Associate Manager - Regulatory & Compliance

ABOUT IQ-EQ  

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.  We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion. We work with 13 of the world’s top-15 private equity firms. 

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.                                           

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 

We’re driven by our Group purpose, to power people and possibilities. 

Responsibilities:

The Client Compliance Services is responsible to provide Compliance Officer Services and Money Laundering Reporting Officer (“MLRO”) services to client companies of IQ-EQ MU. The Associate Manager – Regulatory Compliance plays a key role in ensuring that client companies meet their regulatory obligations by supporting the Manager in the delivery of effective compliance and MLRO services.

Tasks

• To contribute to the design and implementation of the AML/CFT framework including policies, procedures and systems for IQ-EQ MU’s client companies;
• To act as Compliance Officer/MLRO/ DMLRO/for IQ-EQ MU’s client companies, with active involvement in the assessment and testing of internal controls to ensure ongoing adherence to regulatory requirements and best practice standards;
• To attend board meetings to present Business Risk Assessment, MLRO and Compliance Officer’s reports for IQ-EQ MU’s client companies on at least an annual basis;
• To coordinate and attend to onsite and offsite inspections conducted by the Financial Services Commission (FSC), ensuring full compliance with applicable Mauritian laws, regulations, and guidelines, and addressing any regulatory queries or findings in a timely and effective manner.
• To receive, analyse and report Suspicious Transaction Reports, as appropriate;
• To conduct Client file review or special investigation as required;
• To assist the Manager to prepare and disseminate AML/CFT training materials for training to staff of client companies, as appropriate;
• To assist in conducting AML/CFT risk assessments of all products, technology and business practice of client companies, as appropriate;
• To analyse and disseminate the latest AML/CFT related regulatory information to clients;
• To provide advice and guidance to Business Implementation Team, Client Services Team and Client Services Directors on specific billable compliance queries;
• Provide validation, oversight and input, where required, on Administrator’s Compliance Reports;
• To assist in providing and reporting Management Information to the Country Risk Committee, Operational Risk Committee and Board, as required;
• To assist the Manager in supervising, assessing the Client Compliance Services Unit (“CCSU”) team’s work and assignments as well as assist in building capabilities and allocate resources within the CCSU team;
• To assist in driving process automation, enhancing compliance systems, and contributing to the continuous improvement of monitoring frameworks;
• To ensure protection of information assets of IQ-EQ MU and to abide by the Information and Security Management System in place at IQ-EQ MU; and
• Any other cognate duties.

Key competencies for position and level

• Customer focus
• Decision Quality
• Direct Work
• Interpersonal savvy
• Action oriented

Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

• Accuracy
• Attention to detail
• Collaboration
• Organisation
• Proactivity
• Relationship building
• Taking ownership

Required Experience

Education / professional qualifications

Degree holder in of law, finance or financial services or directly related to compliance functions

Background experience

At least 5-7 years’ experience in the financial services sector and preference given to experience in compliance

Technical

Experience as Compliance Officer, MLRO or DMLRO

OUR COMMITMENT TO YOU AND THE ENVIRONMENT  

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.  

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee. 

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,800+ employees - from 94 nationalities, across 25 countries - to each achieve their potential.  Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.