Gaining Real-World Experience: Compliance Internships and Externships

Institute for Compliance

Internships/externships in compliance departments are crucial for training students so they acquire a strong background in compliance, including the real-word, everyday experience of how compliance departments function and the types of issues that they handle. The Institute for Compliance seeks to foster and find such opportunities for IIT Chicago-Kent students. 

If you are an employer or student interested in discussing possible internships, please contact Professor Felice Batlan (fbatlan@kentlaw.iit.edu) or Abby Eisenberg (abby.eisenberg@kentlaw.iit.edu).

 

Vivaldi Capital Management Compliance Intern  - Chicago, IL

The Compliance Internship will offer significant exposure to issues associated to Registered Investment Companies as well as operators of both private and public registered funds. Prospect will work directly with the Chief Compliance Officer, Chief Operating Officer, compliance consultants and attorneys to monitor compliance program and continually refine policies and procedures. The position requires the prospect to take initiative, research relevant topics and share findings with the firm's partners. Attention to detail, intense organizational skills and a high degree of computer literacy are required.  

SCOPE AND RESPONSIBILITIES:

  • Assist in implementing and executing new policies and procedures.
  • Get-up-to speed on all 33-Act, 40-Act and JOBS Act amendments
  • Participate in other duties and special projects as requested by Chief Compliance Officer
  • Participate in other duties and special projects as requested by Chief Operating Officer

EXPERIENCE / SKILLS REQUIRED:

  • Extreme organizational skills
  • Deliver on multiple projects at once.
  • Ability to take ownership, solve problems and raise issues.
  • Ability to learn proprietary software and databases. 

Please send Resume and cover letter to Chad Eisenberg.

 

Simon Compliance

Simon Compliance offers a great and intellectually challenging work environment. Merging legal and consulting services, Simon Compliance's streamlined, cost-effective model helps create custom-tailored compliance programs designed by former regulators. Simon Compliance believes in giving answers, providing education and collaborating with its clients to meet their compliance needs now and in the future. Simon Compliance is an Equal Opportunity Employer for all, including minorities, women, protected veterans and disabled. The successful intern candidate will work with the Firm's attorneys and staff to draft compliance documents, SEC filings and other special projects as assigned.

Essential Responsibilities

  • Provide support to the Firm's Attorneys, Operations Manager, and administrative staff
  • Templating and drafting compliance documents, SEC filings, and other various documents
  • Researching securities issues and updating the Firm's current research materials
  • General office support and special projects as assigned

Qualifications/Requirements Basic Requirements:

  • Minimum overall GPA of 3.0.
  • Must have completed at least one year of law school
  • Must be able to work a minimum of 25 hours per week
  • Be available to work during summer 2018

Desired Characteristics:

  • Proficient with Microsoft Office based programs (Excel,PowerPoint, Word)
  • Strong written and verbal communication skills
  • Strong attention to detail
  • Knowledge of Federal Securities Laws, Blue Sky Laws, and the Investment Advisers Act preferred but not required


Please send resume and cover letters to Abby Eisenberg and she will forward.

 

Financial Industry Regulatory Authority (FINRA)

The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Fall 2017 Extern Program opening in Chicago, IL. Externs will work with a team of Regulatory Analysts to review, analyze and investigate trading activity on major U.S. equity exchanges to identify violations of relevant rules and regulations, including federal securities laws and regulations, FINRA rules, and exchange rules.  This is introductory-level professional work, in which incumbents are training for roles within market regulation, learning job-related skills, and working under direct instruction.

If interested, please apply here.
 

Nielsen 

INTERNSHIP PROJECT: CORPORATE SUPPLY CHAIN RISK AND COMPLIANCE: GENERAL PROTECTION DATA REGULATION And COMPLIANCE.  This is a 40-50 hour research project for a major corporation. The student must enroll for a one-credit independent project with Professor Batlan. For more information contact Prof. Batlan at fbatlan@kentlaw.edu
 

William Harris Investors, Inc. - Legal & Compliance Intern 

William Harris Investors, Inc. (“WHI”) is an SEC-registered investment adviser and the family office for four generations of the family of Irving B. Harris and certain other high net worth individuals. The office manages the investment, estate planning, tax and other financial affairs of its Harris family clients, including managing a variety of private investment funds in which office clients and others are invested.  WHI has one in-house attorney who serves as General Counsel and Chief Compliance Officer, handling all legal and compliance-related matters for the firm. WHI is located at 191 N. Wacker Drive, Suite 1500, Chicago, IL  60606.

