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Compliance Specialist - Investments
mid · Risk & Compliance
Company:
MercerDescription:
What can you expect:
Mercer Investments is Mercer’s investment management arm which manages in excess of US$650bn globally. The European Investment management business (Mercer Global Investments Europe Limited or “MGIE”) was established in 2006 and currently manages assets in excess of $180bn. Investment is via Mercer’s Irish domiciled fund range (the “Mercer Funds”) managed by Mercer Global Investment Management Limited, a UCITS Management Company and AIFM, which consists of 100+ Irish domiciled sub funds across five umbrella structures, as well as external funds and segregated mandates.
The business has experienced significant growth over the last 10 years and with a strong pipeline of activity, this looks set to continue for the foreseeable future. This growth has involved new client on-boarding, as well as more recent inorganic growth across the broader Mercer Investments group, and has seen the business further enhance its product and service offering and its position in the market.
Mercer’s Compliance Department protects Mercer’s reputation and provides advice to the Company. It understands, challenges and advises on the impact of regulation in our business, with the objective of:
- Actively participating in business decisions to champion our clients’ interests
- Collaborating with the business to position Compliance centrally in their daily work;
- Ensuring securing client interests is at the centre of everything we do;
- Cultivating and enhancing the compliance culture within Mercer;
A Compliance Specialist role has become available on the MGIE Compliance Team. This role will fall under the Central Bank of Ireland (“CBI”) Fitness and Probity Regime, and the successful candidate (subject to the completion of due diligence) will hold a CF2 role - Ensuring, controlling or monitoring compliance by a regulated financial service provider with its relevant obligations. As a CF2 role holder, you will also be subject to the Common Conduct Standards under the Individual Accountability Framework.
The roleholder will report to a Senior Compliance Manager who reports to the MGIE Chief Compliance Officer (CCO) and be responsible for assisting in the oversight and management of regulatory and other risks in respect of Mercer’s Investments business in Ireland and other jurisdictions relevant to that business, including its branches in Germany and Sweden.
We will rely on you for:
- Monitor investment restriction and guideline breaches arising in respect of the Mercer Funds in Ireland, including sustainability related commitments across the platform.
- Perform reviews and consider potential investment vehicles against the relevant regulations and fund documentation in relation to the Mercer Funds and other portfolios.
- Liaise with the fund manager in relation to investment issues on the Mercer product range.
- Support regular liaison with the depositary of the Mercer Funds, maintenance of logs and review of regulatory reports.
- Monitor quarterly investment management questionnaires and oversight of due diligence of investment managers.
- Assistance in the review of fund documentation ahead of launch and on an ongoing basis.
- Roll out, tracking and review of quarterly employee declarations and oversight of the personal trading monitoring system.
- Develop and maintain policies and procedures supporting a culture of integrity, risk management and excellence in the Investments business in Ireland.
- Assist with the identification of potential risks and financial services compliance issues associated with new products, services and jurisdictions in the Investments business.
- Review and approve marketing materials/RFPs for the Mercer Funds and regulated investment activities.
- Prepare various reports for senior members of the Investment business (as needed).
- Support the governance process relating to the Investments business and the entities that host this (most notably the Risk Committees and the Board).
- Conduct periodic compliance monitoring assessments of the business and where necessary, any third party providers.
- Developing and conducting periodic training for Investments personnel relating to regulated activities.
- Assisting with the management of regulatory matters and compliance issues, including correspondence with regulators, overseeing regulatory examinations; implementation of new regulations etc
What you will need to have:
- Highly motivated with a passion for compliance in the asset management/investment funds industry.
- A broad understanding of legal and regulatory requirements related to the operation of MGIE. This includes Irish (and EU) Investments regulation in particular MiFID and UCITS & AIFMD related to the Mercer Funds for which MGIE acts as Investment Manager..
- Good knowledge of fund structures, different fund types and different assets class would be an advantage.
- Minimum of three year’s investment compliance experience.
- Takes initiative and ownership of responsibilities assigned.
- Ability to prioritize activities while working on multiple tasks and achieve target deadlines.
- Ability to work effectively within a small, fast growing team and assist in the development of that team.
- Strong interpersonal skills to communicate with internal and external stakeholders at all levels.
- Fluent English essential.
What makes you stand out:
- Fund Compliance experience particularly advantageous.
- A current role in the Risk, Audit or Compliance group of an asset management/regulatory advisory firm would be valued.
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can collaborate with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities.