Growth Equities Compliance Officer
Logan Circle, the traditional asset management arm of Fortress Investment Group LLC, is seeking an experienced Compliance Officer who understands the equity markets and the fiduciary and regulatory obligations of registered investment advisers to join its legal and compliance team. The individual will work closely with members of the legal and compliance department, operations, and investment personnel of Logan Circle’s Growth Equities business, located in Tampa, FL, as well as the Logan Circle fixed income business located in Philadelphia and New Jersey. The position will report up through the Legal and Compliance Department of Fortress.
The Compliance Officer will be primarily responsible for day-to-day implementation and maintenance of Logan Circle’s compliance program within its Growth Equities business including, among other things, the development of compliance policies, procedures and processes, conducting risk assessment analysis, supervising portfolio compliance and other compliance testing, reviewing marketing materials, and reviewing and analyzing applicable laws and regulations for impact on the firm’s compliance program.
Key responsibilities include:
- Development, implementation and maintenance of compliance policies, procedures and processes.
- Analysis and interpretation of applicable laws and regulations.
- Conducting the business’s compliance risk assessment.
- Supervising and performing compliance oversight and testing to ensure the adequacy of the business’s compliance program, including but not limited to soft dollars, best execution, allocation, insider trading, portfolio compliance, regulatory reporting, valuation, code of ethics, conflicts of interest and related matters.
- Reviewing marketing materials, including but not limited to pitch books, due diligence questionnaires, RFPs, strategy fact sheets, market commentary for accuracy, fairness and compliance with applicable rules and regulations.
- Preparing responses to client compliance questionnaires and other compliance diligence requests.
- Assisting with the preparation and maintenance of the Logan Circle Form ADV.
- Preparing and reviewing various other regulatory filings.
- Participating in and providing input in the firm’s committee meetings for valuation, trade executions and GIPS performance.
- Monitoring the implementation of procedures to address new regulatory rules and requirements.
- Coordinating and responding to regulatory and/or compliance examinations conducted by external parties.
- Preparing and conducting initial and ongoing compliance training for firm employees.
- Conducting a variety of special projects.
The ideal candidate will have the following:
- Bachelor's degree with a strong academic record. JD, CPA or CFA a plus.
- 5-10 years of compliance experience, preferably at the SEC, a regulatory consulting firm or another asset manager.
- Strong understanding of the traditional asset management industry with a focus on equity markets.
- A thorough understanding of both worldwide and U.S. securities laws, including the Investment Advisers Act of 1940 and Investment Company Act of 1940.
- Ability to comprehend and apply other applicable laws and regulations, including, for example, those governing the firm’s ERISA clients and those in non-U.S. jurisdictions.
- Knowledge of foreign regulators/investment adviser regulations in major financial centers globally.
- A proven ability to effectively and clearly identify issues and communicate findings to other members of the compliance department.
- A proactive, self-starter work style and able to interact with people with varied personalities and work styles.
- Outstanding organization skills, including prioritizing and follow-up.
- A proven ability to multi-task and work both independently and as a team player in a fast-paced environment.
- Knowledge of GIPS.
- Good Excel skills and proficiency using Bloomberg terminal.
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