Job Title: Compliance Associate
Reporting to: VP, Compliance Manager
Location: NYC
Job Description:
Alger seeks a highly motivated and organized individual to serve as Compliance Associate (CA). The CA will assist and support members of the Compliance Department, including the Compliance Manager and Chief Compliance Officer. This is a generalist role.
Duties & Responsibilities:
- Aids Compliance Department and Alger on various compliance matters
- Knowledge of Investment Advisers Act of 1940 and Investment Company Act of 1940
- Knowledge of FINRA regulations is a plus but not required
- Assist in development, drafting and execution of policies and procedures that are designed to detect and prevent violations of the federal securities laws and mitigate various types of risk, including compliance and operational risk
- Review and analyze reports and business practices against the policies and procedures, under supervision
- Provide guidance to the business on compliance matters, client guideline interpretation and regulatory issues, under supervision
- Under supervision, manages the identification, communication and tracking of regulatory changes and analyze the impact of such changes for Alger
- Under supervision, identifies potential areas of compliance vulnerability and risk and aids in development and implementation of corrective action plans for resolution of such vulnerabilities
- Under supervision, will continuously review current policies, procedures and trade surveillance activities to seek to modify and improve the compliance program
- Assist in administration and reporting on the Code of Ethics and personal trade activities
- Review and file (if applicable) domestic and global marketing materials, client certifications, RFPs and due diligence questionnaires. Assists with the development and implementation of relevant employee training
Qualifications:
- Undergraduate degree required
- Grade Point Average (GPA) of 3.0 or above in a 4.0 scale
- FINRA Series 7 preferred, but not required
- Up to 2 - 5 years of work experience, particularly in the financial services industry preferred
- 1-3 years in investment banking, private equity, equity research or equivalent industry
Compensation: Base salary anticipated to be $125-160k, plus discretionary bonus and outstanding benefits
Working at Alger:
Alger is an entrepreneurial, privately owned firm that encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.
Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for 10, 15+ years.
We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.
We’re focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs.
To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page
HERE.
Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger’s policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law (“Protected Characteristic”). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.
Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.
Fred Alger & Company, LLC is an Equal Opportunity Employer.