Manager, Business Unit Risk-Compliance Liaison - Ameriprise Financial

The Wealth Management Solutions (WMS) Products Risk Manager will assist, oversee, and influence business partners and senior business leaders for WMS Products (e.g. mutual fund, 529 plans, alternative investments, capital markets and structured products) and/or larger scope initiatives to ensure that adequate compliance policies and procedures are developed, implemented and maintained. Responsibilities include policy, controls, and risk initiative oversight and management, product compliance and supervisory activities (WSP, SOX, PPASP, etc.), as well as participating in projects or other initiatives to drive the business agenda. This role will work with internal cross-organizational business partners, as well as external product firms to perform their product management and oversight functions.

Key Responsibilities

• Work with business partners and senior leaders to ensure that adequate compliance and risk policies and procedures are developed and implemented

• Understand applicable laws and regulations, analyze their effect on business practices, and work with the General Counsel Office (GCO), Compliance and Operational Risk areas as needed to clarify requirements and address related issues. 

• Maintain current knowledge of industry practices and developments. Escalate issues and maintain records, as required or appropriate. Take action within authority or review with leader/GCO Compliance/Operational Risk groups prior to taking action.

• Support and Manage WMS Product compliance and risk initiatives. Provide coaching/training and actively partner with product and relationship management, due diligence, and IRG on WMS products appropriate business partners and leaders with respect to key business initiatives. Spot trends and influence change.

• Participate in cross organizational initiatives representing WMS Products as subject matter expert.

• Coordinate and support timely responses to regulatory, internal or external audit, or risk and compliance testing requests.

• Take action within authority or review with leader prior to taking action.

• Lead complex and non-routine issue resolution with internal/external partners.

• Identify and recommend changes to policies, procedures and reporting.

• Perform as the business SME or lead on small to medium size projects.
   

Required Qualifications

• Bachelor's degree (or equivalent work experience)

• 5+ years of relevant experience

• Understanding of the regulations and laws that impact the assigned line of business

• Analytical, problem-solving, and synthesizing skills

• Strong Microsoft Excel skills

• Strong communication skills

• Active Series 7

• Active Series 24
   

Preferred Qualifications

• Knowledge of Mutual Funds, 529 Plans, Alternative Investments, Capital Markets, and Structured Products.

• The role serves as a Subject Matter Expert and/or RP for required field training, and must demonstrate strong expertise in applying Reg BI, compliance, and risk management practices.

• A solid grasp of the regulatory environment, particularly as it pertains to complex products, is essential., or the ability to quickly learn them.

About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of 2024. With our team of more than 20,000 people in 20 countries, we advise, manage and protect assets and income of more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

The estimated base salary for this role is $81,700-105,000 $###,### / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.Full timeExemptLegal AffairsFPPS Wealth Management Solutions