1st Vice President, Compliance (OFS)

CIM Group•Chicago, IL

25d

About The Position

The 1st Vice President, Compliance supports the Chief Compliance Officer (CCO) of CIM and its affiliate OFS Management (OFS) in maintaining an OFS compliance program reasonably designed to comply with applicable federal, state, and local laws, rules, and regulations. The role manages OFS’s day-to-day compliance program and oversees a team of two compliance professionals. It also assists the CCO of OFS-managed registered investment companies with their compliance programs, including Rule 38a-1 manuals and board reports, and is expected to assume the CCO role for at least one investment company. The position reinforces CIM’s and OFS’s high ethical standards and culture of compliance. The role oversees compliance for credit investment activities; directs or participates in risk assessments and testing; develops and administers compliance policies; reviews Code of Ethics disclosures and pre-clearance requests; provides employee training; reviews marketing and advertising materials; handles required Investment Advisers Act filings; and supports regulatory examinations, information requests, and board reporting. It manages the OFS Compliance team and leads interdepartmental compliance projects.

Requirements

10+ years of experience as a compliance professional at an SEC-registered investment manager and/or as a staff member at the Securities and Exchange Commission.
3+ years of experience in investment company compliance.
Credit investment experience, such as CLOs, BSLs, CMBS, or direct lending.
Working knowledge of the Investment Advisers Act of 1940 and Investment Company Act of 1940.
Professional and effective communication skills.
Ability to read, analyze, and interpret complex agreements.
Ability to identify, assess, and resolve conflicts.
Proficiency in developing and drafting policies.
Attention to detail and ability to multitask.
Excellent organizational and project management skills.

Nice To Haves

Trade compliance experience.

Responsibilities

Conduct compliance oversight of credit investment activities and advise on applicable policies, procedures, and laws, including the Investment Company Act of 1940 and Investment Advisers Act of 1940.
Direct and/or participate in regular risk assessments and testing of OFS and its managed investment companies.
Develop, administer, draft, and update compliance policies, and address related staff inquiries.
Review Code of Ethics disclosures and pre-clearance requests.
Provide compliance training appropriate to employees’ roles and responsibilities.
Review marketing and advertising materials, including flipbooks and Due Diligence Questionnaires, for compliance with applicable rules and regulations.
Make required filings under the Investment Advisers Act and coordinate responses to regulatory examinations and information requests.
Assist the CCO with quarterly and annual reporting to the boards of firm-managed registered investment companies.
Support the CCO in managing periodic and special regulatory examinations of OFS and registered investment companies.
Manage the OFS Compliance team, including work assignments, performance expectations and feedback, training, coaching, and guidance.
Serve as team lead on interdepartmental compliance-related projects.
Assist the CCO of OFS-managed registered investment companies with compliance programs, including 38a-1 manuals and board reports, and assume the CCO role for at least one investment company.

Benefits

Competitive compensation plan, including eligibility for bonus pay in addition to base salary.
Medical, dental, and vision benefit plans.
Health Savings Account with a generous employer contribution.
Company-paid life and disability insurance.
401(k) savings plan with company match.
Paid time off, including vacation days, 10 designated holidays, sick time, and bereavement leave.
Up to 16 hours of volunteer time off.
Up to 16 weeks of paid parental leave.
Ongoing professional development programs.
Wellness program with monthly and quarterly prizes.