Executive Director of Compliance

USAA Real Estate is hiring an Executive Director of Compliance who will focus on US investment advisor regulation and compliance.  The ideal candidate will have at least 10+ years’ experience in private real estate funds and investment advisor compliance programs.  The person hired into this role will be based out of the New York City office, be a key member of the USAA Real Estate compliance team and serve as a principal compliance partner to Square Mile Capital.  This individual will report to USAA Real Estate’s Global Chief Compliance Officer, who also serves as Square Mile’s CCO, and will work closely with various internal teams, including marketing, investor relations, portfolio management, legal, and finance.  

What You’ll Do 

• Assist with all matters related to investment advisor compliance, including help implement the enterprise-wide compliance program, including developing and conducting compliance testing.
• Participate in cross-affiliate initiatives and help integrate the compliance programs of the Company and its affiliates.
• Assess proposed regulations for impact to the business and develop and implement policies and procedures to address relevant changes.
• Review marketing and sales materials, investor reports, DDQs, and other intermediary related documents to ensure consistency and compliance with applicable laws and regulations.
• Help prepare US regulatory reports and filings, including the annual Rule 206(4)-7 reports, and Forms ADV and Form PF.
• Support and help handle internal corporate reporting, as well as regulatory communications and examinations.

What you have

• Regulatory experience in a compliance or legal role at a registered investment advisor with private alternative funds or with a financial services regulatory consulting firm.
• Understanding of the private real estate and investment management business, including fundraising, marketing, distribution, and investor reporting.
• Substantive knowledge of U.S. Securities and Exchange Commission rules and regulations, including the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company and Investment Advisers Acts of 1940.
• Knowledge of Employee Retirement Security Income Act of 1974 (“ERISA”).
• Understanding of key non-US regulatory frameworks applicable to the business, including MiFID and AIFMD would be beneficial.
• Positive attitude and ability to build relationships across the business.
• Familiarity with compliance management software, e.g. ACA Compliance Alpha or similar platforms.

Why Work for Us

USAA Real Estate is a dynamic, growing, forward-thinking company.  We offer a competitive and flexible benefits package designed to empower you for today and tomorrow.

USAA Real Estate is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law and we are focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace.

Minimum Qualifications:

• Bachelor's degree or higher in a relevant field, law degree preferred.  
• 10+ years of related work experience.
• Ability to think strategically with sharp analytical skills and strong attention to detail and accuracy.
• Ability to work independently and within a geographically dispersed team while running multiple sophisticated projects.
• Ability to independently find opportunities to improve and enhance the compliance program.
• Ability to identify and solve sophisticated issues in a team environment working with various levels of management and business partners.
• Experience with writing, maintaining, and revising policies and procedures.
• Experience with implementing control enhancements and operational efficiencies.
• Advanced communication skills, both verbal and written, with the ability to express oneself clearly and influence effectively, with all levels of an organization.
• Must be willing to work on-site and show proof of COVID-19 vaccination (or request and receive an authorized exemption)
• Highly effective organizational, prioritization, and time management skills.
• Qualifications may warrant placement in a different job level.