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 Overview

This 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 Arabia
• Manage the calendar for StepStone’s Saudi subsidiary and timely file relevant filings and reports
• Participate in the broader global compliance program:
  • Review and approve RFP and DDQ requests from clients and prospects for regulatory compliance
  • Participate in the review and recommendation of policies and procedures to ensure operations are compliant with applicable laws and regulations and necessary Saudi addenda
  • Assist Compliance team with global forms and filings
  • Assist in tracking and managing data collected by Compliance
  • Perform elements of the testing program
  • Draft compliance reports and communicate findings to senior Compliance team members
  • Conduct reviews of alleged compliance violations and escalate to senior Compliance team members
  • Identify regulatory impacts on business units and coordinate with business teams to implement necessary operational or policy changes in response to regulatory change
  • Support product development and process change management by participating in meetings with project teams to ensure compliance with regulations and internal policies and procedures, as applicable
  • Independently research applicable laws and regulations
  • Regularly respond to internal team members regarding questions on compliance issues with appropriate, risk-based, and properly supported guidance
  • Aid senior Compliance team members in reviewing and analyzing regulatory proposals by various regulatory agencies
  • Draft periodic memoranda on compliance issues
  • Provide AML and KYC support
  • Conduct OFAC and other sanctions checks as needed
  • Coordinate with the Investor Relations team to provide compliance and regulatory support of new product offerings, investor reporting and the development of performance metrics

Education and/or Work Experience Requirements

• Must meet the requirements of a Saudi Compliance Officer including CME 2 and Saudi Nationality
• Prefer 3 years compliance and regulatory experience with a global asset management firm, preferably with exposure to alternative investments and private markets
• Familiarity with financial regimes outside of Saudi Arabia a strong plus
• Familiarity with AML/KYC and sanctions regimes
• Experience 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 institution
• Knowledge of investment products, financial markets, and investment concepts

Required Knowledge, Skills, and Abilities

• Strong organizational and project management skills
• Strong individual contributor with the ability to work effectively as a member of a growing team
• Well-developed interpersonal skills with an ability to establish credibility and to interact with employees throughout the organization, in addition to external advisors
• Excellent verbal and written communication skills
• Ability to effectively communicate regulatory rules and requirements
• Communicate accurate and timely information to key stakeholders
• Strong problem-solving skills and the ability to work independently
• Handle moderately complex issues and problems and refer more complex issues to senior Compliance team members
• Demonstrate in-depth knowledge and expertise of applicable laws and regulations

Other Attributes

• Self-starter, organized, analytical, detail oriented
• Exhibit professionalism, integrity, openness and respect 
• Culture carrier for Compliance team values
• Strong work ethic and excellent interpersonal skills

About us

Working 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 us

When 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.

Benefits

We 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 Statements

At 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

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