Compliance Associate

SUMMARY

As a member of Compliance, the individual in this position will be responsible for supporting the compliance functions of GCM Grosvenor.

As an onsite employee, you are expected to be in the office on Tuesdays and Wednesdays as well as a third day in coordination with your manager.

RESPONSIBILITIES           

• Managing the development and operation of compliance systems and processes to reasonably ensure that Firm is in compliance with applicable laws and regulations, including for non-U.S. offices.
• Providing guidance to employees on a day-to-day basis around policies, procedures, and protocols.
• Performing electronic communications review, surveillance, and other testing.
• Assisting with regulatory or mock exams.
• Assisting with annual compliance review, including forensic testing and management reporting on results
• Coordinating and preparing regulatory filings (such as Form ADV, Form PF, CPO PQR/CTA, AIFMD Annex IV, Forms U4, U5, BR, D, DA, TIC and BD).
• Drafting and updating policies and procedures.
• Helping maintain information barriers program, including but not limited to, restricted list maintenance, conflict reviews and approving expert networks.
• Responding to information requests from clients and prospects
• Reviewing investor subscription agreements to comply with AML and other requirements.
• Developing and conducting employee trainings.
• Identifying and escalating potential regulatory and compliance issues.
• Analyzing recent regulatory guidance and cases.
• Assisting with the employee personal trading compliance program, including reviewing employee trading statements/confirms, sending out FINRA 3210 request letters, and coordinating pre-clearance approvals.
• Performing special projects as assigned.

EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS

• Bachelor’s degree or equivalent.
• 3-5 years of Legal or Compliance experience, preferably with institutional asset managers or other financial institutions. Will consider paralegal experience from bulge bracket law firms.
• Preferred understanding of regulators (e.g., SEC, CFTC, NFA, FSA) and the requirements of the Investment Advisers Act of 1940, the Securities Exchange Act of 1934, and the Securities Act of 1933.
• Strong writing skills with the ability to summarize and digest content quickly and clearly.
• Detail oriented and organized with strong analytical and problem-solving skills, including project management.
• Strong interpersonal skills, with a strong presence and team building skills.
• Interest in the developing regulatory environment for alternative asset management firms and the ability to understand how these trends may affect the Firm.
• Self-confident and assertive, with a bias for action, requiring a minimum amount of direction, yet also good instincts and judgment regarding when to escalate matters and involve others.
• Comfortable with speaking to all levels of employees, from the CEO to most junior staffer.
• High energy level with strong work ethic and flexibility to work long hours at times to accommodate special client needs, including the ability to quickly respond to emails during non-working hours and weekends.
• Positive attitude and teamwork oriented.

It is expected that the annual base salary range for this New York City-based position will be $95,000 - $110,000.  Actual base salary may vary based on factors such as individual's experience, skills, and qualifications for the role.  Employees may be eligible for a discretionary bonus based on factors such as individual, team, and company performance as well as a comprehensive benefits package.

CULTURE

We are not afraid to think differently. Embrace new ideas. Dream big. Welcome change. We are a culture of empowerment, accountability, high performance, and trust. Successful team members are self-motivated and energized by working alongside thoughtful and smart colleagues in a fast-paced environment. Individuals who thrive on this team enjoy being a part of an organization focused on excellence. We look for naturally collaborative individuals who enjoy interacting at all levels of the organization. 

DIVERSITY, EQUITY & INCLUSION

A diverse, engaged team is critical to our ability to successfully create and deliver value to our clients. We are committed to creating an inclusive environment where diverse professionals can thrive professionally, and we are dedicated to training, retaining, and promoting minorities, women, LGBTQ employees, veterans and individuals with disabilities. Over 55% of GCM Grosvenor employees and 43% of executive management are women and/or ethnically diverse individuals. In addition, we seek to drive a more diverse, inclusive industry through our partnership with diverse professionals organizations and by consciously working with subcontractors and vendors that are certified as minority-, women-, or persons with disabilities-owned businesses.