Compliance Officer

Written By Ingrid Nordskog

Water Island Capital, LLC

Location: Hybrid

Water Island Capital, LLC (“Water Island”) is an employee-owned, SEC registered investment advisory firm founded in 2000 with its principal office in New York. The firm manages approximately $2.0 billion across multiple event-driven strategies and vehicles focused on merger arbitrage, equity special situations, and credit opportunities. The firm is an investment adviser or sub-adviser to various clients, including The Arbitrage Funds, a series of mutual funds, and AltShares Trust, a series of exchange-traded funds, both of which are affiliated investment companies registered under the Investment Company Act of 1940 (collectively, the “Trusts”), other mutual funds and private funds.

Overview of Role

Water Island is seeking an experienced compliance professional to support its compliance programs.

Responsibilities

  • Design and conduct compliance monitoring and testing

  • Draft, maintain, review and amend written compliance policies and procedures

  • Prepare formal written reports relating to compliance testing and policy reviews

  • Conduct employee email reviews

  • Serve as supervisor of the firm’s registered representatives

  • Review advertising, sales literature, and other marketing materials for compliance with SEC and FINRA rules

  • Administer the firm’s Code of Ethics program

  • Prepare regulatory filings, including Section 13 filings

  • Conduct investment guideline and trade compliance monitoring

  • Assist with compliance reporting to clients, including reviews of due diligence questionnaires and participation in client meetings

  • Serve as primary compliance officer of Water Island’s UK FCA registered affiliate

  • Engage with employees on compliance matters and administer employee compliance training

  • Participate in oversight of service providers

  • Communicate with Board members of the Trusts, external legal counsel and other professionals

  • Keep abreast of regulatory developments affecting the firm’s compliance programs

Education and Qualifications

  • Bachelor’s degree required

  • Minimum of five years of relevant compliance and/or legal experience, including knowledge of the rules and regulations of the Investment Advisers Act of 1940 and the Investment Company Act of 1940, as amended

  • Currently holds (or is willing to obtain) FINRA Series 24, 7 and 63 licenses

  • Experience with reviewing advertising and marketing materials for registered investment advisers and funds

  • Experience with administration of personal trading policies and procedures, trade surveillance, and electronic communications reviews

  • Flexibility and enthusiasm to assist the CCO in a wide range of tasks and responsibilities

  • Committed to maintaining high ethical standards and a strong compliance culture

  • Strong verbal and written communication skills, including ability to draft reports and policies

  • Strong problem solving and analytical skills with excellent attention to detail

  • Self-starter with ability to work well independently and in a team environment, work well under pressure and deadlines, while managing multiple projects

  • Strong service orientation and ability to communicate with and establish and maintain effective working relationships with peers, senior management, a wide array of associates, clients, Board members, external legal counsel, and other service providers

Ingrid Nordskog
Previous

Sr. Analyst, Enforcement
Next

Assistant Vice President for the Office of Regulatory and Research Compliance **HYBRID**