Compliance - 40 Act - Associate

TEAM OVERVIEW

KKR’s Legal & Compliance team is involved in all matters of trading, anti-corruption, conflicts of interest, etc. to protect the firm, our clients and investors, and our reputation. The team advises on compliance, oversight, monitoring, and reporting of the Firm’s trading platform and activities. The Legal & Compliance team drafts and updates KKR’s policies and procedures to ensure accountability for legal and regulatory requirements and adherence to our high ethical standards. The team also provides support for our employees by advising on and creating precautions for personal conflicts matters including social media usage, personal investing, outside business activities, etc.

POSITION SUMMARY

KKR is seeking a resource to support the growing KKR Public Vehicle and Registered Investment Company platform (40 Act Platform). This role entails supporting the registered investment companies, registered business development companies (“BDCs”), and other public investment vehicles managed by KKR & Co. Inc., KKR Credit Advisors (US) LLC, KKR Registered Advisor LLC and FS/KKR Advisor, LLC. Based in Boston, this individual will be responsible for assisting with the development of the compliance and regulatory program aspects of the 40 Act Program and growing platform under KKR Public and Private Markets.

A successful candidate will typically have 4-6 years of experience with a demonstrated track record in the legal or compliance department of a leading financial services organization. Experience in U.S. federal securities laws, asset management and U.S. registered funds and related regulatory issues is preferred but not required. An understanding of the US securities laws, including the Investment Advisers Act of 1940, the Investment Company Act of 1940, and the Securities Act of 1933 is preferred but not required.

ROLES & RESPONSIBILITIES

• Support KKR Public and Private Markets’ SEC exemptive relief program including ownership of corresponding processes, controls and documentation including investment allocation oversight and monitoring
• Assistance in preparation and distribution of board and committee materials and minutes for KKR Public and Private Markets’ 40 Act Funds
• Assist onboard and regulatory governance requirements (charter requirements, NYSE, etc.)
• Work with broader Compliance team to build technology solutions to aid in execution of the relevant components of the ‘40 Act Platform
• Maintain regulatory filings calendar for the 40 Act Funds, including assistance in filing of board and executive officer Form 3s and Form 4s and other regulatory filings
• Coordination of 38(a)-1 compliance testing and monitoring program across KKR Public and Private Markets ’40 Act Funds
• Perform reviews of Service Providers and Advisor investment guideline reporting
• Preparation of compliance reporting to Board (quarterly CCO Report, annual 38(a)-1 compliance report)
• Assist on affiliated transaction documentation and reporting
• Stay abreast of ‘40 Act regulatory matters and assist with exam preparedness efforts
• Filing and organization of fund legal documents and materials, including organization and maintenance of shared drives and Box folders
• Assist with drafting, updating and maintaining 40 Act Funds compliance policies and procedures

QUALIFICATIONS

• Minimum 4-6 years of experience in investment company and advisory compliance
• Experience and understanding of ’40 Act regulatory landscape, examinations and areas of enforcement priorities
• Experience and understanding of SEC Investment Company and Investment Advisers Act Rules
• Strong interpersonal and relationship management skills with an ability to partner with front office executives to implement change
• High level of integrity, confidentiality and judgment
• Ability to make pragmatic decisions and recommendations to business constituents and firm management
• Ability to coordinate with other relevant functional groups including Legal, Treasury, Client Solutions Group, Finance and Operations and will interface regularly with KKR on legal and compliance matters
• Ability to independently manage multiple projects in a collaborative manner with multiple stakeholders through to completion in a dynamic and changing environment
• Accountable, with a strong sense of professionalism and integrity
• Highly organized, efficient and able to work to tight deadlines in a high-pressure environment
• Excellent interpersonal skills and the ability to build strong professional relationships at all levels, with both internal and external parties
• Maturity, presence, sound judgment and ability to form and express opinions effectively to cross-divisional teams, including senior management
• Excellent proficiency in Microsoft Excel, PowerPoint and other data analytics tools