Mutual Fund Compliance Professionals

Mutual Fund Compliance Professionals Hold Meeting

A mutual fund is a professionally managed investment pool that is sold to the public through the sale of shares representing an ownership interest. Compliance professionals ensure that mutual fund companies are in compliance with laws and regulations that have been established by the federal government (such as the Investment Company Act of 1940 and the Investment Advisers Act of 1940 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010), state governments, and voluntary investor-protection organizations such as the Financial Industry Regulatory Authority. Per rules established by the Investment Company Act of 1940, they are hired and compensated directly by mutual fund boards of directors. 

Next Section: History

Quick Facts
Alternate Title(s) Chief Compliance Officers, Compliance Analysts, Compliance Directors, Compliance Officers, Senior Compliance Analysts
Duties Devise, implement, and oversee compliance monitoring programs; prepare reports for corporate boards and regulatory agencies
Salary Range $50,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in large cities
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Government
Experience Internship (analysts); five to 10 years experience (chief officers)
Personality Traits
  • Enterprising
  • Hands On
  • Problem-Solving
  • Financial
  • Leadership
  • Organizational
Certification or Licensing Required
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Faster than the Average
Career Ladder
  • Chief Compliance Officer
  • Compliance Officer
  • Senior Compliance Analyst
  • Compliance Analyst

Related Industries