Compliance Officer, Associate or Vice President
: Job Details :

Compliance Officer, Associate or Vice President

New York

Corporate Group

Ref #

3441

Date published

13-Nov-2024

Compliance Officer, Associate or Vice President

New York, NY

About Fortress

Fortress Investment Group LLC is a leading global investment manager with approximately US$48 billion of assets under management as of June 30, 2024. Founded in 1998, Fortress manages assets on behalf of over 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity, permanent capital, and multi-manager investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.

About the position

Fortress is seeking an experienced Compliance Officer to join the Fortress Legal and Compliance Department. Fortress is a SEC-registered investment adviser (operating in multiple foreign jurisdictions) with approximately $48 billion in assets under management. The position will be based in NYC.

The successful candidate will work with members of the Legal and Compliance Department and other departments and businesses around the firm on, among other things, the following major items:

* As a member of the compliance team, assist in the management of the 206(4)-7 and 38a-1 compliance programs, including oversight of the Investment compliance testing and monitoring program for Fortress's registered Business Development Company (BDC).

* Maintain and demonstrate a thorough understanding of the regulations applicable to investment-related activities and stay abreast of regulatory developments and industry best practices.

* Assist in the portfolio compliance monitoring program. Manage the review of investment guideline warnings, related to exemptive relief and affiliated transactions and alerts and any matters for escalation.

* Assist in the preparation of compliance specific board and oversight committee materials, including the production of BDC board materials, and other reporting as needed.

* Assist in the oversight and management of the restricted list for the BDC.

* Assist with due diligence of service providers, including sub-adviser, fund administrator, transfer agent, and distributor due diligence visits and questionnaires.

* Implement and enforce effective compliance policies and procedures in accordance with applicable laws and regulations.

* Assist with Form ADV updates.

* Perform other Investment compliance related duties, as assigned.

Qualifications

* Bachelor's degree with strong academic performance.

* 5-8 years of experience in compliance in a legal and compliance department at a SEC-registered investment adviser or registered investment company, with exposure to BDCs or similar registered entities.

* Knowledge of SEC regulations and compliance best practices pertinent to BDCs or relevant 40 Act compliance experience.

* Superior work ethic, attention to detail, organizational and communications skills.

* Serious desire to learn, grow and develop as a professional.

* A proven ability to multi-task, problem solve and think critically.

The base salary range for this position is expected to be between $125,000 and $175,000.

The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.

Maximum Salary

175,000

Minimum Salary

125,000