About Magnetar
Magnetar is a leading global alternative asset manager with ~$19B AUM as of December 31, 2024. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Systematic Investing, and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
As a Compliance Analyst at Magnetar, the role will be responsible for supporting all aspects of the Compliance Department including Code of Ethics monitoring, surveillance monitoring, testing, training, and developing compliance policies, procedures and internal controls. This position reports to and works in close coordination with the Chief Compliance Officer.
Responsibilities
- Assist with administration the firm’s Code of Ethics, including the personal trading policy, gifts and entertainment, outside business activities, and pay-to-play
- Assist in the supervision of employee compliance with the firm’s policies & procedures and Code of Ethics
- Responsible for verifying the firm’s compliance with policies & procedures through testing and surveillance
- Assist with new hire compliance onboarding
- Assist with monitor trade execution, best execution, allocation, trade errors, cross trades, and general compliance oversight of the trade execution function
- Conduct conflict checks, update and maintain the firm’s restricted list
- Assist with the annual risk assessment and 206(4)-7 annual review
- Work with the team to prepare for regulatory compliance reviews, exams and certifications
- Assist in the preparation of regulatory filings, including responses to regulatory inquiries
- Assist in the development of compliance training programs, including the on-going development of training materials and conducting training sessions for all new and existing employees
- Assist with marketing material reviews and due diligence requests
- Coordinate and oversee ongoing policy review and development
- Extensive oversight of all functions and interaction with all levels of the organization
Qualifications
- Bachelor’s degree required
- A successful candidate must have experience within the financial services industry, including at least 2-3 years directly within the compliance function and must possess knowledge of the registered investment advisor industry and practices.
- Experience with trading systems, Bloomberg, MCO, STAR Compliance and other compliance platforms preferred.
- Securities industry experience, including operations, accounting or internal audit within the compliance function, is a plus.
- Keen eye for identifying compliance risk and ability to escalate appropriately.
- Ability to work independently as well as part of a close-knit team and among various levels of management.
- High attention to detail, strong organizational skills and the ability to excel in a fast-paced work environment.
- Dedicated, pro-active, problem-solving mindset and a can-do attitude.
The annual base salary range for this position is $90,000 to $180,000 USD. The actual base salary will depend upon the candidate’s relevant experience, qualifications, skills, business needs and market. This role may be eligible for a discretionary bonus and if awarded is based on a variety of factors including firm and individual performance.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Top Skills
What We Do
𝐖𝐡𝐨 𝐖𝐞 𝐀𝐫𝐞:
Magnetar Capital is a leading alternative asset manager with offices in Evanston, Ill., New York and London.
Founded in 2005, Magnetar was built on the belief that new opportunities existed for a firm specifically structured to remove common barriers among various investment styles – like quantitative and qualitative, short and long duration, and beyond.
Our core businesses – Alternative Credit & Fixed Income, Healthcare and Systematic Investing – enable us to cater to a wide-range of investor needs.
We foster a collaborative work environment and supportive culture based on three key values: insight, integrity and passion.
Philanthropically, we’re on a mission to ensure all high school students have access to a quality financial education course.
𝐖𝐡𝐚𝐭 𝐖𝐞 𝐃𝐨:
At Magnetar, we are innovators, dissatisfied with the status quo. We seek to generate tomorrow’s diversifying return streams by challenging today’s investment norms. We embrace the creative challenge of building novel structures that produce positive outcomes for our investors.
We work to identify differentiated opportunities where we believe we can create a strategic advantage by engineering and scaling our processes and attempting to structure our investments to be profitable across a wide array of outcomes. We are purposeful in how we source, analyze, structure and manage the risks of our investments as we seek to achieve quantifiable, repeatable results.
As part of our mission to deliver diversifying returns to investors, we invest growth capital in businesses that drive the real economy. We invest across geographies, in both public and private transactions.
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