Compliance Monitoring Manager

Job Description

The main purpose of the role is to monitor the activities of a portfolio of high risk Appointed Representatives (“ARs”) and AIFs, as well as DPM activities, such that risks can be assessed and managed. In particular:

  • Promoting positive engagement with the FCA including contributing to the preparation of responses to FCA requests.
  • Support the preparation of SUP15 and other communications with the regulator.
  • Promoting positive engagement with the FCA including managing or contributing to FCA requests, such as s165.
  • Carry out ongoing monitoring as per the CMP - completing work to a high standard in a timely manner, identifying risks and providing recommendations for resolution.
  • Carrying out ongoing monitoring as per the CMP. Focus will be on managing the high risk ARs as well as supporting the associate/analyst staff with their portfolio of ARs.
  • Undertake monitoring reviews of AIFs, including AIF governance and oversight, investment management activities, including DPM in line with AIFMD and FCA Handbook.
  • Contribute to the updating of the risk-based compliance monitoring framework to ensure adequate identification, assessment and monitoring of regulatory risks.
  • Able to interpret complex regulatory standards and turn them into monitoring framework or testing papers in supporting the monitoring of AIFs and ARs. 
  • Line management responsibilities, including supporting and mentoring junior members of the team.
  • Overseeing timely delivery of monitoring objectives and escalating to the Head of monitoring issues.
  • Developing deep relationships with the portfolio of ARs and meeting their needs; escalating issues and identifying offboarding risks where appropriate.
  • Identifying risks and producing management information (MI) for the Compliance Committee.
  • Undertake the data collection required to undertake the AR risk-assessments.
  • Collaborating with colleagues from across RegCom and the wider IQ-EQ group.
  • Assisting with the development and delivery of the business plan for the Monitoring team and contributing to meeting team objectives.
  • Enhancing own understanding of regulatory landscape and offering learning opportunities and coaching to others.
  • Taking responsibility for own progression including learning & development objectives.
  • Following the set policies and procedures around managing conduct risk and appropriate AR oversight.
  • Adhering to all company and IQ-EQ Group policies and procedures.

Qualifications

  • Detailed experience in a monitoring role within a regulatory host or asset manager is necessary.
  • Bachelor’s degree in accounting, finance, law or related field, or relevant professional industry qualifications.
  • Experience within the investment fund industry, with a knowledge of AIFMD including policies and processes for alternative investment funds, and wealth management policies and processes.
  • Strong time management and organizational abilities.
  • Strong communication skills, both written and verbal.

Key competencies

  1. Can-do mentality.
  2. Keen awareness of risk management and risk control.
  3. Technical expertise and strong understanding of UK regulatory framework.
  4. Well organised, good documentation skills, persistent.
  5. Teamwork and leadership.
  6. Relationship building with internal and external stakeholders.
  7. Integrity and honesty.
  8. Cultural role model.

Additional information

At IQ-EQ we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations. With a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.


Company description

IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients operating worldwide.

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