Location: Evanston,IL, USA
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.