Senior Associate, Compliance Testing & Monitoring

Job Description

The Ares Compliance Department oversees and manages Ares’ global regulatory compliance and ethics program. Under the leadership of the Chief Compliance and Regulatory Officer, the Compliance Department is comprised of functionally and business-aligned teams that operate collaboratively based on the Firm’s overall structure: Investment Adviser Compliance, which oversees implementation of global policies and procedures as well as Regulatory Reporting and Compliance testing;  Marketing & Distribution Compliance, focusing on global marketing and investor relations, including compliance for Ares’ registered broker-dealers; Regulated Funds Compliance, which oversees the compliance for advised and sub-advised registered funds and public companies; Information Management and Trade Surveillance Compliance, which administers the Code of Ethics, Control Room and trade surveillance program; Financial Crime Prevention, which administers Ares’ Global Anti-Money Laundering and Counter-Terrorism Financing Program; and Compliance Operations, which oversee the department’s operational and reporting functions with a focus on regulatory reporting and management of strategic initiatives; and the EMEA and APAC-based Compliance programs.

Ares is seeking a Monitoring & Testing associate vice president to join our Compliance team.  The ideal candidate will play a key role in assessing the firm’s adherence to regulatory requirements and internal policies through comprehensive reviews and risk evaluations.  The ideal candidate will identify potential compliance risks, investigate breaches, and partner with Compliance policy owners in recommending effective corrective actions. This role also includes oversight of critical components of the firm’s monitoring and testing program, with a strategic focus on enhancing the overall compliance framework.

Reporting relationships

Reports to:

Vice President, Compliance Monitoring & Testing

Supervises: n/a

Primary functions & responsibilities

• Conduct and oversee ongoing compliance testing across all relevant areas, including the handling of inside information and material non-public information, adherence to the code of ethics, marketing and advertising practices, electronic communications, and social media activities

• Review electronic surveillance findings, collaborate with policy owners, and manage reporting and detailed testing workpapers that support findings and outcome

• Identify compliance risks and control deficiencies, and recommend corrective actions and enhancements based on testing results

• Utilize strong communication skills to collaborate effectively with compliance teams, senior business management, and oversee third-party service providers

• Lead and participate in special projects aimed at enhancing efficiency in testing, centralizing compliance testing, and improving the monitoring and testing program

Qualifications

Education:

• Bachelor's degree required

• Advanced Degree preferred

Experience Required:

• 5-8 years of Finance industry experience in Compliance, with experience at a global asset management firm a plus

• Understanding of control frameworks and risk assessment analysis

• Experienced business writer with proven ability to provide clear and concise descriptions of work performed and conclusions reached.

• Broad knowledge of financial products, markets, and laws and regulations such as FINRA rules, SEC rules, and the Investment Company Act of 1940 is preferred

• Experience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting firm, compliance consulting firm, or regulator preferred

General Requirements:

• Detail-oriented, robust analytical, investigative and problem-solving skills.

• Strong interpersonal, communication, and organizational skills, with the ability to manage up

• Flexible to changing business priorities and ability to multitask in a constantly changing environment.

• Ability to work both independently and collaboratively within a team environment.

• Ability to manage multiple assignments simultaneously with minimal supervision.

• Demonstrate flexibility in working hours to effectively coordinate with team members across multiple time zones

• Proficient in Excel, PowerPoint, MS Access, and other MS Office applications

Reporting Relationships

Compensation

$135,000-$175,000

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.