Upload
others
View
9
Download
0
Embed Size (px)
Citation preview
www.rcaonline.org
Compensation Trends for
Compliance and Legal Executives
March 5, 2019
Senior Practice Fellow:
Jason M.E.Wachtel, Managing Partner, JW MICHAELS & CO.
Guest Lecturers:
David Sawits, Senior Vice President, JW MICHAELS & CO.
John Spinosa, Senior Vice President, JW MICHAELS & CO.
Justin Mandel, Partner, JW MICHAELS & CO.
Michael Winans, Director, JW MICHAELS & CO
2
RCA Mission & Community
NORTH AMERICA
EUROPE
ASIA
AFRICA
SOUTH AMERICA
AUSTRALIA
Exclusive Global Authority for Continuing Compliance
Education (CCE®); Talent Assessment & Development;
Professional Exams; Executive Degree Programs.
RCA Global Metrics
Supporting over 80,000:
• Individuals in Career
Transition
Veterans
Single Parents
• Regulators
• Financial Execs
• Professionals
• Jobseekers
• Millennials
Recognized by over
30,000 senior level
Regulators, Lawyers,
CPAs, Investors and
Financial Institution
Executives
3
Core Verticals
Continuing
Compliance
Education
Professional
Exams &
Certifications
Executive Masters
Degree Programs Talent Assessment
& Development
Recognized & Used by
over 30,000 Regulators,
Institutional Investors,
Compliance Officers,
Legal & Operations
Executives
Governing, Regulating
& Administrating the
Professional
Examination of
Regulatory Counsel,
Regulatory Analysts &
Compliance Officers.
• Executive MS (Master
of Science) in
Compliance
• Executive LLM (Master
of Law) in Regulation
Invest in Your
Future…Position
Yourself for SuccessTM
• Certifying Regulators
• RTAC – Assessment of
Compliance Knowledge
& Skills
• RTEDS - Talent
Management and
Development
RCA Mandate
4
Curriculum
Development
RCA’s CCE® (Continuing Compliance Education) Accreditation requires all course materials to satisfy graduate level criteria within each phase of the academic process: Curriculum Development, Instructional Design & Peer Review.
Instructional
Design Peer Review Accreditation
• Course Materials
(Textbook, Instructional
Aides, etc.)
• Lectures
• Examinations
• Syllabus and detailed
outline
• Entire course offering
• Mandatory annual
review and
accreditation of Course
Materials.
• CPE (Continuing
Professional Education).
• CLE (Continuing Legal
Education).
• CCE® (Continuing
Compliance Education®)
RCA CCE® Accreditation – Refined Over 20 Years
• Independent assessments
of course subject matter.
• Faculty drafted syllabus &
corresponding outline.
• Faculty prepared course
materials.
• Proprietary work product
(forms,
policies/procedures,
contractual language, etc.)
© RCA, 2000-2018, All rights reserved
RCA CCE® Accreditation
7
RCA for Employers Exclusive Global Authority for Continuing Compliance
Education (CCE®); Talent Assessment & Development;
Professional Exams; Executive Degree Programs.
Optimize Your Firm
RTAC™ – RCA’s Talent Assessment
Center
RTEDS™ – RCA’s Talent Enhancement
& Development System
REIS™ – RCA’s Regulatory Exam
Interview System
RTAC™ + RTEDS™ + REIS™ = RCA
Validated Talent Optimization
9
RCA Talent Enhancement and Development System (RTEDS)
Law & Practice
Law
Practice
Operational Process
Cybersecurity
Due Dilligence
Risk Management
Fund Goverance
Valuation
Accounting
Taxation
FACTA
BEPS
Compliance
Process
Surveillance
Supervision
Analytics
Case Management
Risk Assessments
Forensic Testing
Reviews
Remediation
Reporting
Marketing
Disclosure Practices
Client/Customer/IR
Fiduciary Duty
AML
Social Media
Code of Ethics
Trading & Markets
Conflicts
Exams &
Enforcement
Inspections
Examinations
Enforcement
Civil Discovery
Civil Litigation
Investigatory Practice
Criminal Prosecution
Regulation 33 & 34 Act
IA Act 1940
IC Act of 1940
Crypto Currencies
Digital Assets
CTA Regulation
CPO Regulation
AIFMD
UCITS
MiFIDs
EMIR
DOL / ERISA
AML / KYC
Trading & Markets
Insider Trading
Market Manipulation
Systemic Risk
Political Contributions
Whistleblower
FCPA
Anti-Bribery
Sanctions
Anti Trust
HSR
Fortifying Human Capital – Your Firms Greatest AssetTM
10
Automated Regulatory Examination Interview System™ (REIS™)
SEC Examiners NOW interview your personnel to find deficiencies in their
core competencies and skill sets. RCA’s Examination Interview System
(REIS) simulates the interview process to identify and resolve knowledge
gaps by assigning accredited, up-to-date, relevant, targeted, talent
development.
