Compliance Associate

Company: Carmel Partners, Inc.
Location: San Francisco
Posted on: November 6, 2024

Job Description:

San Francisco Corp 1000 Sansome Street First Floor San Francisco, CA 94111, USA Carmel Partners, one of the nation's leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking a Compliance Associate in our San Francisco Corporate Office.The Compliance Associate is responsible for assisting the VP of Compliance in executing all compliance functions for the firm. Additionally, the Associate will assist the General Counsel and legal staff with various legal and administrative tasks. This role involves close collaboration with the compliance and legal teams, as well as other departments within the organization. The Associate is expected to effectively communicate findings and recommendations to stakeholders and contribute to a variety of projects.What you'll doCompliance Functions:

• Assist in maintaining 206(4)-7 compliance program designed to prevent violations of relevant securities regulations while also monitoring various other non-SEC compliance and legal risk areas.
• Maintain and revise compliance policies and procedures manuals to adhere to applicable state, federal and self-regulatory organization laws, rules, and regulations.
• Coordinate responses to annual and other compliance reviews, manage general correspondences and updates, etc.
• Understand and effectively communicate key requirements of firm policies and regulatory requirements. Translate this knowledge into action plans and recommendations as appropriate to address risks.
• Conduct forensic testing and annual reviews related to the adherence of routine duties in:
  • Marketing Materials Review, Email Monitoring, Anti-Money Laundering, Suitability, Disaster Recovery, Insider Trading, Ethics, Privacy, Valuation, Best Execution, Contributions, and all other risk areas as contemplated under the Firm's policies and procedures.
  • Prepare annual written reports documenting summaries of review results and material compliance matters for senior management.
  • Manage the firm's vendor due diligence process (onboarding, ongoing monitoring, etc.)
  • Research industry regulatory changes and summarize updates to ensure compliance.
  • Ensure employee adherence to compliance policies and regulations.
  • Assist with Firm regulatory examination pre-work.
  • Assist with collection and monitoring of Code of Ethics documentation including:
    • Manage restricted lists, preclearance request approvals, vigilance regarding trading patterns and review of personal trading.
    • Outside business activity documentation and disclosure; including Gift disclosures.
    • State/Local/Federal political contributions.
    • All other identified conflicts of interest.
    • Facilitate compliance onboarding training for new employees and ongoing training for all employees, including development of materials for such trainings.
    • Create and implement best practices checklists and monthly/quarterly/annual compliance task and compliance documentation checklists.
    • Complete ad hoc projects as requested by the compliance team.Legal and Administrative Functions
      • Business licenses renewal (familiarity with CT or CSC a plus). Prepare and file formation documents for various business entities, including qualifications, amendments, dissolutions etc.
      • Maintain the firm's records for financings, acquisitions, and funds, ensuring that all deal and fund-related documentation has been received and stored in the correct folder(s). This includes staying on top of outstanding requests, following up with external counsel, properties, etc.
      • Assist with drafting closing documents and signature packages.
      • Assist with filings of investment adviser registration statements on Form ADV and other SEC related filings.
      • Project manage and serve as primary point of contact for compliance and legal projects.What you'll bring
        • Bachelor's degree or better in finance, accounting, legal or related field.
        • 3-4 years of experience employed by a financial services firm or consulted in a compliance role at an SEC registered investment adviser.
        • Minimum 1 year experience of monitoring employee reporting and compliance with Code of Ethics policies using a compliance software tool such as MyComplianceOffice, ComplySci or similar electronic compliance reporting system
        • Must have strong proficiency with Microsoft applications (Word, Excel, PowerPoint), and other applicable accounting software.
        • A demonstrated track record of successfully building and managing processes.
        • Superior organization, presentation, and project management skills.
        • Previous experience with SEC filings and regulations for Registered Investment Advisors preferred.
        • Solutions oriented, who can communicate and problem-solve effectively.
        • The ability to thrive in a dynamic and fast-paced environment.
        • Must be a team player with a commitment to excellence and a high level of integrity.Compensation and BenefitsCompensation and Benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You'll find a competitive compensation and comprehensive benefits package at Carmel.Base compensation range $125,000 to $135,000. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant's sex or other status protected by local, state, or federal law.Choose CarmelAt Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.
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Keywords: Carmel Partners, Inc., San Francisco , Compliance Associate, Other , San Francisco, California