Compliance Associate

Octagon Credit Investors; New York (NY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) matching program

Life insurance

Disability insurance

Employee Assistance Program (EAP)

Professional designation and licensure

Family support and leaves of absence

Job summary

Octagon Credit Investors is seeking an experienced compliance professional to administer the firm’s Code of Ethics and support regulatory reporting, testing, and daily compliance monitoring. This role offers growth opportunities in strengthening Octagon’s compliance program.

The Associate will work on testing, AML reviews, regulatory filings, and inquiries while collaborating across teams to ensure adherence to securities laws and firm policies.

Qualifications

• 2+ years of Investment Adviser Compliance experience.
• J.D. is welcome.
• FINRA Series 7, 63, and 24 (optional) is beneficial.
• Knowledge of SEC RIA Code of Ethics, CLOs, private funds, and regulatory reporting (Form ADV, Form PF, etc.).
• Strong MS Office skills; excellent written and oral communication; attention to detail.

Responsibilities

• Administer Code of Ethics program (personal trading, outside business activities, gifts).
• Deliver Code of Ethics training and onboarding/offboarding on compliance platforms.
• Conduct testing and assessment of the Compliance Program under 206(4)-7.
• Review and monitor AML requirements.
• Assist in regulatory filings and respond to inquiries and audits.
• Prepare materials for regulatory examinations and inquiries.
• Provide guidance on compliance policies and process improvements.
• Participate in internal Committees and create meeting materials.
• Review client/fund reporting and marketing materials.
• Assist with portfolio management process compliance (trade monitoring, testing, error correction).
• Research regulatory rules and assist with policy updates.

Skills

Compliance analysis

Regulatory reporting

Code of Ethics

Training delivery

MS Office

Communication

Attention to detail

Education

J.D. welcome

FINRA Series 7/63/24 (optional)

Tools

MS Office

Job description

Octagon Credit Investors, LLC is a 25+ year old, $31+B SEC registered investment adviser focused on leveraged loan, high yield bond, structured credit (CLO debt and equity) and private credit investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.

The firm was founded in 1994 as a separate business unit of Chemical Bank and in 1999, Octagon spun out from Chase Manhattan Bank. Octagon honors its heritage through its company name and logo, both of which are derived from Chase Manhattan's emblem. Located in New York, the firm currently comprises approximately 100 employees, many of whom have spent their entire professional careers at Octagon.

Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our funds/accounts under management. We also embrace the principles of diversity, equity, and inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone’s voice is heard, every idea counts, and the differences of our employees are valued.

Position Summary:

The Associate will primarily be responsible for administering the Code of Ethics and various aspects of regulatory reporting, testing, marketing review, and daily compliance monitoring. We are looking for an experienced compliance professional who will take on an integral role in helping to contribute to the management of Octagon’s compliance program. This role provides the opportunity to grow as a compliance professional and generalist.

Essential Duties and Responsibilities:

• Carry out the administration of the firm’s Code of Ethics (personal trading, outside business activities, political contributions and gifts and entertainment)
• Deliver Code of Ethics training and onboarding/offboarding employees onto RIA and FINRA compliance management platforms
• Conduct testing and assessment of the firm’s Compliance Program under 206(4)-7
• Ongoing review and testing of the Firm’s AML requirements
• Assist in the preparation, documentation, and submission of regulatory, federal, state and governmental filings and help manage ongoing filing matters
• Prepare for and respond to regulatory inquiries, examinations, internal and external audits
• Answer questions pertaining to the firm’s compliance policies, apply judgment in response to day-to-day questions, and follow up with solutions/process improvement
• Participate in various internal Committees and assist by creating meeting materials
• Review of clients’/funds’ reporting and marketing materials
• Assist with Compliance review of portfolio management process, which includes trade monitoring, testing and error correction
• Opportunities to research regulatory rules and assist with policy updates and implementation
• Establish expertise in company products and overall business needs
• Proactively engage in any ad-hoc or special projects that may arise

Areas of Knowledge, Skills, and Abilities/Qualifications:

• 2+ years of Investment Adviser Compliance experience
• FINRA Series 7, 63, and 24 (optional)
• Candidates holding a J.D. are welcome
• Working knowledge of the following: SEC RIA Code of Ethics requirements, Collateralized Loan Obligations (CLOs), private funds, and/or legal knowledge (i.e., fund structure, regulatory research, transactions, governance, etc.), regulatory reporting (e.g., Form ADV, Form PF, AIFMD/foreign filings)
• Strong proficiency in Microsoft Office applications
• Excellent written and oral communication skills, strong analytical skills, and exemplary attention to detail
• Ability to multi‑task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)
• Highly motivated, proactive team player with a positive attitude
• Outstanding reputation of professional integrity and maturity
• Ability to clearly articulate views and supporting data

Compensation and Benefits:

• Competitive salary and eligibility for year-end performance-based bonus
• Medical, dental, vision, life, and disability insurance
• 401(k) matching program
• Employee Assistance Program (“EAP”)
• Professional designation and licensure assistance
• Family support and leaves of absence

Note:

Please note that Octagon does not sponsor work visas or immigration-related employment benefits. We encourage all individual applications; please, no recruiters or agencies.