What are the responsibilities and job description for the Compliance Officer position at Locust Point Capital?
Job Title: Compliance Officer
Location: Miami, Florida (Brickell neighborhood)
Company: Locust Point Capital, Inc.
About Us:
Locust Point is an investment adviser registered with the Securities and Exchange Commission, and is a leading lower middle market lender and investor to seniors housing and care companies seeking flexible non-dilutive financing solutions. We bring a relationship approach to lending and form long lasting partnerships with borrowers, lenders, private equity funds, and sponsors. Our team has broad lending and investing experience in the seniors housing and care sector and our investment philosophy is built on providing the transparency, flexibility, and reliability that sophisticated investors demand. We are committed to transparency, integrity, and compliance in our investment practices, providing customized financing solutions to the seniors housing and care industry while adhering to industry best practices and regulatory standards.
Position Overview:
We are seeking a Compliance Officer to join our growing Legal & Compliance team. The ideal candidate will work closely to support our General Counsel and CCO and will be responsible for managing the firm's compliance program, ensuring adherence to federal securities laws and SEC regulations. The Compliance Officer will collaborate closely with various departments at the firm to promote a culture of compliance and risk management within the organization. The position provides an attractive opportunity for upward mobility at the firm, with the expectation that the high performing candidate will be considered for promotion to Deputy CCO and eventually CCO.
Key Responsibilities:
- Assist the CCO in developing, implementing, and managing a comprehensive compliance program in accordance with federal securities laws and SEC rules.
- Assist CCO with annual compliance review, including forensic testing and management reporting on results. Work closely with firm’s various functional teams on implementing, monitoring and updating all necessary compliance policies and procedures
- Perform ongoing monitoring and approval of personal trading, gifts and entertainment activities, outside activities, political contributions and other Code of Ethics policies and procedures via ComplianceAlpha.
- Prepare and maintain all regulatory filings (Form ADV, Form PF, Form D, Corporate Transparency Act BOI Reports, etc.)
- Conduct compliance training for employees to ensure understanding of relevant regulations, internal policies, and ethical standards.
- Perform regular compliance audits and risk assessments to identify and mitigate potential compliance risks.
- Review pitchbooks, investor reports, DDQs and the firm's advertising and promotional materials to ensure compliance with the Private Fund Marketing Rule (Rule 206(4)-1).
- Coordinate with external auditors and regulatory bodies during examinations and audits.
- Perform investor qualification and AML/KYC verifications for new investors.
- Assist in the preparation and filing of regulatory documents, including Form ADV, Form PF, and other required reports.
- Respond to compliance inquiries and provide guidance on compliance-related matters.
- Collaborate with legal, investment, and operations teams to ensure compliance across all business activities.
- Maintain comprehensive records of compliance activities, policies, and training programs.
Qualifications:
- Bachelor’s degree in Finance, Business Administration, Law, or a related field; advanced degree preferred.
- Minimum of 5 years of experience in compliance within the investment advisory or financial services industry, with experience as a compliance officer at a registered investment adviser, at the SEC or with a major compliance consulting firm regarded as a significant plus.
- In-depth knowledge of SEC regulations, including the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Private Fund Marketing Rule, and other applicable federal securities laws.
- Strong analytical skills and attention to detail.
- Experience with SEC exams and knowledge of SEC exam practices highly preferred.
- Excellent communication and organizational skills, with the ability to interact effectively at all levels of the organization.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- High ethical standards and a commitment to upholding compliance integrity.