UBS
Your role
Do you know the Investment Advisers Act, the Investment Company Act, the Commodity Exchange Act and/or the Securities Exchange Act? Are you an expert when it comes to performing second-line-of-defense activities? Do you ‘think on your feet’, balancing commercial objectives with legal, regulatory and ethical considerations? Do you advocate for the importance of operational risks? We’re looking for an outstanding Compliance Officer to support UBS Asset Management’s Credit Investments Group (CIG), one of the five lines of business of UBS Asset Management. CIG manages over $50 billion in assets under management globally and invests in non-investment grade credit strategies, including bank loans, high yield bonds, private credit, rated and equity tranches of collateral loan obligations (CLOs). CIG deploys it strategies across various vehicles including CLOs, separately managed accounts, private funds, mutual funds, and other commingled vehicles.
Responsibilities
act as a C&ORC subject-matter expert for the CIG business, providing independent advice, challenge and control to the business’ compliance risk-taking
assisting in the administration, maintenance and improvement of the compliance policies, procedures and processes of CIG, and connecting them to those of UBS Asset Management and the wider UBS Americas organization
assessing the impact of regulatory developments, supporting regulatory change management efforts, and providing regulatory updates to the business
evaluating trading, information barrier and specialist network requests
influencing investment team members within CIG on key compliance risks and their mitigation
advising CIG on, and evaluating, projects, new initiatives, business objectives, policies, procedures, processes, risk events, controls, and/or compliance testing and monitoring
leading and assisting with the development, maintenance, and delivery of compliance training
periodic reporting and regulatory filings (including Form ADV)
performing the annual 206(4)-7 annual compliance review
contributing to the development, deployment, and enforcement of UBS AM’s Code of Ethics
Qualifications
ideally 5 – 10+ years of experience in asset management compliance experience at a global financial services institution, asset manager, regulatory agency or major consulting firm covering credit funds or alternative investments.
experience with bank loans, private credit, high-yield bonds, and CLOs is strongly desired.
expertise in securities regulation is a must (Investment Advisers Act, the Investment Company Act, the Commodity Exchange Act and/or the Securities Exchange Act), as well as a thorough understanding of the legal and regulatory expectations / requirements related to private funds, SMA’s and registered investment companies. Bank-affiliated asset management expertise is a plus.
knowledge of front to back asset management operating models (operational procedures, investment process, applications used, etc.) is a plus.
bachelor’s degree in a relevant area of study. A graduate degree (e.g., MBA or JD) is a plus.
structured, rigorous, analytical, holistic and thorough in your approach, of sound judgment and common sense, with the ability to form defensible conclusions from risk assessments and the ability to “stand your ground”, where necessary.
excellent interpersonal skills, and crucially, a collegial, friendly team player.
ability to articulate views, assessments and approaches both verbally and in writing precisely, concisely and persuasively.
ability to present to and respond effectively to senior internal and external stakeholders, including regulators.
capacity to calmly manage conflicting priorities and pressure in a demanding, high-paced and high-volume environment.
dedication to fostering an inclusive culture and value diverse perspectives.
Salary
Raleigh, Nashville: the salary range for this role is $120000 to $160000
New York: the salary range for this role is $150000 to $203000
Legal and Inclusion Statements UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.
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Responsibilities
act as a C&ORC subject-matter expert for the CIG business, providing independent advice, challenge and control to the business’ compliance risk-taking
assisting in the administration, maintenance and improvement of the compliance policies, procedures and processes of CIG, and connecting them to those of UBS Asset Management and the wider UBS Americas organization
assessing the impact of regulatory developments, supporting regulatory change management efforts, and providing regulatory updates to the business
evaluating trading, information barrier and specialist network requests
influencing investment team members within CIG on key compliance risks and their mitigation
advising CIG on, and evaluating, projects, new initiatives, business objectives, policies, procedures, processes, risk events, controls, and/or compliance testing and monitoring
leading and assisting with the development, maintenance, and delivery of compliance training
periodic reporting and regulatory filings (including Form ADV)
performing the annual 206(4)-7 annual compliance review
contributing to the development, deployment, and enforcement of UBS AM’s Code of Ethics
Qualifications
ideally 5 – 10+ years of experience in asset management compliance experience at a global financial services institution, asset manager, regulatory agency or major consulting firm covering credit funds or alternative investments.
experience with bank loans, private credit, high-yield bonds, and CLOs is strongly desired.
expertise in securities regulation is a must (Investment Advisers Act, the Investment Company Act, the Commodity Exchange Act and/or the Securities Exchange Act), as well as a thorough understanding of the legal and regulatory expectations / requirements related to private funds, SMA’s and registered investment companies. Bank-affiliated asset management expertise is a plus.
knowledge of front to back asset management operating models (operational procedures, investment process, applications used, etc.) is a plus.
bachelor’s degree in a relevant area of study. A graduate degree (e.g., MBA or JD) is a plus.
structured, rigorous, analytical, holistic and thorough in your approach, of sound judgment and common sense, with the ability to form defensible conclusions from risk assessments and the ability to “stand your ground”, where necessary.
excellent interpersonal skills, and crucially, a collegial, friendly team player.
ability to articulate views, assessments and approaches both verbally and in writing precisely, concisely and persuasively.
ability to present to and respond effectively to senior internal and external stakeholders, including regulators.
capacity to calmly manage conflicting priorities and pressure in a demanding, high-paced and high-volume environment.
dedication to fostering an inclusive culture and value diverse perspectives.
Salary
Raleigh, Nashville: the salary range for this role is $120000 to $160000
New York: the salary range for this role is $150000 to $203000
Legal and Inclusion Statements UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.
#J-18808-Ljbffr