Compliance Officer, Registered Funds - Assistant Vice President

iCapital
Greenwich, CT
Hybrid

Who this role is best for

Geared toward compliance professionals with registered fund expertise comfortable with regulatory oversight and cross-functional collaboration.

Best fit for

  • Candidates with registered fund compliance experience and strong regulatory knowledge
    — “the ideal candidate has hands-on registered fund compliance experience”
  • Individuals who can translate complex regulations into actionable business guidance
    — “Able to translate complex regulatory requirements into practical business guidance and effective compliance controls”
  • Professionals adept at cross-functional collaboration with Legal, Marketing, and Fund Management teams
    — “partnering effectively with Legal, Marketing, Fund Management, Investments, Finance, and Product”

Things to consider

  • The role requires in-office presence on four days of the workweek in Greenwich, Connecticut
    — “Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday”
  • Candidates should be prepared for regular engagement with fund boards and regulatory reporting
    — “Prepare compliance reporting, testing results, regulatory updates, and other materials for fund boards and CCOs”

How to stand out

  • Emphasize experience with SEC examinations and service-provider oversight in your resume and interview responses
    — “Support SEC examinations and regulatory inquiries, including document production and preparation of responses”
  • Demonstrate your ability to independently manage compliance responsibilities and escalate issues effectively
    — “Able to independently manage compliance responsibilities, exercise sound judgment, and escalate significant issues appropriately”
  • Highlight your understanding of the Investment Company Act of 1940 and Rule 38a-1 in your application materials
    — “Strong knowledge of the Investment Company Act of 1940 and Rule 38a-1”
  • Showcase your skills in monitoring compliance matters involving valuation and liquidity
    — “Monitor compliance matters involving valuation, liquidity, affiliated transactions, custody, allocations, fees and expenses, and conflicts of interest”
  • Demonstrate your ability to advise business partners on regulatory matters as part of your positioning
    — “advising business partners on matters arising under the Investment Company Act of 1940 and Investment Advisers Act of 1940”
Pace · SteadyCollaboration · HighAutonomy · MediumDecision Impact · Team

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

What success looks like

  • support compliance programs for registered investment companies
  • review registered fund filings and marketing materials
  • perform compliance monitoring and testing
  • assist with regulatory risk assessments
  • prepare compliance reporting
Typical background
5-8 years of relevant compliance, legal, regulatory, audit, or registered fund experience

Skills & requirements

Required

Registered Fund ComplianceMarketing ReviewRegulatory OversightCompliance TestingAdvising Business PartnersRegulatory Risk AssessmentCompliance Policy UpdatesSEC ExaminationsService-provider Oversight

Preferred

Registered Closed-end FundsInterval FundsAlternative InvestmentsPrivate-market StrategiesCompliance TestingFund Board ReportingSEC ExaminationsService-provider Oversight

Stack & domain

Investment Company Act Of 1940Investment Advisers Act Of 1940Compliance TestingFund Board ReportingSEC ExaminationsService Provider Oversight

About the role

Original posting from iCapital via Greenhouse

About the Role

iCapital is seeking a Registered Funds Compliance Assistant Vice President to support the compliance program for its registered fund platform. The role will focus on marketing review, regulatory oversight, compliance testing, 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.

Monitor compliance matters involving valuation, liquidity, affiliated transactions, custody, allocations, fees and expenses, and conflicts of interest.

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

Prepare compliance reporting, testing results, regulatory updates, and other materials for fund boards and CCOs.

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.

Monitor regulatory developments and help implement associated policies, controls, testing, and business guidance.

Qualifications

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

5–8 years of relevant compliance, legal, regulatory, audit, or registered fund 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, fund board reporting, SEC examinations, and/or service-provider oversight is preferred

Strong analytical, organizational, written, and verbal communication skills

Able to independently manage compliance responsibilities, exercise sound judgment, and escalate significant 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 $110,000 to $145,000.  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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