Compliance Analyst

Ariel Alternatives, LLC is a private asset management firm affiliated with Ariel Investments, LLC. Built on the 40-year-old foundation of its parent company, the firm’s first private equity initiative, Project Black, will invest in middle-market companies that may or may not currently be minority owned; transforming these entities into certified minority-owned business enterprises of scale and forging a new class of Black and Latinx entrepreneurs.

Co-Founders Leslie Brun and Mellody Hobson share a desire to make a positive impact by investing in the world they want to see. Every individual on the team - at all levels - plays a role that is critical to our firm’s success. We seek subject matter experts who are unapologetically themselves. We encourage our employees to reach their full potential and give them the runway, support, and resources to succeed.

Position Summary:

The Compliance Associate will be a dedicated compliance resource for Ariel Alternatives, a newly registered investment adviser and the private equity arm of Ariel Investments. In addition to being a member of the Ariel Alternatives’ Team, the Compliance Associate will also be a member of Ariel’s firmwide Legal & Compliance Team. The position will play a critical role in supporting the firm’s compliance efforts, ensuring adherence to applicable laws, regulations, and internal policies within the private equity industry. The position will touch upon all aspects of implementing Ariel’s Compliance Program, including employee training, risk assessment, and assessing the adequacy of internal policies with a special focus on testing. The position will be located in our NY office.

Responsibilities:

• Work with Chief Compliance Officer to maintain the firm’s compliance program, including assisting in revising and updating Compliance Manual, Code of Ethics and other documents
• Assist in developing compliance testing plans based on regulatory requirements and industry best practices
• Conduct compliance testing and monitoring activities to assess the effectiveness of internal controls and procedures
• Prepare comprehensive reports summarizing testing results, findings and remediation
• Assist in the development of compliance training programs for employees to promote a culture of compliance and awareness
• Collaborate with cross-functional teams to implement and enhance compliance testing procedures and training
• Research, analyze and draft memos
• Assist with regulatory filings, including Forms ADV and PF
• Maintain compliance books and records
• Be involved in special projects as needed

Qualifications:

• Highly motivated, detail-oriented, and collaborative
• Minimum of 5 years of experience in compliance and/or risk management within the financial services industry, with specific experience in private equity preferred
• General working knowledge of relevant federal securities laws and associated rules (e.g., Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Exchange Act of 1934)
• Undergraduate degree required
• Strong understanding of relevant regulations and compliance frameworks, such as SEC regulations and AML/KYC requirements
• Demonstrated experience in conducting compliance testing, risk assessments, and internal audits
• Highly organized individual who can multi-task in a fast-paced environment and meet deadlines in an accurate manner
• Excellent communication and interpersonal skills required

Base Salary

$115,000+ (dependent on skills, experience, and competencies)

Compliance:

Ariel employees, including the incumbent(s) in this position, are required to: (1) read and strictly adhere to all compliance policies and procedures of the various Ariel entities, as applicable; and (2) work together with their colleagues, including the CCO, to resolve compliance issues.

Equal Opportunity Employer / Diversity:

Ariel celebrates diversity and practices inclusion as a way to get work done – it’s in our DNA. As an equal opportunity employer, employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, ancestry, marital status, parental status (including pregnancy), disability, perceived disability, veteran status, status of military discharge, or any other basis under federal, state, or local law. Ariel prohibits discrimination against an applicant or employee because of their actual or perceived protected characteristic(s), and is committed to recruiting, retaining, and developing a diverse group of talented applicants, and to providing employees with a workplace free from discrimination and/or harassment.

Equal employment opportunity takes place in all employment practices, including recruiting, hiring, promotion, demotion, compensation, and termination. The firm seeks to uphold an inclusive culture where diversity is recognized and valued. As such, Ariel provides employees a robust benefits package that includes:

• Coverage for same-sex partner (domestic or spouse)
• Coverage for children (natural born, step, adopted or foster)
• Fully paid medical insurance that covers fertility treatments, gender affirmation
• Employer contributions to a Health Savings Account
• Maternity leave at 100% pay (12 weeks)
• Paid Parental Leave (up to 12 weeks depending on tenure)

Lastly, all employees have access to Ariel-sponsored educational, training, and recreational activities.