Senior Compliance Associate, Control Room/Alternatives

Category
Corporate Services
City
Jersey City

The Role

About Lord Abbett:

 

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.

 

From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.

 

We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.

 
Now that you know our history, are you ready to be part of our future?

 

Job Overview:

The Alternatives/Control Room Compliance Associate is responsible for assisting with the alternative business compliance program and ensuring the firm’s control room function adequately addressing the handling of confidential or non-public information and related conflicts.  The role will also review and update policies and procedures and help support other investment and trading related initiatives from a compliance perspective.

We’ll trust you to:

  • Contribute to the development of compliance related oversight and procedures associated with the firm’s growing alternatives business.
  • Manage the firm’s Restricted and Watch lists inclusive of applying the appropriate trading restrictions within the firm’s various order management and personal trading systems.
  • Conduct chaperoning and monitoring of communications (electronic, voice and/or in person) in accordance with relevant firm policies.
  • Perform initial transaction conflict checks to identify any potential conflicts of interest between the firm’s alternative and traditional businesses.
  • Provide advice to business partners regarding alternative products, including the development and delivery of compliance training.
  • Assist with the ongoing monitoring of Code of Ethics related activities including personal trading.
  • Work with senior members of various functional areas to address regulatory change management pertaining to the alternatives business.
  • Assist with other day-to-day compliance tasks carried out by the investment compliance team

You'll need to have:

  • A Bachelor's degree in finance, economics, business or a related field
  • 5-10 years of experience in asset management compliance or a related field
  • Strong understanding of investment regulations, conflict identification and management
  • Knowledge of alternative products (e.g. private credit) and their various wrappers including private funds, BDCs, and CLO/CBOs
  • Excellent analytical and problem-solving skills
  • Excellent communication and interpersonal skills
  • Proficiency in Microsoft Excel and other relevant software programs

Why Lord Abbett?

Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.

  • Principles-Led - We empower our leaders to create an environment of trust.
  • Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
  • Purpose-Driven - Embraces our mission: Securing a sustainable future for our clients, people, and world.

We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.  

 

Compensation Information: Annual base salary for this role is $150,000 - $200,000. Salary is estimated for this role. Actual pay may be different.

Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance. 

Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett

 

Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.

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