Compliance Operations Associate

Job Description

Standish Compliance Services, LLC (Standish Compliance) is comprised of a team of former SEC regulators, seasoned private fund experts, certified AML/KYC specialists, IT-proficient staff, and professional compliance consultants. We serve as an extension of our clients’ in-house compliance team to provide the regulatory and compliance expertise firms need, and that institutional LPs and regulators expect. We assign a dedicated team that works proactively with each client, getting to know and understand their business to design, implement, and administer an effective compliance solution. We provide proactive high-touch compliance expertise and services to leading and emerging private fund managers. Our clients include private equity funds, real-asset funds, hedge funds, venture capital funds, real estate funds, oil and gas funds, other alternative investment funds, and select family offices and private wealth managers. Standish Compliance is a subsidiary of Standish Management, a leading global private fund administrator.

Office:

• Learn and abide by office policies.
• Familiarise yourself with and leverage the Standish Wiki page.

Interpersonal /Training:

• Network with peers to get to know others within your office and teams.
• Participate in your office mentorship program.
• Get to know you mentor and lay out a development plan for yourself with their help.
• Ask lots of questions and take plenty of notes.

Position Summary:

The Operations Associate will work as an integral part of the Standish Compliance Team to deliver exceptional compliance services. The Operations Associate will have the unique opportunity to learn the financial services industry and SEC compliance practices from veteran SEC and industry experts, mid-level seasoned compliance professionals and dedicated junior team members in an inviting and rewarding atmosphere. Standish Compliance is a fast-paced, high-energy firm where the Operations Associate will have opportunities to grow and advance within the firm as his/her knowledge, skills, experience, and enthusiasm permits.

The Operations Associate will be called upon to study and understand new regulatory developments, assist with the development of compliance tracking tools, and assist with the enhancement of various compliance processes. The Operations Associate will work closely with the Operations Manager and other compliance professionals within Standish Compliance to expand their knowledge and expertise of the private fund industry and investment adviser regulatory and compliance requirements.

Responsibilities:

• Serve as part of the operations and client service teams and work together with other compliance team members to help organize, execute, and deliver exceptional compliance services. This individual will interact regularly with client team members by email and Teams and will interact directly with clients primarily through email communications and potentially on Teams calls.
• Work together with client team members across multiple clients in tracking, monitoring, gathering and formatting data, and preparing regulatory filings for clients by requisite due dates.
• Work together with client team members to implement employee Code of Ethics reporting systems, build reporting forms and certifications, process, monitor, review, and follow-up on employee reporting, as needed
• Conduct electronic communications reviews, monitor social media, political contributions and other activities of client employees and monitor articles, press releases, and other internet activity involving clients.
• Create and update standard operating procedures, templates, documentation, guidance, and training materials related to regulatory reporting, Code of Ethics reporting, electronic communications monitoring, and other compliance activities.
• Assist and back-up client teams in maintaining compliance calendars and checklists, monitoring employee activities, reviewing compliance with policies, procedures and regulations, and conducting compliance testing.
• Conduct service provider due diligence reviews, monitor compliance with client cybersecurity policies and procedures utilizing tech-enabled processes.
• Design, implement, utilize and enhance workflow management systems, tracking tools, tech-enabled compliance systems, and other processes utilized by all compliance team members across the organization.
• Work closely with the overall team to continue to learn the private fund industry, clients’ businesses, and compliance programs, as well as regulatory and compliance requirements.

Training & Development Resources:

Standish Compliance Operations Associates will have at their disposal a full suite of resources and tools to ensure current and comprehensive knowledge of private funds, legal and regulatory requirements, and Standish Compliance and client service processes, and other critical skills. Standish Compliance’s comprehensive resources include personalized and collaborative training and development with highly experienced former regulators and private fund compliance experts and Standish Compliance colleagues on 1) private funds structures and operations; 2) SEC regulation, rulemaking developments, examinations and enforcement; 3) SEC regulatory and filing requirements for investment advisers and private funds; 4) adjacent and supplemental regulatory requirements; 5) new developments and topics in regulation and compliance; and 6) critical professional skills. In addition, Standish Compliance Officers have access to a full library and toolbox of compliance modules, document templates, operating policies and procedures, internal and client facing training materials, and instructional resources.

Qualifications:

• Bachelor’s degree is mandatory.
• Interest in the investment management and private fund industry, regulatory and compliance environment, and accounting principles.
• Excellent communication skills, a proactive diligent work ethic, and the ability and desire to work both independently and collaboratively in a team environment.
• Proficiency in Microsoft applications including Outlook, Word, Excel, and PowerPoint, with aptitude to learn new software and systems as needed.
• Ability to work in a fast-paced environment, supporting multiple team members and client service teams, utilizing effective time/task management to meet strict deadlines.
• Ability to handle confidential information and work with limited supervision.
• Strong organizational skills and attention to detail
• Ability to develop and maintain Excel spreadsheets and manage, organize, and analyze data and information.
• Ability to follow instruction and complete tasks in a timely manner, seeking additional clarification and guidance as needed.
• Ability to work proactively to identify tasks and projects needed to provide a high level of service.
• Ability to take initiative and responsibility for completing tasks without being instructed.
• Ability to quickly shift from one client to another and stay organized and focused.

Benefits:

• Medical Aid for Employee/ Main Member
• Gap Cover
• Provident Fund including Group Risk Benefits