What are the responsibilities and job description for the Compliance Counsel position at Cardea Group?
Compliance Counsel (New York, NY): Our client, a successful and complex hedge fund with over $10B in AUM, is expanding their team due to their recent growth in assets and expanding AUM through 2025. In a newly designed seat, this Compliance Counsel will report into the GC and CCO (two separate people) and cover primarily compliance responsibilities while also assisting across corporate and transactional legal matters. As part of a lean team, this is an exceptional opportunity to gain exposure to the day-to-day compliance program while also getting involved in a diverse array of legal matters.
Key Points:
- Opportunity to step into a newly created seat within an established and successful hedge fund
- Individual will be given a fair amount of training and mentorship in addition to autonomy
- Fund performance is among the top of its peers with a strong track record and success in raising a number of new funds in the past several years
Responsibilities:
- Assist with the management of the day-to-day compliance program inclusive of two registered investment advisors
- Along with the CCO, develop and maintain policies and procedures and conduct periodic testing of policies
- Prepare regulatory filings (Form ADV, Blue Sky, Form D, Form PF)
- Play a pivotal role in the maintenance of the firm’s compliance program
- Monitor legal developments as it relates to regulatory and compliance developments to advise, design and implement new compliance policies as necessary
- Assist the General Counsel in fund formation and fund launches by reviewing fund documents, offering memorandums, LPAs, etc.
- Collaborate with the CCO to conduct the annual compliance review
- Cultivate relationships with key third party vendors and conduct due diligence reviews
- Negotiate trading agreements, custodial agreements, prime brokerage agreements, NDAs, and confidentiality agreements
- Review marketing materials, oversee personal trading, attestations, and conduct employee training
Qualifications:
- 2-3 years of post law-school experience ideally within a fund (private equity, hedge fund, private credit, etc.) or fund adjacent (compliance consulting) setting
- Knowledge of the Investment Advisors Act of 1940 and the Securities Exchange Act of 1930;
- Command of a compliance program and advising on securities laws
- Excellent analytical and communication skills; strong attention to detail and must be able to identify and analyze regulatory and compliance issues within a fast-paced environment
Compensation: $150-190K; $200-250K all-in
Job Reference #2975339
Salary : $150,000 - $190,000
