Regulatory Affairs Officer

WHO IS WESTERN ASSET

Western Asset Management focuses on supporting our clients' financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.

The Regulatory Affairs Officer will help ensure compliance with fast-changing US rules and regulations, including advising on potential strategic impact and coordinating internal groups to implement changes and ensure proper internal controls. We rely on building strong relationships with other internal teams, and value a diplomatic approach to addressing legal issues and compliance.

What You Will Do

• On real-time basis, monitors US regulatory environment, including SEC proposals and industry news; assesses potential impact on global firm; drafts summaries for internal and potentially external purposes; advise on strategic implication of new and changing policies and regulations; and assists with developing and implementing strategies to address.
• Drafts and manages discussions on policy and procedure changes for regulatory rules; drafts real-time updates to Compliance Manual; and reviews and proposes necessary changes to Compliance Manual policies on at least annual basis.
• Drafts internal alerts on key regulatory changes and assists with training activities.
• Oversees compliance testing, including for thematic issues, and drafts reports for senior management on findings.
• Collaborates with Legal, Client Service, Enterprise Risk, Investment Management and other internal groups to ensure readiness for new rules and regulations, as well as for ad-hoc requests.
• Develops and maintains professional relationships in federal, state and local regulatory agencies, and with industry groups.
• Performs special projects for Legal and Compliance team, as needed.

What You Will Bring:

• A minimum of 7 plus years of legal experience, and member of California bar.
• Five plus years of financial industry experience. Experience with U.S. regulatory rule making agency or financial services trade organization a plus.
• Knowledge of applicable regulations, and ability to stay current on regulations in fast-moving regulatory environment.
• Knowledge of compliance systems, policies and procedures.
• Experience interpreting and assessing impact of regulatory proposals and legal documents.
• Good organizational skills, fast learner, with the ability to self-start, multitask, and prioritize.
• Eye for detail and eager to play a part in the broader legal and compliance function.
• Strong analytical and problem-solving skills.
• Team player, keen to learn from others and energized by continued professional development.
• Service-oriented attitude, with ability to provide timely responses to business requests.

Expected base salary for the role will generally be between $140,000 - $190,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include other forms of compensation such as, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

About Western Asset

At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

Our Commitment to Diversity

We believe a diverse and cohesive workforce promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented. We are committed to unlocking the power of diversity through an inclusive environment that affords everyone the opportunity to develop individually, advance professionally and participate fully in the Firm's success.

EQUAL EMPLOYMENT OPPORTUNITY ("EEO")

Western Asset Management is an Equal Opportunity/AffirmativeAction Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.

Link to Equal Employment Opportunity Statement

Link to Pay Transparency Notice

Link to Equal Employment Opportunity Poster

Link to Equal Employment Opportunity Poster Supplement

Link to Vietnam Era Veterans Readjustment Assistance Act

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