Regulatory and Compliance, ERISA - Senior Vice President
iCapital Network
$150,000 - $200,000 / year
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Description
About the Role
The Senior Vice President of ERISA Compliance is responsible for leading iCapital's enterprise-wide compliance program relating to the Employee Retirement Income Security Act of 1974 (ERISA), Department of Labor (DOL) regulations, prohibited transaction exemptions, and Qualified Professional Asset Manager (QPAM) compliance requirements. This role serves as the primary subject matter expert for ERISA-related regulatory obligations impacting iCapital's registered investment advisers, collective investment trusts (CITs), retirement-focused investment products, and retirement-plan clients.
This individual will partner closely with Legal, Product, Operations, Finance, Investment Management, and Distribution teams to develop and maintain policies, procedures, testing programs, training, and governance frameworks designed to ensure compliance with ERISA fiduciary standards and QPAM exemption requirements. This SVP will play a key role in regulatory examinations, new product launches, and transaction reviews.
Responsibilities
ERISA Compliance Oversight
- Work with the Registered Funds CCO to develop, maintain, and enhance ERISA compliance policies, procedures, controls, and monitoring programs.
- Provide regulatory guidance regarding fiduciary duties, plan-asset rules, prohibited transactions, party-in-interest restrictions, and applicable exemptions.
- Advise business stakeholders on ERISA implications of investment products, distribution activities, service arrangements, and operational processes.
- Monitor legal and regulatory developments from the Department of Labor, IRS, SEC, and other regulatory authorities and assess impacts on the business.
- Design and administer risk-based compliance reviews relating to ERISA and retirement-plan business activities.
- Implement monitoring programs, testing protocols, certifications, and issue-management processes.
QPAM Compliance Program Management
- Oversee the firm's ongoing compliance with the Qualified Professional Asset Manager (QPAM) Exemption and related requirements.
- Maintain and execute QPAM monitoring and testing programs, including annual and periodic certifications.
- Coordinate reviews of QPAM eligibility criteria, including assets under management, shareholder equity, affiliate requirements, and integrity standards.
- Establish and maintain documentation evidencing compliance with QPAM conditions and regulatory requirements.
- Partner with Legal and business stakeholders regarding transactions that may rely on the QPAM exemption or other prohibited transaction exemptions.
Qualifications
- Bachelor's degree required; J.D., MBA, or other advanced degree is preferred
- 10+ years of experience in investment adviser, asset management, retirement, ERISA, legal, or compliance functions
- Deep knowledge of ERISA fiduciary standards, prohibited transaction rules, and Department of Labor regulations
- Familiar with collective investment trusts (CITs), private funds, alternative investments, and institutional asset management
- Experience developing compliance programs, controls, testing frameworks, and governance processes.
- Strong analytical, communication, and problem-solving skills
- Experience with QPAM compliance programs and prohibited transaction exemptions
Benefits
The base salary range for this role is $150,000 to $200,000. 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.
Benefits
- 401(k)
- paid time off
- stock options
- parental leave
- bonus
About this role
iCapital is seeking a Senior Vice President to lead its enterprise-wide ERISA compliance program, serving as the primary regulatory expert for the firm's investment advisers, collective investment trusts, retirement products, and plan clients. You would own the full scope of ERISA fiduciary obligations, prohibited transaction rules, and Qualified Professional Asset Manager (QPAM) exemption requirements—working across Legal, Product, Operations, Finance, and Investment Management to build and maintain policies, controls, and monitoring frameworks. The role includes advising business teams on regulatory implications, managing risk-based compliance reviews, overseeing QPAM certifications and testing, and representing the firm during regulatory examinations and new product launches.
This position suits someone with 10+ years in investment advisory, asset management, compliance, or ERISA-focused legal work, paired with deep knowledge of DOL regulations, fiduciary standards, and prohibited transaction exemptions. You should have hands-on experience designing compliance programs and testing protocols, familiarity with alternative investments and institutional asset structures, and the analytical and communication skills to translate complex regulatory requirements into actionable guidance for non-specialist stakeholders. An advanced degree (J.D., MBA, or equivalent) and prior QPAM compliance experience are preferred.
Based in Salt Lake City with in-office presence Monday through Thursday, the role offers a salary range of $150,000 to $200,000, equity participation, annual performance bonus, matched retirement contributions, employer-paid dental and vision coverage, telemedicine and mental health support, parental leave, and unlimited PTO.
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Pay for this role
$150,000 to $200,000 per year
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