The Opportunity:
The Fund Chief Compliance Officer will play a critical and highly visible role in ACA’s Fund Officer group. The Fund Chief Compliance Officer will typically prepare and administer the compliance programs for 4-5 fund complexes, serve as an AML compliance officer for certain fund complexes, evaluate compliance programs maintained by the funds’ advisers and sub-advisers, as well as those maintained by third-party mutual fund/ETP service providers and serve as project manager on various consulting engagements that do not require named officer services
What you’ll do:
- Serving as named Fund Chief Compliance Officer and Anti-Money Laundering Compliance Officer for multiple 1940 Act registered clients, review and administer client Fund Companies’ compliance program policies and procedures
- Review and evaluate those policies and procedures of the adviser, sub-adviser, administrator, principal underwriter and transfer agent (collectively, “Service Providers”) that relate to the Fund Companies and their Funds
- Conduct periodic reviews of the Fund Companies’ compliance programs and incorporate any new or changed regulations, best practice recommendations or other guidelines that may be appropriate
- Review, no less frequently than annually, the adequacy of the policies and procedures of the Fund Companies and their Service Providers and the effectiveness of their implementation, Design testing methods for the Fund Companies’ compliance program policies and procedures based upon a risk assessment of compliance areas and conflicts applicable to the Fund;
- Perform and document periodic testing of certain key control procedures (as appropriate to the circumstances), including reviewing reports, investigating exceptions, and making inquiries of Fund Companies’ management and Service Providers
- Conduct periodic site visits to the adviser and other Service Providers, as necessary
- Mentor and train junior staff members
- Communicate with Foreside personnel and clients on various matters
- Conducts self in a professional manner
- Responsible for reporting to senior management, including any potential or perceived violations of applicable laws, rules or Company policies
- Other tasks, special projects and duties as assigned
To qualify for the role you must have:
- Bachelor’s degree
- JD desirable; but not required
- Current or recent work experience (3+ years) serving as named Fund Chief Compliance Officer or deputy compliance officer
- 10-15 years work experience in 1940 Act compliance, legal or fund administration roles
- Strong knowledge of Exchange Traded Funds, Mutual Funds and/or Closed End Funds
- Detailed knowledge of the 1940 Act and Rule 38a-1
- Strong knowledge of Investment Advisers Act
- Comfort and familiarity with AML programs and Bank Secrecy Act requirements
- Strong organizational and analytical skills
- Ability to prioritize and meet multiple deadlines
- Excellent verbal and written communication skills
- Strong research and analytical skills
- Excellent project management skills
- Excellent computer skills, including spreadsheets and word processing
- Independent worker
- Strong interpersonal and collaboration skills
Skills and attributes for success:
- Demonstrated professional integrity.
- Dependable, flexible, and adaptable to new ACA initiatives and changing client needs.
- Ability to exercise discretion and make independent judgments on matters of significance.
- Ability to work in a fast-paced small team environment.
- Ability to establish and maintain effective working relationships with colleagues and clients.
- Highly motivated and goal oriented; pro-active in one’s own education and career progression; volunteers for and shows initiative on both internal and external projects and tasks.
- Dedicated to upholding ACA’s high-quality standards and customer service focus.
- Strong organizational and problem-solving skills with attention to detail.
- Strong oral and written communication skills.
- Proficient with Microsoft Office applications and comfortable working in a tech enabled environment.
- Willing to travel.
Supervisory Duties Summary
- Supervise, train, evaluate, oversee, and provide feedback to junior colleagues.
What working at ACA offers:
We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. Our Total Rewards package includes medical and dental coverage and 401(k) plans, and a wide range of paid time off options as well as a flexible work environment. You’ll also be granted time off for designated ACA Paid Holidays, Summer Fridays, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being. We also offer unique benefits such as Student Debt Forgiveness and Pet Insurance.
About ACA:
ACA Group is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates consulting, managed services, and our ComplianceAlpha® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape.
What we commit to:
ACA is firmly committed to a policy of nondiscrimination, which applies to recruiting, hiring, placement, promotions, training, discipline, terminations, layoffs, transfers, leaves of absence, compensation and all other terms and conditions of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.
