Compliance Associate, Masterworks
$100-130k
+ equity
More information about location
Office located in Brookfield Place, NY
Platform for art investment
Job no longer available
Platform for art investment
201-500 employees
Job no longer available
$100-130k
+ equity
More information about location
Office located in Brookfield Place, NY
201-500 employees
Company mission
Masterworks' mission is to make art investable.
Role
Who you are
- Our ideal candidate possesses a solid understanding of financial products and concepts, and the regulatory environment governing the oversight and marketing of financial products and services
- This person serves as a key partner to their business counterparts, and should be comfortable with building strong interdepartmental relationships and workflows
- Bachelor's degree in finance, law, or related field
- 3+ years of experience in compliance, preferably in a fintech company
- Strong understanding and practical experience with FINRA and SEC regulations (emphasis on the Investment Advisers Act of 1940, including the SEC Marketing Rule)
- Excellent attention to detail and ability to identify and analyze regulatory risks
- Inquisitive nature, with experience evaluating complex data sets and calculations
- Strong written and verbal communication skills
- Outstanding interpersonal skills
- Experience successfully navigating cross departmental relationships and initiatives
- Business-minded, capable of balancing compliance risk with business objectives
What the job involves
- Masterworks is seeking a highly motivated Compliance professional who is passionate about finance and investments to join our team
- This role will be primarily focused on reviewing and approving advertising copy and product updates subject to applicable rules and regulations of the SEC, FINRA, the FTC, among others
- Additionally, this individual will be responsible for assisting the legal and compliance team in ensuring the Masterworks’ Registered Investment Adviser (“RIA”) and other regulated functions adhere to all relevant regulations and industry best practices
- The Compliance Associate will report directly to the CCO as part of a small legal and compliance team and contribute to the overall compliance framework of the organization
- Review and approve all marketing content and product changes to ensure compliance with all relevant regulatory requirements, including but not limited to SEC and FINRA regulations
- “Problem-solve” with the marketing and product teams to accomplish objectives while remaining compliant
- Develop, implement, and maintain policies and procedures to ensure compliance with applicable laws, rules, and regulations
- Prepare and deliver compliance training programs and materials
- Oversee employee activity in accordance with the company’s policies and procedures
- Assist with regulatory inquiries or examinations
- Maintain accurate and up-to-date compliance records including but not limited to regulatory filings, policies and procedures, client communications, marketing and advertising materials, and evidence of advisory oversight
- Assist with the development and evolution of the company’s compliance program
Our take
In the age of democratising access to financial platforms, Masterworks epitomises the trend through its platform, which breaks down the walls to art investment. Traditionally guarded by old institutions and reserved for the uber-rich, the company supplies a way for retail investors to access the space by pioneering the ‘fractionalising’ of art pieces.
Through Masterworks, SEC-qualified paintings by names like Banksy, Monet, and Picasso are portioned, allowing retailers to hold just a percentage of the piece via its platform. Having acquired over 100 assets, worth a total of hundreds of millions of dollars, the company has scaled well and remained agile as it capitalises on the ever-increasing popularity of alternative assets.
The company has also focussed on building out its technological capabilities. For instance, by leveraging proprietary data - acquired from becoming one of the most important buyers on the market - Masterworks believes it can deliver increased returns for its retail investors, adding further value to its platform that should attract and retain users.
Freddie
Company Specialist at Welcome to the Jungle
Insights
160% employee growth in 12 months
Company
Funding (1 round)
Oct 2021
$110m
SERIES A
Total funding: $110m
Company benefits
- Paid time off for vacation, sick time, and corporate holidays
- 401k option
- Daily buffet style catered lunch with options for every diet
- Lunch & Learns - Featured guests and Masterworks leadership share their experiences
- Monthly happy hours
- Medical, dental, and vision coverage for all our full-time employees
Company HQ
World Trade Center, New York, NY
Leadership
Scott Lynn
(Founder & CEO)Founded Virtumundo which developed one of the first viral internet games. Went on to found and chair V2 Ventures, which invested in or acquired startups in the online advertising space. Also founded Payability, an eCommerce funding platform.
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