Assistant Vice President of Compliance at Monroe Capital LLC

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Feb, 26

Salary

175000.0

Posted On

05 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance, Risk Management, Regulatory Compliance, Investment Advising, FINRA, Private Credit, Private Equity, Real Estate, Communication, Process Improvement, Broker/Dealer Compliance, Vendor Management, Strategic Planning, Team Collaboration, Analytical Skills, Problem Solving

Industry

Financial Services

Description

Description Position Overview: Monroe Capital (the “Firm”) is a premier asset management firm specializing in private credit markets across various strategies including, direct lending, asset-based lending, specialty finance, opportunistic and structured credit, real estate, and equity. The Firm is seeking leader for its Assistant Vice President of Compliance role. The Assistant Vice President of Compliance will assist the Chief Compliance Officer in implementing and maintaining the Firm's strategy, programs, policies, and practices with regards to regulatory compliance and risk mitigation for its registered investment advisor entities. The Firm is seeking a candidate that will bring valuable expertise and be able to effectively communicate with internal and external stakeholders on complex compliance matters in a direct and simple manner. The Assistant Vice President of Compliance must be confident and proactive, with the versatility of assisting and managing micro and macro compliance activities and actions. The Assistant Vice President of Compliance will be charged with supporting multiple areas of the business as well as assisting the CCO with further developing and maintaining the Firm’s compliance program as the Firm continues to grow and expand. This position is hybrid out of Chicago. Duties and Responsibilities: Assist with further developing and managing the Firm’s risk management program, including in-depth analysis of procedures within various departments to identify process improvements in terms of efficiency (including systems recommendations) and risk mitigation Identify areas of further development within the compliance program as the Firm’s continues to rapidly grow Establish a proactive presence with the management team with a focus on strategic business planning and development of the compliance oversight program, and risk mitigation associated with new organizational initiatives Assist with updating and maintain the compliance programs for the Firm’s registered investment advisors and our business development companies Manage outsourced third-party compliance relationships (vendors, consultants, etc) Foster a compliance culture for efficiently and effectively managing compliance throughout the organization Implement and maintain a Broker/Dealer compliance program consistent with FINRA requirements Requirements 10+ years of related experience (within the compliance function of a SEC registered investment adviser and FINRA registered firm) FINRA Series 7 and Series 24 required Knowledge of sophisticated investment offerings across multiple jurisdictions, ideally with a focus on private credit and with exposure to private equity style funds, BDCs, real estate and other emerging products Physical Requirements Sitting: Frequently (approximately 70–80% of the workday) Required for computer work, phone communication, and administrative tasks. Standing and Walking: Occasionally (approximately 20-30% of the workday) May be required for filing, retrieving documents, or walking between departments or meeting rooms. May be required to walk between Monroe offices located on different floors in the building May be required to use a step-stool to access supplies Lifting/Carrying: Occasionally Must be able to lift and carry items such as office supplies, boxes of paper, or small equipment (typically up to 20 pounds). Reaching/Bending: Occasionally Required when organizing supplies, accessing low or high shelves, or setting up meeting rooms. Typing/Keyboard Use: Frequently Daily use of computer, keyboard, mouse and other office equipment is required. Vision and Hearing: Frequently Adequate vision for reading reports, emails, and spreadsheets. Adequate hearing for phone conversations and verbal communication in meetings. Speaking: Frequently Must be able to communicate clearly with staff, vendors, and external partners. Compensation: It is expected that the base salary range for this position will be $160-175,000. Actual salaries may vary based on factors such as skills, experience, and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors. Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. About Monroe Capital Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia. Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.’s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

Responsibilities

The Assistant Vice President of Compliance will assist the Chief Compliance Officer in implementing and maintaining the Firm's compliance strategy and programs. This role includes managing compliance activities and supporting various business areas as the Firm grows.