****Preference will be given to those with experience in Commercial Real Estate and Syndication Structures****
Ashcroft Capital, a real estate investment firm seeks its first chief compliance officer (CCO) to oversee all aspects of enterprise compliance. Ashcroft markets private placements to finance development projects. Sales are made to institutional investors and high net worth individuals. CCO Will report to CEO. CCO will be integrated into multiple dimensions of activities of the organization. Role requires excellent leadership, keen risk judgment, decisiveness, communication and interpersonal skills, and superb integrative thinking across all facets of compliance risk policies, procedures and processes.
- Providing focused leadership, guidance and demonstrated knowledge in handling a structured compliance program. Providing challenge and a control to the business' compliance risk-taking and risk assessments.
- Creating and maintaining policies, standards and procedures. Administering and improving the current compliance policies, procedures and processes as needed; completing periodic internal evaluations of the compliance program to strive for best practices and ensure that safeguards are in place to prevent, detect, and correct potential violation of laws and regulatory guidance; taking the initiative to proactively improve, develop and implement effective and business minded policies.
- Overseeing compliance risk assessment and auditing processes; performing “routine” and specialized training; monitoring and communicating with the CEO about potential deficiencies or violations of rules, regulations, policy, procedures or laws.
- Completing periodic internal evaluations of the compliance program to strive for best practices and ensure that safeguards are in place to prevent, detect, and correct any potential violations of laws and regulatory guidance.
- Reporting regularly on critical business issues and compliance-related matters to the CEO and establishing and maintaining positive and engaging rapport with other business staff, outside consultants and service providers to encourage an active and open dialogue and culture of compliance.
- Maintaining meticulous record keeping practices, ensuring that documentation is preserved in accordance with policy and regulation, and available for regulatory inquiries or examinations in real-time (i.e. organization charts, financial statements, compliance testing, etc.).
- Managing, advancing and enforcing compliance policies, procedures and controls to ensure that actual operations comply with all relevant federal and state rules, regulations, statutes and guidance.
- Preparing for, leading and responding to inquiries regarding examinations, investigations and other compliance -related matters conducted by external parties. Keeping senior management (and approved third parties) updated on the status of any regulatory concerns.
- Maintaining critical operating relationships across the multiple departments and understanding how compliance risk programs impact the entire organization.
QUALIFICATIONS AND REQUIREMENTS
- Successful completion of an undergraduate degree in law, finance, accounting, real estate or related field is required, and a graduate degree is preferred (e.g., MBA or JD).
- A minimum of 7+ years of prior compliance experience with one or more real estate investment funds or other alternative investment platform, broker-dealer, investment adviser, asset manager, regulatory agency or major consulting firm covering alternative asset manager compliance.
- Self-confidence and affability to effectively engage with and earn the trust and confidence of senior executives, including the CEO, General Counsel, Management Committee, and Board members.
- Common sense, executive presence, strong strategic judgment and integrative thinking skills, deep compliance risk knowledge, as well as good organizational, communication and influencing skills.
- Significant experience with US securities regulations and a thorough understanding of the legal and regulatory expectations / requirements related to investment fund compliance.
- Structured, rigorous, analytical, holistic thinker with the ability to form defensible conclusions from risk assessments and the ability to "stand your ground".
- Someone with strong and sound judgment and able to articulate views, assessments and approaches both verbally and in writing precisely, concisely, logically and accurately.
- Able to present to and respond effectively to senior internal and external stakeholders.
- Able to calmly manage conflict and pressure in a demanding, high-paced and high-volume environment.
- Flexible and capable of prioritizing based on changing internal or external demands.
COMPENSATION AND BENEFITS
Competitive base salary
- Human Resources
- Risk Management
- Due Diligence
5+ to 7 years
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