Senior Compliance Officer

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

Job summary

An established industry player is on the lookout for a Senior Compliance Officer to join their dynamic compliance team. This pivotal role focuses on supporting a portfolio management team dedicated to the health care sector. The ideal candidate will lead the development and implementation of compliance programs, ensuring adherence to regulatory requirements while fostering innovation. With a strong emphasis on collaboration, the Senior Compliance Officer will work closely with various teams to uphold the highest standards of compliance and integrity. If you possess extensive compliance experience and a passion for driving continuous improvement, this opportunity is perfect for you.

Qualifications

• 15+ years of compliance experience in hedge funds with a focus on regulatory issues.
• Strong analytical and problem-solving skills to effectively address compliance challenges.

Responsibilities

• Provide compliance advisory services to portfolio managers and ensure adherence to regulations.
• Conduct internal investigations and develop compliance programs to mitigate risks.

Skills

Compliance Experience

Regulatory Expertise

Relationship Building

Detail Orientation

Analytical Skills

Communication Skills

Team Collaboration

Technological Proficiency

Independent Decision-Making

Entrepreneurial Mindset

Job description

Senior Compliance Officer

Position Overview

We are seeking a highly skilled and experienced Senior Compliance Officer to join our dynamic compliance team to support the growth a highly valued portfolio management team focused on the health care sector. The ideal candidate will grow with this team and should possess extensive expertise leading the development and implementation of a compliance program that mitigates regulatory issues within the hedge fund business while fostering innovation and growth within the business. This role is pivotal in ensuring the operations of adhere to regulatory requirements, conducting thorough internal investigations, and developing robust compliance programs. The Senior Compliance Officer will collaborate closely with the portfolio management team, the global compliance team, and other departments to uphold the highest standards of compliance and integrity.

Key Responsibilities

• Compliance Advisory: Provide expert advisory services to the portfolio managers, ensuring compliance across various markets.
• Regulatory Guidance: Offer comprehensive advice on a wide range of compliance and regulatory issues pertinent to a health care focused hedge fund.
• Strategy Monitoring: Oversee trading strategies to ensure they align with regulatory requirements.
• Internal Investigations: Conduct detailed internal investigations into compliance-related matters, identifying and mitigating risks.
• Program Development: Review, enhance, audit, and maintain compliance programs to meet evolving regulatory standards.
• Policy Formulation: Develop and implement policies and procedures that reflect changes in business practices, regulations, and emerging issues.
• Audit Preparation: Prepare for and respond to inquiries and audits from regulatory authorities, ensuring thorough documentation and compliance.
• Governance Administration: Administer governance functions and maintain accurate books and records.
• Industry Awareness: Stay abreast of recent compliance, regulatory, and legal issues, trends, and upcoming developments in the financial sector.
• Cross-Department Collaboration: Work closely with the global compliance team and other departments to ensure cohesive compliance practices.
• Legal Liaison: Coordinate with local counsel on regulatory or legal issues specific to the markets we operate in.
• Project Management: Handle additional projects as needed to support the compliance function and drive continuous improvement.

Qualifications and Skills

• Extensive Compliance Experience: Proven track record in supporting complex equities businesses, with a minimum of 15 years of experience in compliance or regulatory roles within hedge funds.
• Independent Decision-Making: Ability to work autonomously to implement the Firm’s compliance program while also ensuring cohesive policy implementation across our global organization.
• Relationship Building: Strong interpersonal skills to build and maintain relationships with Portfolio Management and broader Compliance Teams, both domestically and internationally.
• Regulatory Expertise: Deep understanding of financial regulations and standards, with experience in handling regulatory inquiries and investigations.
• Detail Orientation: Meticulous attention to detail with a strong focus on accuracy and compliance.
• Team Collaboration: Excellent team player capable of prioritizing tasks in a fast-paced, high-pressure, constantly evolving environment.
• Entrepreneurial Mindset: Ability to work within a small team, acting as a project manager to drive initiatives forward.
• Analytical Skills: Strong analytical and problem-solving abilities to identify and address compliance issues effectively.
• Technological Proficiency: Comfortable with various technology applications relevant to compliance.
• Industry Knowledge: Broad product and industry knowledge in the financial sector is advantageous.
• Communication Skills: Exceptional writing skills to draft clear and concise compliance documentation.

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.