Compliance Associate

Alger; New York (NY); On-site; USD 125,000 - 160,000; Full time

Job summary

A leading firm in financial services is seeking a Compliance Associate to support the Compliance Department. Responsibilities include assisting in compliance matters, maintaining regulatory knowledge, and ensuring adherence to policies. This role requires an undergraduate degree and offers a competitive salary with discretionary bonuses.

Qualifications

• Undergraduate degree required with GPA of 3.0 or above.
• 2-5 years of work experience in financial services preferred.
• FINRA Series 7 is preferred but not required.

Responsibilities

• Assist the Compliance Department on various compliance matters.
• Develop, draft, and execute policies to detect federal securities violations.
• Continuously review compliance program for improvements.

Skills

Knowledge of investment regulations

Analytical skills

Risk management

Education

Undergraduate degree

Tools

FINRA regulations

Job description

Description

Job Title: Compliance Associate
Reporting to: VP, Compliance Manager
Location: NYC

Job Description:

Alger seeks a highly motivated and organized individual to serve as a Compliance Associate (CA). The CA will assist and support members of the Compliance Department, including the Compliance Manager and Chief Compliance Officer. This is a generalist role.

Responsibilities:

• Assist the Compliance Department and Alger on various compliance matters.
• Maintain knowledge of the Investment Advisers Act of 1940 and Investment Company Act of 1940.
• Knowledge of FINRA regulations is a plus but not required.
• Assist in developing, drafting, and executing policies and procedures to detect and prevent violations of federal securities laws and mitigate risks.
• Review and analyze reports and business practices against policies and procedures under supervision.
• Provide guidance to the business on compliance matters, client guideline interpretation, and regulatory issues under supervision.
• Manage the identification, communication, and tracking of regulatory changes and analyze their impact for Alger under supervision.
• Identify potential areas of compliance vulnerability and aid in developing and implementing corrective actions under supervision.
• Continuously review policies, procedures, and trade surveillance activities to improve the compliance program.
• Assist in administering and reporting on the Code of Ethics and personal trade activities.
• Review and file (if applicable) domestic and global marketing materials, client certifications, RFPs, and due diligence questionnaires. Assist in developing and implementing employee training.

Qualifications:

• Undergraduate degree required.
• GPA of 3.0 or above on a 4.0 scale.
• FINRA Series 7 preferred but not required.
• Up to 2-5 years of work experience, preferably in the financial services industry.
• 1-3 years in investment banking, private equity, equity research, or a similar industry.

Compensation: Base salary anticipated to be $125-160k, plus discretionary bonus and benefits.