Compliance and Legal Associate

The Firm

Founded in 1988, Prospect Capital is an alternative asset management firm with $7.3B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

 

With headquarters in New York City, the firm is comprised of 100+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

 

The Position

We are seeking a motivated and detail-oriented Compliance and Legal Associate to join our legal and compliance team. This role is an excellent opportunity for a compliance professional seeking broader exposure to a dynamic investment management environment or a corporate paralegal looking to expand into regulatory compliance. The ideal candidate is intellectually curious, highly organized, team-oriented and eager to grow.

 

Corporate & Securities Matters

• Provide support for required filings under securities laws, including Form 10-Ks, Form 10-Qs, 8-Ks, registration statements, prospectuses and proxy statements.
• Assist with NASDAQ and NYSE compliance activities, including reporting organizational changes and filings of annual and interim reports.
• Assist with preparation of materials for meetings of the Board of Directors and its committees, including drafting resolutions.
• Handle corporate governance matters, including research and maintenance of records relating to the Board of Directors.
• Draft, review, and file corporate and transactional documents.
• Support special corporate governance and capital markets projects as the need arises and other tasks, strategic projects, or duties as needed.

 

Compliance Support

• Assist with the firm’s regulatory compliance program, including maintaining, updating and supervising the firm’s compliance policies and procedures and conducting employee training and annual reviews.
• Help manage Comply, the firm’s software for administering employee Code of Ethics obligation, including personal trading and gifts & entertainment.
• Support regulatory filings, including Form ADVs and related regulatory reports.
• Support the firm’s marketing compliance program, including review of marketing materials.
• Assist with preparation for regulatory examinations and help coordinate responses to regulatory inquiries.
• Support special compliance projects as the need arises and other tasks, strategic projects, or duties as needed.

Desired Skills and Experience

• Bachelor’s degree from a leading college or university.
• 5 or more years of experience in a corporate legal department, law firm, or compliance role, preferably within investment management or financial services.
• Exposure to or working knowledge of investment adviser, investment company or industry related compliance (e.g., Investment Advisers Act, Investment Company Act, Securities Exchange Act, and FINRA rules) is a plus.
• Experience or working knowledge of securities filings, corporate governance, entity management, and due diligence.
• Ownership mentality and strong organizational skills.
• Excellent analytical and communication skills.
• Ability to produce high-quality work in a deadline-driven environment.

 

The anticipated base salary range for this position is $140,000 - $185,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.

 

In addition to the base salary, the hired professional is eligible for comprehensive benefits including 100% employer-paid Life Insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

Salary

• $140,000 - $185,000