VP to CCO Asset Management Compliance VP to CCO Asset Management Compliance …

The Compliance Search Group, LLC
in Newark, NJ, United States
Permanent, Full time
Be the first to apply
100k + Bonus
The Compliance Search Group, LLC
in Newark, NJ, United States
Permanent, Full time
Be the first to apply
100k + Bonus
The asset management division of a major international financial services firm is seeking an experienced leader to serve as a Senior Level Vice President or CCO to lead the Compliance program for the company’s $300 billion regulatory AUM portfolio.

The asset management division of a major international financial services firm is seeking an experienced leader to serve as a Senior Level Vice President or CCO to lead the Compliance program for the company’s $300 billion regulatory AUM portfolio.

Summary

  • The position is part of the Compliance Organization and will manage a small team, overseeing compliance for their Alternative Investments, Private Funds, Separate Accounts, and Real Estate Investments; and assist the Mutual Fund and Adviser CCO. This role supports the CCO in all aspects of the adviser’s and Funds’ compliance programs to assure that day-to-day business activities are conducted in compliance with applicable policies, laws, and regulations. This role will serve as a partner in strategic projects (including implementing regulatory changes or new processes in response to business initiatives). An important part of the role will be to generate ideas to enhance the compliance program, eliminate inefficiencies and increase program effectiveness so that risks are appropriately identified and mitigated.

Responsibilities include:

  • Building and implement a proactive, strategic compliance program that is risk-based, and data driven.
  • Designing and implementing a compliance program for registered investment advisers and registered investment companies that is effective in preventing, detecting, and mitigating violations of applicable law or internal policies. The Vice President also will support the CCO with the transfer agent’s compliance program.
  • Developing a strategic approach to compliance which is proactive and preventative.
  • Driving enhancements to existing compliance program including governance and reporting.
  • Develop change management and communication strategies to ensure a culture of continuous improvement, teamwork, and the sharing of best practices.
  • Monitoring regulatory developments for alternative fund investing in the United States and Europe and providing real-time assessments of our portfolio.
  • Developing and implementing compliance due diligence program to evaluate private fund trading, allocation, and fee and expense practices.
  • Advising on the regulatory requirements of financial services firms in which we invest.
  • Performing due diligence review of the compliance programs of asset managers, including reviewing compliance manuals and testing programs.
  • Monitoring and testing the trading activities of the company’s centralized derivatives trading unit and cash management unit.
  • Developing integrated monitoring tools for portfolio compliance monitoring for the proprietary assets supporting insurance liabilities in the general account and Guaranteed Separate Accounts.
  • Assessing compliance risk and operating a compliance monitoring and testing program appropriately tailored to the risk of the business activities.
  • Administer compliance policies and procedures for the Funds, and transfer agent, including oversight of portfolio compliance for the Funds and compliance testing for various Fund and adviser activities.
  • Oversees regular and ad hoc compliance reporting to the Boards and internal stakeholders (including reporting by Fund service providers).
  • Monitoring actual and potential conflicts of interest.
  • Drafting policies and procedures.
  • Developing talent and maximizing team effectiveness.
  • Driving alignment and consistencies across the company’s compliance programs and initiatives.

  • Establishing and maintaining strong relationships with business and other Compliance partners as well as Legal, Risk, and Audit.

Qualifications

  • 12+ years of relevant financial service compliance or regulatory enforcement experience.
  • Technical compliance expertise with superior knowledge, skills and experience in compliance risk management
  • Significant experience conducting compliance due diligence on and monitoring compliance programs of investment managers.
  • Knowledge of cash market securities and alternative assets including hedge funds, private equity and real estate.
  • Knowledge of derivatives regulation, including Dodd Frank Title VII and state insurance regulatory related compliance matters.
  • Experience working in an asset management firm or insurance company. Knowledge of insurance general account portfolio management a plus.
  • Strong knowledge of investment management and related regulations, including ability to identify requirements related to regulatory changes.
  • Bachelor’s degree or equivalent experience required. JD, MBA or advanced degree preferred

Please email resumes to Jack Kelly at jack@compliancesearch.com

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