WHI is looking for a Legal and Compliance Intern to assist the General Counsel/Chief Compliance Officer on a part-time basis for at least the next several months.  The number of work hours is flexible, but should be at least [10] hours per week.

During the first quarter of 2017, WHI updates its SEC Form ADV disclosure documents, its SEC Form PF, and its Supervisory Procedures Manual and Code of Ethics.  In addition, each of WHI’s managed funds produces annual financial statements for review and comment as part of auditing procedures.  The CCO will also be conducting an Annual Compliance Review as required by SEC rules.  The Intern will take an active role in each of these projects, working with the General Counsel/CCO and other Fund Services and administrative personnel at WHI. 

WHI’s General Counsel is also involved in matters outside the compliance arena, including review of client investment documents, fund management and administration, and client service projects.  There will be opportunities to assist in these projects as well.

WHI has entered into a joint venture with another SEC-registered investment adviser to provide investment management, administrative and seed funding for emerging alternative asset managers.  The General Counsel is involved in substantially all aspects of the joint venture, which generates projects in multiple areas, including private and public fund structuring and management.  There will be opportunities to participate and assist in these projects as they arise.

Resumes and inquiries should be directed to Marc Bassewitz, Vice President, General Counsel and Chief Compliance Officer, at WHI’s address above, or via email to mbassewitz@whi.com.

 

OneChicago - Internship 

OneChicago, a single stock futures exchange regulated by the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC). We list for trading futures contracts overlaying single name equities, such as common stock and ETFs. Our products are used for a variety of purposes including synthetic exposure to the underlying equity, securities lending, or equity finance.  Our market participants are diverse, and include retail investors, institutions, hedge funds, and investment banks.  As a highly regulated entity, we have an obligation to comply with the Commodity Exchange Act and Securities Exchange Act, as well as to ensure that our market participants are complying with our exchange rules.

Types of Work

  • Assisting with market surveillance of trading activity on the exchange
  • Assisting with investigations of potentially violative trading activity
  • Assisting with rule change filings with the CFTC (40.6 filings) and SEC (19b-7 filings)
  • Assisting with responding to regulatory inquiries when these issues arise
  • Legal research involving securities and commodities laws, as well as tax issues and from time to time general employment law topics
  • Contract drafting and negotiation
  • Help ensure that exchange practices are complying with federal law and industry best practices 

Hours are flexible. Students must register for a one credit independent study with Professor Batlan

No cover letters are needed.  Resumes can be sent to wbarazi@onechicago.com
 
We prefer students in the top third of their class and whose resumes demonstrate a commitment to or strong interest in working in financial services.  Must know how to use MS Word and at least a basic understanding of MS Excel 

 

EquiTrust Life Insurance Company - Legal Clerk/Intern

EquiTrust Life Insurance Company provides annuities, life insurance policies, and financial services. Employee will assist the EquiTrust legal team with research, regulatory compliance work, and and insurance policyholder work. Employee will also have the opportunity to work with EquiTrust's investments team. Employee will work 15-20 hours a week.

Please send resume, cover letter. and unofficial transcript to: olivia.carberry@equitrust.com

Chicago Stock Exchange

Internship Opportunity with the Chicago Stock Exchange this semester. Interested students should email Jeffrey Martensen.

Ativo Capital Management Fall Internship

Ativo is offering a hands-on internship opportunity to learn the workings of an investment advisor compliance program. The intern would assist with testing the firm's policies and procedures (ex. periodic, transactional, and forensic), enhancing the firm's surveillance program, and leading compliance and operations projects. The internship is offered as "for credit."

An undergraduate background in finance or accounting is preferred but not required. Interested applicants should send a resume and cover letter to Eric Pucek.

Morningstar Legal Internship

The legal department at Morningstar is looking for a Legal Intern to work on a variety of tasks. The internship is open to students completing their first year of law school who can work 20 to 25 hours per week during the school year. This is a great opportunity to learn both how an in-house corporate law and compliance department functions, as well as how law school classroom material translates into real-world practice.

You can find more information here.
Click here to apply.