Assistant Vice President, Compliance

Location

Business - Brookfield Oaktree Wealth Solutions

Brookfield Asset Management, a leading global alternative asset manager, has an exemplary 100+ year history of owning and operating real assets and related businesses. In 2019, Brookfield acquired a majority interest in Oaktree Capital, a leader among global investment managers specializing in credit and other alternative investments. Together, Brookfield and Oaktree share a long-term, value-driven, contrarian investment style, focusing on sectors in which their in-depth operating experience and market knowledge provide a competitive advantage.
 

Brookfield Oaktree Wealth Solutions is a dedicated business delivering the unparalleled alternative investment expertise of Brookfield and Oaktree to private wealth investors, in partnership with their financial advisors. The business unit is dedicated to effectively supporting the financial intermediary community and bringing timely & unique solutions to market with the individual investor in mind.

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

The Position: AVP, BOWS Compliance

The Firm is seeking to add a Compliance resource to the BOWS Legal and Regulatory Team in its New York office. The position offers a great opportunity for an individual with a “hands-on” approach to become an integral part of the BOWS Legal and Regulatory Team.  The candidate will be responsible for supporting the compliance program focused on the marketing and wholesale distribution of our products on a global basis.  The role will have responsibility for a range of work, including key responsibilities of a broker dealer.  The candidate will collaborate with legal and regulatory personnel at BOWS and across the broader Brookfield and Oaktree Legal and Regulatory organizations. 

Key Responsibilities

• Review and approve personal trading, outside business activities, gifts & entertainment requests via ComplySci

• Policy violation management – investigate and manage potential violations of the Code of Ethics program, ensuring proper documentation and resolution

• Political contributions compliance – utilize illumis to conduct surveillance reviews and escalate concerns for resolution

• Conduct electronic communications monitoring  

• Assist with reporting/filing requirements on the FINRA Gateway as needed: processing the firm and personnel registrations, filing of marketing materials, review of regulatory inquiries and examinations.

• Assist with maintenance and update rosters (ex: employee list, branch list and supervisor designation) as needed

• Maintain and update policies and procedures

• Assist with testing of the Compliance Program and maintain appropriate backups of respective reviews.

• Assist with training of BOWS personnel as needed

• Assist with responding to regulatory questions from the business as needed

• Assist with compliance projects and initiatives as needed

• Effectively communicate and escalate compliance matters to the CCO and other senior legal and compliance team members as appropriate

• Maintenance of appropriate books and records for the broker-dealer

Candidate Qualifications and Requirements

• 5-7 years of compliance-related experience at a broker-dealer, investment adviser, FINRA, or a law firm is preferred

• Bachelor’s degree required

• Experience working in a broker dealer, asset management, capital markets, securities or financial services industry is preferred

• Proficient knowledge of SEC, FINRA, state and other regulatory requirements applicable to a broker dealer’s activities

• Experience with various compliance applications and systems such as Global Relay, ComplySci and illumis

• Working knowledge of, and experience working with and applying, the regulatory requirements and restrictions that apply to the marketing and wholesale distribution of private funds and semi-liquid offerings on a global basis

• High degree of self-motivation and professionalism, with a confident, assertive style and tenacity to deliver results

• Strong relationship building and conflict resolution skills

• Strong interpersonal and verbal communication skills

• Strong analytical and problem-solving skills combined with attention to detail and thoroughness

• Desire to work in a team‐based entrepreneurial environment with an ability to collaborate and respond to business needs

• Able to establish priorities, work on multiple assignments, meet competing deadlines and work in a dynamic, fast-paced global environment

Salary Range: $105,000 - $150,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education, and designations.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.