Compliance Officer

StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.Position OverviewThis position will be part of a global compliance team and assist in various aspects of the firm’s Compliance program. The position’s primary responsibility will relate to Saudi Arabia to manage the Saudi compliance calendar, assure necessary filings are completed appropriately and that other relevant obligations are met. In addition, this position will have compliance responsibilities relating to other StepStone jurisdictions globally and will review and approve RFP and DDQ requests from clients and prospects for regulatory compliance, review departmental policies and procedures, conduct testing and monitoring of the firm’s Compliance infrastructure and actively participate in change management to provide guidance on compliance with regulatory requirements for applicable products and services, and undertake other responsibilities as they may arise.Essential Job Functions Understand and remain educated on Saudi compliance regime for financial firms in the Kingdom of Saudi ArabiaManage the calendar for StepStone’s Saudi subsidiary and timely file relevant filings and reportsParticipate in the broader global compliance program:Review and approve RFP and DDQ requests from clients and prospects for regulatory complianceParticipate in the review and recommendation of policies and procedures to ensure operations are compliant with applicable laws and regulations and necessary Saudi addendaAssist Compliance team with global forms and filingsAssist in tracking and managing data collected by CompliancePerform elements of the testing programDraft compliance reports and communicate findings to senior Compliance team membersConduct reviews of alleged compliance violations and escalate to senior Compliance team membersIdentify regulatory impacts on business units and coordinate with business teams to implement necessary operational or policy changes in response to regulatory changeSupport product development and process change management by participating in meetings with project teams to ensure compliance with regulations and internal policies and procedures, as applicableIndependently research applicable laws and regulationsRegularly respond to internal team members regarding questions on compliance issues with appropriate, risk-based, and properly supported guidanceAid senior Compliance team members in reviewing and analyzing regulatory proposals by various regulatory agenciesDraft periodic memoranda on compliance issuesProvide AML and KYC supportConduct OFAC and other sanctions checks as neededCoordinate with the Investor Relations team to provide compliance and regulatory support of new product offerings, investor reporting and the development of performance metricsEducation And/or Work Experience RequirementsMust meet the requirements of a Saudi Compliance Officer including CME 2 and Saudi NationalityPrefer 3 years compliance and regulatory experience with a global asset management firm, preferably with exposure to alternative investments and private marketsFamiliarity with financial regimes outside of Saudi Arabia a strong plusFamiliarity with AML/KYC and sanctions regimesExperience with regulatory examiners for financial institutions (responding to regulatory requests, producing documents and/or leading exams)Experience researching and interpreting laws and regulations, preferably in a financial institutionKnowledge of investment products, financial markets, and investment conceptsRequired Knowledge, Skills, And AbilitiesStrong organizational and project management skillsStrong individual contributor with the ability to work effectively as a member of a growing teamWell-developed interpersonal skills with an ability to establish credibility and to interact with employees throughout the organization, in addition to external advisorsExcellent verbal and written communication skillsAbility to effectively communicate regulatory rules and requirementsCommunicate accurate and timely information to key stakeholdersStrong problem-solving skills and the ability to work independentlyHandle moderately complex issues and problems and refer more complex issues to senior Compliance team membersDemonstrate in-depth knowledge and expertise of applicable laws and regulationsOther AttributesSelf-starter, organized, analytical, detail orientedExhibit professionalism, integrity, openness and respect Culture carrier for Compliance team valuesStrong work ethic and excellent interpersonal skillsAbout UsWorking out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.Join usWhen you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.BenefitsWe offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.Disclaimer / Policy StatementsAt StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion. As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.Developing People at StepStone