Compliance Associate

About Bracebridge Capital, LLC

Bracebridge Capital, LLC is a prominent alternative asset management firm overseeing approximately $12 billion in net assets. Its investment approach centers on global fixed income markets, aiming for capital preservation and absolute returns with minimal correlation to equities, interest rates, and foreign exchange markets. Founded in 1994, the firm manages private investment funds dedicated to endowments, pension funds, foundations, and other institutional and high-net-worth clients. Bracebridge operates with around 170 employees from its Boston Back Bay office, fostering a culture that values entrepreneurial spirit, collaboration, and intellectual curiosity.

Position Overview

The firm is seeking a Compliance Associate to join its compliance team, directly reporting to the Compliance Officer. The role involves supporting and enhancing the compliance program, ensuring adherence to the SEC, CFTC, and other pertinent regulations.

Key Responsibilities

• Administer the organization's Code of Ethics and Personal Trading Policy.
• Oversee trading compliance activities, including trade allocation monitoring.
• Collaborate with various internal teams to facilitate firm-wide compliance initiatives.
• Perform forensic testing and monitor key compliance risk areas.
• Maintain the Restricted List and assist with MNPI procedures and order management system administration.
• Support surveillance of communications in compliance contexts.
• Track regulatory changes and assist in updating policies, procedures, and controls accordingly.
• Assist with vendor due diligence oversight.
• Prepare and submit required regulatory filings.
• Manage new employee onboarding and conduct compliance training sessions initially and annually.
• Provide additional compliance support to the Chief Compliance Officer and team as needed.

Qualifications

• Bachelor’s degree is mandatory.
• At least five years of experience in operations, audit, compliance, or related fields involving financial product exposure.
• Exemplary professional integrity and discretion when handling confidential data.
• Strong initiative, work ethic, and a proactive problem-solving attitude.
• Capability to juggle multiple projects, meet deadlines, and maintain precise, quality work in a dynamic setting.
• Excellent teamwork, organizational, interpersonal, and communication skills (both written and verbal).
• Experience monitoring personal trading, outside business activities, gifts and entertainment, and political donations.
• Proficiency with Microsoft Excel and Word; familiarity with SharePoint and StarCompliance is advantageous.
• Knowledge of the Advisers Act of 1940 and associated regulations is beneficial.
• Understanding of fixed income instruments is a plus.
• Awareness of conflict-of-interest matters and compliance risk management is preferred.
• Willingness to undertake additional duties as assigned.

Compensation

The anticipated annual salary range for this role is $115,000 to $130,000, determined by factors such as experience, skills, and qualifications.