Associate Vice President, Compliance Testing

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 relationshipsReports to: Vice President, Compliance Monitoring & TestingSupervises: n/aPrimary functions & responsibilitiesConduct 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 activitiesReview electronic surveillance findings, collaborate with policy owners, and manage reporting and detailed testing workpapers that support findings and outcomeIdentify compliance risks and control deficiencies, and recommend corrective actions and enhancements based on testing resultsUtilize strong communication skills to collaborate effectively with compliance teams, senior business management, and oversee third-party service providersLead and participate in special projects aimed at enhancing efficiency in testing, centralizing compliance testing, and improving the monitoring and testing programQualificationsEducation: Bachelor's degree requiredAdvanced Degree preferredExperience Required:5-8 years of Finance industry experience in Compliance, with experience at a global asset management firm a plusUnderstanding of control frameworks and risk assessment analysisExperienced 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 preferredExperience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting firm, compliance consulting firm, or regulator preferredGeneral Requirements:Detail-oriented, robust analytical, investigative and problem-solving skills.Strong interpersonal, communication, and organizational skills, with the ability to manage upFlexible 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 zonesProficient in Excel, PowerPoint, MS Access, and other MS Office applicationsReporting RelationshipsVice President, Investment Adviser ComplianceCompensationThe anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.$135,000-$175,000The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.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.