Our client, a growing hedge fund is seeking their first time, fully dedicated Chief Compliance Officer. This hire will lead the Firm’s efforts in building and maintaining an institutional best practices compliance framework.
Key Points
- Firm is growing and adding new institutional accounts on the hedge fund and private equity side of their business
- This hire will be a day one CCO with the opportunity to build the framework and institutionalize the compliance program
- This person will have a seat at the table and report directly to the CEO and the COO
Responsibilities
- Manage and “own” the Firm’s overall compliance program; identify and spearhead initiatives around new compliance topics including the creation and implementation of new compliance policies and procedures
- Provide compliance monitoring and testing related to Rule 206(4)‐7
- Support management in achieving business objectives while managing regulatory, compliance and reputational risk
- Monitor all firm trading activity to ensure compliance with U.S. ownership reporting obligations, as well as to detect suspicious activity and trade errors
- Assist with the Firm’s broker vote and oversee the best execution review process.
- Provide situational and ongoing advice to senior management/investment professionals on compliance with laws and regulations, monitor business line performance with compliance, address any potential gaps/issues and remediate
- Review and approve external communications including marketing materials
- Prepare and/or review all regulatory filings (Form ADV, Form 13F, Form PF, etc)
- Develop and manage (and assist in the development of) robust risk identification and compliance testing programs including risk matrixing, identifying opportunities for compliance testing and internal control enhancements, and investigating causes of unusual trends or activities that can be indicative of compliance issues
- Aid the Firm in becoming “exam ready” for any future SEC exams
- Serve as a resource for investment professionals and outside counsel; attend Investment Committee meetings
- Supervise the Firm’s outside compliance consultant’s work
- Manage projects involving third‐party services providers and management of vendor due diligence
- Execute email and other compliance surveillance activities; perform employee training
Qualifications
- 6+ years of compliance experience from a private equity fund, venture capital firm, hedge fund, traditional asset manager, or compliance consulting firm.
- JD is optional
- Sincere desire to work in a compliance capacity and take over a compliance program
- Individual will need to be comfortable handling a full suite of compliance responsibilities – absorbing tasks that may be considered menial and others that may be outside the scope of his/her current responsibilities
- Proactive attitude and strong organizational skills are required
- Demonstrated leadership skills including the balance of being assertive yet approachable is necessary
- Ability to work in a deadline driven atmosphere without jeopardizing detailed/thorough work
- An “outside the box” mindset will be helpful to this new hire as the role is newly created
Compensation: $350-$600k all in, depending on experience