Senior Compliance Manager - Enhanced Monitoring & Supervision

About this role

Why Work at Mercer Advisors?

For more than 40 years, Mercer Advisors has been helping families amplify and simplify their financial lives by integrating financial planning, investment management, business management, tax, estate, insurance, and more, all managed by a single team. We deliver the kind of comprehensive care once reserved for only the wealthiest households.

Today, we serve over 42,800+ families across 110+ cities across the U.S. Ranked the #1 RIA Firm in the nation by Barron’s for two consecutive years, Mercer Advisors is an independent fiduciary legally bound to act in our clients’ best interests — always.*

Mercer Advisors offers a workplace that stands apart in the financial industry. More than half of our employees and client-facing professionals are women, reflecting the clients we serve. With a flexible, national footprint, we build our teams around exceptional talent — wherever they are.

Join us and help families amplify and simplify their financial lives with confidence.

* Mercer Advisors was ranked #1 for RIA firms with up to $70 billion in assets. The Barron’s top RIA ranking is based on a combination of metrics – including size, growth, service quality, technology, succession planning and others. No fee was paid for participation in the ranking, however, Mercer Advisors has paid a fee to Barron’s to use the ranking in marketing. Please see important information about the ranking criteria methodology here.

Job Summary:

The Senior Compliance Manager – Enhanced Monitoring & Supervision is responsible for the design, implementation, and ongoing administration of the firm’s enhanced-risk client, employee, and business activity monitoring framework. This role focuses on identifying, assessing, and monitoring elevated risk across clients, employees, advisors, and business practices.

The role includes developing a risk-based high risk evaluation framework consistent with applicable regulatory expectations and industry best practices, including principles derived from AML and financial crime frameworks. This role is anticipated to be actively involved in developing the framework in response to proposed AML regulations applicable to Registered Investment Advisors.

Essential Job Functions for this role include:

Implement and maintain High Risk Client Framework

• Design and implement high risk client identification and evaluation framework

• Develop risk scoring methodology and high-risk criteria based on client risk indicators, regulatory obligations and firm risk thresholds

• Oversee enhanced due diligence-style reviews

Internal Employee & Advisor Risk Monitoring

• Monitor internal employee and advisor activities for elevated compliance risk

• Assess outside business activities and conflicts of interest

• Identify patterns and behaviors indicating increased risk

Heightened Supervision Oversight

• Design and manage heightened supervision plans

• Track adherence and escalating issues

• Ensure remediation and documentation

Business Practice Monitoring

• Monitor high risk business practices including onboarding, fees, and vendor relationships for conflicts of interest and inconsistent or suspicious activities

• Identify deviations from policy and emerging risk areas

• Participate in internal reviews based on customer feedback or internal escalations

Risk Assessment & Reporting

• Conduct risk assessments for clients, employees, and business practices

• Develop dashboards and reporting for senior management

• Support regulatory readiness and audit documentation

Knowledge, Skills, and Abilities:

• Bachelor’s degree required

• 5+ years of experience in compliance or risk management

• Strong knowledge of investment adviser regulations, AML and enhanced due diligence requirements.

• Strong analytical, investigative, and documentation skills.

• Ability to exercise sound judgment and maintain confidentiality in sensitive matters.

• Strong written and…