VP & Chief Compliance Officer - Private Equity / Private Credit

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.

New York Life Insurance Company is seeking a Chief Compliance Officer (“CCO”) for Apogem Capital LLC (“Apogem”), a wholly owned subsidiary.  Apogem is a recently launched alternatives asset management firm with $37 billion in AUM focused on investments primarily in private equity and private credit with offices in New York, NY, Chicago, IL and Richmond, VA. Apogem was formed in April 2022 by the combination of Madison Capital (Chicago), GoldPoint Partners (NYC), and PA Capital (Richmond).

This position reports into the Senior Vice President and Head of Investments Compliance within our Corporate Compliance Department and will be located in New York City.  The CCO will be responsible for developing and executing the Firm’s compliance program. The CCO will have regular interaction with senior management, compliance, legal, investment management and operations personnel, and lead a team of compliance professionals. The duties listed below are representative of the types of responsibilities the CCO may handle but are not intended to be an exhaustive list. 

Responsibilities

• Formulate and communicate a strategic vision for compliance and lead strategic projects and initiatives relating to the compliance function.
• Oversee the implementation and execution of the firm’s day-to-day compliance activities.
• Develop, implement and enforce effective compliance policies and procedures in accordance with applicable laws and regulations.
• Manage, coordinate, and conduct periodic and annual reviews and risk assessments of the Firm’s compliance policies and procedures.
• Coordinate, prepare reports and present at Compliance Committee and Board meetings.
• Lead projects relating to the enhancement of compliance policies and procedures, internal controls, and systems.
• Manage and coordinate all communications with regulatory bodies including preparation of regulatory filings (e.g., Form ADV, Form PF, Section 13 filings, Form D).
• Manage regulatory inquiries and examinations, as necessary.
• Develop and provide training on compliance topics for employees.
• Monitor compliance with the Firm’s policies and procedures, including personal trading, and gifts and entertainment.
• Keep abreast of changes in applicable domestic and foreign regulations and implement appropriate changes to compliance practices and policies.
• Work with affiliated broker-dealer Compliance team to ensure compliance with all applicable FINRA regulations and Broker-Dealer compliance procedures.
• Manage a team of three compliance professionals, support the individuals’ professional development, and mentor staff.
• Interact with the personnel at all levels of the Firm’s various business units (Investment Teams, Operations, Client Services, Finance, etc.) to satisfy day-to-day assignments as well as ad-hoc projects.
• Other duties as required.

Qualifications and Experience

• Minimum of 10-15 years’ experience in the investment management industry with a focus on investment advisory matters related to private equity and private credit funds.

• The ideal candidate will be a highly regarded professional in the compliance community with a reputation for being a player/coach, an effective leader/manager who exemplifies the appropriate “tone from the top.”  The candidate should have significant experience leading a compliance function for a registered investment adviser.  The individual should also have proven ability to develop 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.  The individual should possess a strong network of peers within the industry and be able to interpret regulatory changes and information and their relevance to the business. 
• Excellent business judgment; the ability to integrate business issues and to partner with business leaders as well as with other key functional areas such as Accounting, Legal, Investment Operations, etc.
• Demonstrable 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.
• Direct experience in managing 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.
• 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 travel.

Characteristics and Attributes

• High level of integrity and professionalism.
• Superior judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek independent advice and when to act independently.
• Strong leadership and influencing ability.
• Decisive and mature, with the ability to drive consensus.
• 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 solve complex problems in a collaborative manner.
• Strong verbal and written communication skills.
• Proficient in Microsoft Word, Excel, PowerPoint, and Outlook.

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Salary range: 250,000-300,000 

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: 88642