Sr. Compliance Associate - Asset Management

Location Designation: Hybrid 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

New York Life Insurance Company is seeking a Compliance Officer for Apogem Capital LLC (“Apogem”), a wholly owned subsidiary. Apogem is an alternatives asset management firm with approximately $39 billion in AUM focused on investments primarily in private equity and private credit with offices in New York, NY, Chicago, IL and Richmond, VA.

This position reports into the Chief Compliance Officer of Apogem within our Corporate Compliance Department and will be located in New York City. The Compliance Officer will be responsible for supporting the development and execution of Apogem’s compliance program. The Compliance Officer will support the Chief Compliance Officer and other senior members of the Compliance team and will have regular interaction with legal, investment management, business development/investor relations and operations personnel. The duties listed below are representative of the types of responsibilities the Compliance Officer may handle but are not intended to be an exhaustive list.

Duties and Responsibilities:

• Maintain the compliance team’s matrix of responsibilities/“to do’s”/calendar/schedule
• Assist with performing Rule 206(4)-7 reviews, ongoing testing and completion of the written reports, including the reports to the compliance committee
• Manage the new employee onboarding process for the Compliance team
• Coordinate and complete periodic policies and procedures/code of ethics updates
• Monitor SEC regulatory alerts, and industry publications; find applicability to Apogem; share/report findings with compliance team colleagues at periodic team meetings
• Reconcile the compliance team’s record/files/drives in order to maximize team efficiency and satisfy recordkeeping rules and regulations
• Assist with, or be trained to assist with, the review of marketing materials and advertisements to ensure they meet regulatory and New York Life Investments compliance standards
• Perform reviews of Apogem employee Gifts & Entertainment log
• Maintain Apogem’s Restricted List
• Monitor Investment Committee calls, expert network calls, and other various internal calls/meetings
• Coordinate with Investor Relations team with respect to prospective LP data room approvals
• Perform investor related initial and ongoing anti-money laundering reviews/checks; research and apply different jurisdictional AML requirements.
• Coordinate and conduct electronic communications review and report findings to the compliance team
• Coordinate with regulatory service providers on Blue Sky and Form D filings
• Coordinate, or be trained to coordinate, international fund registrations and quarterly filings
• Prepare and submit reports and information requests from NYLIFE Distributors and coordinate with them on other requirements and deliverables
• Prepare and submit, or be trained to prepare and submit, reports to New York Life, and external regulators such as the Securities and Exchange Commission (Form ADV).
• Liaison with NYL Investments personal trading team with respect to outstanding items; consult with Apogem’s CCO or designee in order to find potential violations
• Liaison with Apogem’s third-party service providers on Cayman Islands regulations and requirements
• Preparation and updating of employee training materials; conduct periodic training
• Keep minutes for various meetings (Compliance Committee, DL Valuation Committee)
• Perform other tasks and responsibilities at the discretion of the Chief Compliance Officer

Qualifications and Experience

• Minimum of 4-7 years’ experience in the investment management industry. Focus on investment advisory matters related to private equity and private credit funds preferred.
• The candidate should have experience supporting a compliance function for a registered investment adviser. The individual should also have proven ability support and implement compliance solutions that are pragmatic, effective and forward looking.
• The candidate will be able to navigate various organizational cultures and work successfully with a diverse set of individuals and constituencies. The individual must be well versed on the regulatory requirements that impact the Firm’s business or study/learn them in short order. The individual should be able to interpret regulatory changes and information and their relevance to the business.
• Significant level of business judgment; the ability to integrate business issues and to support the Compliance team partnership with business leaders as well as with other key functional areas such as Accounting, Legal, Investment Operations, etc.
• Undeniable knowledge of U.S. securities laws, particularly the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934 and other SEC and FINRA regulations and/or the ability to quickly learn/get up to speed regarding the above.
• Direct experience in supporting the Chief Compliance Officer with regulatory dialogues, coordinating regulatory examinations, and responding to regulatory inquiries.
• Ability to deal effectively with investment personnel and to understand a variety of investment products in due course.
• Working knowledge of EU regulations such as MiFID and AIFMD, are a plus.
• Bachelor’s degree; JD or other advanced degree a plus.
• Willing to periodically travel.

Characteristics and Attributes:

• High level of integrity and professionalism.
• Exceptional judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek advice and when to act independently after initial consultation with the Chief Compliance Officer and senior members of the Compliance team
• Strong work ethic, team player and “can do” attitude
• Ability to collaborate and achieve common team goals
• Ability to tailor compliance solutions to business conditions.
• Detail-oriented, organized, highly proficient individual to work in a fast-paced, deadline driven environment, and able to contribute to solving complex problems in a collaborative manner.
• Strong verbal and written communication skills.
• Proficient in Microsoft Word, Excel, PowerPoint, and Outlook.

Salary range: $90,000-$135,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 89721