Fund Investment Compliance, Associate 1
Job Description
Who we are looking for
Reporting to the Fund Investment Compliance Officer (“FCO”), the Fund Investment Compliance Analyst (“FCA”) supports the investment compliance monitoring functions entailed by the services contracted by our clients and/or the Branch’s depositary duties.
The FCA assists in the process of reviewing investment guidelines in prospectuses or operating memorandum and as per UCITS or AIF directives/regulations, identifying changes to the current set up, maintaining the funds’ guidelines documentation, and preparing and releasing the related client reports.
The FCA also assists in the set-up of new businesses consisting in the follow up of scheduled new deals and ensuring timely completion of the related tasks with due regard to the department’s internal procedures.
The FCA also helps furthering the legal knowledge base of the team by keeping up with regulatory changes and identifying the needed updates to the regulatory restrictions or new ones to be implemented. A key responsibility of the FCA is to ensure that a clear trail is documented at all stages of the update process.
Ancillary tasks of the FCA are to support the operational teams during short staffing situations. These tasks include the review of the funds in our automated system Charles River Investment Management Solution© (CRIMS) and the analysis of exceptions for subsequent client reporting if applicable. All of the above tasks are carried out with the outmost objective of delivering quality service to our clients and ensuring that all deadlines are met.
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Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer - across all of our locations, products, and capabilities.
Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.
What you will be responsible for
As Fund Investment Compliance Analyst will be responsible for, amongst others:
Regulatory updates
Keeps up with up-to-date information regarding UCITS regulatory changes.
Interacts with the team and helps channeling any amendments in the compliance set up.
Maintains related procedures.
Prospectus Reviews
Follows up timely on requesting new Prospectus or investment guidelines to clients.
Logs the related update task in the tracking application.
Conducts review of Prospectus for updated set up of compliance testing.
Reflects updated testing in the dedicated files.
Compliance Matrices
Ensures that the compliance matrix is completed and reviewed properly.
Ensures that checks in the automated system are set up as outlined in the compliance matrix. Follows up that new or amended tests are identified and timely developed.
Delivers the compliance matrix to clients and stand ready to assist client queries in relation to the applied testing.
Compliance Monitoring
Reviews CRIMS for assigned funds and analyses all exceptions identified by the system in order to assess their active, passive or non-breach nature.
Prepares client e-mails and obtains a sign off from the FCM for any notification sent to client. Following review, sends the e-mails to the clients.
Promptly raises concerns to the FCM if he/she identifies or suspects an error in any of the reports or lists that he/she is using e.g. a system rule is incorrect.
What we value
These skills will help you succeed in this role:
COMMUNICATION - Communicates effectively and efficiently with clients, colleagues, managers and other Departments.
ORGANISATION - Shows good organizational skills in order to meet deadlines and to keep well-documented records.
ABILITY TO RESOLVE COMPLEX PROBLEMS - Demonstrates the ability to analyze a problem and obtain and evaluate information to reach sound conclusions. Knows when to elevate a problem and keep management informed.
RESPONSIVENESS - Provides timely and professional responses to all client related and internal enquiries.
FLEXIBILITY - Shows a flexible approach to prioritize and execute tasks within an efficient time management.
TEAM PLAYER - Functions at all times as a team player to build an atmosphere of co-operation within the group.
OWNERSHIP - Shows strong sense of ownership and accountability with a proactive approach to problem-solving
Education & Preferred Qualifications
Degree in Finance, Business, Legal, Business Informatics or equivalent.
Minimum of 1 year of experience in fund compliance or related experience within the financial services industry.
Experience in rule coding based on the automated Fund Compliance tool Charles River Investment Management Solution© (CRIMS), is a strong advantage.
Strong knowledge of UCITS IV, the Luxembourg fund industry, and the regulations/directives related to investment compliance monitoring is a strong advantage.
Language: English
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t
necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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