Compliance Monitoring & Reporting Associate, Depositary UK

Company Description

ABOUT IQ-EQ 

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.  We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion. We work with 13 of the world’s top-15 private equity firms. 

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.                                            

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 

Job Description

As a Compliance Monitoring & Reporting Associate as part of the Depositary department in UK, you will be responsible for supporting the effective operation of the second line of defence. You will ensure that the regulatory risk & 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, you will prepare recommendations for consideration by the Compliance Officer and/or Risk & Compliance Committee.

What you’ll do

• 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 and Assist the DepCo Operations team in the implementation, embedding, and adherence to all new and existing company policies and procedures.

What we offer

• Comprehensive remuneration and pension: motivating financial packages based upon market rates for your role and is proportionate to your qualifications, level of experiences and skills profile
• Wellbeing: additional social benesfits such as private health and dental cover, life assurance, discounted gym membership, eye test and corporate GP
• Annual leave: our employees are entitled to 25 days paid leave plus all UK public holidays
• Enhanced maternity and paternity, including shared parental leave and adoption leave
• Flexible working: we recognise the value of working flexibly and want to ensure all employees enjoy an excellent work-life blend. As such, we are open to conversations with employees related to setting up flexible working arrangements.

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.