Regulatory and Compliance - Associate
iCapital
$70,000 - $85,000 / year
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Description
About the Role
iCapital is looking to hire a Compliance Associate to join its Regulatory and Compliance team to lead the review and approval process for investor AML and KYC with a strong private fund focus. This role will be responsible for ensuring compliance with all AML and KYC regulatory requirements and generally assisting the Legal and Compliance teams with various compliance-focused tasks.
Responsibilities
· Review of investor and client AML and KYC documentation, client communications, quarterly reporting and ongoing monitoring.
· Perform third party reliance testing and monitoring.
· Collaborate across various business lines on new initiatives, providing compliance guidance.
· Conduct AML screening review and dispositions.
· Assist in preparing for and responding to inquiries and audits.
Qualifications
· 1-4 years of alternatives experience, preferably with both broker dealer and registered investment advisor experience
· Strong knowledge of the Investment Company Act of 1940, Securities Act of 1933 and Cayman Islands Anti-Money Laundering Regulations
· AML and KYC knowledge of regulatory requirements for private fund investors
· Experience with AML screening resolution vendor tools (i.e. LexisNexis, Worldcheck, ComplyAdvantage)
· Excellent verbal communication skills with the ability for personal interaction
· Thrives in a fast-paced environment with a continuous learning mindset
· Self-motivated with robust project management and process development skills
· ACAMS certification is preferred
· JD is a plus
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 Twitter: @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.
About this role
iCapital's Regulatory and Compliance team is seeking an Associate to manage the review and approval of investor AML and KYC documentation for private funds. The core of the work involves evaluating client submissions, conducting ongoing monitoring, performing AML screening reviews, and testing third-party reliance. You'll also collaborate with business lines on compliance matters and support the Legal and Compliance teams through audit preparation and regulatory inquiries.
The ideal candidate brings one to four years of experience in alternatives, ideally spanning both broker-dealer and registered investment advisor settings. You'll need solid grounding in the Investment Company Act of 1940, the Securities Act of 1933, and Cayman Islands AML regulations, plus hands-on familiarity with screening tools like LexisNexis or Worldcheck. Strong communication skills, self-motivation, and the ability to manage projects in a fast-paced environment are essential. An ACAMS certification is preferred; a JD is a bonus.
The role is based in Salt Lake City and requires in-office presence Monday through Thursday, with Friday remote flexibility. The salary range is $70,000 to $85,000, with equity participation, performance bonuses, a matched retirement plan, and comprehensive benefits including employer-paid dental and vision coverage, telemedicine, parental leave, and unlimited PTO.
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Pay for this role
$70,000 to $85,000 per year
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