About MagnetarMagnetar is a leading, global alternative asset manager with over $17.5B AUM as of September 30, 2024. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York, and London.Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.We are purposeful about investing in our employee's health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.Position Overview As a Compliance Officer at Magnetar, the role will be responsible for supporting all aspects of the Compliance Department including surveillance/monitoring, Code of Ethics monitoring, testing, training, and developing compliance policies, procedures and internal controls. This position reports to and works in close coordination with the Chief Compliance Officer.Responsibilities
- Monitor trade execution, best execution, allocation, trade errors, cross trades, and general compliance oversight of the trade execution function
- Responsible for client guideline and restriction monitoring
- Conduct conflict checks, update and maintain the firm's restricted list
- Administer the firm's Code of Ethics, including the personal trading policy, gifts and entertainment, outside business activities, and pay-to-play
- Responsible for verifying the firm's compliance with policies & procedures through testing and surveillance
- Assist with the annual risk assessment and 206(4)-7 annual review
- Work with the team to prepare for regulatory compliance reviews, exams and certifications
- Assist in the preparation of regulatory filings, including responses to regulatory inquiries
- Oversee new hire compliance onboarding
- Assist in the development of compliance training programs, including the on-going development of training materials and conducting training sessions for all new and existing employees
- Assist in the supervision of employee compliance with the firm's policies & procedures and Code of Ethics
- Assist with marketing material reviews and due diligence requests
- Coordinate and oversee ongoing policy review and development
- Extensive oversight of all functions and interaction with all levels of the organization
Qualifications
- Bachelor's degree required
- A successful candidate must have strong experience within a trading environment in the financial services industry, including at least five years directly within the compliance function and must possess a strong knowledge of the registered investment advisor and hedge fund/alternative asset management industry and its practices.
- Experience with trading systems, Bloomberg, MCO or other platforms.
- Securities industry experience, including operations, accounting or internal audit within the compliance function, is a plus.
- Keen eye for identifying compliance risk and ability to escalate appropriately.
- Ability to work independently as well as part of a close-knit team and among various levels of management.
- High attention to detail, strong organizational skills and the ability to excel in a fast-paced work environment.
- Dedicated, pro-active, problem-solving mindset and a can-do attitude.
DisclaimerThe above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.