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Director of Compliance
Ref No.: 17-03566
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 350,000.00 - 400,000.00 /Year
An asset manager and investment bank is looking for a Director of Compliance for Institutional Distribution the Director of Compliance will:
  • Assist in ongoing development and support of our global compliance program for Institutional sales;
  • Serve as a liaison for GIPS, represent Institutional Compliance at GIPS Committee Meetings and provide regulatory compliance advice to the GIPS Committee when required;
  • Develop and review regulatory policies, procedures, and assist the business with developing or reviewing desktop procedures for the business;
  • Attend meetings and hold ad hoc discussions with the business to understand new marketing initiatives; offer compliance guidance, and determine compliance related impacts to global distribution of advisory services and products including separately managed accounts (for clients including but not limited to public pension plans and ERISA plans), 3(c)(7) private funds, UCITS funds, QIFs, and CLOs;
  • Advising sales and distribution teams on cross-border marketing rules and local marketing regulations in U.S., Europe, Middle East, and Asia markets;
  • Attend client meetings as required to discuss compliance initiatives;
  • Support the Head of Institutional Distribution Compliance in reporting on distribution matters to senior committees and management, and in communications with regulators;
  • Advise on the continual development of appropriate procedures to manage and mitigate regulatory risk;
  • Keep abreast of regulatory developments and new rules, assess their impact and ensure appropriate action is taken in areas that impact Institutional Distribution/client communications;
  • Provide relevant training on regulatory issues which may have an impact on the business;
  • Ensure that Compliance policies and procedures are updated to meet the needs of Institutional Distribution and when regulatory changes arise;
  • Work closely with the firm's registered broker dealer compliance to stay coordinated on initiatives;
  • Continuously assess compliance risks and effectively communicate risks and suggestions for improvement to colleagues/department leaders and business unit leaders.

Skills & Experience Required
  • 6-10 years of Compliance experience within investment management;
  • Strong knowledge of the Investment Advisors Act of 1940, advertising and marketing related rules;
  • Working knowledge of Client Advertising Rules and Regulations;
  • Working knowledge of Global Investment Performance Standards (GIPS) helpful, but not necessary;
  • Experience reviewing cross-border marketing activities and familiarity with distribution rules in the U.S., Europe, Middle East, and Asia;
  • Strong analytical skills, personality combining energy, enthusiasm, resilience, tenacity and diplomacy;
  • Ability to comprehend regulations/legal documents and apply learning to processes to strengthen the compliance program and enhance business growth.

Third Party Applications Not Accepted