Compliance Officer / Managing Counsel

Law and Compliance Prosper, Texas New York, New York


Description

Position at Group One Thousand One Advisory Services

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Compliance Officer / Managing Counsel

Location – Prosper, Texas or New York, New York

Company Overview

Group One Thousand One Advisory Services is an emerging independent investment manager with over $1 billion and growing assets under management.  The company is managing investments exclusively on behalf of insurance clients across a variety of primarily credit related asset classes including public and private corporate debt, structured credit, specialty finance, residential and commercial mortgages, preferred and private equity.

Job Summary

The Compliance Officer / Managing Counsel will be responsible for the legal matters of Advisory Services.  This critical role focuses upon both all legal issues related to the Investment Advisers Act of 1940 (“Act”), and all legal issues affecting and impacting an investment advisor serving a defined market. The position will report to the Chief Legal Officer, Group 1001, with assigned duties to the Chief Investment Officer (“CIO”), Advisory Services.

You must be fundamentally strong, inquisitive, have an ability to adapt, thrive in a collaborative environment, and have sound judgment. 

Main Accountabilities

Compliance

  • Development, design, and implementation of compliance policies and procedures, consistent with law (federal and state-specific) and the Act, in close collaboration with the business team.
  • Identify, monitor, and communicate changes to federal, state, and local laws, and case law for impact to the business team and associated services.
  • Provide solution recommendations when changes in laws or trends affect how the advisory business may be transacted.

Investments

  • Substantial experience with investment advisory services, and the Act.
  • Thorough legal understanding of investments, including fixed income instruments, U.S. government obligations, corporate debt, credit structures, residential mortgage related securities, asset-backed, commercial mortgage-backed securities, and equity instruments.
  • Extensive legal understanding of debt/equity investment ratings, asset valuations, and regulatory requirements applicable to investment portfolios.
  • Capacity and attention to detail in performing and managing due diligence processes.
  • Ability to research, issue-spot, draft, review, and work with outside counsel on issues related to the Act.

Transactional

  • Review, draft, and administer investment management agreements, and other related legal documents in connection with internal as well as external parties.
  • Develop solutions in all phases of transactions, including initial assessments, diligence, negotiation, execution, and integration.

Corporate

  • Corporate governance law including process, policies, and related rules, regulations, and requirements.
  • Ensuring full, proper, and sufficient governance records.

General

  • Stay current on all applicable federal and state laws and regulations by conducting ongoing research and identify and communicate changes as they occur; assess associated legal and business risks and identify risk mitigation options.
  • Prepare and maintain relevant reports, memos, and other records.
  • Identify and problem resolve issues that develop during the course of each acquisition event, transactions, corporate matters, and compliance issues.
  • Communicate regularly with CIO.

Qualifications

  • Admission to a state bar/J. D degree from accredited law school.
  • Finance, economics, or related undergraduate degree, preferred
  • At least 5 years of relevant experience with a law firm or corporation
  • At least 7 years of legal experience.
  • Anticipated travel between 10 to 20%
  • Proficient in (a) Microsoft Office® (incl. Excel, Word, and PowerPoint), Outlook, and Windows Explorer, (b) Internet and web research, and (c) Adobe Acrobat.
  • Proven drafting, strong writing, and analytical skills.
  • Exceptional organizational skills, precise attention to detail, ability to manage multiple priorities and track extensive details / filing histories.
  • Excellent issue-spotting, risk assessment, research, and problem-solving skills; resourceful; and possess the ability to professionally articulate finding and recommendations.
  • Ability and desire to work on numerous projects; and responsive to quick turn-around times.
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