AIMA

The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

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Director / Associate Director, Markets Regulation (US)


AIMA seeks a Director / Associate Director for the Markets Regulation team within its Government and Regulatory Affairs (GRA) Department based out of New York.

Role and salary dependent on experience – minimum 5 years

plus discretionary bonus, private healthcare, life assurance, defined-contribution pension plan

AIMA, the global trade association for hedge fund managers and other practitioners in the sector, seeks an experienced Director/ Associate Director for its busy Markets Regulation team, also serving as a key member contact and liaison on other policy and regulatory matters within the Government and Regulatory Affairs Department. This role is based in New York.


AIMA

AIMA is headquartered in London, with additional offices around the globe, including in New York. AIMA services approximately 1,400 corporate members – including the largest, globally active hedge fund managers - in over 50 countries, providing summaries and responses to important regulatory and tax consultations and developing guidance notes and sound practice guiedes for our members. We also maintain and develop relationships with national and supranational regulatory and policy making institutions around the world such as FSB, IOSCO, BCBS and others. 


Structure of Government and Regulatory Affairs department

The Department consists of 10 members of staff, working across three teams, Asset Management, Markets Regulation and Tax. The Department is headed by the Deputy-CEO, Jiri Krol. 


Role: Director / Associate Director, Markets Regulation, Reporting to Head of Markets Regulation Team 

Following a significant increase in the level of AIMA’s work in respect of US regulation, AIMA is looking for a candidate to join the Markets Team, working out of our New York office. Responsibility will cover the broad range of markets-focused regulatory initiatives coming out of the US currently, notably Dodd-Frank Title VII requirements and CFTC/SEC measures on HFT/algorithmic trading and market structure. The successful candidate will be the key point of contact for US members on the full range of regulatory topics that AIMA deals with.

The successful candidate will work on these key files with the assistance of working groups made up of AIMA members and would be expected to assume personal responsibility for specific work-streams. In addition, there is an increasing advocacy role in putting forward AIMA’s case in respect of various files in front of policy makers and regulatory authorities, notably the CFTC, the SEC, FED and the Treasury.

This is an excellent opportunity to gain a wide and high-profile exposure to the regulatory issues facing the hedge fund industry, whilst playing a leading role in AIMA’s US activities. AIMA has built an exceptionally high reputation for representing the interests of the hedge fund industry globally. The level of its output is matched only by its attention to detail and professionalism and a desire to reflect the unique characteristics of its membership.


Outline

Working within a trade association is unique; representing membership interests requires an excellent grasp of policy issues and prominent advocacy component and public policy outreach. Our Government and Regulatory Affairs Department manages all matters relating to regulatory and tax issues of relevance to the AIMA membership base. The growth of our specialist industry and the substantial increase in issues, particularly over the last 36 months, means that the department’s role has become a crucial one.

The position of Director / Associate Director, Markets Regulation requires a self-starter; he/she will need to demonstrate a deep understanding of the US legal and regulatory framework as it relates to the hedge fund industry; to track US regulatory developments efficiently and to set out AIMA’s position on relevant topics publicly and in private meetings. There is significant scope for the individual to grow and develop the role. A legal, compliance or other relevant industry background and/or experience within a governmental or similar agency would be valuable.


The role includes:

  • organising and running specialist committees and working groups to handle specific projects and initiatives of interest to the membership, including responses to CFTC and SEC regulatory consultations, guidance notes and updates for members or briefing notes for colleagues;
  • preparation of and assistance in responses to regulatory consultations around the world or on specific issues on behalf of corporate members – both via working groups and individually;
  • summarising consultation papers and reports for members;
  • engaging in advocacy work on key areas of importance in front of policy makers, governmental agencies and regulatory authorities, including arranging seminars or workshops;
  • assisting/collaborating with colleagues from AIMA’s other departments, especially with the asset management team;
  • summarising the regulatory position on specific topics, across multiple jurisdictions for AIMA colleagues and members;
  • responding promptly to members’ queries and requests on market regulatory issues;
  • attending, and speaking at, industry events on regulatory issues and networking with members and industry participants;
  • contributing to and reviewing AIMA’s industry guidance and sound practice materials;
  • liaising with members in different jurisdictions; and
  • when necessary, travelling in connection with the above work (mainly, but not exclusively, to Washington D.C., London, Hong Kong or Singapore).

Required skills and experience for this position include: 

  • proven legal or compliance experience – gained at a law firm, government agency or body or within the asset management industry - or other appropriate experience in the financial services sector;
  • a solid knowledge of financial services law and regulation in the US, in particular: Dodd-Frank Title VII requirements; the Commodity Exchange Act; CFTC and SEC rules on high-frequency and algorithmic trading; US bankruptcy code.
  • Familiarity with the hedge fund industry and the ability when necessary to cover issues relating to funds and advisors (e.g. CFTC/SEC registration) would be advantageous.
  • good research skills;
  • the ability to communicate effectively and with impact with both regulatory representatives and members;
  • the ability to absorb and organise substantial amounts of both general and detailed information and to disseminate and ‘distil’ it in a manner readily accessible to AIMA members and in good written English;
  • attention to detail, diligence, accuracy and thoroughness in the written and spoken word;
  • the ability to adapt to and fit in with AIMA culture;
  • a ‘can do’ attitude – including a willingness to tackle a broad range of work;
  • the ability to work under pressure and to represent AIMA professionally and positively, both internally and externally.

Additional experience and knowledge preferred in the areas of:

  • the financial services/hedge fund industry and key stakeholders
  • economics and the debate regarding taxation of the asset management industry and potential future developments
  • structures and priorities for the hedge fund industry in the main financial centres
  • legislative process (UK, EU or more broadly)
  • knowledge of the general regulatory environment affecting the asset management industry

This is an excellent opportunity for you to take the next step in your career and play a leading role in the US activities of this growing international trade body. We are committed to helping you to achieve your professional goals. 


NO AGENCIES, PLEASE

Please call for further information and/or forward your CV:

Adam Jacobs – Director, Head of Markets Regulation

The Alternative Investment Management Association Limited (AIMA)
167 Fleet Street
London EC4A 2EA

Email ajacobs@aima.org

Tel +44 (0)20 7822 8380
 

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