Compliance Associate

GCM Grosvenor • Chicago, IL

1d • $90,000 - $110,000 • Hybrid

About The Position

As a member of Compliance, the Compliance Associate administers and supports the compliance functions of GCM Grosvenor. The position is onsite/hybrid, with an expectation to work in the office on Tuesdays, Wednesdays, and Thursdays. The role supports regulatory filings, investor diligence, compliance monitoring, employee guidance, surveillance, audits, policy development, training, regulatory analysis, and employee trading compliance.

Requirements

• Bachelor’s degree required.
• 2 to 5 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 requirements of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, and the 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.
• Reliable self-starter with a bias for action who requires minimal direction and exercises good instincts and 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 such as regulatory examinations and fund closes.
• 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 superior organization and project-management skills.
• Self-motivated, collaborative team player who takes initiative with discretion and judgment and is energized by working with thoughtful, fast-paced colleagues.

Nice To Haves

• Certifications or licenses such as ACAMS, FINRA Securities Industry Essentials (SIE), or Series 7.
• Experience with a variety of 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 and due diligence of third-party administrators.
• 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 on 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 exams, and mock exams.
• Draft policies and procedures.
• Develop and conduct employee trainings.
• Analyze new and pending laws and regulations for potential impact on the Firm’s business, and collaborate with Senior Compliance Officers to revise policies and procedures as necessary.
• 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.
• Other 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: Mid Level