Compliance Manager UCITS & US Mutual Funds
The Compliance Manager will report to the Head of Compliance UK and sit in the Compliance Team, overseeing activities related to UCITS funds and US Mutual Funds. Close collaboration with US regulatory consultants and the Chief Risk Officer is expected to address current and emerging regulatory risks.
Responsibilities
- Managing Software
- Line Manager of the Compliance Analyst
- Daily trade, best execution and liquidity monitoring completed by the Analyst
- Dedicated compliance monitoring programme
- Breach monitoring, maintaining breach records and reporting to ACD/other relevant counterparties
- Liaise with US regulatory consultants and oversee periodic US regulatory reporting
- Review financial promotions, marketing and client communications
- Produce risk and compliance reports for the managed funds (OEIC, SICAV, NURS, RIC, Managed Investment Scheme) including agreeing mitigating controls and escalating other risks
- Work with Chief Risk Officer to consider current and emerging high risk and high-profile activities
- Conduct due diligence on ACD and other third-party providers
- Design, implement and periodically review policies and procedures
- Lead meetings and working groups as a representative of Compliance
- Advise on and implement regulatory change with the wider Compliance Team
- Lead on related projects such as corporate acquisitions and integration of software, systems and service providers
- Conduct Training
The role may involve supporting the broader compliance team on other matters of compliance and risk relating to the wider Firm/Group.
COMPETENCIES
- Strong knowledge and understanding of COLL, MiFID II and other relevant sections of the FCA Handbook
- Demonstrable knowledge of Market Abuse legislation and procedures, including gatekeeping
- Knowledge and understanding of the financial Promotions rules
- Knowledge and understanding of liquidity monitoring and liquidity risk management
- Knowledge of ESG, sustainability and climate risk regimes including SDR, SFDR and TCFD
- Knowledge and understanding of US Investment Company Act 1940 and other relevant US securities regulations (to the extent it applies to Registered Investment Companies (RICs)), including investment restrictions and liquidity requirements
- Good product knowledge – UCITS, AIF and RIC products
- Knowledge of the marketing and distribution of the above products in the UK, EEA and overseas jurisdictions
- Strategic thinker to identify compliance risks relevant to the business and prioritise work effectively
QUALIFICATIONS AND EXPERIENCE REQUIRED
Strong academic background, law undergraduate degree preferable but not necessary, ideally including a post-graduate qualification or professional diploma
4-5 years’ experience working with UCITS funds (OEIC, SICAV) and US Mutual Funds at an MiFID investment manager or Collective Portfolio Management Investment Firm
Seniority level
Employment type
Job function
Industries
- Venture Capital and Private Equity Principals and Investment Management
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