Job Opportunity
Principal – Compliance
Ares Management Corporation | Hong Kong
Job Summary
Handle and assist in all investment compliance-related activities across private credit, Private Equity and real estate, with a focus in North Asia. Bachelor’s degree. 8+ years of experience working in a compliance role in a regulated financial institution, preferably with experience in capital markets or asset management. Excellent command in English.
Details
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.
About the Job
The Ares Legal & Compliance Department oversees and manages Ares’ global Legal, Regulatory and Compliance functions and programmes. Under the leadership of the Global Chief Compliance Officer, the Compliance and Regulatory functions are comprised of teams that operate collaboratively with a global focus, including Regulatory, which oversees all global regulatory matters including the Advisers Act, Investment Company Act and FINRA; European and Asia Pacific Compliance, which oversees region-specific compliance and regulatory matters, including with laws and regulations in China; Corporate Compliance, which administers global policies and central compliance and oversight functions; and Financial Crimes Prevention, which oversees Ares’ adherence to financial crimes-related rules and regulations.
Ares is looking to appoint a Principal, Compliance, to handle and assist in all investment compliance-related activities across private credit, Private Equity and real estate, with a focus in North Asia, including handling and managing various internal compliance monitoring and conflict management matters within the group. This role will also work closely with the Ares Management global Compliance and Regulatory functions.
We are looking for a self-motivated individual who is a competent and passionate compliance professional with a desire to excel and appreciate the exposure and challenges that are provided by the growth and expansion of Ares businesses in the Asia Pacific region and reflective of the rapidly changing regulatory and compliance environment. Individuals comfortable in a fast-paced environment will be best suited for the role.
Primary Functions and Essential Responsibilities:
* Provide compliance analysis and signoffs for private credit, private equity and real estate pipeline deals in APAC, with a focus on North Asia transactions
* Identify and keep abreast on all investment compliance requirements and work in collaboration with the respective country compliance officers to serve as a central point of coordination of deal related matters across asset classes
* Coordinate filings and reporting to ensure compliance with regulatory and filing requirements (e.g. substantial shareholding reporting obligations)
* Provide local connectivity and leadership in driving and implementing regulatory changes impacting investment activities and processes (e.g. market sounding regulations, market abuse regulations)
* Establish and implement a local Investment Compliance programme that is consistent with regional and global standards
* Update the firm on new and updated compliance requirements, and develop, review, and modify policies and systems accordingly
* Support compliance with relevant Ares global and regional internal processes and policies
* Undertake compliance control functions and compliance monitoring programmes, as appropriate, including the development of trackers and reports to confirm compliance
* Handle and manage various internal compliance monitoring and deal conflict management matters within the group
* Handle intra-group reporting and coordinate with various stakeholders within the group
* Conduct compliance trainings to new hires as well as the development and delivery of compliance training programmes to enhance awareness and understanding of regulatory requirements
* Provide technical guidance to management and employees on compliance matters, including interpretation of applicable regulatory and internal policy requirements
* Provide guidance on various compliance considerations associated with deals in APAC, e.g. Conflicts, MNPI, KYC/AML, FATCA/CRS, local personal data protection requirements, among other applicable regulations
* Perform ad-hoc assignments as required
Education:
* Bachelor’s degree required, preferably with exceptional academic record
* Preferably a CFA holder
Skills and Abilities Required:
* At least 8 years of experience working in a compliance role in a regulated financial institution, preferably with experience in capital markets or asset management
* Highly experienced and knowledgeable with compliance matters across 2 or more private asset classes
* Strong technical competency in identifying and addressing compliance matters arising from the review of private credit, private equity and real estate deal structures
* Sound understanding of conflict management matters
* Hands-on experience and knowledge in internal compliance monitoring requirements and practises
* Knowledge in other regulatory matters or regulatory requirements in other jurisdictions (e.g. market abuse standards, MNPI rules, fair allocation, valuation standards) are advantages
* Proactive management approach, including effective upward management
* Strong interpersonal skills and excellent team orientation
* Self-motivated
* Highly detail-oriented
* Displays good judgment and logical decision making apart from highly developed technical skills
* Strong sense of ownership spirit, and able to work independently
* Multitasking skills
* Ability to work well under pressure in a fast-paced environment
* Excellent command in English
Click here for details on this job
- Job Reference #: R6081
- Min Education: BA/BS
- Min Experience: 8 years