Senior Compliance Associate

Our client, an investment management firm based in Minneapolis, MN is We’re seeking a Senior Compliance Associate to support the firm’s Compliance program with a primary focus on investment-side conflicts of interest. This role will partner closely with Investment Professionals, Legal, Operations, and Risk to identify, assess, document, and mitigate conflicts arising from investment activity, allocations, transactions, and relationships across the platform. Candidates must have experience supporting investment management compliance, with demonstrated knowledge of conflicts of interest arising from fundraising and capital-raising activities (e.g., hedge funds, private equity, private credit).

Responsibilities include:

• Lead and support conflicts reviews tied to investment activity, including identifying issues, escalating as needed, documenting rationale, and tracking mitigation steps.
• Advise on and coordinate conflicts analysis relating to:
• Conflicts of interest arising from fundraising and capital-raising activities (e.g., hedge funds, private equity, private credit).
• Allocations and fairness (co-investments, side-by-side management, cross trades, trade aggregation where applicable)
• Restricted lists / information barriers and MNPI-related controls (in coordination with Legal/Compliance leadership)
• Outside business activities, board roles, and affiliated relationships
• Service provider / counterparty relationships and potential conflicts
• Gifts & entertainment and other conduct-risk considerations impacting investment decisions
• Maintain and enhance the firm’s conflicts register, workflows, and documentation standards; drive consistency across processes.
• Conduct periodic testing and monitoring of conflicts controls; help remediate findings and improve procedures.

Requirements:

• 5 years of compliance experience within investment management (private equity, credit, hedge fund, alternatives, multi-strategy, or asset management).
• Experience in a registered investment adviser (RIA) environment and familiarity with SEC expectations around conflicts, disclosures, and controls.
• Experience supporting investment management compliance, with demonstrated knowledge of conflicts of interest arising from fundraising and capital-raising activities (e.g., hedge funds, private equity, private credit).
• Direct exposure to complex fund structures (e.g., parallel vehicles, SMAs, co-invest programs, continuation vehicles) and related allocation considerations.
• Experience reviewing/handling affiliated transactions, principal/agency trade concepts, and conflicts tied to counterparties and service providers.
• Experience supporting regulatory exams and/or internal audits, including compiling documentation and responding to requests.