Job Description:
PRIMARY PURPOSE OF THE POSITION:

This position exists under the direction and supervision of the Associate Director of Compliance to provide direction and leadership to multiple business units in maintaining and enhancing their respective compliance programs and to lead business unit and firm-wide projects to improve compliance processes/programs. The nature and scope of the position includes the responsibilities set forth below which encompass all entities at TRP including the following: T. Rowe Price Mutual Funds, T. Rowe Price Associates, Inc., T. Rowe Price Investment Services, T. Rowe Price Services, TRP Savings Bank, TRP Trust Company, TRPGAM, TRPGIS, TRP Finance, TRP Canada, TRP Advisory Services and TRP International. In addition, all TRPG products are supported by this position.

PRINCIPAL RESPONSIBILITIES:

* Lead Compliance Projects – Under the direction of the Assistant Director of Compliance, this position acts as the lead on projects driven by the needs of the business units or the CCO. Projects are often firm-wide in nature as they impact the majority of business units and, depending on project, may last over several quarters. This includes creating the project plan, implementation of solution(s), and conducting post-implementation analysis. The position will coordinate resources from the Compliance Department, Business Units, and outside parties to accomplish project goals, manage the project team, and follow-up on project deadlines. Further, projects may be focused on compliance areas new to the firm or in areas where there is a low level of expertise, thus increasing the level of project complexity and requiring the incumbent to be resourceful and creative in their problem solving approaches. For example, the position may lead third party process reviews, manage the firm-wide record retention project or handle other critical/new projects.

* Compliance Programs – Provides direction and acts as a subject matter expert for the senior managers who work as Business Unit Compliance Coordinators in monitoring and enhancing compliance programs for their respective Business Unit. Position works with business units to identify areas of program improvement, problem resolution, and to work on follow-up requests as needed. May provide customized work plans, documentation templates, detailed compliance risk assessments, and support in development of policies and procedures. This role is typically assigned to handle highly complex situations, issues that may ultimately have firm-wide impact or sensitive issues that require advanced negotiation/conflict resolution skills. Further, this role is expected to be proactive in identifying issues and be able to easily shift priorities as needed to meet business needs. In conjunction with the Associate Director of Compliance, acts as a consultant to the Business Units by proactively supporting the development, maintenance and continued enhancement of their compliance programs, problem solving, and providing guidance.
* Risk Based Testing– Will conduct enterprise wide testing of policies and procedures. These tests are mandated by the SEC via rules 38a-1 and 206(4)-7. The testing will ensure TRPG has policies and procedures in place, is following stated policies and procedures and will assess whether or not the policies and procedures are sufficient to accomplish their objectives. If they are not sufficient, the position will work with the policy and procedure owners to identify the areas of concern, offer recommendations and manage the follow up to ensure the areas of concern have been addressed in a timely manner. High risk areas will be reviewed with the goal of conducting testing that prepares the Business Units for the scrutiny likely to be encountered during an SEC exam. This position works with the Associate Director of Compliance to define the scope of these efforts. Once defined, the incumbent will investigate the topic area, define problems, and develop recommendations in order to mitigate risk.

* FINRA Audits – Utilizes expert knowledge of SEC and FINRA regulatory requirements in order to inspect, analyze and review the activities of each office of Investment Services – including securities transactions, recordkeeping, new accounts, correspondence, telephone communication, advertisements, sales and marketing literature, registration requirements and financial reporting procedures. Works in conjunction with the Investment Services Compliance Officer in inspecting offices and reporting findings to Senior Management.
5. Industry Issues – Researches current industry compliance issues and analyzes impact on TRPG. Communicates relevant information to various business units which requires sound understanding of the business functions of all business units across TRPG.

QUALIFICATIONS:

* Series 7 -General Securities Representative required
* Series 24 – General Securities Principal required
* Series 53 – Municipal Securities Principal required
* Bachelor’s degree with 5 years experience in compliance, legal, or related field preferred
* Knowledge of the investment management industry preferred
* Accounting, project management or consulting experience preferred
* Knowledge of FINRA, SEC and other Regulatory and Self Regulatory Organizations rules and regulations required
* Knowledge of MS Word, Excel, PowerPoint and Access required
* Excellent interpersonal skills, to include strong influence skills, in interacting with a diverse group of internal and/or external contacts required
* Ability to establish project plans with timeliness and accountable for results required
* Ability to develop and maintain good working relationships with members of various business units, regulatory agencies and other external contacts required
* Ability to draft complex documents for Director of Compliance’s review required
* Demonstrates willingness to assist others within the group to accomplish common objectives required
* Exceptional creative thinking and problem solving skills required

T. Rowe Price is an Equal Opportunity Employer

Expected Travel Time: None