Senior Associate, Compliance

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

Summary:

Ares is seeking an experienced Senior Associate to join Regulatory Compliance within the Compliance team of Ares Management Luxembourg, which is an AIFM authorized and regulated by the CSSF with a  number of EU branches.  As a member of the Ares Global Compliance Team, this position will be primarily responsible for overseeing the various compliance requirements of Ares’ EU operations including but not limited to conflicts management, completion of the compliance monitoring programme, regulatory reporting, board pack preparation, regulatory watch and assistance with administering Ares’ adherence to the CSSF Circular 18/698. This role requires a motivated, agile, and adaptable compliance professional with a results-oriented approach to resolving various compliance issues and achieving multiple objectives in a fast paced, rapidly growing environment.

Ares is a flat, flexible, and dynamic organization. The firm fosters a culture of collaboration, entrepreneurialism, integrity and partnership, both internally amongst colleagues and externally amongst clients and other stakeholders. The Ares team operates with a growth mindset, communicates transparently, and cultivates a high-performance and results-oriented environment.

The Ares Compliance Department oversees and manages Ares’ global regulatory compliance and ethics program. Under the leadership of the Global Chief Compliance Officer, the Compliance Department is comprised of functionally and business-aligned teams that operate collaboratively based on the Firm’s overall structure.

Primary Functions and Essential Responsibilities:

• Perform day-to-day tasks of the Compliance Team to ensure the timely, accurate and consistent execution of the firm’s compliance obligations including conflicts management, completion of the compliance monitoring programme, regulatory reporting, and assistance with administering Ares Management Luxembourg’s adherence to the CSSF Circular 18/698;
• Development, maintenance and broadening of effective working relationships, across the organization, including senior management and within the Compliance Department as well as promoting a strong compliance culture;
• Assessment of the appropriateness of internal policies, procedures and guidelines, ensure follow-up of any identified deficiencies, make recommendations for amendments, and supervise the implementation of corrective measures to mitigate any identified risks or deficiencies;
• Regular monitoring of adherence to compliance policies, procedures and instructions by performing regular and comprehensive compliance checks and controls as well as risk assessments, and preparing reports for senior management;
• Identification of potential areas of vulnerability and risk while developing controls to mitigate risks;
• Centralisation of information on compliance-related matters;
• Assist in the creation and delivery of training materials to European staff members;
• Utilize compliance system technology to leverage information sharing and efficiency of collaboration;
• Preparation of periodic reports and notification to regulatory authorities;
• Maintaining and demonstrating a thorough understanding of the regulations applicable to investment related activities, relevant to Ares and its business, and staying abreast of legal and regulatory developments;
• Active participation in compliance program initiatives and projects that may go beyond core responsibilities.

Education:

• Bachelor’s Degree required
• Advanced Degree or Certification considered a plus

Experience Required:  

• 5+ years of solid finance industry experience in Regulatory Compliance, preferably within the Alternatives segment;
• Knowledge of global asset management legal and regulatory compliance, and industry policy best practices;
• Knowledge of complex corporate entity and investment fund types, and the formation, constitutional, management/control and ownership documents of each and the information contained within them;
• Familiarity with reviews and interpretation of regulations;
• Ability to coordinate and present to all levels (from new hire training to senior management and board presentations); and
• Familiarity with compliance technology.
• undefined

General Requirements:

• Dependable, great attitude, highly motivated team player;
• Nimble business mind with a focus on developing creative solutions;
• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision;
• Strong level of communication in English (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus;
• Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills;
• High accuracy and detail orientation; confident decision-making skills;
• Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format; a keen eye for attention to detail;
• Good judgment in terms of escalating issues vs. solving problems independently;
• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes;
• Ability to be flexible in terms of hours to coordinate with team members across various time zones;
• Awareness of special needs relating to the recognition and resolution of business conflicts within the investment field;
• Must possess strong integrity and professionalism, and an ability to handle confidential information appropriately; and
• Flexibility regarding role profile and willingness to take on new projects and learn new skills, e.g. ability to assist members of the Financial Crime Prevention team if needed.

Reporting Relationships

Principal, Compliance Conducting Officer, Luxembourg

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.