The Risk & Compliance department is responsible for developing and monitoring an effective risk and control framework across the organization. R&C partners with business partners to effectively manage various risks in an environment of proactive and strategic problem solving. The team also works to identify and remediate control issues, partnering with functions, other control disciplines and operational groups to assist in timely detection and escalation of control issues.
We are seeking an experienced and motivated compliance professional, with experience in financial services, to lead the execution of a compliance program. This position reports to the Chief Compliance & Risk Officer and will have compliance oversight of key activities, including investment advisory activities of RF Impact Advisers. RF Impact Advisers (RFIA) is a nonprofit Pennsylvania-registered investment advisor wholly owned by Reinvestment Fund. RFIA allows eligible investors to invest in private funds that focus on specific asset classes or toward specific impact goals, rather than invest in Reinvestment Fund’s broader portfolio.
The individual that fills this position will hold the following key responsibilities:
Provide end-to-end compliance oversight including developing and maintaining effective controls designed to monitor the effectiveness of the compliance program; ensuring and supporting the review of the appropriateness of the compliance system and procedures and implement necessary remediation for any identified deficiencies.
Maintain in-depth knowledge of the business and its activities in order to ensure adequate compliance oversight and resources as the business needs evolve over time; advise the business on emerging compliance issues.
Develop solutions and lead any required remediation of compliance gaps to completion.
Maintain and update the investment advisor compliance manual and perform surveillance, monitoring and annual testing to ensure effectiveness of the investment advisor Compliance program.
Preparing for and responding to regulatory inquiries and examinations as well as internal audit and other reviews.
Oversight of and review of marketing materials.
Participating in investor due diligence meetings and operational due diligence that support the business’s goals including reviews and approvals of the investment advisory.
Providing advice and regulatory guidance in connection with the development of new products.
Monitor Compliance Ethics pertaining to Company employee conduct matters and ensuring the timely resolution of such matters.
Providing compliance specific trainings to employees.
Oversee and/or execute regulatory filings, such as Form ADV, and relevant internal and client certifications.
Staying abreast of ongoing regulatory developments and/or material regulatory changes in applicable law and regulations.
Lead and support other key initiatives as directed by the Chief Compliance & Risk Officer for the parent company.
The above areas of responsibilities are not exhaustive and may continue to evolve.
The ideal person for this role should have managerial experience and knowledge in managing a compliance program, including maintaining policies and procedures; overseeing compliance and operational risk processes; implementing compliance training programs; and monitoring and remediating potential violations of policy or law.
The requirements listed below are representative of the minimum levels of knowledge, skills, and/or abilities required. To perform this job successfully, the individual must possess the abilities or aptitudes to perform each duty proficiently. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Candidates will be expected to possess the following professional and personal attributes:
Bachelor's degree in Finance, Accounting, or Business-related discipline.
6 years of related Compliance experience with strong knowledge of the Investment Adviser’s Act of 1940 and prior experience preferably as a Deputy CCO.
Familiarity with the knowledge of the securities industry, from a product, corporate governance, compliance and administrative perspective including knowledge of Federal Securities regulations.
Demonstrated ability to influence and work effectively and cross-functionally.
Thinks critically and strategically through business issues while being able to perform tactical tasks including conducting risks assessments and leading testing of IA compliance programs.
Strong communication skills and presence with the ability to speak with impact, influence outcomes; simplify complex topics into actionable recommendations for decision-making.
Comfortable with confronting conflict and difficult issues in a professional, assertive and proactive manner.
Advanced Degree or Certifications
Series 7 and 24 licenses
Expectations for all employees
Supports Reinvestment Fund’s mission, vision, and values by exhibiting the following competencies: Commitment to Reinvestment Fund, ethical behavior/integrity, and respect for coworkers, Reinvestment Fund boards and committees, investors and borrowers, and clients.
Additional Salary Information: Reinvestment Fund offers a competitive salary based on experience and skills, including participation in the Company’s performance plan as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care, and transportation), tuition reimbursement, generous paid time off, and EAP program. As part of its professional development program, the company pays for CPE credits and time off to attend classes as required by its professional staff.
About Reinvestment Fund, Inc.
Reinvestment Fund is a financial services company functioning as a catalyst for change in low-income communities. As a non-profit founded in 1985, we have invested over $2B in underserved communities. Our strategies integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. Reinvestment Fund is headquartered in Philadelphia, with satellite offices in Baltimore and Atlanta. Presently, we have $1B in assets under management, manage investments from 865 unique investors, and maintain a high investment grade rating of AA- from S&P. To learn more about Reinvestment Fund, visit www.reinvestment.com.
To fulfill its mission, Reinvestment Fund brings together individual investors, banks, government officials, private foundations and faith-based and community organizations to invest in projects that transform communities. Reinvestment Fund supports its financing... and development with a strong research and policy analysis capacity that has become a highly regarded source of unbiased information for public officials, policymakers and private (for- and not-for-profit) investors. Reinvestment Fund’s analytical strength is also reflected in its national online data and mapping tool that is available for all internet users at www.policymap.com.