Design &
Deploy
Configures
mock exam
interviews by
subject or topic
for a division,
department,
group or
particular
employee.
The cloud-based
system simulates
the interview
process with a
database of over
15,000 queries
spanning 4500
topics using a “self-
paced”
environment.
Automatically
identifies,
assesses and
evaluates each
employee’s
gaps in core
competencies
skill sets and
knowledge.
11
RCA for Career Advancement
Invest in Your Future… Position Yourself for SuccessTM
Professional
Exams and
Certifications
• CRC (Chartered
Regulatory Counsel)
• CRA (Chartered
Regulatory Analyst)
• Surpass JD &
MBA Graduates
RCA Symposia Executive
Degree
Programs
Continuing
Compliance
Education
• Timely, Relevant
Commentary
• Comprehensive,
Up-to-Date,
Practice Guides
• Over 800 Topics
• Executive MS
(Master of Science)
in Compliance
• Executive LLM
(Master of Law) in
Regulation
• Accredited,
Authoritative
Faculty
• Network with
Industry Leaders
& Senior
Regulators
Financial Services Market Data 2018
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
16
About
JW Michaels & Co. is a specialized executive search firm dedicated to
serving the specialized recruiting needs of top-tier financial services,
legal, technology and business institutions. We place compliance
officers, general counsel, patent counsel, IT, legal and risk
management executives with select investment management firms,
hedge funds, investment banks, law firms and Fortune 500 companies
in every industry.
The scope of our services is always tailored to our client’s individual needs.
With nearly 50 years’ professional recruiting experience, our
commitment to excellence has allowed us to act as a trusted advisor
and partner to help our clients meet their hiring needs by sourcing the
best in professional talent. No matter the role, our recruiting process is
as accurately targeted as possible – exactly what you need from an
executive search agency.
For more information about JW Michaels, contact Jason Wachtel at (646) 346-2454.
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
17
Data Collection
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
The data appearing in this compensation report were collected by comparing invoiced placements made by JW Michaels in 2018. If you have any questions, please contact Jason Wachtel at (646) 346-2454.
