Compliance Associate

Company Description

First Light Asset Management is a $1 billion investment manager that specializes in health care opportunities in equity markets. The firm was established in 2013 and is headquartered in the Minneapolis area.

Role Description

First Light is currently seeking a Compliance Associate to assist the Chief Compliance Officer (CCO) with the firm’s compliance function. The position will report to the CCO, but will support and interface across departments including Investments, Operations, and Investor Relations. This important role will immediately have a wide variety of exposure across several disparate compliance items and will follow a cadence of daily, monthly and quarterly tasks as well as ad hoc projects.

First Light is amenable to this position being in-office, hybrid or fully remote. If a fully remote position is desired by the candidate, First Light would like the candidate to be willing to be in the office periodically for meetings and/or events and would achieve a fully remote status only after completing initial in-office training.

First Light is a growing business. Applicants should have an entrepreneurial spirit, enjoy a fast-paced environment, possess an interest in learning and a willingness to try new things. We’re looking for a candidate who is a team player and will do what it takes to get the job done but who is also professionally mature and used to acting with discretion given the exposure to confidential and sensitive information in this role.  

Principal Accountabilities:

• Perform daily trade reviews and reporting for internal purposes and 13G filings.
• Monitor trade volume weekly and prepare relevant internal files.
• Participate in trade pre-clearance along with CCO and Head of Operations.
• Perform periodic employee email and calendar reviews and document findings.
• Schedule Operational Risk Committee meetings and prepare relevant documentation in advance of the meeting.
• Participate in managing and monitoring expert network usage.
• Conduct Blue Sky state notice filing review, prepare Form PF and ADV filings.
• Aid in 13F filing preparation and review.
• Participate in quarterly trading reviews including aiding in personal trading approvals, social media monitoring, proxy voting, political donations (pay-to-play), and forensic trading reviews.
• Conduct gift calculation testing for ERISA purposes.
• Review marketing materials for compliance with regulations.
• Prepare documentation for Board of Directors meetings.
• Participate in annual trading reviews including broker and vendor due diligence.
• Assist with annual compliance training content, presentation and follow up.
• Research, develop and write new compliance policies in response to changing regulation.
• Assist the CCO in ad hoc projects as required. 

Qualifications

• Minimum of 5 years of compliance-related experience in investment management
• Strong Microsoft Office skills required, proficiency in Excel preferred
• Demonstrated track record of discretion and trustworthiness
• Ability to be accountable and take ownership of responsibilities
• Desire to take initiative to investigate and resolve issues
• Ability to multi-task and work under pressure
• Ability to self-review to produce an accurate work product with a focus on the detail
• Exceptional verbal and written communication skills
• Strong influencing and conflict management skills