Deputy CCO with Clear Path to CCO (Chicago, IL): Our client, a prominent private equity firm, is seeking an experienced compliance professional to strengthen their team. This newly established position is designed to transfer the compliance responsibilities from the CFO to a motivated and capable individual, with the clear goal of elevating this person to the role of CCO within a year. The ideal candidate will be eager to immerse themselves in the firm’s investment strategy and compliance framework. This opportunity is perfect for a mid-career professional aiming to advance to the next stage. The firm is known for its impressive success record and a workplace culture that values positivity, support, and collaboration.
Key Points:
- Newly Established Role: Opportunity to shape the position and make a significant impact on the firm.
- Exceptional Leadership: The hiring manager is highly intelligent, approachable, engaging, and focused on team development, providing a conducive environment for growth.
- Supportive Environment: The new hire will receive the necessary backing and insights to effectively manage the compliance program.
- Clear Advancement Path: A defined trajectory to leading the firm’s compliance operations as the future CCO.
Responsibilities:
- Conduct research and develop new initiatives concerning compliance and regulatory matters.
- Oversee and manage the firm’s comprehensive compliance program, driving initiatives on emerging compliance topics.
- Review and approve external communications, including marketing materials.
- Prepare regulatory filings and ensure the firm is fully prepared for any potential SEC examinations.
- Act as a resource for investment professionals and external counsel, participating in Investment Committee meetings.
- Manage projects involving third-party service providers and oversee vendor due diligence.
- Conduct reviews and testing of compliance processes and procedures.
Qualifications:
- A minimum of 7 years of compliance experience within a private equity fund (strong preference), venture capital firm, traditional asset manager, compliance consultancy, or the SEC.
- A J.D. is preferred but not mandatory.
- A strong desire to lead a compliance program and work in a compliance-focused role.
- A proactive mindset and the ability to seamlessly integrate into the organization are crucial for success in this role.
- A solutions-oriented approach, aligned with the firm’s overarching objectives.
Compensation: $175-250k base and $350-500k all-in (dependent on experience)
