A leading investment management firm is seeking an experienced compliance executive to serve as Chief Compliance Officer. This is a senior leadership role overseeing the firm’s compliance program, with significant exposure to executive management and the Board.
Keys to This Hire
- Opportunity to step into a CCO role at a growing fund to oversee the registered funds business and work closely with senior management.
- Collaborative, entrepreneurial, solutions-oriented culture where the CCO will have a meaningful voice. Proactive communication is essential.
- Strong executive presence and judgment are important given the role offers a seat at the table and interaction with senior management, the Board, and regulators.
- Lead and manage an experienced team of compliance professionals who are highly regarded across the firm.
Responsibilities
- Lead and administer the firm’s compliance program, including policies and procedures, periodic testing, annual reviews, regulatory monitoring, and ongoing enhancements.
- Provide senior compliance oversight for the firm’s registered fund business and related Investment Company Act requirements.
- Serve as a primary point of contact with the SEC and other regulators, including leading regulatory examinations, inquiries, and responses.
- Oversee key regulatory filings and reporting, including Form ADV and applicable Exchange Act filings.
- Partner with senior leadership on the firm’s broader risk management framework, including identifying, assessing, monitoring, and escalating regulatory and enterprise risks.
- Oversee private fund compliance, including applicable offering requirements, investor eligibility, conflicts, fees and expenses, side letters, and Form PF.
- Lead and manage the compliance team across marketing compliance, trading and investment compliance, regulatory matters, training, and due diligence.
- Oversee the Code of Ethics, proxy voting, employee compliance, marketing review, and compliance training programs.
- Prepare and present compliance reporting to the Board and provide compliance leadership across key governance committees.
- Partner closely with investment, legal, finance, technology, and other business functions to provide practical guidance on regulatory and compliance matters.
- Monitor regulatory developments and ensure the compliance framework evolves appropriately with changes in the business and regulatory environment.
Qualifications
- 10+ years of relevant investment management compliance experience, with 12 to 15+ years preferred.
- Significant experience with registered investment companies and deep knowledge of the Investment Company Act of 1940 is required.
- Strong knowledge of the Investment Advisers Act of 1940 and the regulatory framework applicable to SEC-registered investment advisers.
- Prior experience as a CCO is preferred, although senior compliance professionals with the experience and readiness to step into the CCO role will be considered.
- Management experience is strongly preferred.
- Experience with complex or innovative investment products and strategies, including derivatives and other non-traditional exposures, is beneficial.
- Private fund compliance experience is helpful but not required. Candidates with strong registered fund expertise can develop this knowledge in the role.
- Excellent written and verbal communication skills, sound judgment, and the ability to build effective relationships across investment and business functions.
Compensation: $300-350K base; competitive all-in package.