18
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
*NOTE: Counsel title optional
**NOTE: Upper end of comp range applies to dual-hatted compliance professionals
C o m p l i a n c e
Firm Size and Type
Title*
Total Compensation / Compensation Range**
Small-Medium Asset Management Firm Compliance Analyst/Associate $80,000 - $120,000 Compliance Officer/VP/Director $150,000 - $310,000 Deputy Chief Compliance Officer $325,000 - $450,000 Chief Compliance Officer $400,000 - $520,000
Large Asset Management Firm Compliance Analyst/Associate $80,000 - $140,000 Compliance Officer/VP/Director $150,000 - $310,000 Deputy Chief Compliance Officer $420,000 - $550,000 Chief Compliance Officer $620,000 - $825,000
Small-Medium Hedge Fund Compliance Analyst/Associate $80,000 - $125,000 Compliance Officer/VP/Director $150,000 - $250,000 Deputy Chief Compliance Officer $250,000 - $410,000 Chief Compliance Officer $425,000 - $525,000
Large Hedge Fund Compliance Analyst/Associate $95,000 - $135,000 Compliance Officer/VP/Director $125,000 - $275,000 Deputy Chief Compliance Officer $350,000 - $500,000 Chief Compliance Officer $520,000 - $1,050,000
Small-Medium Private Equity Firm Compliance Analyst/Associate $125,000 - $200,000 Compliance Officer/VP/Director $225,000 - $310,000 Deputy Chief Compliance Officer $300,000 - $375,000 Chief Compliance Officer $400,000 - $610,000
Large Private Equity Firm Compliance Analyst/Associate $75,000 - $150,000 Compliance Officer/VP/Director $160,000 - $320,000 Deputy Chief Compliance Officer $300,000 - $450,000 Chief Compliance Officer $500,000 - $1,200,000
Banks & Broker Dealers Compliance Analyst/Officer $55,000 - $125,000 Compliance Officer/VP/Director $135,000 - $320,000 Deputy Chief Compliance Officer $375,000 - $510,000 Chief Compliance Officer $525,000 - $850,000
Consulting & Advisory Services Firm Analyst/ Associate $70,000 - $100,000 Manager/Director $150,000 - $200,000 VP/ SVP $255,000 - $370,000 MD/ Partner $400,000 - $500,000
19
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
L e g a l
Firm Size and Type
Title
Compensation Range
Large Asset Management Firm Associate $185,000 - $230,000 Vice President, Sr. Counsel $275,000 - $350,000 SVP, Deputy GC $350,000 - $500,000
General Counsel $800,000 - $1,200,000
Small-Medium Hedge Fund Paralegal/Legal Analyst $75,000 - $90,000 Associate $225,000 - $325,000 AGC & Compliance Officer $250,000 - $350,000 Director of Legal Affairs $350,000 - $450,000
GC & CCO $650,000 - $850,000
Large Hedge Fund Paralegal/Legal Analyst $75,000 - $125,000 Legal Counsel/AGC $175,000 - $400,000 VP, Deputy GC & CCO $350,000 - $650,000
General Counsel $900,000 - $1,300,000
Small-Medium Private Equity Firm Senior Associate, Legal & Compliance $150,000 - $250,000 Vice President, Legal & Compliance $200,000 - $400,000
General Counsel $950,000 - $1,300,000
Large Private Equity Firm VP, Legal & Compliance $250,000 - $300,000 VP, Sr. Counsel $285,000 - $400,000 VP, AGC & Deputy CCO $350,000 - $650,000
GC & CCO $750,000 - $1,000,000
Top Law Firm Counsel (Lateral) $500,000 - $650,000 Partner (from SEC) $600,000 - $650,000
Partner (Lateral) $1,500,000 - $3,500,000
FinTech Financial Institution Senior Counsel, Regulatory $275,000 - $350,000 Counsel, Regulatory $250,000 - $325,000 Corporate Counsel, Payments $230,000 - $280,000
General Counsel $450,000 - $800,000
20
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
Risk
Firm Size and Type
Title
Compensation Range
Large Asset Management Firm Risk Director $240,000 - $300,000
Small - Medium Hedge Fund Quantitative Risk Analyst $95,000 - $125,000 Risk Director $205,000 - $250,000
Chief Risk Officer $750,000 - $1,100,000
Large Hedge Fund VP, Model Risk $165,000 - $220,000 VP, Market Risk $275,000 - $325,000
Large Private Equity Firm Principal, Communications $150,000 - $200,000
FinTech Financial Institution Risk Analyst/Underwriter $50,000 - $90,000
Chief Risk Officer $400,000 - $650,000
