• VP and Compliance Officer, Affordable Housing

    Job Locations US-NY-New York
    Job ID
    3878
    Function
    Legal
    Location Name
    423 West 55th Street
  • Overview

    Related Companies is the most prominent privately-owned real estate firm in the United States.  Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London and Shanghai and boasts a team of over 3,000 professionals. The Company’s existing portfolio of real estate assets, valued at over $30 billion, is made up of best-in-class developments in premier high-barrier-to-entry markets across all asset classes.

     

    Related has dramatically redefined the concept of metropolitan luxury by introducing extraordinary residential rental properties in Boston, Chicago, Los Angeles, San Francisco and New York City. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace.  To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, Related Companies takes great pride in managing every building it owns. Related owns and manages 261 Hudson, 456 Washington, Abington House, The Caledonia, The Easton, The Lyric, MiMA, One Carnegie Hill, One Union Square South, Riverwalk Crossing, Riverwalk Point, The Sierra, The Strathmore, The Tate, Tribeca Green, Tribeca Park, Tribeca Tower, The Westminster and The Westport in New York City (and manages 1214 Fifth Avenue and 89 Murray also in New York City), One Back Bay and The Arlington in Boston, 500 Lake Shore Drive and Landmark West Loop in Chicago, The Emerson in Los Angeles, The Paramount in San Francisco and One Hill South in Washington, D.C. Related also owns an extensive portfolio of workforce and affordable housing and has several new rental developments underway across the country.

     

    For more information about Related Companies please visit www.related.com

    Responsibilities

    Role Summary:

    This role oversees day-to-day compliance matters and provides Related Management executives with strategic insight, guidance and risk awareness associated with regulatory program obligations, program changes, and trends. The individual will have the subject matter knowledge, personal relationships in the industry, and business skills necessary to be able to assess business risks i.e. “smell smoke” as well as to advise on mitigation methods.

    The role may involve Fair Housing Officer responsibilities, as RMC has a national residential building portfolio that is affected by Federal, State and local Fair Housing statutes and regulations.

    This role will report directly to the General Counsel or President with dotted line interface with and residential development executives.

    Location: New York, NY

     

    Core Responsibilities: 

    Industry and Risk Awareness:

    • Stay abreast of all changes in all laws applicable to the real estate industry including but not limited to fair housing, affordable housing, rent regulation, OSHA and other laws, and their interpretations.
    • Notify applicable owner and property management executives by asset class, location or regulatory program of changes in statutory or regulatory guidance that impacts our operating property processes or re-development programs.
    • Focus should be on supporting our reputational risk management efforts, maximizing rent role opportunities within affordable program limitations and minimizing the potential costs associated with the expected naturally occurring errors associated with managing dozens of programs across hundreds of locations with thousands of employees.

    Training:

    • Provide Related’s training team with requirements for singular or upfront training requirements for sites and corporate employees associated with mitigating identified compliance risk factors.
    • Partner with our operations teams and training group in assuring that our front-line staff and their managers have up-to-date, comprehensive, training resources to support their operations in the areas above and others as they are identified.  
    • Review training department reports to assure all required training is being taken as scheduled and notify officers timely if not the case.

    Operating assets:

    • Receive, process responses, track and communicate status of all complaints received from Government Agencies relating to RMC or the sites under its management of any kind.
    • Acting as or assisting RMC’s Fair Housing Officer, provide guidance for all RMC executives on an as needed basis to interpret complex fair housing requests, provide alternative solutions, and assure appropriate, timely responses.
    • Acting as or assisting RMC’s Fair Housing Officer, oversee the review of Section 504 and Fair Housing site logs and assure that no one other than the Fair Housing Officer or the asset owner as applicable is denying accommodations or modifications, and that responses to residents are provided timely.
    • Acting as or assisting RMC’s Fair Housing Officer, review and sign off on website verbiage and photos/graphics/pictures for Fair Housing compliance (applies to condominiums and Related Rentals market rate units as well as all affordable portfolios).

     

    Newly acquired or developed assets:

    • Review and sign off on affirmative fair housing marketing plans and tenant selection plans developed by RMC regional staff for affordable housing assets whether acquisitions or for new construction sites, whether as standalone or part of a mixed income development (does not apply to condominiums or Related Rentals market rate units).
    • Review proposed regulatory agreements as submitted by development and acquisition teams and provide comments timely.
    • Advise owner executives of program layering or other compliance risks associated with proposed executions including potential impacts of pending legislation, regulation or case law.

     

    Other Matters:

    • Serve as resource for RMC for all day-to-day corporate matters.
    • The successful candidate will hone skills that will ensure the ability to step up and manage individual projects while exhibiting both an enthusiasm for team effort and inspirational leadership qualities.  

     

    Benefits and features:

    • Incentive bonus program
    • Training and development programs
    • Benefits including: Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts
    • Employee Recognition & Wellness Programs.

    Qualifications

    • Strong data management skills with significant attention to detail and strong organizational skills;
    • Ability to identify and deal with complex, significant matters that cut across compliance related matters; in particular affordable housing programs;
    • Ability to read, comprehend, and abstract contracts, leases, regulatory agreements, and similar legal documents;
    • Effective communication skills; ability to interface effectively and professionally with executives, owners, asset managers, agency representatives and department staff;
    • Ability to prioritize, track and manage multiple tasks;
    • Ability to work effectively independently and as part of a team of professionals;
    • Strong analytical and problem-solving skills;
    • Ability to review, interpret, and apply government regulations;
    • Proficiency in MS Word and Excel;
    • Section 8/236/LIHTC/Bond/HOME program compliance experience a plus;
    • Smart, hard-working and willing to learn and master new information;
    • Energized by diverse and dynamic working environment;
    • Juris Doctor Degree preferred (with at least 7 years compliance management experience) and Bachelor’s Degree in related field or equivalent.

     

    #CB #CB2

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