Compliance Professional (New York, NY): Our client is seeking a detail-oriented and proactive senior compliance professional with a background in 1940 Act work to join their compliance team. As a part of a leading Private Equity Secondaries Fund, this new hire will lead the compliance effort of the firm’s newly launched ’40 Act registered fund. The successful candidate will focus on ensuring the accuracy, transparency, and regulatory compliance of fund allocations, spending approximately 70% of their time on this critical function, with the balance of their time being related to other compliance matters for the registered fund. This role is pivotal in maintaining the integrity of the firm’s investment activities and ensuring adherence to internal policies and industry regulations.
Key Points:
- Someone who LOVES designing systems and organizing will thrive here.
- Newly created role within the organization. The hiring manager said this person will be able to “have their own kingdom” with a fair amount of discretion over how they structure and do things.
- Firm hires extremely talented and bright individuals so new hire will be surrounded by bright minds.
- Project oriented compliance role ideal for someone who wants to have ownership over an integral function to the team.
Key Responsibilities:
- Allocation Review: Conduct detailed reviews of fund allocations to ensure accuracy, fairness, and adherence to regulatory and firm-specific guidelines. Identify and resolve discrepancies, working closely with the investment and accounting teams to maintain compliance.
- Compliance Monitoring: Assist in developing and implementing compliance monitoring programs to ensure all fund activities, including allocations, align with contractual covenants as well as SEC and other relevant regulations.
- Regulatory Reporting: Prepare and maintain comprehensive documentation for board reporting, internal audits and regulatory submissions related to fund allocations and compliance matters.
- Policy Development: Collaborate with senior legal and compliance officers to update and refine internal compliance policies and procedures related to fund allocations and investment processes.
- Risk Assessment: Continuously assess and mitigate compliance risks related to fund allocations, escalating potential issues to senior management and suggesting process improvements.
- Training & Support: Provide training and guidance to team members and other departments regarding compliance protocols and best practices for allocations.
Qualifications:
- 6+ years of experience in a law firm or in a compliance role, preferably with some experience within private equity, secondaries, or a related investment firm dealing with private transactions.
- 1940 Act experience and knowledge required.
- Strong understanding of regulatory requirements governing private equity and fund allocations.
- Excellent analytical skills with a keen eye for detail.
- Ability to work collaboratively across departments and communicate complex information effectively.
- Proficiency in compliance monitoring systems and relevant software tools.
Preferred Skills:
- Knowledge of SEC regulations and industry best practices for fund allocation.
- Experience with secondaries funds or private equity operations.
- Strong organizational and time-management skills to handle multiple priorities effectively.
Compensation: $150-250K base; $175-350K all-in (dependent on education and experience)
Job Reference #1959B
