Assistant Vice President
Assist the Chief Compliance Officer with management and implementation of the MC Asset Management compliance program. Responsible for working with operations, accounting, 3 party administrators, investment professionals and senior management on policies and procedures for the RIA entity. Areas of focus will include: trading reviews, trade allocation reviews, soft dollar arrangements, valuation policies, product launches, custody and safeguarding rules, AML, fund guideline rules, training and books records. This individual will also play a key role in understanding the RIA regulatory rules and instituting any changes that may need to occur as well as updating any relevant policies. Lead the completion of Annual firm compliance Review. This associate will also be cross-trained with our Broker Dealer division.
Key Responsibilities:
1. Understanding of RIA regulations, private equity / hedge fund experience
2. Perform testing on trade activity trade allocations
3. Review and comment on Offering Memorandum’s Private Placement agreements
4.Lead the required RIA Annual Review process
5. Hands on work in developing systematic / automated fund guidelines
6. Maintain books, records and CPP’s of RIA. Develop and implement Key Risk Indicators
7.Develop policies and procedures to enhance compliance program oversight
8. Complete / assist in running the firm Compliance Risk Committee
Scope/Reporting Structure:
Reports to Senior Managing Director – Head of Administration and Chief Compliance Officer
Essential Skills, Knowledge and Requirements:
· 3-6 years of Registered Investment Advisor Compliance experience
· Understanding of LP and GP Fund structures
· Trade Order Management system experience, Bloomberg experience a plus
· Compliance rule set-up / technology experience
· Good communication skills
· Hands on approach to work assignments
· Ability to train associates
· Asset management experience required, private equity knowledge helpful
· Optional: Series 24, 7, 63
· BS / BA graduate
Environmental / Physical / Mental Requirements:
The Assistant Vice President – Investment Advisor compliance performs a major portion of their duties through verbal and written communications. It is critical that he/she possess the ability to communicate with clarity, while understanding and explaining complex situations to staff and management team. Accuracy is essential and he/she must possess the ability to proof read documentation and correspondence to insurer free of errors and fraud. This person will spend a good portion of the day seated at a workstation.
This job description in no way states or complies that these are the only duties to be performed by the employee(s) incumbent in the position. Employee(s) will be required to follow any other job authorized to give instructions or assignments. The company reserves their sole right and discretion to make changes to this job description.
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