISA).
• Proven ability to manage complex projects and deliver high-quality results within deadlines.
• Experience drafting and finalizing policies and procedures.
• Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and external partners.
• Commitment to professional ethics, integrity, and attention to detail.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity 

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation,  past or present unemployment status , or any other characteristic protected by law.