Regulatory and Compliance, Subscription Document Review - Associate
iCapital Network
$90,000 - $115,000 / year
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Description
About the Role
iCapital is looking for a Subscription Document Review Associate to join its Regulatory and Compliance team to review investor subscription materials submitted in relation to investments in private and registered funds. The candidate will be responsible for ensuring completeness and compliance of investor subscription materials with the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, the Exchange Act of 1934, and FINRA Rules.
Responsibilities
- Review, track, and maintain investor subscription materials, including subscription booklets, indexes, and related documentation.
- Create and maintain Excel spreadsheets and reports tracking investor subscriptions, deadlines, and transaction-related data.
- Maintain and update rules of engagement for fund sponsors and law firm fund formation departments.
- Communicate with investment relation teams on ongoing fundraises and investor issues.
- Draft deficiency comments for investor subscription materials.
Qualifications
- 1-3 years of alternatives experience, preferably with private funds and registered investment advisor experience
- Experience in fund structuring and formation, reviewing governing documents for alternative and registered funds
- Experience reviewing governing documents for investors, (i.e. limited liability company agreements and trust agreements)
- Knowledge of the Investment Company Act of 1940 and Securities Act of 1933
- AML and KYC knowledge of regulatory requirements for private fund investors is a plus
- Excellent verbal communication skills and strong ability for personal interaction
- Professionalism both client-facing and internally
- Able to thrive in a fast-paced environment with a continuous learning mindset
- Self-motivated with robust project management and process development skills
- JD is a plus
Benefits
The base salary range for this role is $ 90,000 to $ 115,000. 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's Regulatory and Compliance team needs someone to review and track investor subscription materials for private and registered funds, ensuring they meet federal securities requirements under the Investment Company Act, Securities Act, and related regulations. You'll spend your time reviewing subscription documents, drafting deficiency comments when materials fall short, maintaining detailed Excel tracking systems, and communicating with investment relations teams about fundraises and investor issues. The role also involves updating rules of engagement for fund sponsors and law firm departments involved in fund formation.
This position suits candidates with one to three years in alternatives, ideally with exposure to private funds, fund structuring, and governing document review. You should be comfortable reading and analyzing LLC agreements, trust agreements, and subscription materials through a regulatory lens, and you'll need solid knowledge of the Investment Company Act and Securities Act. Strong communication skills matter—you'll interact with internal teams and external partners regularly. The ideal candidate is self-motivated, organized, and thrives managing multiple deadlines in a fast-paced environment.
The role is based in New York City and requires in-office attendance Monday through Thursday, with Friday remote flexibility. iCapital offers a salary range of $90,000 to $115,000, equity participation, performance bonuses, matched retirement contributions, and comprehensive benefits including subsidized healthcare, parental leave, and unlimited PTO.
How this employer is doing
solid
- Recently Raised Funding
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Pay for this role
$90,000 to $115,000 per year
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