Enterprise Risk and Operations Compliance Director - New York, NY


The Enterprise Risk and Operations Compliance Director will develop an Enterprise Risk Management framework and establish processes and procedures to maintain a strong compliance framework for Enterprise risk. This position also involves planning, organization and execution of accounting and reporting standards for the GEN II client service teams. The role will also be heavily involved with evaluating and identifying best practices for the day-to-day client service operational, accounting and client reporting activities.
 
The position will work with the various department heads to remediate issues identified through testing. The successful candidate will have experience providing direction and oversight to staff across a broad range of disciplines and be able to help guide client service team professionals in the assessment of control deficiencies root cause analysis when incidents occur and assist in developing effective remediation plans.The individual must be able to provide compliance guidance that balances European and US state and federal regulatory requirements, risk mitigation and business objectives.
 
Primary Responsibilities Will Include:
Enterprise Risk Management:
  • Oversee risk management within GEN II and ensure compliance with laws, regulatory requirements, policies and procedures both globally and in the US
  • Alert management to current regulatory issues, risks, and deadlines
  • Conduct risk assessments and internal reviews for the Firm's activities and test the effectiveness of policies and procedures
  • Define the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization
  • Design, implement, and monitoring the implementation of the compliance program. Provide guidance, advice, and/or training and educational programs, to improve staff understanding of related laws and regulatory requirements
  • Provide strategic direction to the senior executive team on global and US regulatory requirements, policy, and relevant jurisdiction laws
  • Periodically revise programs and plans in light of changes to regulatory or other influences
  • Interact with regulators to ensure GEN II remains compliant
  • Develop and maintain GEN II policy, code of conduct and compliance manuals
  • Coordinate internal compliance review and monitoring activities, including periodic reviews of departments or teams
  • Evaluate and implement latest technology solutions for compliance related surveillance
  • Prepare and present clear and concise risk reports to the leadership team
  • Facilitate annual regulatory risk assessment and provide senior management with recommendations to mitigate risk based on results
Operations Compliance:
  • Establish accounting and reporting standards and implement standardized procedures and processes across all client service teams where appropriate
  • Implement an accounting and reporting standards compliance program throughout the client service model that is effective and efficient in identifying, preventing, detecting and correcting noncompliance with GEN II policy, applicable laws and regulations
  • Develop a systematic review of critical path workflows and continually improve processes and procedures that reflect the organization's unique characteristics, including periodic review of system adoption and utilization criteria
  • Perform daily, weekly, monthly and quarterly operational compliance reviews
  • Coordinate efforts and respond to applicable audits, reviews, and/or examinations
  • Develop policies and programs for all aspects of Gen II operations that encourage managers and employees to conduct themselves in a professional, disciplined and conscientious manner
  • Assist as required with Quality Control peak review periods
  • Ensure compliance with annual calendar for regulatory deadlines, filings, audits, internal reviews, etc.
  • Maintain Business Continuity documents and coordinate periodic scenario and system testing
  • Track and provide recommendations for remediation of identified exceptions or deficiencies in financial reporting preparation, and collaborate with the client service teams to follow up on timely remediation
  • Improve the efficiency of the Firm’s operating systems between all office locations
  • Partner and work closely with the Head of QC and the Chief Operations Officer to shape the Risk, Compliance, and Policy program
  • Maintain regular interaction with various Gen II functions (Finance, External counsel, Technology, Client Service Teams, Business Development, Marketing, and Human Resources) on Compliance related activities
Job Requirements, Skills, Education and Experience:
  • Excellent leadership skills with ability and desire to mentor/develop staff
  • Ability to establish/maintain effective working relationships with executives/colleagues, internal/external contacts
  • Excellent knowledge of compliance requirements/regulations impacting investment / financial services industry
  • Strong critical thinking/analysis skills with ability to provide alternative approaches/solution
  • 5-7 years supervisory experience and 10-12 years compliance and risk management experience desired
  • Pragmatic approach to providing compliance solutions and related risk assessments
  • Exceptional communication (verbal/written), presentation and interpersonal skills. Experienced working with remote teams
  • Proven experience implementing and maintaining efficient procedures and creating a compliance culture with multi-location compliance functions
  • High sense of responsibility and integrity
  • Desire to continuously learn in a team environment from all levels of the company
  • Demonstrable industry network of compliance professionals
  • Europe (GDPR) compliance experience a plus
  • Strong technical aptitude / ability to query data
  • Bachelor’s Degree required
  • Certifications – Certified Enterprise Risk Professional CERP, a plus
  • Technical Skills – Highly proficient with Microsoft products
  • Position will be located in New York City
About The Company:
Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $300 billion of private capital on behalf of its clients with offices in New York, San Francisco, Boston, Stamford, Dallas, and Luxembourg. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to most effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
 
Key Facts:
  • Administering over $300B in assets
  • Servicing nearly every significant investor in the asset class
  • Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
  • The most experienced and best performing team in the industry 
 
All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States.

To Apply, CLICK HERE