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