Institution: Capital Management Firm
Role: Compliance Director
Reporting to: Chief Compliance Officer
Location: Los Angeles
Salary: $170,000 - $210,000+ discretionary bonus
Role:
The Director of Compliance & Risk will partner with the CCO, in-house counsel, and other leaders across the firm to ensure the company and its employees comply with regulatory requirements, client guidelines, and internal policies and procedures. This person will continually evaluate the effectiveness of internal controls and recommend and implement improvements to the compliance and operational risk program.
This individual will be responsible for Operational Risk for the firm and will be the second most senior person within the Compliance department, the team currently consists of 5 people. This person will need to be familiar with client interaction, as there is expected to be some engagement with clients and a strong understanding of Asset Management is required.
Responsibilities:
- Monitor and interpret changes in global financial regulations and ensure the firm’s practices comply
- Identify and monitor compliance and operational risks across the organization, conduct assessments, and develop strategies to address and mitigate those risks
- Create, update, and implement compliance policies and procedures to align with current regulations and industry best practices.
- Design and conduct testing of policies and procedures across departments to identify and manage risks
- Proactively identify new technologies or efficiencies in workflows to improve the program
- Assess and provide portfolio guideline compliance guidance to portfolio management and other members of the Compliance team
- Prepare and submit regulatory filings and reports and ensure accurate and timely documentation of compliance activities
- Provide training and support to staff on compliance issues, fostering a culture of compliance within the firm
- Investigate compliance breaches or issues, and implement corrective actions and preventive measures
Requirements:
- 12+ years of experience in a compliance role within the financial services industry, preferably with a focus on Asset Management.
- Bachelor’s degree in finance, law, business, or a related field is required
- Deep understanding of relevant regulations and industry standards, such as the Investment Advisers Act of 1940 and securities regulations
- An ability to work onsite 2+ days per week
