Compliance Officer, IAS / Registered Funds - Associate

iCapital
Salt Lake City, UT
On-site

Who this role is best for

Geared toward compliance professionals with registered fund experience comfortable with SEC regulatory frameworks and cross-functional collaboration.

Best fit for

  • Candidates with hands-on registered fund compliance experience and strong SEC regulatory knowledge
    — “hands-on registered fund compliance experience and can independently manage key responsibilities”
  • Individuals who can translate complex regulations into actionable business guidance
    — “translate complex regulatory requirements into practical business guidance and effective compliance controls”
  • Professionals with a background in legal or regulatory fields and familiarity with fund service providers
    — “familiar with the Investment Advisers Act and adviser compliance requirements”

Things to consider

  • Office-based work is required for four days a week in Salt Lake City, with limited remote flexibility
    — “Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.”
  • This role involves frequent collaboration with Legal, Marketing, and other departments
    — “partnering effectively with Legal, Marketing, Fund Management, Investments, Finance, and Product.”

How to stand out

  • Highlight experience with SEC examinations and sub-adviser oversight in your resume and interview responses
    — “Support SEC examinations and regulatory inquiries, including document production and preparation of responses.”
  • Emphasize your ability to manage compliance responsibilities independently and with sound judgment
    — “Able to manage assigned compliance responsibilities, exercise sound judgment, and escalate potential issues appropriately”
  • Demonstrate your ability to interpret and apply the Investment Company Act of 1940 and Rule 38a-1 in practice
    — “Strong knowledge of the Investment Company Act of 1940 and Rule 38a-1”
  • Showcase your experience with registered closed-end funds and alternative investments in your application materials
    — “Experience with registered closed-end funds, interval funds, alternative investments, or private-market strategies is preferred”
  • Demonstrate strong written and verbal communication skills in your interview responses
    — “Strong analytical, organizational, written, and verbal communication skills”
Pace · SteadyCollaboration · HighAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

  • support the compliance program for registered investment companies
  • review registered fund filings and marketing materials
  • assist with regulatory risk assessments
Typical background
2-4 years of compliance, legal, regulatory, audit, or financial services experience

Skills & requirements

Required

Registered Fund ComplianceRegulatory OversightCompliance TestingMarketing ReviewAdvising On Regulatory Matters

Preferred

Experience With Compliance TestingSEC ExaminationsService-provider Oversight

Stack & domain

Registered Fund ComplianceRegulatory OversightCompliance TestingMarketing ReviewAdvising Business PartnersLegalRegulatoryAuditFinancial ServicesStrong AnalyticalOrganizationalWrittenVerbal CommunicationManage Assigned Compliance ResponsibilitiesExercise Sound JudgmentEscalate Potential Issues AppropriatelyTranslate Complex Regulatory Requirements Into Practical Business Guidance And Effective Compliance ControlsFinance

About the role

Original posting from iCapital via Greenhouse

About the Role 

iCapital is seeking a Registered Funds Compliance Associate to support the compliance program for its registered fund platform. This role will focus on regulatory oversight, compliance testing, marketing review and advising business partners on matters arising under the Investment Company Act of 1940 and Investment Advisers Act of 1940. The ideal candidate has hands-on registered fund compliance experience and can independently manage key responsibilities while partnering effectively with Legal, Marketing, Fund Management, Investments, Finance, and Product. 

Responsibilities 

Support the administration and enhancement of compliance programs for registered investment companies, including interval and closed-end funds. 

Review registered fund filings, marketing materials, and client communications. 

Perform compliance monitoring and testing under Sec. 206(4)-7 and applicable requirements under the Advisers Act and Investment Company Act. 

Assist with regulatory risk assessments and updates to compliance policies and procedures. 

Assist with oversight of sub-advisers, administrators, custodians, transfer agents, distributors, and other key fund service providers. 

Support SEC examinations and regulatory inquiries, including document production and preparation of responses. 

Qualifications 

Bachelor's degree is required; JD, MBA, or other advanced degree is a plus 

2–4 years of relevant compliance, legal, regulatory, audit, or financial services experience 

Strong knowledge of the Investment Company Act of 1940 and Rule 38a-1 

Familiar with the Investment Advisers Act and adviser compliance requirements 

Experience with registered closed-end funds, interval funds, alternative investments, or private-market strategies is preferred 

Experience with compliance testing, SEC examinations, and/or service-provider oversight is preferred 

Strong analytical, organizational, written, and verbal communication skills 

Able to manage assigned compliance responsibilities, exercise sound judgment, and escalate potential issues appropriately 

Able to translate complex regulatory requirements into practical business guidance and effective compliance controls 

Benefits 

The base salary range for this role is $ 70,000 to $ 85,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO). 

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.  

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us   X: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/ 

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. 

Source: iCapital careers (Greenhouse)

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