Compliance Associate

GCM Grosvenor • Chicago, IL

1d • $80,000 - $115,000 • Hybrid

About The Position

As a member of Compliance, the individual in this position will be responsible for administering and supporting the compliance functions of GCM Grosvenor. As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursday.

Requirements

• Bachelor’s degree required.
• 2 to 5 years of experience working in a legal or compliance related role within a financial services firm (broker-dealer, investment adviser, etc.), regulatory body (FINRA, SEC, other SRO) or at a compliance consultant or law firm dealing with broker-dealer, investment advisor, and AML matters.
• Strong written and oral communication skills.
• Understanding of regulatory and self-regulatory agencies (e.g., FINRA, SEC, CFTC, NFA, FSA) and 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, with a strong presence and team building skills.
• Strong Microsoft Excel and PowerPoint skills.
• A reliable self-starter, with a bias for action, requiring a minimum amount of direction, yet also good instincts and judgment regarding when to involve others.
• High energy level with strong work ethic and flexibility to work long hours at times to accommodate time-sensitive deliverables (e.g., regulatory examinations, fund closes, etc.).
• Responsive to internal and external clients, including timely responses to emails.
• Outstanding organizational and time-management skills and ability to create effective processes.
• Attention to detail, strong analytical and problem-solving skills, and superior organization and project management skills.
• The ideal candidate is a self-motivated, intellectually curious professional who thrives in a fast-paced environment and values precision, practicality, and teamwork.
• They will bring an ownership mindset, a high level of integrity, and a collaborative approach to partnering with colleagues across all levels of the firm.

Nice To Haves

• Other certifications or licenses, such as ACAMS, FINRA Securities Industry Essenitials (SIE) and Series 7 are a plus.
• Experience with a variety of Compliance and AML systems (e.g., RDC, Moody’s, MyComplianceOffice, Complysci, etc.) and ability to manage changing systems and systems implementation a plus.

Responsibilities

• Assisting with RIC regulatory filings (including Forms 3/4/5, N-2, N-CSR, N-CEN, N-PX, SC TO-I, and 40-17G).
• Preparing tender offer documents.
• Assisting with the annual update of the Funds’ Registration Statements.
• Preparing board meeting materials and organizing board meeting logistics.
• Collaborating with internal teams to draft the response for the 15(c) request letter.
• Assisting the Funds’ CCO in conducting the 38a-1 Annual Review.
• Preparing applications for the fidelity bond and D&O/E&O insurance policy.
• Coordinating completion of D&O questionnaires.
• Conducting monthly, quarterly, and annual testing.
• Drafting policies and procedures.
• Reviewing investor subscription agreements to comply with certain requirements, including AML and KYC.
• Assisting with Federal, State, and International regulatory filings (including Form ADV, Form PF, CPO PQR/CTA PR, AIFMD Annex IV, Forms U4, U5, BD, BR, D, and DA).
• Helping maintain information barriers program, including but not limited to, restricted list maintenance, conflict reviews and approving expert networks.
• Providing compliance guidance to employees on a day-to-day basis around policies, procedures, and protocols.
• Performing electronic communications review, surveillance, other testing and helping conduct the annual review.
• Assisting the Firm and Senior Compliance Officers during audits, regulatory, or mock exams
• Analyzing new and pending laws and regulations to identify properly and expeditiously those which may impact the Firm’s business and collaborating with the Senior Compliance Officers to revise the Firm’s policies and procedures, as necessary.
• Assisting with other compliance tasks.

Benefits

• Eligible employees can elect to participate in comprehensive healthcare coverage (including medical, dental, vision and life insurance), flexible spending accounts, and the employer sponsored retirement plan.
• Additionally, employees are eligible for paid time off, parental leave, short-term and long-term disability, as well as other care/wellness programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees