Compliance Advisory – Alternatives recruitment
Key responsibilities/ elements of role will depend on the individual, and the role is highly flexible, but it may include:
- Working in partnership with the various business areas to provide timely and proactive regulatory advice on day to day issues.
- Working on business lead and/or compliance focused projects, including for example business initiatives, compliance monitoring projects and new regulation. This can include working as part of a larger working party or a small focus group to achieve a project goal.
- Assisting with new product initiatives and taking responsibility for providing regulatory compliance sign off for product launches and product changes, including the review of fund documents and key risk factors, the production of internal Fund Manager Guidelines, which set out the regulatory, mandate and internal restrictions that Portfolio Managers must adhere to.
- Liaising with portfolio managers and other investment staff including dealers on regulatory matters including advising on eligibility of instruments against the fund or mandate restrictions, business conduct, regulatory change, interpretation of current regulation and application of the company's compliance policies e.g. conduct of business, dealing and managing, allocation/execution, inside information and short selling.
- Liaison with other a wide variety of the company's business units, external parties, third party providers, Auditors, Trustees, Boards and regulators with regards to processes, policies or breaches.
- Representing the Compliance team at client or trustee due diligence visits and where required, co-ordination of routine or ad-hoc regulatory reporting, for instance, FSA Hedge Fund survey, AIFMD reporting and input to industry best practice e.g. Hedge Fund Standards Board.
- Review of a wide range of financial promotions (incl. Advertisements /brochure-ware /internet /presentations etc.).
- May be required to work on across other compliance projects and initiatives and with other compliance teams (Firm wide or business units training, procedures embedding etc.)
The successful candidate will be an experienced compliance professional with a good knowledge of asset management activities (Hedge Funds, Fund of Hedge Funds, Private Equity or Real Estate) and operations, which should ideally include knowledge of COBS, trading processes, instrument and market risks, regulatory reporting (FSA Hedge Fund survey), AIFMD, HFSB standards, private placement and marketing rules.
April 24, 2012
• Tags: Alternatives recruitment, Compliance, Compliance Advisory, Legal careers in the UK • Posted in: Financial