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Our Client, a New York based global long/short equity hedge fund manager with over $3B in AUM, seeks to add an Associate General Counsel/Director of Compliance (title commensurate with education and experience) to join its team. This individual will work closely with the General Counsel/Chief Compliance Officer and the rest of the team. Must be polished/professional in appearance and demeanor. A JD and growth mindset are required.
This position will be based in New York, New York.
Objective: Contribute to the protection and advancement of the firm and its client’s assets, reputation and goodwill by providing high quality, high integrity, forward thinking, timely, responsive, business and risk informed advice and services to the internal clients with the goal of making our client a resilient, safe, efficient and profitable organization
Compliance Responsibilities: Collaborate with the General Counsel/Chief Compliance Officer in designing, implementing and administering Our Client’s compliance and enterprise risk management program:
Policies and Procedures: assist in the development, updating and administration of compliance policies and procedures
assist in the administration of compliance related software, including Compliance Science, Glass Lewis, A2 Access, NAVEX Global, etc.
administer proxy voting policy and procedures and class action filing service
implement and administer fund and management company governance structures, processes and procedures to ensure adequate, risk-based, employee supervision (e.g., prepare agendas and serve as secretary for compliance committee meetings)
supervise research processes (e.g. new research vendor due diligence, expert network call chaperoning, review of research notes, survey reviews, data vendor reviews, management meeting monitoring, )
develop, implement and administer trade supervisory controls for compliance with applicable securities laws, restricted and watch lists and other risk flags
Due Diligence and Background Checks: design, carry-out, document and track vendor due diligence and monitoring using a risk-based approach
Training: design, prepare and conduct various new employee and on-going compliance training programs (creativity necessary to drive a high level of engagement is highly valued)
Monitoring and Auditing:
maintain and update investment manager and fund compliance calendar
conduct and oversee the third party compliance consultant in carrying-out auditing and forensic testing
prepare and present annual compliance review
Enforcement and Remediation:
implement incentives for compliance and proportional disciplinary actions
remediate/revise deficient policies and procedures; implement retraining or corrective actions as necessary
Regulatory Examinations and Inquiries: assist in regulatory examinations, mock examinations and other legal and regulatory matters, as they arise
Contracts and Documents: Negotiate, draft and track compliance with management company and fund contracts and agreements
trading and financing agreements (ISDAs, PB agreements, executing broker, etc.)
Research: Conduct legal research with respect to emerging legal or regulatory issues, new laws or regulations, fund investments, and develop work plans and policies and procedures to operationalize compliance with such laws and regulations
Advisory Work: Monitor and take necessary steps to comply with relevant private placement rules (foreign and domestic) and advise investor relations colleagues with respect to the same
Due Diligence: Update and review investor subscription agreements for compliance and completeness (FATCA/CRS, AML, UK-CDOT, AIFMD, ERISA, new issues, )
Regulatory Filings: Prepare, review and/or make various regulatory filings (e.g., 13F, 13G, 13H, 13D, ADV, Form PF, TIC filings, Section 16, foreign securities law filings, Form Ds, blue sky filings, FATCA/CRS, )
Review: Conduct reviews and approvals of marketing material, due diligence questionnaires, quarterly letters
Governance and Record Keeping: Assist in preparation of agendas and materials for quarterly board of directors meetings
Investor ODD: Participate in investor due diligence meetings
Business Planning: Collaborate with General Counsel and CCO in design and preparation of annual business plans
Vendor Management: Interface and collaborate with third party service providers (legal, compliance consultants, third party fund administrator, software providers, etc.) and internal team members to achieve tasks and goals; meet and vet potential new vendors
Learning: Stay informed about changes and developments in the business, applicable law and best practices
Contribute: Contribute to the growth of the firm's culture and community in other ways (e.g., Wellness Program, Learning Programs, etc.)
3-5 years of law firm experience OR 6-9 years of total work experience within an asset manager
Candidates who have previously held or currently hold the CCO or GC title will not be considered
Excellent verbal and written communication skills
Proficient on MS Word, Excel and PowerPoint
Acute attention to detail and process orientation; commitment to excellence
Strong organizational, problem-solving, and analytical abilities
Creativity, proactivity and commercial mindset – a desire to meet the business objective and the willingness to say “no, but” when necessary to protect the firm
Ability to manage several projects and priorities at once
Ability to work independently with general direction and minimal hands on guidance (as appropriate)
Ability to confidently and appropriately deal with individuals at all organizational levels and in various roles (finance/operations, investor relations, administrative, trading, investment, )
Interest in legal and compliance subject matter and willingness to learn and think creatively with General Counsel and Chief Compliance Officer to maintain the excellence of the legal and compliance services provided
Additional Salary Information: Compensation will be commensurate with experience.