COMPLIANCE OFFICER, ASSOCIATE OR VICE PRESIDENT

$125,000 - $175,000/Yr

Fortress Investment Group - New York, NY

Full-time - Mid Level

New York, NY

1,001-5,000 employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Fortress Investment Group LLC is seeking an experienced Compliance Officer to join its Legal and Compliance Department in New York City. The role involves managing compliance programs, ensuring adherence to SEC regulations, and collaborating with various departments to maintain compliance standards for the firm's registered Business Development Company (BDC). The successful candidate will play a key role in compliance monitoring, policy implementation, and regulatory reporting, contributing to the firm's commitment to strong risk-adjusted returns for its investors.

Responsibilities

• Assist in the management of the 206(4)-7 and 38a-1 compliance programs.
• Oversee the Investment compliance testing and monitoring program for Fortress's registered Business Development Company (BDC).
• Maintain a thorough understanding of regulations applicable to investment-related activities.
• Assist in the portfolio compliance monitoring program and manage the review of investment guideline warnings.
• Prepare compliance-specific board and oversight committee materials, including BDC board materials.
• Oversee and manage the restricted list for the BDC.
• Conduct due diligence of service providers, including sub-advisers and fund administrators.
• 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.

Requirements

• Bachelor's degree with strong academic performance.
• 5-8 years of experience in compliance at a SEC-registered investment adviser or registered investment company.
• Exposure to BDCs or similar registered entities.
• Knowledge of SEC regulations and compliance best practices pertinent to BDCs.
• Superior work ethic, attention to detail, organizational and communication skills.
• Desire to learn, grow, and develop as a professional.
• Proven ability to multi-task, problem solve, and think critically.

Benefits

• Competitive base salary between $125,000 and $175,000.
• Bonuses, overtime, and deferred cash compensation may apply.
• Comprehensive benefits package including 401(k) contributions.