Compliance Director

To apply for this position, email us your cover letter and CV.

Eventide Asset Management, LLC is a Boston-based investment adviser providing values-based advisory services to its clients since 2008. The firm is growing as a leader in values-based investing designed to serve investors and help improve our world. Eventide’s trademark is “Investing that Makes the World Rejoice.®” The firm serves as investment adviser to the Eventide mutual funds as well as providing model portfolios and model mutual fund allocations to intermediary platforms used by financial advisers. Eventide has grown to approximately 30 employees with $3.1 billion in assets under management. Eventide is based at One International Place near Boston’s waterfront. We look forward to meeting candidates eager to join our exciting mission—seeking out investments in companies that create compelling value for the global common good.

DUTIES AND RESPONSIBILITIES

The successful candidate for this Compliance Director role will enjoy excellent opportunities for advising senior management and gaining knowledge across a wide range of topics. This position is responsible for providing thought leadership regarding the design, implementation, testing, and continual improvement of Eventide’s compliance program. This position reports directly to Eventide’s Chief Compliance Officer and General Counsel and works closely alongside the firm’s Compliance and Risk Analyst.

Examples of specific job duties include:

  • Providing compliance and regulatory updates senior management as well as officers and trustees of the Eventide mutual funds
  • Analyzing and researching complex regulatory matters involving investment advisers, investment companies, marketing and distribution practices, and changes to business activities and regulations
  • Designing, drafting and maintaining policies, procedures, responses to questionnaires, regulatory filings, compliance calendars, and other documents supporting compliance programs maintained by Eventide and the Eventide Funds under 206(4)-7 and Rule 38a-1, respectively
  • Reviewing advertising, social media, electronic communications, personal trading, conflicts of interest, portfolio compliance limits, and other compliance oversight functions
  • Presenting complex matters and recommendations to internal and external parties including senior management, trustees, sub-advisers, vendors, and regulators
  • Providing regulatory guidance to all Eventide departments including portfolio managers, research analysts, trading, finance, sales and marketing, and operations
  • Performing periodic risk assessments and testing

QUALIFICATIONS

  • Minimum of a bachelor’s degree is preferred in business, economics, or a related field (JD and/or MBA experience would be helpful in this role)
  • 10+ years in a financial services role involving compliance, legal or audit responsibility related to investment advisers, investment companies, and related distribution practices
  • Strong knowledge of the Investment Advisers Act and the Investment Company Act, including prior responsibility for related controls, policies, and/or reporting
  • Strong analytical, communication, and writing skills, with high attention to detail
  • Experience and passion in values-based initiatives, investments and/or causes
  • Experience with FINRA and investment adviser advertising requirements
  • Advanced systems and data skills, including with Google and Microsoft, spreadsheets, Edgar, Schwab’s SCT system, Smarsh and/or other e-communication retention facilities
  • Independent and confident self-starter ready to drive improvements in a small firm
  • Proven history of improving control functions for investment advisers and/or funds

Compensation

Compensation will be commensurate with experience and capabilities. We offer structures that include base and bonus, as well as a full benefits package.

To apply for this position, email us your cover letter and CV.

News › Compliance Director

Mutual Funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Funds’ ethical values screening criteria could cause it to under-perform similar funds that do not have such screening criteria. The Funds can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards.

The Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Funds can also have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The Funds can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks. Investors in the Gilead Fund should be aware that companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products.

Investors in the Eventide Multi-Asset Income Fund should be aware that interest rates are at historic lows and may change at any time based on government policy. In general, the price of a fixed income security falls when interest rates rise. A rise in interest rates may result in volatility and increased redemptions, which in turn could result in the fund being forced to liquidate portfolio securities at disadvantageous prices. Longer- term securities may be more sensitive to changes in interest rates. The intermediate-term bond portion of the Multi-Asset Income Fund’s portfolio may represent 0% to 100% of the Fund’s portfolio with an average duration of between two and eight years. The Eventide Multi-Asset Income Fund may invest in other funds. If other funds are utilized, such underlying funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in underlying funds and may be higher than other mutual funds that do not invest in underlying funds. The Fund may invest, directly or indirectly, in “junk bonds.” Such securities are speculative investments that carry greater risks than higher quality debt securities. There are unique risks associated with REITs, preferred stocks, convertible bonds, and BDCs that are covered in the Fund’s prospectus and SAI.

The Eventide Multi-Asset Income Fund and Eventide Global Dividend Opportunities Fund can invest in MLPs and Yieldcos. MLPs carry unique risks including risks surrounding its tax status and risk pertaining to rising interest rates, both of which can negatively impact share price. Yieldcos carry different risks including Yieldco Sponsor Risk and cash flow risk. The Eventide Global Dividend Opportunities Fund can invest in Industrials and Utilities. Companies in the Industrial Sector carry various risks including, but not limited to, risk related to debt loads, intense competition, and sensitivity to economic cycles. Companies in the Utilities sector are subject to interest rate risk and cash flow risk. The Eventide Global Dividend Opportunities Fund is a new mutual fund and has a limited history of operations for investors to evaluate.

An investor should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA, which is not affiliated with Eventide Asset Management, LLC.