Momentum’s client, a large public investment fund, is currently seeking a Chief Compliance Officer to lead the Compliance Team on all essential compliance and enterprise risk activities for our organization. He or she would be responsible for managing a compliance specialist and working in tandem with the Legal team to address compliance, regulatory and enterprise risks for the firm. This position reports to the General Counsel.
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Responsibilities:
- Assist the General Counsel in overseeing various aspects of the compliance program to ensure that it is being performed as designed, including compliance in the following areas:
- Investment fund compliance, including compliance with Board policies such as investment policy statements for the various company funds and other Board policies such as the Liquidity, Derivative and Delegation of Authority policies
- Compliance with ethics policies, including issues relating to conflicts of interest, personal trading, and gifts and entertainment
- Compliance of third parties with applicable company policies, requirements and contractual obligations
- Assist the General Counsel in identifying areas of institutional or enterprise risk and in continuing to develop, implement, monitor and report on those risk areas
- Assist in the development of risk assessment methodologies to be used by each department in conducting detailed compliance and risk assessments
- Communicate information with the General Counsel and other officials on the operation of the compliance program with emphasis on those instances of non-compliance that require executive action or have institutional-wide impact
- Develop and assist in the delivery of new employee onboarding and new board compliance training.
- Develop and assist in the delivery of general compliance training for all employees.
- Receive and analyze compliance reports.
- Manage the compliance hotline.
- Assist in reporting compliance issues to the Audit and Ethics Committee and Risk Committee of the Board.
- Assist the Legal team in identifying and mitigating compliance or regulatory risks in investment and other contracts
- Coordinate with the Company’s Compliance and Internal Audit teams to address compliance or enterprise risks a needed
- Assist the General Counsel in the ongoing development and implementation of the Enterprise Risk Management program
- Manage outside counsel as needed on compliance, regulatory or other legal matters
- Assist the General Counsel in discharging duties related to the Employee Ethics Committee
- Firm understanding of and provide legal advice relating to the laws, rules and regulations applicable to investment managers (e.g. Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, CFTC Rules and Regulations, ERISA, etc.)
Requirements:
- J.D. degree from an accredited law school
- Member of a state bar association
- 8+ years of experience with a top tier law firm/in-house counsel/compliance firm or equivalent peer institution
- Compliance experience with a diverse investment management or financial services firm
- Experience with a governmental financial regulatory agency, such as the SEC or a state securities board, a plus
- Unquestioned honesty, integrity, and transparency
- Cultural fit is a must in a respectful, collegial, and collaborative environment
- Ability to analyze complex materials, balance competing priorities and consistently meet deadlines
- High organizational skills and attention to detail
- Advanced proficiency in Microsoft Suite application (Word, Excel, PowerPoint)
- Superior commercial judgment, a track record of success, and intellectual curiosity
- Strong problem solving, communication, writing, presentation and organizational skills are essential to success in this role