Compliance Manager

Compensation

: $165,260.00 - $165,260.00 /year *

Employment Type

: Full-Time

Industry

: Legal



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Job Purpose (Job Summary): The Compliance Manager reports to the Chief Compliance Officer (CCO) for Invesco Private Capital, Inc. (IPC) and WL Ross & Co. LLC (WLR). These entities provide advisory services to credit, venture, fund-of-fund and private equity products, including private funds and institutional separate accounts. As part of this position, the Compliance Manager should expect to liaise with other members of the Invesco Private Markets (IPM) compliance platform, including those supporting Invesco Real Estate (IRE), to promote consistency and efficiency among the programs and compliance staff supporting Invesco Senior Secured Management, Inc. with whom IPC and WLR manage a shared restricted list and together provide support to the credit platform. In working alongside the CCO, the role will be primarily responsible for day to day implementation of IPC's and WLR's overall compliance program and designing the program with an aim toward those advisers' activities satisfying all pertinent legal, regulatory, and policy requirements. Specific responsibilities include, but are not limited to: reviewing and maintaining compliance policies & procedures; working with internal & external legal staff to resolve compliance issues and review third party disclosures about IRE's products (offering documents, RFPs, regulatory disclosures, etc.); working with investment and sales staff regarding product development, investor matters and end-of-life product issues; and managing, executing on and updating the monitoring and testing program for IPC and WLR. Will review and interpret Federal Securities laws, coordinate cross-border compliance matters from time to time, and monitor day to day implementation of policies and procedures. Responsible for reviewing potential conflicts within the firm and liaising with the investment staff to resolve any real, or perceived conflicts of interest. Conduct training on various compliance topics and hold meetings where required. As noted above, responsibilities may also include work supporting broader IPM matters, including various compliance matters for IRE, as needed from time to time. This position will be in New York City. Key Responsibilities / Duties: Along with the CCO, designs, implements, and monitors programs, policies, and practices for compliance with regulatory and policy requirements by the relevant business areas. Reports on a regular basis to the CCO and business senior management on the progress of implementation and assists those teams in practically implementing the compliance program. Along with the CCO, periodically revises the program considering changes in the needs of the organization, including the broader IPM platform, and in the law and policies and procedures surrounding RIAs and alternatives firms. Along with the CCO, develops, coordinates, and participates in a multifaceted educational and training program that focuses on the elements of the compliance program. Along with the CCO, seeks to educate all appropriate employees and management on pertinent regulatory and policy standards. Along with the CCO, coordinates internal risk assessment, monitoring and testing program and works with business partners to address findings and observations. Supports the CCO on regulatory and investor inquiries. Along with the CCO, independently investigates and acts on matters related to compliance (e.g. responding to reports of problems or suspected violations) and coordinates any resulting corrective actions. Along with the CCO, coordinates with Invesco Ltd.'s internal audit department to identify potential controls to audit and assists that team in their review efforts, as needed. Undertakes special compliance-related projects assigned by the Chief Compliance Officer and other senior compliance personnel (e.g., Forensic testing, ad hoc requests pertaining to IPC, WLR or IPM generally). Work Experience / Knowledge: Minimum 5 years of Financial Services Industry Experience required with three years of direct investment adviser compliance experience. Experience with alternatives products preferred, including credit, fund-of-fund, venture and private equity products. Compliance experience with the Investment Advisers Act of 1940. Experience with the regulatory environment (SEC, CFTC/NFA, FINRA, and AIFMD regimes). Broad knowledge of federal securities laws and regulations. Familiarity with trading systems and their compliance component such as Everest, Aladdin, or Charles River is a plus. Skills / Other Personal Attributes Required: Highly organized with strong attention to detail. Strong verbal and written communication skills. Ability to work independently and as part of a team. Ability to work proficiently in a pressured environment. Ability to handle confidential information. Ability to communicate clearly with persons at a wide range of levels on sensitive matters. Ability to identify and thoroughly investigate reporting discrepancies and determine the appropriate course of action (either resolution or higher-level review). Expert/proficient in MS Excel, PowerPoint, Word and similar products. Ability to condense, refine, simplify, and communicate the purpose and significance of internal and external regulations. Ability to develop operating policies and procedures based on business needs. Formal Education: (minimum requirement to perform job duties) BA/BS degree in a related field. MBA or JD a plus. Certification in a related field of practice is a plus. License/Registration/Certification: (minimum requirement to perform job duties) FINRA Series 7 and 24 licensed candidates a plus. CFA a plus.Salary Range: NAMinimum Qualification5 - 7 years
Associated topics: attorney, company, compliance, corporate, counsel, court, legal affairs, legal department, llp, market * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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