1st Vice President, Compliance (OFS)
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
2 hours ago
Vacancies:
1 Vacancy
Job Summary
ABOUT CIM GROUP:
CIM is a community-focused real estate and infrastructure owner operator lender and developer. Our team of experts works together to identify and create value in real assets benefiting the communities in which we invest. Back in 1994 our three founders focused on projects in Southern California neighborhoods. Today we are a diverse team of 900 employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live work and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering and we strive to make an even greater impact in the years to come. Join us and make an impact today!
POSITION PURPOSE:
The 1st Vice President Compliance for CIM is responsible for supporting the CCO of CIM and a CIM affiliate OFS Management (OFS) in ensuring that OFS maintains a compliance program reasonably designed to comply with applicable federal state and local laws rules and regulations. The 1st VP Compliance is responsible for the day-to-day management of the OFS compliance program including oversight of a team of two compliance professionals. The 1st VP Compliance assists the CCO of OFS-managed registered investment companies in maintaining their compliance programs including their 38a-1 manuals and reports to the relevant boards with the expectation that the 1st VP Compliance assumes the role of CCO of at least one of the investment companies. The 1st VP Compliance is also committed to the highest ethical standards and constant reinforcement of CIMs and OFS uncompromising culture of compliance.
RESPONSIBILITIES:
- Investment Compliance. Conducting compliance oversight of credit investment activities and providing guidance regarding applicable policies procedures and laws including the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
- Risk Assessment and Testing. Directing and/or participating in regular risk assessments and testing of the activities and operations of OFS and its managed investment companies.
- Compliance Policies. Promulgating and administering compliance policies including drafting new and updating existing policies and addressing associated staff inquiries.
- Code of Ethics. Reviewing Code of Ethics-related disclosures and pre-clearance requests.
- Training. Providing compliance-related training for all levels of employees appropriate to their respective roles and responsibilities.
- Marketing and Advertising Review. Reviewing marketing and advertising materials including flipbooks and Due Diligence Questionnaires to ensure compliance with applicable rules and regulations.
- Regulatory Filings and Exams. Making required filings under the Investment Advisers Act and coordinating responses to regulatory exams and information requests.
- Board Reporting. Assisting the CCO with quarterly and annual reporting to the boards of firm-managed registered investment companies.
- Regulatory requests/exams. Supporting the CCO in successfully managing all periodic and any special regulatory examinations of OFS and registered investment companies.
SUPERVISORY RESPONSIBILITIES:
- Manage the OFS Compliance team including but not limited to work assignment performance expectations performance feedback training performance coaching and guidance.
- Serve as team lead on inter-departmental compliance-related projects.
EDUCATION/EXPERIENCE REQUIREMENTS:
- 10 years experience as a compliance professional at an SEC-registered investment manager and/or staff member at the Securities and Exchange Commission.
- 3 years experience in investment company compliance.
- Credit investment (e.g. CLOs BSLs CMBS direct lending) experience.
- Trade compliance experience a plus.
ABOUT YOU:
- Working knowledge of Investment Advisers Act of 1940 and Investment Company Act of 1940.
- Professional and effective communicator.
- Ability to read analyze and interpret complex agreements.
- Adept at conflicts identification assessment and resolution.
- Proficiency in policy development and drafting.
- Detail-oriented with the ability to multitask.
- Excellent organizational and project management skills.
WHAT CIM OFFERS:
At CIM we believe our success stems from our collective efforts and we are committed to providing well-rounded support and resources for our addition to a competitive compensation plan CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits including:
A variety of Medical dental and vision benefit plans
Health Savings Account with a generous employer contribution
Company paid life and disability insurance
401(k) savings plan with company match
Comprehensive paid time off including: vacation days 10 designated holidays sick time and bereavement leave
Up to 16 hours of volunteer time off
Up to 16 weeks of Paid Parental Leave
Ongoing professional development programs
Wellness program including monthly and quarterly prizes
And more!
Actual base salary considers several factors including but not limited to geography job-related knowledge experience and budget. The start of the salary range is typically associated with the minimum experience required. At CIM base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary.
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HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:
At CIM Group we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.
*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group.Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.
CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates please contact a member of the CIM Talent Acquisition Team.
Required Experience:
Exec
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
CIM Group is an owner, operator, lender and developer of real assets with broad expertise in real estate, infrastructure and credit. Learn More!
