Chief Compliance Officer of Broker - Dealer
The Compliance team is looking for a Chief Compliance Officer for the firm’s limited purpose broker-dealer who can also support the investment advisers’ compliance program. As the broker-dealer CCO, the successful candidate will maintain and establish standards and implement procedures to ensure that the broker-dealer compliance program remains effective and efficient in identifying, preventing, detecting and correcting noncompliance with applicable laws and regulations. In depth knowledge of FINRA Rules, Anti-Money Laundering (AML), and Anti-Financial Crime (AFC) are necessary for the role.
The individual will be involved in the following critical activities:
- Oversee the broker-dealer compliance program functions including implementation of written supervisory procedures, policies, training, annual testing, transaction monitoring, AML and AFC compliance.
- In covering broker-dealer compliance, manage the Firms’ FINRA Gateway filings (i.e., Forms BR, BD, U4s, U5, etc.), coordinate efforts related to broker-dealer audits, inspections, reviews, and examinations, monitoring complaints and reporting as necessary.
- Manage all aspects of the Firm’s AML compliance program, as outlined in FINRA Rule 3310, including reviewing subscriptions, redemptions; maintenance of AML policies; conducting AML annual training; managing annual independent audit of AML program; reviewing alerts generated by screening system; filing AML reports as needed such as suspicious activity reports; monthly suppression of terrorism reports, and FinCEN 314(a).
- Lead efforts around employee personal trading compliance, including managing interns who generally handle employee trading statements.
- Be involved in Code of Ethics policy decisions, procedures, and program management.
- Work with various team and departments including Legal, Onboarding, Business Development, Relationship Management Support, and HR to identify and address regulatory risks.
- Work on enterprise compliance program for the entire alternative asset management platform with compliance partners.
- Assist with regulatory filings related to all affiliated investment advisers and foreign offices (ADV, PF, AIFMD, PQR, CTA, etc.).
- Identify areas of potential compliance risk and vulnerability; oversee and drive effective resolution, reporting to senior management and authorities, as necessary.
- Communicate compliance issues and trends and provide routine compliance reports to management.
- Advocate the firm’s compliance policies to the investment and business development sides of the business and problem solving with them at a high level when necessary.
- Act as a true business partner to the various departments within the firm.
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
- Bachelor’s degree required. Other advanced degrees or certifications, such as ACAMS, are a plus.
- FINRA SIE, 7, 24, and 63 required for role as CCO Broker-Dealer, Series 99 is a plus.
- Seven to ten years of experience working in a legal or compliance related role within a financial services firm (broker-dealer, investment adviser, etc.) or at a reputable compliance consultant dealing with broker-dealer, investment advisor, and commodity pool matters.
- Understanding of regulatory and self-regulatory agencies (e.g., FINRA, SEC, CFTC, NFA, FSA) and the requirements of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, and the Securities Act of 1933.
- Knowledge and experience with industry best practices in compliance management.
- Ability to read, interpret, and implement changes to regulation, particularly as it relates to broker-dealer or broker-dealer compliance.
- Experience with a variety of Compliance systems (e.g., SchwabCT, MyComplianceOffice, Complisci, etc.) and ability to manage changing systems a plus.
- Strong written and verbal communication skills with the ability to create effective written communications.
- Strong interpersonal skills, with a strong presence and team building skills.
- Strong Microsoft Excel and PowerPoint skills. Self-starter, with a bias for action, requiring a minimum amount of direction, yet also good instincts and judgment regarding when to involve others.
- High energy level with strong work ethic and flexibility to work long hours at times to accommodate special client needs (e.g., exams, fund closes, etc.), including timely responses to emails
- Outstanding organizational skills, time management, and ability to create strong processes.
- Solid detail orientation combined with strong analytical and problem-solving skills, superior organization, reliability, and project management skills.
- Player-coach mentality.
In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.
ABOUT THE FIRM
GCM Grosvenor is a global alternatives investment firm with $57 billion in assets under management in private equity, infrastructure, real estate, credit, absolute return strategies, and multi-asset class opportunistic investments. We have specialized in alternatives since 1971, and we are dedicated to unlocking value for our clients by leveraging our cross-asset class and flexible investment platform.
Our experienced team of approximately 500 professionals from diverse backgrounds serves a global client base of institutional and high net worth investors. GCM Grosvenor is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong, and Seoul.
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.
For more information, visit www.gcmgrosvenor.com.