21
A c c o u n t i n g a n d F i n a n c e
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
Firm Size and Type Title Compensation Range
Large Asset Management Firm Senior Accountant $110,000 - $170,000 Tax Associate $200,000 - $250,000 Senior Tax Manager $250,000 - $315,000 Controller $500,000 - $900,000
CFO (DIV) $600,000 - $800,000
Small-Medium Hedge Fund Senior Accountant $85,000 - $125,000 Tax Associate $200,000 - $250,000 Senior Tax Manager $250,000 - $315,000 Controller $350,000 - $650,000
CFO $750,000 - $1,100,000
Large Hedge Fund Senior Accountant $75,000 - $125,000 Manager of Finance $125,000 - $160,000
Director of Tax $350,000 - $650,000
Small-Medium Private Equity Firm Senior Accountant $80,000 - $123,000 Tax Associate $200,000 - $250,000 Senior Tax Manager $250,000 - $315,000 Controller $500,0000 - $700,000
CFO $600,000 - $900,000
Large Private Equity Firm Senior Accountant $80,000 - $123,000 Tax Manager $180,000 - $210,000 Consolidations Director $180,000 - $220,000 Senior Tax Manager $250,000 - $315,000
Controller $500,0000 - $700,000
Professional Services Firm (CPA) Associate, Audit $55,000 - $85,000 Senior Tax $85,000 - $110,000 Manager Audit $120,000 - $150,000 Senior Manager $180,000 - $300,000 Director, Audit $225,000 - $325,000
22
I n f o r m a t i o n T e c h n o l o g y
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
Firm Size and Type Title Compensation Range
Small-Medium Asset Management/Hedge Fund Software Developer $120,000 - $200,000 Lead Software Engineer $170,000 - $250,000 Linux/Unix Engineer $165,000 - $200,000 DevOps Engineer $140,000 - $220,000 Network/Systems Admin $120,000 - $170,000 Salesforce Consultant $180,000 - $250,000 Information Security Manager $190,000 - $250,000 Head of Infrastructure $190,000 - $260,000 Head of Application Development $190,000 - $260,000 Chief Technology Officer $190,000 - $260,000
Large Asset Management/Hedge Fund Software Developer $120,000 - $200,000 Lead Software Engineer $170,000 - $250,000 Linux/Unix Engineer $165,000 - $200,000 DevOps Engineer $140,000 - $220,000 Business Analyst $150,000 - $190,000 Network/Systems Admin $120,000 - $170,000 Salesforce Consultant $180,000 - $250,000 Information Security Manager $190,000 - $250,000 Head of Infrastructure $190,000 - $260,000
Large Investment Bank Programmer $90,000 - $130,000 Software Developer $120,000 - $190,000 Lead Software Engineer $150,000 - $220,000 Senior Vice President, Development $220,000 - $270,000 Business Analyst $130,000 - $180,000 Project Manager $130,000 - $180,000
Insurance Company Software Developer $80,000 - $150,000 Lead Software Engineer $120,000 - $160,000 Information Security Manager $130,000 - $150,000
FinTech Firm Software Developer $110,000 - $160,000 Lead Software Engineer $140,000 - $190,000 DevOps Engineer $140,000 - $160,000 Network/Systems Admin $110,000 - $160,000 Chief Information Secruity Officer $180,000 - $260,000 Head of Application Development $150,000 - $300,000 Chief Technology Officer $200,000 - $600,000
23
H R / F r o n t O f f i c e
Small-Medium Asset Management Firm = <$50B AUM Large Asset Management Firm = $50B - $1T+ AUM Small-Medium Hedge Fund = <$10B AUM
JW M i c h a e l s & C o . • 4 4 1 l e x i n g t o n A v e n u e , 1 1 t h F l o o r • N e w Y o r k , NY 10017 • P h : 2 1 2 -9 2 2 -2 8 4 4 • w w w . j w m i c h a e l s . c o m
Large Hedge Fund = $5B - $50B+ AUM Small-Medium Private Equity Firm = <$10B AUM Large Private Equity Firm = $10B - $50B+ AUM
Firm Size and Type Title Compensation Range
Large Asset Management Firm Analyst, Total Rewards & Mobility $70,000 - $90,000
Small-Medium Asset Management Firm Quant Investment Analyst $150,000 - $225,000 Financials Associate $175,000 - $300,000 Healthcare Analyst $200,000 - $400,000
(Senior) Credit Analyst $300,000 - $750,000
Large Wealth Management Firm Head of Talent Acquisition $300,000 - $500,000
