Company : Leverage Companies
Reports to : Chief Executive Officer
Location : Newark, New Jersey
Job Description :
The Director of Compliance will be responsible for developing, implementing, and managing the firm’s compliance framework to ensure adherence to all applicable regulatory requirements, with a specific focus on private lending practices. This role requires deep expertise in regulatory compliance related to private equity, real estate, and private lending operations. The ideal candidate will have a proven track record in navigating complex compliance landscapes, maintaining robust policies and procedures, and fostering a culture of compliance across the organization.
Key Responsibilities :
Regulatory Oversight :
- Monitor and ensure compliance with all applicable federal, state, and local laws and regulations related to private lending, real estate transactions, and fund management.
- Stay updated on regulatory changes, including SEC, FINRA, and CFPB regulations, and communicate their implications to key stakeholders.
Policy Development and Implementation :
Design, implement, and maintain comprehensive compliance policies and procedures tailored to private equity and direct lending operations.Establish best practices to mitigate risks in underwriting, fund management, and loan origination activities.Internal Controls and Monitoring :
Oversee internal audits to assess adherence to compliance policies and identify areas for improvement.Develop and maintain reporting systems to track compliance metrics and provide regular updates to executive leadership.Training and Education :
Lead compliance training programs for employees to ensure awareness of and adherence to regulatory requirements and internal policies.Serve as a trusted advisor to the management team, providing guidance on compliance-related matters.Risk Management :
Conduct risk assessments to identify vulnerabilities in private lending practices and recommend corrective actions.Collaborate with legal counsel, fund administrators, and third-party consultants to ensure regulatory compliance.Fund Management Compliance :
Ensure the fund's documentation, marketing materials, and investor communications comply with applicable laws and regulations.Oversee KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures for fund operations.Qualifications :
Bachelor’s degree in finance, law, business administration, or a related field. A Juris Doctor (JD) or Master’s degree in compliance or finance is a plus.8 years of experience in compliance, with a strong focus on private lending, real estate, or private equity.Comprehensive knowledge of regulations affecting private lenders and funds, including SEC, Dodd-Frank, and applicable state lending laws.Experience managing compliance frameworks for direct lending funds, including underwriting and fund reporting processes.Strong leadership skills with the ability to influence and build consensus across various stakeholders.Excellent analytical, communication, and problem-solving skills.
