What are the responsibilities and job description for the Compliance Officer position at Magnetar?
About Magnetar
Magnetar is a leading global alternative asset manager with ~$19B AUM as of December 31, 2024. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Systematic Investing, and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
As a Compliance Officer at Magnetar, the role will be responsible for supporting all aspects of the Compliance Department including review and marketing materials, Code of Ethics monitoring, trade surveillance monitoring, testing, training, and developing compliance policies, procedures and internal controls. This position reports to and works in close coordination with the Chief Compliance Officer.
Responsibilities
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.
Magnetar is a leading global alternative asset manager with ~$19B AUM as of December 31, 2024. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Systematic Investing, and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
As a Compliance Officer at Magnetar, the role will be responsible for supporting all aspects of the Compliance Department including review and marketing materials, Code of Ethics monitoring, trade surveillance monitoring, testing, training, and developing compliance policies, procedures and internal controls. This position reports to and works in close coordination with the Chief Compliance Officer.
Responsibilities
- Assist with marketing material reviews, RFP and due diligence requests
- Assist in the preparation of regulatory filings, including responses to regulatory inquiries
- Assist with administration the firm’s Code of Ethics, including the personal trading policy, gifts and entertainment, outside business activities, and pay-to-play
- Assist in the supervision of employee compliance with the firm’s policies & procedures and Code of Ethics
- Responsible for verifying the firm’s compliance with policies & procedures through testing and surveillance
- Assist with new hire compliance onboarding
- Assist in the development of compliance training programs, including the on-going development of training materials and conducting training sessions for all new and existing employees
- Assist with monitor trade execution, best execution, allocation, trade errors, cross trades, and general compliance oversight of the trade execution function
- Conduct conflict checks, update and maintain the firm’s restricted list
- Assist with the annual risk assessment and 206(4)-7 annual review
- Work with the team to prepare for regulatory compliance reviews, exams and certifications
- Coordinate and oversee ongoing policy review and development
- Extensive oversight of all functions and interaction with all levels of the organization
- Bachelor’s degree required
- A successful candidate must have experience within the financial services industry, including at least 2-3 years directly within the compliance function and must possess knowledge of the registered investment advisor industry and practices.
- Familiar with institutional advisory regulations including experience with the SEC marketing rules
- Experience with trading systems, Bloomberg, MCO, STAR Compliance and other compliance platforms preferred.
- Securities industry experience, including operations, accounting or internal audit within the compliance function, is a plus.
- Keen eye for identifying compliance risk and ability to escalate appropriately.
- Ability to work independently as well as part of a close-knit team and among various levels of management.
- High attention to detail, strong organizational skills and the ability to excel in a fast-paced work environment.
- Dedicated, pro-active, problem-solving mindset and a can-do attitude.
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.
Salary : $90,000 - $180,000
