Role details

Compliance Officer (RIA - 1940 Act)

Chicago   •  Permanent

Bullet points

  • Leading Asset Management firm located in the downtown Chicago loop
  • Prior experience related to the Investment Advisers Act of 1940 required

About Our Client

Our client is a leading asset management firm located in the downtown Chicago loop.

Job Description

  • Work regularly with the CCO-Fixed Income, CCO-Central Compliance, and other divisional CCOs and legal staff in developing and implementing policies and procedures for registered investment adviser, with a specific emphasis on the Investment Advisers Act of 1940 and related rules and regulations.
  • Assist in the analysis, development and implementation of policies and procedures to ensure compliance with various regulations including the Investment Advisers Act of 1940 and the Investment Company Act of 1940 rules and regulations.
  • Review, analyze and respond to regulatory inquiries, including relating to the SEC and NFA/CFTC.
  • Review marketing materials, including advertising, sales literature, correspondence, and RFP/RFI/DDQs.
  • Manage ad hoc and strategic projects, including development of surveillance reports and other technology initiatives.
  • Liaise with senior business personnel regarding special projects and regulatory initiatives; provide guidance and analysis of rules and/or firm policies as appropriate.
  • Assist the CCO in the development and administration of Advisers Act Rule 206(4)-7 and compliance programs; help define and develop risk parameters, implement the programs and review the final reports.
  • Conduct periodic audits of compliance policies and procedures pursuant to Rule 206(4)-7 of the Investment Advisers Act and prepare written documentation of results for submission to the CCO.
  • Assist the CCO in the annual review and amendments to Form ADV and other applicable regulatory reporting requirements.
  • Provide compliance guidance relating to new product development initiatives; including identifying potential compliance risks and ensuring that compliance processes and systems are developed and implemented.
  • Coordinate or assist in regulatory examinations and prepare information and responses to various requests.
  • Help develop and conduct training and education to staff relating to policies and procedures and any amendments.

The Successful Applicant

  • Minimum of ten years of industry experience, including compliance experience relating to the Investment Advisers Act of 1940 and related rules and regulations. Strong preference for graduate degree in law or business.
  • Candidate must be functioning as a senior compliance officer and be accustomed to working independently, leading large scale projects to completion and functioning as a constructive member of a team.
  • Broad experience with fixed-income markets and securities products preferable.
  • Candidate must be able to work well in a team structure involving both business and support functions. Have experience dealing with regulatory changes and policy implementations relating to such changes.
  • Experience with portfolio management systems and/or compliance monitoring systems for use in monitoring and reporting account activity; Knowledge of compliance tools such as Aladdin or similar portfolio compliance monitoring system a plus.
  • Demonstrated analytical ability, strong written and oral communication skills.
  • Excellent interpersonal skills; ability to interact with all levels of staff including senior management.
  • Regulatory experience with the SEC a plus.
  • Knowledge of CFTC and NFA rules and regulations a plus.
  • Knowledge of Investment Company Act of 1940 and regulations a plus.
  • Must be detail oriented.

What's on Offer

Competitive Base Salary + Bonus + Excellent Benefits

Apply for this job

Click the Apply or LinkedIn button below or contact Damon See quoting job reference 1203814
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