Company Description

AllianceBernstein (AB) is a global investment-management firm providing industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. We offer high-quality research and diversified investment services to institutional and individual investors worldwide. Our clients include some of the world's top institutions as well as private-wealth clients and retail investors. Through close partnerships with our clients, we collaborate on investment strategies across regions and sectors to inspire innovative thinking and deliver superior outcomes.

We invest in our people and in the communities in which we operate, and we celebrate our diversity to showcase what makes us unique. We offer our talent the opportunity to grow professionally while working on cutting-edge ideas and outcomes in a global culture that operates as a tight-knit community.

Department Profile

The Legal and Compliance Department is responsible for ensuring compliance with all of the legal and regulatory requirements to which we are subject, protecting the firm from regulatory and reputational risk across the globe, and strengthening the firm’s culture of compliance. We do this through collaborative partnership with the business units we support by providing thoughtful and timely advice. In addition, the department conducts global monitoring and training activities that, detect, address and mitigate regulatory and reputational risk. The advice coupled with the monitoring and training activities provide the framework to support the firm’s business strategy and objectives while maintaining a high standard for integrity.

Team Description

The Mutual Fund Compliance Team is responsible for compliance oversight in the following areas: AB’s 1940 Act Mutual Funds (including Exchange Traded Funds (“ETFs”), AB’s Luxembourg Registered Funds (“UCITS”), Sub-Advised 1940 Act Funds where AB is the Sub-Adviser, and AB’s Business Development Corp (“BDC”). In addition to monitoring and training activities, we are responsible for providing reporting to the Fund Board of Directors and external Advisers. Finally, we take great pride in being a value-add resource to internal clients, most notably Portfolio Management and the Request for Information and Request for Proposal teams.

The Code of Ethics Compliance Team is responsible for the monitoring and enforcing of AB’s Code of Business Conduct and Ethics which includes oversight in the following areas: Employee Personal Trading, Gifts and Entertainment (“G&E”), and Political Contributions.  The team utilizes StarCompliance as its primary monitoring application to review and analyze alerts generated.  We place a high value on independence, teamwork, and collaboration and encourage innovation and creativity as we continue to enhance and automate our processes and controls.

Role Description

You will dedicate a portion of your time supporting the Mutual Fund Compliance team with its compliance oversight of ETFs and UCITS.

You will conduct review of each of AB’s ETF websites prior to 9:30 ET to ensure Rule 6c-11 required information is posted. You will be responsible for escalating any identified issues to AB’s ETF Operations and Mutual Fund Compliance teams and allow for adequate time to investigate and remediate any issues. You will also will assist the Mutual Fund Compliance team with per-launch set-up activities of AB’s ETFs including: liquidity coding; derivative coding; confirming proxy set-up; confirming other various reporting aspects. On a quarterly basis, you will assist the Mutual Fund Compliance with quarterly custom basket testing with quarterly Board reporting, specifically reporting any exceptions related to the daily website review.

You will also assist the Mutual Fund Compliance team with various UCITS-related reviews, including:

• Perform periodic three-tiered investment guideline reviews, comparing the following: BBH compliance system/AB’s compliance system/Fund Prospectus

• Perform monthly tasks associated with monitoring UCITS illiquid securities (“Trash bucket”)

• Perform monthly tasks associated with SFDR compliance reporting (process still being established)

• Perform bi-annual review of all ETF investments to ensure they remain UCITS eligible

• Perform bi-annual review of all indices to ensure they remain UCITS eligible

Lastly, you will assist the Mutual Compliance team in July and August each year by conducting an annual N-PX reconciliation on behalf of sub-advised fund clients.

A portion of your time will also be dedicated to assisting the Code of Ethics Compliance team with the following:

Personal Trading Responsibilities

• Review of false alerts in transaction cases – help address false alerts so the team in Nashville can focus on the higher risk cases.

• Inputting transactions for non-US employees – help input non-US employees’ transactions into StarCompliance.

• Insider Trading Report – Create an insider trading report for the team in Nashville to use to review for flagged trades.

• Bernstein Research Restricted Trading Report – Create a report for the team in Nashville to use to review for flagged trades.

• Broker Account Updates – Help update feeds for new and closed accounts to ensure account data in StarCompliance is accurate and complete.

Misc. Code of Ethics Responsibilities

• Support outside of US-hours to cover ad hoc e-mails.

• Support maintaining the list of covered employees and FAs in StarCompliance.

• Support cleaning up the G&E contacts list so that we can improve monitoring in line with policy requirements.

• Support cleaning up the Political Activity beneficiaries and election cycles so that we can improve monitoring and record keeping.

Minimum Qualification

• 1-3 years of experience handling compliance matters under the Investment Company Act of 1940 and the Investment Advisers Act of 1940.

• Four-year college degree (advanced degree is a plus)

• Proficiency with MS Office, especially Excel

Preferred Qualification

• Experience with compliance matters related to Sub-Advisory Fund Compliance

Pune, India