Chief Compliance Officer — Investments Chief Compliance Officer — Investments …

The Compliance Search Group, LLC
in Newark, NJ, United States
Permanent, Full time
Last application, 07 Sep 19
100k + Bonus
The Compliance Search Group, LLC
in Newark, NJ, United States
Permanent, Full time
Last application, 07 Sep 19
100k + Bonus
The asset management division of a major international financial services firm seeks a Chief Compliance Officer (CCO) to lead the Compliance program for the company’s $500 billion portfolio within the Chief Investment Office (“CIO”).

The asset management division of a major international financial services firm seeks a Chief Compliance Officer (CCO) to lead the Compliance program for the company’s $500 billion portfolio within the Chief Investment Office (“CIO”).

Summary

The CIO is responsible for developing the asset allocation strategy and overseeing asset/liability management for their insurance businesses. The CIO oversees:

  • the global portfolio management of the proprietary assets supporting insurance liabilities in the firm’s general account as well as Guaranteed Separate Accounts,
  • Derivatives activities from Asset Liability Management and Portfolio Management to trading and execution; and alternative asset investing activities, including private equity, real estate, hedge funds and equity securities
  • In addition, the role will support the Corporate Social Responsibility Group.
  • This position will be responsible for the design and implementation of a highly effective, risk-based compliance program.
  • The position is part of the Compliance Organization and will manage a small team.

Responsibilities include:

  • Building and implement a proactive, strategic compliance program that is risk-based, and data driven.
  • Developing a strategic approach to compliance which is proactive and preventative.
  • Driving enhancements to existing compliance program including governance and reporting.
  • Develop change management and communication strategies to ensure a culture of continuous improvement, teamwork, and the sharing of best practices.
  • Monitoring regulatory developments for alternative fund investing in the United States and Europe and providing real-time assessments of our portfolio.
  • Developing and implementing compliance due diligence program to evaluate private fund trading, allocation, and fee and expense practices.
  • Advising on the regulatory requirements of financial services firms in which we invest.
  • Performing due diligence review of the compliance programs of asset managers on the CIO platform, including reviewing compliance manuals and testing programs.
  • Monitoring and testing the trading activities of the company’s centralized derivatives trading unit and cash management unit.
  • Developing integrated monitoring tools for portfolio compliance monitoring for the proprietary assets supporting insurance liabilities in the general account and Guaranteed Separate Accounts.
  • Assessing compliance risk and operating a compliance monitoring and testing program appropriately tailored to the risk of the business activities.
  • Providing training to CIO staff.
  • Monitoring actual and potential conflicts of interest.
  • Drafting policies and procedures.
  • Developing talent and maximizing team effectiveness.
  • Driving alignment and consistencies across the company’s compliance programs and initiatives.
  • Establishing and maintaining strong relationships with business and other Compliance partners as well as Legal, Risk, and Audit.

Qualifications

  • 12+ years of relevant financial service compliance or regulatory enforcement experience.
  • Technical compliance expertise with superior knowledge, skills and experience in compliance risk management
  • Significant experience conducting compliance due diligence on and monitoring compliance programs of investment managers.
  • Knowledge of cash market securities and alternative assets including hedge funds, private equity and real estate.
  • Knowledge of derivatives regulation, including Dodd Frank Title VII and state insurance regulatory related compliance matters.
  • Experience working in an asset management firm or insurance company. Knowledge of insurance general account portfolio management a plus.
  • Strong knowledge of investment management and related regulations, including ability to identify requirements related to regulatory changes.
  • Bachelor’s degree or equivalent experience required. JD, MBA or advanced degree preferred

Please email resumes to Jack Kelly at Jack@ComplianceSearch.com

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