Vice President, Regulatory Compliance

Ares Wealth Management Solutions

  • London
  • Permanent
  • Full-time
  • 1 month ago
Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.Job DescriptionCompliance Overview:The Ares Compliance Department oversees and manages Ares’ global regulatory compliance and ethics program. Under the leadership of the Global Chief Compliance Officer, the Compliance Department is comprised of functionally aligned teams that operate collaboratively based on the Firm’s overall structure and include the following:
  • Investment Advisory, which oversees implementation of the Advisers Act, regulatory reporting, and administers the Code;
  • Control Room, Conflicts and Trading, which oversees the regulations and guidelines applicable to trade surveillance, the handling of Material Non-Public Information, and conflicts;
  • Marketing and Distribution, focusing on global marketing regulations as well as compliance for Ares’ registered broker-dealers;
  • Regulated Funds, which oversees the compliance for advised and sub-advised registered funds and public companies;
  • Financial Crime Prevention, which develops and administers Ares’ global program for anti-money laundering and counter-terrorism financing, economic sanctions, and anti-corruption (together, the “FCP Program”); and
  • European and Asia Pacific compliance, which oversees region-specific compliance programs and regulatory matters.
  • Climate and Sustainability Compliance, which supports the interpretation and implementation of global ESG-related regulations
Role Summary:Ares is seeking a Vice President to join the Compliance team of Ares Management Limited, which is authorized and regulated by the Financial Conduct Authority (“FCA”). This position will be primarily responsible for the assessment of new rules and regulations applicable to Ares and designing implementation plans for such rules and regulations, assisting with the maintenance of the Firm’s ESG Compliance programme, coordinating the various compliance requirements of Ares’ UK operations including but not limited to completion of compliance monitoring, co-ordination of compliance training programmes, regulatory reporting, board pack preparation, policy and procedure drafting, and assistance with administering Ares’ adherence to the Senior Manager and Certification Regime.This role requires a motivated, agile, and adaptable compliance professional with a results-oriented approach to resolving various compliance issues and achieving multiple objectives in a fast paced, rapidly growing environment.Primary Functions and Responsibilities:Specific responsibilities include, but are not limited to the following:
  • Co-ordinate and perform day-to-day tasks of the Compliance Team to ensure the timely, accurate and consistent execution of the firm’s compliance obligations including:
  • evaluation of new rules and regulations applicable to Ares, and working closely with other members of the Legal & Compliance team to determine the impact of such rules and the approach that should be adopted;
  • Assisting with the implementation and maintenance of the Firm’s ESG Compliance programme;
  • completion of the compliance monitoring programme;
  • monitor, interpret and assess new and emerging regulations;
  • regulatory reporting;
  • board pack preparation;
  • co-ordination of compliance training programmes;
  • providing local assistance to the global Code of Ethics team; and
  • assistance with administering Ares’ adherence to the Senior Manager and Certification Regime;
  • Assessment of the appropriateness of internal policies, procedures and guidelines, ensure follow-up of any identified deficiencies, make recommendations for amendments, and supervise the implementation of corrective measures to mitigate any identified risks or deficiencies;
  • Centralisation of information on compliance-related matters;
  • Lead the creation and delivery of training materials to European staff members;
  • Utilize compliance system technology to leverage information sharing and efficiency of collaboration;
  • Collaborate effectively with senior management, investment teams, Legal, Human Resources, Finance & Accounting, and other team members;
  • Supervision of appropriate compliance checks and controls, and maintaining documentation relating to those checks and controls;
  • Establishment and management of an issue escalation process which keeps firm management informed of incidents presenting material compliance and/or reputational risk;
  • Maintaining and demonstrating a thorough understanding of the regulations applicable to investment related activities and staying abreast of legal and regulatory developments;
  • Identification of potential areas of vulnerability and risk while developing controls to mitigate risks;
  • Development, maintenance and broadening of effective working relationships across the organization and within the Compliance Department; and
  • Active participation in compliance program initiatives and projects that may go beyond core responsibilities.
Education:
  • Bachelor’s Degree required
  • Advanced Degree or Certification considered a plus
Experience Required:
  • 10+ years of Finance industry experience in Compliance, preferably within the Alternatives segment;
  • Knowledge of global asset management legal and regulatory compliance, and industry policy best practices;
  • Familiarity with reviews and interpretation of regulations;
  • Ability to coordinate and present to all levels (from new hire training to C-level and board presentations); and
  • Familiarity with compliance technology.
General Requirements:
  • Strong sense of ownership and accountability; diligent work ethic
  • Ability to manage team while also having own responsibilities for handling complex and other daily matters
  • High accuracy and extremely detail-oriented
  • Ability to multi-task and prioritize deadlines; results-oriented
  • Effective communication skills and excellent client-service orientation; responsive and dependable
  • Ability to proactively identify and logically analyze problem situations to develop an effective course of action for resolution
  • Exceptional organizational skills
  • Adept at working independently within a fast-paced environment
  • Ability to be flexible in terms of hours in order to coordinate with team members across time zones
  • Comfort in dealing with ambiguity and uncertainty in a dynamic environment
  • A desire to drive outcomes and a passion for building efficient process and procedures to support the scaling of a growing business
  • An analytical mind and a strong interest in bringing new ideas to increase efficiency of existing processes
  • Dependable, highly motivated team player; fosters team collaboration
  • Ability to handle confidential information appropriately
Reporting Relationships Head of European ComplianceThere is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.

Ares Wealth Management Solutions