Large Hedge Fund HR Analyst, Recruitment Operations $62,500 - $85,000 Recruiting Associate/Coordinator $70,000 - $95,000 HR Strategy & Planning Analyst $95,000 - $125,000 Recruiter $100,000 - $250,000 Tech Recruiter $125,000 - $275,000 Payroll Manager $150,000 - $200,000 Campus Recruiter $150,000 - $350,000 Compensation Partner $200,000 - $300,000 Senior Tech Recruiter $200,000 - $475,000 VP, Engineering Recruiting $250,000 - $300,000 Senior HR Business Partner $250,000 - $400,000
Healthcare Analyst $250,000 - $1,000,000
Small-Medium Hedge Fund HR/Office Manager $50,000 - $65,000 Quant Recruiter $150,000 - $250,000 University Relations Lead $175,000 - $375,000
Tech Recruiting Director $300,000 - $500,000
Large Private Equity Firm AVP/Senior Associate, HR Business Partner $150,000 - $200,000 Senior HR Business Partner $200,000 - $350,000
Global Specialty Finance Co. Senior Analyst, Pricing & Valuation $225,000 - $275,000
24
24
Since 2013, JW Michaels has witnessed a significant amount of compression with respect to Sell Side compliance roles/ positions.
Fewer and Fewer CCO and Deputy Level Positions within Broker-Dealers
Firms are leveraging a greater number of junior compliance officers to “back-fill” where there are coverage gaps traditionally served by Senior Compliance Officers
Firms are seeking “strategic’ guidance from “outsourced” providers for regulatory and compliance guidance related to new products and business expansion
Firms are “outsourcing” many of the day to day “blocking and tackling” requirements due to lack of bandwidth and lack of additional headcount
Sell Side Market Trends
25
Buy Side Market Trends
25
As Sell Side contracts – significant expansion in number of State Registered and SEC Registered Investment Advisers
Smaller Independent Investment Advisers have very limited compliance related resources
Even in instances where a full-time Chief Compliance Officer exists
– that individual is often pulled in many different directions / stretched too thin
As new / recent registrants, Independent Investment Advisers are seeking to “outsource” many of the day to day “blocking and tackling” requirements due to lack of knowledge and bandwidth and lack of additional headcount
Some Independent Investment Advisers look to third party providers to take on outsourced Chief Compliance Officer role and liability
26
Pain Points of Broker-Dealers
26
FINRA New Membership Applications (“NMA”) and Continuing Membership Applications (“CMA”) DOL Fiduciary Rule Guidance
Affiliated Investment Adviser Conflicts of Interest Assessments
Overall Compliance Strategies and Execution
Written Supervisory Policies and Procedures
Annual WSP CEO Certification Reports
Annual Anti-Money Laundering Assessments
Market Access (SEC Rule 15c3-5) Assessments
27
Pain Points of Broker-Dealers (cont.)
27
SEC, FINRA and State Inquiry and Investigation Responses
Advertising and Sales Literature Reviews
Customer Transactions and Employee Personal Trading Reviews
Annual or Periodic Branch and Desk Mock Examinations
Electronic Communications Platform Optimization and E-Mail Reviews
Financial and Operations Principal (FinOp) Support
Annual Compliance Meetings and Firm Element Training
Ongoing Registration Support(Form U-4, Form U-5, Form BD)
28
Pain Points for Investment Advisors & Other Buy Side Clients
28
Applications for Federal or State Registration
DOL Fiduciary Rule Guidance
Affiliated Broker-Dealer Conflicts of Interest Assessments
Overall Compliance Strategies and Execution
Codes of Ethics
Written Supervisory Policies and Procedures
SEC and State Inquiry and Investigation Responses
Marketing Material Reviews
Customer Transactions and Employee Personal Trading Reviews
Rule 206(4)-7 Annual Compliance Reviews and Mock Audits
Annual or Periodic Regulatory Training
Ongoing Registration Support (Form ADV Part 1, 2A and 2B)
Form PF and Form 13F Filings
29
What are the Enterprise Issues Firms are facing?
