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Founding Compliance Hire

Arc

Arc

Legal
San Francisco, CA, USA · New York, NY, USA · New York, NY, USA · San Francisco, CA, USA · Remote
Posted on Wednesday, May 22, 2024
Arc is the future of startup finance.
Arc helps startups grow through its integrated cash management and capital markets platform. With Arc, companies don't need to choose between safety, liquidity, and returns — they get all three in one software platform.
Startups can access venture debt and working capital, deposit funds into FDIC insurance eligible accounts held at leading banks, and invest idle cash in insured cash sweeps ($5M FDIC insurance eligibility), Money Market Funds, and U.S. Treasury Bills that generate up to ~5.4% APY (as of 1/30/24).
We’re hiring our founding Compliance hire (title depending on leveling) to help mitigate legal exposure/risk to the organization by enforcing company policies, procedures and regulatory requirements related to Arc’s Registered Investment Advisor (RIA) business. This person will apply broad knowledge of concepts and principles; work independently and perform complex assignments.

⚡️ What You’ll Do:

  • Assist in providing regulatory oversight, risk management, and policy implementation for all investment advisory programs.
  • Identify process improvements and strategies for execution to assist management with achieving compliance objectives. Implement RIA department initiatives as directed.
  • Assist in providing direction and guidance to firm personnel on investment advisory compliance issues, including fiduciary responsibility, advisory regulation, and permissible activities under firm policy, SEC rules and regulations and the Investment Advisers Act of 1940.
  • Assist in maintaining Form ADV Parts 1 and 2A. Work independently to coordinate with departments to collect, validate and provide data required for the filings of the aforementioned ADVs.
  • Assist in maintaining Policies and Procedures, Code of Ethics and overall compliance program. Assist in identifying and assessing new or changing regulatory issues and market trends; assist in developing, maintaining and effectively communicating policies and procedures.
  • Serve as a resource to management and firm personnel regarding special projects and regulatory initiatives.
  • Collaborate with the investment advisory team on the initial and ongoing due diligence of products to ensure agreements and fees are properly disclosed and firms are providing services as described.
  • Support regulatory examinations as needed and assist in the implementation of new policies and procedures.
  • Assist in identifying risks and conflicts of interest related to the firm’s business models.
  • Assist and support management related to RIA activity, compliance, and record keeping.
  • Assist team members with research, assigned tasks and provide training as needed.
  • Complete ad hoc tasks as needed by management.

✅ What You Bring:

  • Five years of regulatory or securities compliance experience.
  • Strong working knowledge of the Advisers Act and SEC rules and regulations as it relates to RIAs.
  • Must have thorough understanding of fiduciary responsibilities and a broad knowledge of securities products, investment advisory services and arrangements, and related regulatory requirements.
  • Excellent written and verbal communication skills.
  • Analytical skills and the ability to perform complex research required.
  • Proficiency using Google Workspace, Notion and other programs used by Arc

🚀 What We Bring:

  • Founding team from Stanford, LinkedIn, Affirm, Meta, Tesla, Brex, Bolt, and beyond
  • Hybrid in-office and wfh, with M-W in person and Thursday - Friday wfm.
  • VC funding from Left Lane, NfX, Bain, and YC
  • Excellent benefits including unlimited PTO, paid medical, dental, vision, etc