2024 The Riverside Company- Associate, Compliance

As a Compliance Associate at The Riverside Company, you'll assist in maintaining compliance with regulations, monitor compliance processes, conduct reviews, manage compliance reports, and prepare various regulatory filings. This role is critical, ensuring that the firm adheres to the Investment Advisors Act of 1940 and other regulations. You'll work closely with the General Counsel and collaborate with teams company-wide.

To qualify as a Compliance Associate at The Riverside Company, you need a bachelor's degree and 2-4 years of compliance or related work experience, particularly in investment management. Strong interpersonal skills, attention to detail, and proficiency in Microsoft Office, especially Excel, are essential for success in this role.

You can apply for the Compliance Associate position at The Riverside Company by visiting their careers page where you can submit your resume and cover letter. Ensure your application highlights your relevant experience and skills that align with the job responsibilities outlined in the posting.

The Compliance Associate position at The Riverside Company requires a minimum of three days in-office presence at either the New York or Cleveland location. This allows for collaborative participation and bond-building within the team, crucial for regulatory discussions and compliance training.

As a Compliance Associate at The Riverside Company, you have the potential for significant career growth. The position is designed to evolve with experience, allowing for the development of new compliance policies, risk management frameworks, and opportunities for training and mentoring less experienced colleagues.

The salary range for a Compliance Associate at The Riverside Company is between $100,000 and $110,000, based on experience, along with annual bonuses and a competitive benefits package. This compensation reflects the vital role this position plays in ensuring the company's compliance with regulations.

A typical day for a Compliance Associate at The Riverside Company involves monitoring and testing compliance policies, preparing reports, liaising with various teams, and conducting training sessions. Each day presents unique challenges and the opportunity to engage with multiple departments within the firm.

When answering this question, share specific examples of compliance regulations you've worked with, such as the Investment Advisors Act of 1940. Discuss how you've implemented compliance policies or resolved issues stemming from regulatory requirements.

Demonstrate your organizational skills by explaining how you assess task urgency and complexity. You can reference tools like compliance calendars or digital task lists that help you manage deadlines effectively.

Emphasize your commitment to integrity and discretion when handling confidential information. Discuss any specific protocols or strategies you’ve used to safeguard sensitive data within the compliance framework.

When answering, highlight your preparation process: researching the subject matter, gathering materials, and tailoring content to your audience’s needs. Share any experience you have in conducting sessions and the feedback you received.

Use the STAR method—Situation, Task, Action, Results—to explain a situation where you identified a compliance risk. Detail the actions you took to address it and the positive outcome that resulted from your intervention.

List the compliance software tools you have used, such as compliance management systems, risk assessment tools, or regulatory filing programs. Describe how you utilized these tools to enhance compliance processes in your previous roles.

Discuss various ways you keep abreast of changes in compliance regulations, such as attending webinars, subscribing to industry newsletters, or participating in professional associations. Highlight your proactive approach to ongoing education.

Share your perspective on current compliance challenges, such as regulatory changes or the impacts of technology. Suggest potential strategies for overcoming these challenges while maintaining a strong compliance culture.

Explain your methodical approach to addressing compliance breaches. Discuss how you investigate the situation, collaborate with stakeholders, ensure accountability, and implement corrective actions to prevent recurrence.

Articulate your enthusiasm for the role by connecting Riverside's values to your professional goals. Mention their commitment to diversity and growth and how you believe your skills in compliance can contribute to their mission.