Job Description

Company Overview

Pugh Capital Management, Inc., founded in Seattle in 1991, is proud to be 100% employee- and founder-owned. Our culture emphasizes inclusivity, teamwork, and excellence. We believe that diverse perspectives lead to better outcomes for our clients, our team, and the communities we serve. We specialize in active fixed-income portfolio management for U.S.-based institutional investors and manage over $13 billion in assets. Our mission is to deliver exceptional client service and fixed income products across the credit and maturity spectrum through a disciplined and thoughtful approach to people, investments, and business management.

Pugh Capital has built a firm that attracts, develops, inspires, and retains exceptional and diverse talent. We hire and cultivate skillful and diverse professionals that are collaborative, community oriented and client centric. We aspire to be a firm that employees view as “Best Places to Work” and clients view a best firm to work with.

We are looking for an energetic and self-motivated person who wants the opportunity to join a growing boutique fixed income investment firm. This role requires someone who is comfortable working in a highly collaborative and intellectually stimulating environment and who seeks to constantly grow, make an impact and evolve. Our firm has a culture of compliance that we seek to maintain and evolve in service to our clients, employees, and stakeholders.

Job Description

As the Chief Compliance Officer or Senior Compliance Officer, you will be responsible for RIA compliance, compliance analysis and programs, suitability rules, private fund compliance, and procedures to meet the requirements set by the Securities and Exchange Commission and the Advisors Act of 1940. This role requires an individual that enjoys “hands on” compliance work and is highly effective in a collaborative work environment.

Areas of Responsibility

• Overall responsibility for the design, implementation, and effectiveness of the firm’s compliance program including policies, procedures and training programs

• Administer the compliance program and monitor the regulatory environment to identify compliance initiatives for any needed changes

• Implement the firm’s compliance risk management framework and conduct regular compliance risk reviews and testing to identify and mitigate potential risk

• Conduct compliance reviews and testing of employee personal trading, firm portfolio trading (trade allocation and best execution), etc.

• Review marketing materials, identify any changes needed to marketing materials to comply with the new marketing rule and GIPS requirements

• Oversee compliance with federal, state, and local requirements for marketing to government clients and track requirements to avoid exceeding limits

• Participate in due diligence meetings with clients, consultants and prospects, and prepare written responses to due diligence questions

• Oversee any portfolio fair valuations, trade errors, or operational errors to ensure proper documentation and compliance with policies

• Serve as the primary regulatory contact and coordinate and respond to regulatory examinations and inquiries

• Manage regulatory inquiries and examinations and work with the appropriate teams to prepare responses, and undertake training to prepare team for potential examinations

• Manage regulatory filings including Form ADV, Form PF

• Review investment management agreements for compliance requirements, and review client guideline programming in the order management system for accuracy of programming

• Support cybersecurity, disaster recovery, business continuity, and similar activities

Required Skills / Responsibilities

• Bachelor’s Degree and minimum 10 years of relevant experience in compliance

• Strong knowledge of the Investment Advisers Act and ERISA

• Demonstrated leadership and ability to operate as a one-person compliance department with support from the General Counsel and others

• A curious learner who is willing to continually enhance expertise to address rapid industry changes and heightened oversight in the current regulatory environment

• Ability to exercise discretion, independent judgment, and act with integrity in personal and professional activities especially with confidential information

• Excellent analytical, communication, presentation skills (internal and to clients)

• Strong written and verbal communicator, with great attention to detail and accuracy

• Well organized with the ability to handle multiple tasks and multiple priorities simultaneously

• Investment Adviser Certified Compliance Professional (IACCP) designation preferred

• Ideally strong project management and process improvement skills

• This role is a hybrid role so the candidate must live within driving distance of our Seattle office

Salary Range for this position

A reasonable estimate of the current base salary range for this position is $165,000 – $200,000 with the exact amount driven by several factors including relevant experience, knowledge, education, and the degree to which the candidate meets the role requirements and qualifications. This position would also be eligible for competitive benefits such as healthcare, retirement savings program, vacation, and other benefits.

Pugh Capital Management is an equal opportunity employer, which means we comply with all federal, state, and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employer, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender, gender expression and gender identity), pregnancy, age, physical or mental disability, medical condition, genetic information, sexual orientation, military or veteran status or any other characteristic protected by federal, state or local law.

If you are interested in applying for this job, please send your resume and cover letter to Jean-David Larson at careers@pughcapital.com.

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