Designated Compliance Officer (PCF-39F)
Alternative Investment Fund Manager (Renewables/Real Assets)
Dublin
130k – 150k (Euros)
This role is an exciting opportunity to join the team of a recently authorized asset management company. The company will initially oversee approximately €2.1 billion of assets under management (AUM) through three Luxembourg funds and a UK-listed investment trust. These assets are managed by a portfolio manager with the goal of substantial portfolio growth in the coming years. The funds under management are all Article 9 and aim to develop, construct, and operate renewable energy assets globally, as well as invest in energy transition portfolio companies on behalf of their investors.
This role reports directly to the Head of AIFM and you will be part of a team of five in Ireland. As this role will also be part of the group Risk and Compliance Function, led by the group Head of Risk and Compliance, you will have a dotted reporting line to this role.
What you’ll do
- You will fulfil the Pre-Approval Controlled Function (PCF) of 39F Regulatory Compliance and will be the MLRO for the company.
- You will work closely with all Designated Persons for the AIFM to ensure the appropriate governance framework is in place.
- You will act as a source of advice and guidance for the designated persons and Board.
- Regulatory Compliance:
- Establish the compliance programme for the company including the risk-based monitoring reviews of Fund operations, portfolio management and distribution functions in relation to all applicable laws and regulations (including regulations and guidance in respect of sustainable finance).
- Ensure that a conflicts of interest framework is in place which identifies and where possible mitigates any potential conflict in addition to providing the necessary reporting on conflicts to stakeholders.
- Act as a point of escalation on product compliance issues, breaches and complaints related to funds under management.
- Provide positive and practical guidance to the company on regulatory compliance matters including identifying future regulatory developments and proactively managing regulatory change.
- Hold MLRO responsibilities including annual review of the AML policy and supporting procedures to ensure they remain compliant with current applicable AML regulations
- Act as the designated representative for Data Protection/GDPR issues and Complaints handling
- Develop and maintain relationships with the Regulator and provide assistance with all regulatory inspections, outlining the Companies’ positions where appropriate during these inspections and ensuring that any follow-up actions are closed out
- Provide reporting to the company and relevant boards on regulatory compliance matters.
- Review and assess the compliance programs of Service Providers
- Reviewing marketing and client documentation to ensure that it is fair, clear, and not misleading.
- Responsible for oversight of financial crime controls: anti-money laundering, fraud, and market abuse.
- Undertake group-wide risk and compliance projects and processes as necessary and ensure AIFM processes and policies compliment overall group risk and compliance frameworks.
What you’ll need
- Demonstrable experience working in a Compliance role at a senior level in asset management or funds industry, ideally with infrastructure / private equity funds
- Understanding of the Central Bank of Ireland’s Fund Management Company Guidance (CP86) requirements, the regulatory regime in Ireland of AIFM requirements, fund structure and management company structure
- Experience of managing the CBI relationship as necessary including day-to-day matters as well as thematic reviews.
