John Schneider presents his view on Compliance 2.0

Since the implementation of regulatory programs, such as Dodd Frank in 2010, regulatory requirements and SEC priorities have continued to increase pressure to maintain and enhance compliance programs to keep pace with expectations and best practice.

In the past 6 years’ private fund managers were required to implement and maintain compliance programs pursuant to Dodd-Frank. Some managers have gone through SEC sweeps and exams, and others are still waiting to do so.

The Asset Management industry has reached this inflection point in the continued evolution of compliance activities. This is an ideal opportunity for private fund managers to stay ahead of the regulatory curve to mitigate unwanted regulatory risk and scrutiny.

Key regulatory challenges and demands relevant to the industry include:


The plethora of requirement changes and the continued demands of having a governance and compliance infrastructure that is efficient, effective and flexible is on the minds of many Compliance and Risk professionals.

This evolution has resulted in, the next generation compliance program, Compliance 2.0, the need to reassess and transform compliance through enhanced risk assessment, testing and overall governance.

What does this mean for Asset Managers? It is an ideal time to evaluate the current state of their Compliance practice, and develop a plan to achieve a target operating model for the future state. The determination of the appropriate model is a complex task and will need to take into consideration the following business attributes: growth rate, introduction of additional product strategies, globalization, risk and the current state capabilities.

Alpha have the ability to evaluate your current state and address all of your risks and concerns by utilizing our extensive
knowledge of Dodd Frank and current regulator demands.

About the author

John Schneider, CPA, CFF
Executive Vice President, Head of Alpha’s US Compliance Practice John has over 25 years of experience with a broad range of regulatory and risk management initiatives within the investment management industry. He is a regular contributor to articles from major publications, speaker at various seminars and conferences on pertinent topics and issues relating to regulatory change and requirements.