Compliance Associate - Registered Funds

Fairview•Raleigh, NC

About The Position

The Compliance Associate works directly with clients and collaborates with the compliance team to support SEC-registered investment advisers that manage or advise mutual funds, ETFs, and other registered investment companies. This client-facing role applies practical knowledge of registered fund structures, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and related compliance requirements. It calls for technical knowledge, strong communication and organizational skills, attention to detail, and the ability to work collaboratively with clients and colleagues. The role supports clients’ ongoing compliance programs, including administration, monitoring, testing, documentation, filings, recordkeeping, governance, and program enhancement. The associate also helps identify regulatory developments and assess their impact, supports fund service-provider oversight, participates in client meetings, and assists with SEC examinations, compliance reviews, annual reviews, and other regulatory matters.

Requirements

Bachelor’s degree.
Professional experience working with mutual funds, ETFs, registered investment companies, investment advisers to registered funds, or in a closely related investment management compliance environment.
Working knowledge of the Investment Company Act of 1940 and practical experience with regulatory and compliance requirements applicable to mutual funds, ETFs, or other registered investment companies.
Familiarity with the Investment Advisers Act of 1940 and the compliance obligations of SEC-registered investment advisers.
Experience in investment management compliance, registered fund compliance, legal or regulatory matters, consulting, fund administration, or a related field.
Ability to understand and apply regulatory requirements to day-to-day compliance activities.
Strong analytical and organizational skills, with careful attention to detail.
Strong written and verbal communication skills and the ability to communicate effectively with clients and colleagues.
Ability to manage multiple client matters and priorities in a collaborative, deadline-driven environment.

Nice To Haves

Experience with mutual fund or ETF compliance.
Experience with registered investment company compliance programs.
Experience with investment adviser compliance.
Experience with Investment Company Act requirements.
Experience with fund governance and board reporting.
Experience with compliance testing and annual reviews.
Experience with SEC regulatory examinations.
Experience with regulatory filings and recordkeeping.
Experience with fund service-provider oversight.
Experience with policies and procedures applicable to advisers or sub-advisers to registered funds.

Responsibilities

Work directly with SEC-registered investment adviser clients serving as advisers or sub-advisers to mutual funds, ETFs, and other registered investment companies.
Collaborate with the compliance team to support clients’ ongoing compliance programs.
Support compliance programs addressing requirements under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, including requirements associated with managing or advising registered investment companies.
Assist clients with administering, monitoring, testing, and enhancing compliance policies and procedures.
Review policies, procedures, compliance testing, and other elements of advisers’ programs relating to mutual fund and ETF activities.
Assist with regulatory filings, compliance monitoring, testing, documentation, and recordkeeping.
Support preparation and review of materials related to registered fund compliance oversight and governance.
Help identify regulatory developments affecting investment advisers, mutual funds, and ETFs and evaluate their impact on existing compliance programs.
Collaborate on compliance matters involving fund service providers and other parties supporting registered investment companies.
Participate in client meetings and provide practical compliance support related to registered fund activities.
Assist with SEC examinations, compliance reviews, annual reviews, and other regulatory matters involving investment advisers and registered investment companies.
Research regulatory requirements and help translate them into practical compliance processes.