Job Description
The role holder will be responsible for supporting the effective operation of the second line of defence, ensuring that the regulatory risk and compliance framework across IQ EQ Depositary Company (UK) Limited (“the DepCo”) is implemented, maintained, and continuously improved. This includes identifying gaps, weaknesses, and emerging risks through regular monitoring activities, which serve as an early warning mechanism. Based on these findings, the role holder will prepare recommendations for consideration by the Compliance Officer and/or Risk & Compliance Committee.
They will ensure that all regulatory obligations - including but not limited to CASS, COBS, and SYSC - are clearly documented and that relevant reporting requirements are met in a timely and accurate manner.
The role holder will support the work of the Board-delegated Risk & Compliance Committee for the DepCo by contributing to the preparation of reports, analysis, and insights on key risk and compliance matters. This includes gathering relevant data, identifying trends or areas of concern, and helping to shape the content of materials presented to the Committee in line with its Terms of Reference.
The role holder will support the day-to-day execution of the business’s AML obligations. This includes assisting with AML-related reporting, contributing to the New Business Acceptance process, and supporting ongoing monitoring activities to ensure compliance with regulatory expectations.
The role will also support business operations by reviewing and approving client operational risk assessments at onboarding and during periodic reviews, as well as advising on key risk areas across other core operational functions.
The role holder will support the delivery of a robust and evolving training framework focused on continuous improvement and accountability. This includes contributing to the development and maintenance of training content grounded in core regulatory requirements and informed by ongoing horizon scanning to ensure the programm remains current and relevant.
The role holder will support efforts to embed a strong compliance culture across the business, with a particular focus on promoting awareness and understanding of the Conduct Rules and individual accountability. This includes contributing to initiatives that reinforce the importance of ethical behavior and regulatory responsibility at all levels.
On a day-to-day basis the role holder will be expected to carry out the following:
* Provide subject matter expertise on technical matters and support the upskilling of others where appropriate.
* Support the development, maintenance, and delivery of governance and compliance frameworks and the Compliance Monitoring Plan, ensuring alignment with internal and regulatory expectations.
* Collaborate with the Legal & Compliance and Operations Director in the development and implementation of new policies and procedures.
* Support the oversight of the training and competency regime, including contributing to the delivery of the overall learning and development plan.
* Assist in ensuring that appropriate frameworks, policies, procedures, and training are in place to support compliance with SM&CR, AIFMD, and other applicable regulations.
* Contribute to the production of reports on regulatory and compliance matters and management information (MI), including insights from horizon scanning, as required by the Risk & Compliance Committee and/or Board.
* Support the preparation of internal and client-friendly versions of controls reports.
* Assist in ensuring alignment and compliance with Group and Regional Risk & Compliance policy requirements.
* Promote a compliance-focused culture within the DepCo through active engagement and support.
* Support efforts to ensure the DepCo team is appropriately resourced to meet regulatory obligations.
* Assist the DepCo Operations team in the implementation, embedding, and adherence to all new and existing company policies and procedures.
Qualifications
* 4+ years’ experience in a compliance type role within financial services, or a similar role (i.e. Internal Audit, Control assessments)
* Bachelor’s degree in accounting, finance, law or related field, or relevant professional industry qualifications.
* Experience within the financial services industry, preferably with a knowledge of AIFMD or Asset Management including alternative investment funds.
* Strong time management and organisational abilities.
* Strong communication skills, both written and verbal.
* Ability to work autonomously
Additional Information
OUR COMMITMENT TO YOU AND THE ENVIRONMENT
Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.
There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.
Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,800+ employees - from 94 nationalities, across 25 countries - to each achieve their potential. Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.
We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.