29
Codes of Conduct
FCPA Programs and Violation Investigations
Internal Corruption Preventative Tactics and Investigations
Third-Party Due Diligence Approaches and Reviews
M&A Corruption Due Diligence
Internal Control Programs
Fraud, Corruption and FCPA Risk Analyses
Ethical Culture Surveys
Conflict of Interest Questionnaires and Assessments
Guidance on Engaging with Regulators
Anti-Fraud, Anti-Corruption and Ethics Training
ISO 37001 Anti-Bribery Program Assessments
Anti-Fraud and Ethics Policies, Procedures and Best Practices
31
Jason Wachtel is the Managing Partner of JW Michaels & Co. and heads up
all business development, operations, and strategic growth initiatives for the firm.
Jointly, Jason is one of the founders and partners of Compliance Risk Concepts
(CRC), and ExecuSource. He serves on the board of the Children Medical Fund at
Cohen’s Children Hospital.
Jason was formerly co-head of an Executive Search division of a national
search firm and built and ran the firm’s Legal and Compliance practice. Prior to that,
Jason worked at a legal and compliance search firm where he was Director of New
Business Development and was in charge of due-diligence related to the Firm’s M&A
activities.
A frequently interviewed expert in the area of compliance hiring, Jason was
recently quoted in The Wall Street Journal and in Thomson Reuters articles
discussing the red-hot market for compliance officers and compensation for Chief
Compliance Officers in investment banks. He received a Bachelor of Science in
Political Science from Syracuse University.
31
Jason Wachtel, Managing Partner, JW Michaels & Co. Compliance Risk Concepts (CRC) & ExecuSource
32
Justin Mandel is a partner JW Michaels & Co. and head of
the General Counsel and Chief Compliance Officer Practice. He also
co-heads JW Michaels’ New York Office. Justin was formerly a co-head
of the Executive Search division of a national search firm and built and
ran the firm’s legal and compliance practice.
Prior to recruiting, Justin worked in real estate development
and consulting, and was a Senior Consultant in the Washington, D.C.
office of PKF Consulting – Hotel Consulting Services. Justin received a
Bachelor of Science (Honors) in Business Administration from the
University of Delaware.
32
Justin Mandel, Partner, Head of General Counsel and Chief Compliance Officer Practice,
JW Michaels & Co
33
David Sawits is Vice President and Head of the Legal
division of JW Michaels. Previously, David was a Vice President of
Legal Placements with a national legal staffing company, where he
supervised a team of search consultants specializing in legal
placement across a broad spectrum of companies and firms
nationwide.
David began his legal career as an Assistant Vice President
and Associate Counsel for a major corporation where he handled
employment- related litigation and negotiated employment contracts
and compensation agreements. In addition to his Juris Doctorate,
David earned his M.B.A. from C.W. Post.
33
David Sawits, JD, Vice President & Head of Legal Recruitment, JW Michaels & Co.
34
John Spinosa, Vice President of Accounting & Finance, JW Michaels & Co
John Spinosa is currently the Senior Vice President of the
Accounting & Finance and Consulting Practices. With almost two
decades of experience in executive recruitment, his primary focus is on
C-Level roles with clients in the alternative asset management space.
Prior to joining JW Michaels, John was a Director at one of the
largest executive recruitment agencies in the world, where he created
and ran operations for various divisions in the Financial Services sectors.
He also co-founded his own boutique executive recruitment firm,
Johnathan Marks and Associates. John holds a B.A. in Finance.
35
Michael Winans, Director, Risk & Treasury Recruitment, JW Michaels & Co
Michael Winans focuses on recruiting for Risk, Treasury, and
Accounting & Finance positions, on both a permanent and contractual-
needs basis. He has successfully worked with Regional Savings Banks,
Broker Dealers, Large BB Investment Banks, FBOs, various Buy-Side
firms, and Fintech clients.
Michael earned his B.S. in Business Management, Human
Resources and minored in Communications, from West Virginia
University.