Compliance Director
Cargill
Black River Asset Management, a wholly owned subsidiary of Cargill, is an independently managed global asset management company with net assets under management of approximately $8B, and offices in 11 countries. Black River offers a wide range of alternative investment strategies and products to institutional investors supported by experienced investment professionals, focused risk processes and a well-established global infrastructure.
Black River currently has an opening for a Compliance Director supporting general compliance related activities including regulatory monitoring, measurement and reporting. Within this role, the Director will assist with overseeing an international compliance program for an SEC registered investment advisor that is also a CFTC registered Commodity Pool Operator and registered as an advisor in several foreign jurisdictions.
This position is intended to be a key member of the compliance team at Black River and will have a visible and primary role in ensuring adherence to global regulatory obligations. The position will report to the Chief Compliance Officer and will interface with management, regulators, trading staff and others across the organization.
Due to Black River’s complex regulatory and operating environment, this position requires an individual able to manage a wide range of responsibilities from the administrative management of required compliance records to development of sophisticated compliance processes designed to support comprehensive regulatory reporting obligations and to monitor and assess operational and investment activities. The successful candidate will have demonstrated compliance expertise, analytical and technical strength, ability to prioritize multiple demands and the flexibility to “move with the business”.
Principal Accountabilities:
- Create or adopt policies and procedures designed to ensure that the firm and its employees comply with laws and regulations and fulfill fiduciary duties to investors
- Administer compliance policies and procedures
- Preparation and filing of required regulatory filings both in the U.S. and abroad
- Conduct compliance reviews of promotional materials and investor communications
- Train employees on compliance topics and best practices
- Serve as a resource for investors, marketing, trading staff and management
- Monitor trading activities as well as counterparty exposure at both the account and firm level
- Surveillance and measurement of business processes with regard to evaluating effectiveness of compliance policies and procedures
- Other compliance related responsibilities as directed
Required:
- Bachelor's Degree in a related field
- Minimum of 7 years of compliance or operations leadership experience in the investment management industry or securities related field
- Experience with or interacting with investment management regulatory regimes (e.g., Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Services Authority (UK))
- Exceptional verbal and written communication skills
- Strong deductive reasoning skills as well as ability to synthesize and evaluate large amounts of data using a variety of system resources and analytical tools
- Strong influencing and conflict management skills
Preferred:
- Law degree (JD), MBA or other relevant advanced degree
- Hedge fund or private equity fund experience
- Prior compliance or operational experience in a broker/dealer setting.
- Experience in investment management organizations with non-US operations
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