Compliance Associate (New York)

Compliance Associate

Masterworks is a fintech platform that allows anyone to invest in SEC-qualified shares of multi-million dollar paintings by names like Banksy, Basquiat, and Picasso. In just three short years, we have built a portfolio of nearly $800 million in world-class artworks, introducing nearly 950,000 individuals to the $2.2 trillion art market.

Masterworks has been covered by major media publications such as The New York Times, CNBC, The Wall Street Journal, and the Financial Times, and was recently recognized as one of the Top 50 Startups in the US by LinkedIn.

In 2021, Masterworks achieved unicorn status raising $110M in its Series A fundraising round at a valuation exceeding $1 billion.

Our 200+ employees are based out of our offices at Brookfield Place in the Financial District of New York City. With an entirely in-office team, there are endless opportunities for collaboration, innovation, and learning.

If you answered Yes to any of the above, we'd love to hear from you!

Position Overview :

We are seeking a motivated and enthusiastic Compliance Associate with experience in Registered Investment Adviser (RIA) compliance. As a Compliance Associate, you will be responsible for assisting the legal and compliance team in ensuring Masterworks' operations adhere to all relevant regulations and industry best practices. Our Compliance Associate will report directly to the CCO and contribute to the organization's overall compliance framework.

Responsibilities :

• Regulatory Filings : Prepare and submit regulatory filings such as Form ADV, Form CRS, Forms U4 and U5, and other required state or federal filings.
• RIA Compliance : Assist in the development, implementation, and maintenance of policies and procedures to ensure compliance with applicable laws, rules, and regulations.
• Compliance Training : Assist in the preparation and delivery of compliance training programs, including the collection and oversight of employee compliance requirements (gifts & entertainment, political contributions, training, and certifications).
• Marketing and Advertising : Review and advise upon marketing pieces, as well as advisory referral and promoter programs and content.
• Surveillance and Monitoring : Oversee advisory employee activity, including the monitoring of advisory emails, texts, phone calls, and CRM system notes in accordance with the company's policies and procedures.
• Compliance Investigations : Assist with regulatory inquiries or examinations.
• Compliance Documentation : 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.
• AML and KYC : Assist with AML program compliance and oversight activities.

Requirements and Preferred Skill Sets :

Measurements of Success :

Benefits at Masterworks :

How does Masterworks think about compensation?

The compensation range for the role is $90-130k (inclusive only of base salary, and exclusive of other potential competitive benefits such as on-target commission, bonus payments, and equity). Our ranges are very broad to accommodate all types of candidates and encourage growth. Specific compensation offered to a candidate may be dependent on factors such as education, experience, qualifications, and alignment with market data. Exceptional candidates may receive salaries outside of the posted ranges.