Compliance Officer

Millennium; New York (NY); On-site; USD 160,000 - 250,000; Full time

Benefits offered by this job

Discretionary performance bonus

Comprehensive benefits package

Job summary

A leading financial institution in New York is seeking a Compliance professional to provide coverage for the Credit Business and Infrastructure groups. This role involves supporting compliance for regulatory examinations and monitoring compliance processes. The ideal candidate should have a law degree or relevant legal background, strong knowledge in CLO and illiquid credit, and excellent communication skills. The estimated salary is between $160,000 and $250,000, with a comprehensive benefits package.

Qualifications

• Strong knowledge and experience in CLO manager and illiquid credit.
• Detail-oriented with strong ownership of work.
• Able to work in a fast-moving, high-pressure environment.

Responsibilities

• Provide on-desk Compliance coverage for Credit Portfolio Manager teams.
• Keep Senior Management updated on compliance landscapes.
• Support with regulatory reporting as required.

Skills

Knowledge of CLO manager

Knowledge of illiquid credit

Compliance monitoring and surveillance

Strong communication skills

Ability to prioritize

Education

Law degree

Job description

This role will provide Compliance coverage to the Credit Business and Infrastructure groups in the US with a focus on CLO Manager, illiquid credit, operating in close partnership with the existing Compliance teams globally as well as the Global FIC Business Management team, and the various CLO & Credit Portfolio Managers.

Principal Responsibilities

• Provide on desk Compliance coverage for all Credit Portfolio Manager teams and wider FI PMs as required.
• Keep local Senior Management constantly appraised of the overall compliance landscape and exposures within the CLO and illiquid Credit business.
• Provide Compliance coverage for relevant regulatory examinations, internal investigations, regulatory inquiries, and internal and external audits and inspections.
• Track relevant regulatory developments.
• Participate in working groups and projects as needed.
• Provide support with regulatory reporting as required.
• Periodic regional travel may be required.

Qualifications/Skills Required

• Law degree and legal background is preferred but not essential.
• Strong knowledge of CLO manager, illiquid credit and general credit businesses.
• Strong knowledge and experience of Compliance monitoring and surveillance.
• Strong regulatory background US markets.
• Comprehensive understanding of and experience working with the rules and regulations and compliance processes and systems.
• Quick learner, detail oriented; demonstrable thoroughness and strong ownership of work.
• Good team player with a strong willingness to participate and help others.
• Able to prioritize in a fast moving, high pressure, constantly changing environment; high sense of urgency.
• Strong communication skills.

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.