Sr. Compliance Officer, Asset Management

4 months ago

Chicago, United States Northern Trust Full time

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

50 South Capital Advisors, LLC ("50 South") is a global alternatives investment firm that provides differentiated solutions and access to private equity, private credit and hedge fund investment opportunities. 50 South currently has aggregate assets under management and assets under administration of approximately $12 billion.

The successful candidate will report to the Chief Compliance Officer of 50 South and also the Alpha Strategies Fund, a registered closed-end fund managed by 50 South. The person in this role will work closely with 50 South’s Board, the Alpha Fund board, Northern Trust partners in the business unit and risk management, as well as internal and external counsel, to proactively administer and maintain a comprehensive compliance program. This position is part of Northern Trust’s Asset Management (“NTAM”) Compliance team, led by the Head of Compliance for Asset Management.

Location for this role will be in Stamford, CT or Chicago, IL

The key responsibilities of the role include:

  • Provide compliance oversight and monitoring over key affiliated and unaffiliated service providers to 50 South and the Alpha Strategies Fund, including sub-funds, and their compliance policies and procedures.
  • Assist with quarterly board reporting and the annual 206(4)-7 and 38a-1 reports.
  • Support the CCO with the oversight and administration of the various components of the adviser compliance program e.g. testing, monitoring, surveillance, policies and procedures, incident reporting, marketing materials review, control documentation.
  • Identify and monitor conflicts of interest.
  • Support the CCO in with the SEC on regulatory matters affecting 50 South and the Alpha Strategies Fund.
  • Effectively work with internal business unit, risk management, and legal functions, as well as the 50 South and the Alpha Strategies Fund Boards and outside counsel, to administer and maintain a comprehensive compliance program, provide advice and problem solve regarding applicable laws, regulations, rules, and standards, including informing them of developments or changes that may affect their area and working with them to implement effective compliance programs.
  • Manage a team member focused on 50 South.

The successful candidate will benefit from having:

  • Extensive knowledge of the Investment Company Act of 1940 and the Investment Advisers Act of 1940 and other securities laws.
  • Ability to effectively present to the 50 South and the Alpha Strategies Fund Boards and Northern Trust executive officers within Asset Management and earn their respect and trust.
  • Experience interacting with regulators and auditors and leading regulatory exams.
  • Analytical and communication skills required to review laws/regulations, assess their impact, and work with affiliated and unaffiliated service providers to monitor, review, and/or implement any necessary policies, procedures, processes, and controls.
  • Must be a self-starter, able to work both independently and as part of a team.
  • Exceptional written, verbal, and interpersonal communication skills.
  • Strong leadership and organizational skills, commitment to change and to teaching the next generation of leaders in compliance.
  • Bachelor’s degree required; advanced degree or JD preferred.
  • 5 + years as a compliance professional, ideally at least 5 years supporting an alternatives asset management compliance program that includes Investment Company Act requirements.
  • Experience working at a regulator a plus.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

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