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- Tasks: Support compliance operations and monitor regulatory risks in a dynamic financial environment.
- Company: Join IQ-EQ, a leading global Investor Services group with a commitment to sustainability and innovation.
- Benefits: Enjoy hybrid working, career development programmes, and a diverse, inclusive culture.
- Why this job: Be part of a team that promotes ethical behaviour and regulatory responsibility while making a real impact.
- Qualifications: 4+ years in compliance or related roles; degree in finance, law, or similar fields required.
- Other info: Contribute to initiatives supporting women in finance and engage with a global workforce across 25 countries.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Home Vacancies Compliance Monitoring & Reporting Associate, Depositary UK
Compliance Monitoring & Reporting Associate, Depositary UK
Job Description
The role holder will be responsible for supporting the effective operation of the second line of defence, ensuring that the regulatory risk and 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, the role holder will prepare recommendations for consideration by the Compliance Officer and/or Risk & Compliance Committee.
They will ensure that all regulatory obligations – including but not limited to CASS, COBS, and SYSC – are clearly documented and that relevant reporting requirements are met in a timely and accurate manner.
The role holder will support the work of the Board-delegated Risk & Compliance Committee for the DepCo by contributing to the preparation of reports, analysis, and insights on key risk and compliance matters. This includes gathering relevant data, identifying trends or areas of concern, and helping to shape the content of materials presented to the Committee in line with its Terms of Reference.
The role holder will support the day-to-day execution of the business’s AML obligations. This includes assisting with AML-related reporting, contributing to the New Business Acceptance process, and supporting ongoing monitoring activities to ensure compliance with regulatory expectations.
The role will also support business operations by reviewing and approving client operational risk assessments at onboarding and during periodic reviews, as well as advising on key risk areas across other core operational functions.
The role holder will support the delivery of a robust and evolving training framework focused on continuous improvement and accountability. This includes contributing to the development and maintenance of training content grounded in core regulatory requirements and informed by ongoing horizon scanning to ensure the programm remains current and relevant.
The role holder will support efforts to embed a strong compliance culture across the business, with a particular focus on promoting awareness and understanding of the Conduct Rules and individual accountability. This includes contributing to initiatives that reinforce the importance of ethical behavior and regulatory responsibility at all levels.
On a day-to-day basis the role holder will be expected to carry out the following:
- Provide subject matter expertiseon technical matters and support the upskilling of others where appropriate.
- Support the development, maintenance, and deliveryof 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 oversightof the training and competency regime, including contributing to the delivery of the overall learning and development plan.
- Assist in ensuringthat appropriate frameworks, policies, procedures, and training are in place to support compliance with SM&CR, AIFMD, and other applicable regulations.
- Contribute to the productionof 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 preparationof internal and client-friendly versions of controls reports.
- Assist in ensuring alignment and compliancewith Group and Regional Risk & Compliance policy requirements.
- Promote a compliance-focused culturewithin the DepCo through active engagement and support.
- Support efforts to ensurethe DepCo team is appropriately resourced to meet regulatory obligations.
- Assist the DepCo Operations teamin the implementation, embedding, and adherence to all new and existing company policies and procedures.
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.
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.
Compliance Monitoring & Reporting Associate, Depositary UK
Location
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Compliance Monitoring & Reporting Associate, Depositary UK employer: IQ-EQ Group
Contact Detail:
IQ-EQ Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring & Reporting Associate, Depositary UK
✨Tip Number 1
Familiarise yourself with the specific regulatory frameworks mentioned in the job description, such as CASS, COBS, and SYSC. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work in financial services. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could lead to an interview.
✨Tip Number 3
Stay updated on current trends and emerging risks in the compliance landscape. This knowledge can be a great conversation starter during interviews and shows that you are proactive about your professional development.
✨Tip Number 4
Prepare to discuss your experience with AML obligations and how you've contributed to compliance training in previous roles. Highlighting these experiences can set you apart as a candidate who understands the importance of a strong compliance culture.
We think you need these skills to ace Compliance Monitoring & Reporting Associate, Depositary UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance, particularly within financial services. Emphasise any specific knowledge of regulations like AIFMD or CASS, and showcase your ability to identify risks and gaps.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about compliance and how your background aligns with the responsibilities outlined in the job description. Mention your experience in preparing reports and supporting compliance frameworks.
Showcase Communication Skills: Since strong communication skills are essential for this role, provide examples in your application that demonstrate your ability to convey complex information clearly, both in writing and verbally.
Highlight Continuous Improvement Initiatives: Discuss any previous experiences where you contributed to training programmes or compliance culture initiatives. This will show your commitment to fostering a strong compliance environment, which is a key aspect of the role.
How to prepare for a job interview at IQ-EQ Group
✨Know Your Regulations
Familiarise yourself with key regulations such as CASS, COBS, and SYSC. Be prepared to discuss how these regulations impact the role and the company, demonstrating your understanding of compliance frameworks.
✨Showcase Your Analytical Skills
Prepare examples of how you've identified gaps or weaknesses in compliance processes in previous roles. Highlight your ability to analyse data and trends, as this will be crucial for the position.
✨Emphasise Communication Skills
Since the role involves preparing reports and presenting findings, practice articulating complex compliance issues clearly and concisely. Be ready to discuss how you’ve effectively communicated with stakeholders in the past.
✨Demonstrate a Compliance Culture Mindset
Be prepared to discuss how you would promote a compliance-focused culture within the organisation. Share any initiatives you've been involved in that reinforced ethical behaviour and regulatory responsibility.
