Senior Compliance Associate - Private Alternatives

AllianceBernstein LP • Nashville, TN

6d

About The Position

AllianceBernstein is seeking a detail-oriented Compliance Associate to support its Private Alternatives business. The Associate will help support and may oversee key elements of the Private Alternatives Compliance program, including compliance surveillance and testing, regulatory obligations, and ongoing monitoring across private alternative businesses. The role partners with investment teams, Legal & Compliance colleagues, and other business stakeholders to understand the businesses, identify and assess compliance risks, and escalate significant issues as appropriate. It requires strong judgment, the ability to independently manage recurring compliance processes, and experience identifying and addressing gaps within a compliance program.

The Legal and Compliance Department ensures compliance with the legal and regulatory requirements to which AB is subject, protects the firm from regulatory and reputational risk globally, and strengthens its culture of compliance. It provides advice in partnership with business units and conducts global monitoring and training activities to prevent, detect, and mitigate risk. These activities support the firm’s business strategy and objectives while maintaining a high standard for integrity.

The position supports the Director of Private Alternatives Compliance and the Chief Compliance Officer in executing and strategically developing the Private Alternatives Compliance program. It also coordinates applicable governance processes and supports the annual Rule 206(4)-7 compliance review.

Requirements

• Bachelor’s degree required; a degree in business, finance, accounting, economics, legal studies, information systems, or a related field.
• Four or more years of relevant compliance, legal, risk, or audit experience.
• Familiarity with regulatory and fiduciary obligations relevant to private fund vehicles, including governance, conflicts of interest, and investment and expense allocation.
• Excellent attention to detail, organization, documentation discipline, and ability to manage time-sensitive requests in a fast-paced environment.
• Strong analytical skills, sound judgment, and ability to evaluate complex facts, identify potential issues, and recommend practical next steps.
• Strong written and verbal communication skills, including the ability to explain compliance requirements clearly and professionally to investment professionals, employees, and business stakeholders.
• Demonstrated discretion and ability to handle confidential client, investment, business, and firm information appropriately.
• Proficiency with Microsoft Office, particularly Excel, Word, Outlook, and PowerPoint.

Nice To Haves

• Experience supporting private alternative investment products, private funds, or alternative asset classes.
• Experience developing, implementing, or enhancing a compliance program.
• Familiarity with Copilot or similar AI-enabled productivity tools.

Responsibilities

• Execute and support the Private Alternatives Compliance surveillance and testing program, including identifying, assessing, and documenting compliance risks and potential control gaps; escalating findings as appropriate; and tracking remediation to completion.
• Support the Director of Private Alternatives Compliance and the Chief Compliance Officer in executing and strategically developing the Private Alternatives Compliance program.
• Collaborate with Compliance, Legal, and business stakeholders to enhance processes, strengthen controls, and support the continued growth and maturation of the Private Alternatives Compliance program.
• Build relationships with investment teams, Investor Relations, the global Sales force, Operations, Legal, and other stakeholders to develop a strong understanding of the business.
• Coordinate applicable governance processes, including preparing compliance materials, obtaining approvals, documenting meetings, and maintaining related records.
• Support the annual Rule 206(4)-7 compliance review.
• Review and enhance policies, procedures, controls, and monitoring processes designed to address risks associated with Private Alternatives products and operations.
• Stay current on regulatory expectations, industry developments, and emerging risks relating to private funds, alternative investments, conflicts of interest, allocation practices, fund governance, and other Private Alternatives compliance and control functions.

What This Job Offers

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