Fund Investment Compliance, Senior Associate

Job Detail

Career Level Officer
Experience 4 Years
Industry Finance
Qualifications Master’s Degree

Job Description

Job description

Who we are looking for

Reporting to the Fund Investment Compliance Officer (“FCO”), the Fund Investment Compliance Analyst (“FCSA”) supports the investment compliance monitoring functions entailed by the services contracted by our clients and/or the Branch’s depositary duties.

The FCSA assists in the process of reviewing investment guidelines in prospectuses or operating memorandum and as per UCITS or AIF directives/regulations, identifying changes to the current set up, maintaining the funds’ guidelines documentation, and preparing and releasing the related client reports.

The FCSA also assists in the set-up of new businesses consisting in the follow up of scheduled new deals and ensuring timely completion of the related tasks with due regard to the department’s internal procedures.

The FCSA also helps furthering the legal knowledge base of the team by keeping up with regulatory changes and identifying the needed updates to the regulatory restrictions or new ones to be implemented. A key responsibility of the FCA is to ensure that a clear trail is documented at all stages of the update process.

Ancillary tasks of the FCSA is to support the operational teams during short staffing situations. These tasks include the review of the funds in our automated system MIG21 and the analysis of exceptions for subsequent client reporting if applicable. All of the above tasks are carried out with the outmost objective of delivering quality service to our clients and ensuring that all deadlines are met.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

As Fund Investment Compliance Senior Associate you will be responsible for, amongst others:

Regulatory updates

Keeps up with up-to-date information regarding UCITS regulatory changes.
Interacts with the team and helps channeling any amendments in the compliance set up.
Maintains related procedures.

Prospectus Reviews

Follows up timely on requesting new Prospectus or investment guidelines to clients.
Logs the related update task in the tracking application..
Conducts review of Prospectus for updated set up of compliance testing.
Reflects updated testing in the dedicated files.

Compliance Matrices

Ensures that the compliance matrix are completed and reviewed properly.
Ensures that checks in the automated system are set up as outlined in the compliance matrix. Follows up that new or amended tests are identified and timely developed.
Delivers the compliance matrix to clients and stand ready to assist client queries in relation to the applied testing.

Compliance Monitoring

Reviews MIG21 for assigned funds and analyses all exceptions identified by the system in order to assess their active, passive or non-breach nature.
Prepares client e-mails and obtains a sign off from the FCM for any notification sent to client. Following review, sends the e-mails to the clients.
Promptly raises concerns to the FCM if he/she identifies or suspects an error in any of the reports or lists that he/she is using e.g. a system rule is incorrect.

What we value

These skills will help you succeed in this role:

COMMUNICATION – Communicates effectively and efficiently with clients, colleagues, managers and other Departments.
ORGANISATION – Shows good organizational skills in order to meet deadlines and to keep well-documented records.
ABILITY TO RESOLVE COMPLEX PROBLEMS – Demonstrates the ability to analyze a problem and obtain and evaluate information to reach sound conclusions. Knows when to elevate a problem and keep management informed.
RESPONSIVENESS – Provides timely and professional responses to all client related and internal enquiries.
FLEXIBILITY – Shows a flexible approach to prioritize and execute tasks within an efficient time management.
TEAM PLAYER – Functions at all times as a team player to build an atmosphere of co-operation within the group.

Education & Preferred Qualifications

Degree in Finance, Business, Legal or equivalent.
Minimum 4 years’ experience working in fund compliance
Use and rule coding based on the automated Fund Compliance tool MIG21©
Experience working in Charles River
Be a champion in UCITS IV, Luxembourg Fund Industry and regulations, directives etc. pertaining to investment compliance monitoring.
Language: English (German and French would be a definite advantage)