Jupiter Asset Management | Senior Compliance Officer (Investment Compliance)

Key responsibilities

• The role is within the Investment Compliance team reporting to The Head of Investment Compliance.
• You will be joining a team of seven who are responsible for the provision of advice and oversight of the Investment Management Function.
• The team acts as part of the second line of defence for the business, ensuring that the Investment Management Function conducts their activities in accordance with Jupiter’s compliance framework and that Funds are managed as prescribed in their Prospectus or IMA documents and in adherence with the relevant Directives.
• This role is subject to the Conduct Rules set by the FCA.
• Provide day-to-day Investment Compliance advice and challenge to Investment Management, Trading and other relevant business areas across Jupiter’s regulated funds, segregated mandates and delegated investment arrangements.
• Provide second-line oversight and challenge in relation to trading activities, including best execution, order allocation, trading controls, dealing practices and other conduct or regulatory matters affecting the Trading function.
• Monitor relevant regulatory developments, interpret their impact on Jupiter’s investment activities and support the implementation of proportionate changes to policies, procedures, monitoring and controls.
• Provide Compliance advice and challenge in relation to new funds, mandates, product changes and other business initiatives, helping to identify investment regulatory requirements and control considerations at an early stage.
• Support the wider Compliance function on investment-related matters and contribute to the continued development of Jupiter’s Investment Compliance framework, policies, procedures and control environment.
• Interpret and advise on investment restrictions and regulatory requirements, including UCITS, NURS and AIFMD requirements, fund prospectus provisions, investment management agreements and other applicable investment guidelines.
• Support the maintenance of effective investment restriction monitoring within Aladdin, including reviewing the appropriate monitoring approach for new or amended restrictions and working with Portfolio Guideline Analysts on coding, testing and implementation where required.
• Manage and oversee investment restriction breaches and exceptions, coordinating with Investment Managers, Investment Risk, Operations, Legal and other relevant stakeholders and maintaining appropriate records and governance through to closure.
• Act as a key point of contact for Depositaries and ManCos on investment compliance matters, including responding to monitoring queries, discussing potential breaches and providing supporting analysis and regulatory rationale where required.
• Provide Compliance input into fund accounting, NAV, valuation and operational matters where these have an investment regulatory or investor protection dimension, working closely with Fund Accounting, Product, Operations, Depositaries and other control functions.
• Support Jupiter’s market abuse framework, including surveillance and oversight, market soundings, restricted and stop-list arrangements, regulatory developments and the preparation of management information and governance reporting.
• Identify, assess and advise on conflicts of interest arising from investment management activities, new products, related-party arrangements, internal delegations and other business developments, ensuring appropriate controls and governance are in place.
• Lead or contribute to thematic and desk-based Compliance reviews of higher-risk Investment Management and Trading activities, including scoping, testing, stakeholder interviews, documenting findings and agreeing appropriate remedial actions.
• Build effective working relationships across Investment Management, Trading, Investment Risk, Operations, Legal, Product and other control functions, providing constructive challenge while supporting commercially workable and regulatorily sound outcomes.
• Contribute to Compliance governance, management information and committee reporting, clearly communicating material investment compliance risks, trends, breaches, regulatory developments and areas requiring senior management attention.

Requirements

• Strong experience within Asset Management Compliance, Investment Compliance, Investment Risk or a closely related control function.
• Strong knowledge of UCITS, NURS and AIFMD requirements relevant to portfolio management, including eligibility, diversification, concentration, borrowing and derivatives requirements.
• Good working knowledge of a broad range of asset classes and investment instruments, with the ability to assess regulatory and investment restriction implications.
• Experience interpreting fund prospectuses, investment management agreements, mandates and other investment restrictions, and translating requirements into practical advice for Investment Management teams.
• Experience providing regulatory and compliance advice to Investment Managers, Traders and other Front Office stakeholders, including the ability to apply regulatory requirements to complex or novel investment scenarios.
• Experience of pre- and post-trade investment compliance monitoring, including investigation and resolution of investment restriction alerts and breaches.
• An understanding of investment restriction coding and rule configuration, with the ability to review and challenge whether restrictions are appropriately captured within monitoring systems.
• Detailed coding expertise is advantageous but is not the primary focus of the role.
• Experience of investment eligibility assessments, including consideration of new instruments, derivatives, collective investment schemes, structured products and corporate actions.
• Experience liaising with Depositaries, ManCos, Fund Accountants, Auditors and other external oversight providers on investment compliance or regulatory matters.
• Good understanding of market abuse regulation and investment management conduct risks, including market soundings, restricted lists, surveillance and associated governance arrangements.
• Knowledge of trading compliance and oversight, including best execution, order allocation and other relevant dealing controls.
• Experience identifying and assessing conflicts of interest arising from investment management activities, products, mandates, delegations or related-party arrangements.
• Experience interpreting regulatory developments and assessing their practical impact on investment management activities, policies, procedures and controls.
• Experience conducting or contributing to Compliance monitoring or thematic reviews, including scoping, testing, documenting findings and agreeing proportionate remedial actions.
• Experience with UK authorised funds, Irish funds and Luxembourg fund structures would be advantageous.
• Strong analytical and critical-thinking skills, with the ability to reach well-reasoned conclusions where regulatory requirements or investment scenarios are complex or judgement-based.
• Excellent written and verbal communication skills, with the ability to explain complex regulatory matters clearly and pragmatically to both technical and non-technical audiences.
• Strong stakeholder management skills, with the confidence to challenge, influence and advise Fund Managers, Traders and senior management constructively.
• Able to balance regulatory requirements and risk considerations with an understanding of the commercial and operational environment in which an investment management business operates.
• Collaborative and self-sufficient, with the ability to work effectively both independently and as part of a wider Compliance and Risk function.
• Experience of working with BlackRock Aladdin.

Jupiter Asset Management

Jupiter Asset Management is an employer hiring in India (sector: BFSI / Investments / Insurance).

Its finance, accounts, audit and tax openings in India are mostly in London.

• Industry: BFSI / Investments / Insurance