Senior Associate, Registered Product Compliance (JD required)

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

The Ares Legal and Compliance Department oversees and manages Ares’ global Legal, Regulatory and Compliance functions and programs. Under the leadership of the Global Chief Compliance Officer, the Compliance and Regulatory functions are comprised of teams that operate collaboratively with a global focus, including Regulatory, which oversees all global regulatory matters including the Advisers Act, Investment Company Act and FINRA; European and Asia Pacific Compliance, which oversees region-specific compliance and regulatory matters; Corporate Compliance, which administers global policies and central compliance and oversight functions; and Financial Crimes, which oversees Ares’ adherence to financial crimes-related rules and regulations. 

Ares is seeking a talented Compliance professional to join our Legal and Compliance team to serve as a member of the Registered Products team with a primary responsibility of supporting the day-to-day compliance needs of Ares registered investment companies (“RICs”) and business development companies (“BDCs”), including the annual assessment and maintenance of comprehensive compliance programs under the Investment Company Act of 1940 with additional focus on policies and procedures, where applicable, regarding compliance with the Investment Advisers Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934.

Reporting relationships

Reports to: Principal in the Registered Products team within the Legal & Compliance Department.

Supervises: n/a

Primary functions & responsibilities

• Assist Registered Product Chief Compliance Officer with the annual assessment and maintenance of comprehensive compliance programs under the Investment Company Act of 1940 with additional focus on policies and procedures, where applicable, regarding compliance with the Investment Advisers Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934 for each of the firm’s regulated funds

• Engage with and advise regulated fund management teams and boards of directors on all issues concerning regulated fund governance and compliance with the Investment Company Act of 1940

• Assist Registered Product Chief Compliance Officer with the review and assessment of investments and related business activities, with a focus on ensuring compliance with regulatory requirements of the Investment Company Act of 1940 and adherence to internal protocols, including appropriate resolution of conflicts of interest considerations and other fiduciary matters

• Advise on ad-hoc questions relating to corporate governance matters, SEC reporting obligations, information sharing and general compliance with the federal securities laws

• Assisting with the creation and management of registered fund board materials

• Managing regulatory filings (e.g., 8-Ks, 10-Q/Ks, Form 10s, N-2s, N_CSRs prospectus updates) and assist with managing day-to-day regulatory compliance oversight of registered funds

• Working with the in-house Legal & Compliance team and external counsel to monitor and implement legal and regulatory developments that impact the registered funds

• Manage processes related to compliance with the conditions of the firm’s SEC Co-Investment Exemptive Order

• Work closely with other teams within the Legal and Compliance Department to ensure efficient development and application of the firm’s compliance and regulatory framework in connection with:

  • new business needs, initiatives and developments;

  • new regulatory activities and developments; and

  • cooperation with and response to governmental and regulatory inquiries and examinations.

Qualifications

Education:

• JD required with a strong academic background

Experience Required:

• 2-5 years of experience advising RICS and BDCs

• Significant collaboration with colleagues across multiple functions, including those in senior and executive leadership

• Proven record of acco