Compliance Associate

GCM Grosvenor • Chicago, IL

1d • Hybrid

About The Position

As a member of Compliance at GCM Grosvenor, the Compliance Associate administers and supports the firm’s compliance functions. The role assists with regulatory filings, investor and third-party due diligence, surveillance, employee trading compliance, policy development, training, and regulatory examinations. The position requires collaboration with Senior Compliance Officers and providing day-to-day compliance guidance to employees.

This is an onsite/hybrid role, with an expectation to work in the office on Tuesdays, Wednesdays, and Thursdays. The successful candidate is a proactive, collaborative self-starter with strong judgment, communication, organizational, analytical, and project-management skills, who can work effectively with colleagues at all levels in a fast-paced environment and accommodate long hours at times for time-sensitive deliverables.

GCM Grosvenor is a global alternative asset management solutions provider with approximately $97 billion in assets under management and approximately 560 professionals. The firm is headquartered in Chicago and has offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. The Chicago annual base salary range is $90,000–$110,000. Actual base salary may vary based on experience, skills, and qualifications. Employees may be eligible for a discretionary bonus based on individual, team, and company performance.

Requirements

• Bachelor’s degree.
• Two to five years of experience in a legal or compliance-related role at a financial services firm, regulatory body, compliance consultant, or law firm dealing with broker-dealer, investment adviser, and AML matters.
• Strong written and oral communication skills.
• Understanding of regulatory and self-regulatory agencies, such as FINRA, SEC, CFTC, NFA, and FSA, and of the Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Exchange Act of 1934, and Securities Act of 1933.
• Knowledge and experience with industry best practices in compliance management.
• Strong interpersonal skills, presence, and team-building skills.
• Strong Microsoft Excel and PowerPoint skills.
• Ability to work as a reliable self-starter with a bias for action and minimal direction, while exercising good judgment about when to involve others.
• High energy level, strong work ethic, and flexibility to work long hours at times to accommodate time-sensitive deliverables.
• Responsiveness to internal and external clients, including timely email responses.
• Outstanding organizational and time-management skills and the ability to create effective processes.
• Attention to detail, strong analytical and problem-solving skills, and strong organization and project-management skills.
• Self-motivation, collaboration, initiative, discretion, and sound judgment.

Nice To Haves

• Certifications or licenses such as ACAMS, FINRA Securities Industry Essentials (SIE), or Series 7.
• Experience with compliance and AML systems such as RDC, Moody’s, MyComplianceOffice, or Complysci, and ability to manage changing systems and systems implementation.

Responsibilities

• Assist with federal, state, and international regulatory filings, including Form ADV, Form PF, CPO PQR/CTA PR, AIFMD Annex IV, and Forms U4, U5, BD, BR, D, and DA.
• Review investor subscription agreements for compliance requirements, including AML and KYC diligence of investors.
• Assist with ongoing monitoring of third-party administrators and due diligence.
• Review and disposition sanctions-screening alerts.
• Help maintain the information barriers program, including restricted list maintenance, conflict reviews, and approval of expert networks.
• Provide employees with day-to-day compliance guidance regarding policies, procedures, and protocols.
• Perform electronic communications review, surveillance, and other testing, and help conduct the annual review.
• Assist the firm and Senior Compliance Officers during audits, regulatory examinations, and mock examinations.
• Draft policies and procedures.
• Develop and conduct employee training.
• Analyze new and pending laws and regulations for potential impact on the firm’s business, and collaborate with Senior Compliance Officers on necessary policy and procedure revisions.
• Assist with employee trading compliance, including reviewing employee trading statements and confirms, FINRA 3210 request letters, and required pre-clearance requests.

Benefits

• Comprehensive healthcare coverage, including medical, dental, vision, and life insurance.
• Flexible spending accounts.
• Employer-sponsored retirement plan.
• Paid time off.
• Parental leave.
• Short-term and long-term disability.
• Care and wellness programs.
• Employees may be eligible for a discretionary bonus based on individual, team, and company performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level