Compliance Specialist

Role summary

A key member of the European compliance team, this compliance multifaceted specialist role ensures the smooth compliance and supervision of our distribution, sales and marketing activities, across Europe and Asia. In-depth knowledge of financial services is required with proven experience of the European and Global investment management regulatory environment.

There are two main areas of responsibilities:

• The administration of our Luxembourg Funds is core to our business across Europe and Asia. Capital Group Luxembourg Funds are registered in a number of countries and distributed worldwide ex-US. The Compliance Specialist is responsible, under the oversight and instruction of the associate leading the Fund Registration function and other senior members of the European Legal and Compliance department, for the registration and maintenance of the Luxembourg Funds outside the US in compliance with local laws and regulations.

• Responsible for ensuring compliance of fund and client promotional activities (marketing campaign, digital, social media, roadshow) with MiFID, UCITS/AIFMD and the FCA handbook, tracking requests, reviewing materials and providing feedback. Assist in creating, reviewing, and implementing compliance guidance for marketing activities in Europe and Asia.

Every person within the European L&C team is responsible for legal, regulatory, and compliance work and is expected to work with other associates across multiple jurisdictions. The precise requirements of the role will develop over time in response to the changing needs of the business, however, we would expect the successful candidate to have the following main responsibilities:

Primary responsibilities/essential functions

Capital Group Luxembourg funds registration:

• Processes new registration of Funds and Share Classes including active, decision-making contribution to Funds related projects at European and Asian level;

• Ongoing maintenance of fund registrations outside of the US, including the preparation and provision of necessary documentation (i.e., prospectus update), publications and interaction, directly or indirectly, with local counsel, external service providers and relevant authorities;

• Assesses regulatory impact of cross-border fund registration on the Luxembourg Funds features (i.e. ESG, Use of derivatives, investment guidelines,…)  

• Identifies regulatory changes that may impact the Funds;

• Researches, analyses and communicates on the requirements pertaining to the promotion of funds in various jurisdictions in support of business objectives and marketing activities;

• Oversees and manages outside service providers from a service quality and cost point of view (i.e., invoices, fees estimation and coordination with internal stakeholders);

• Prepares regular reporting of the fund registration status.

Distribution, sales and marketing advisory & compliance

• Responsible for the compliance review of fund and client promotional / marketing materials. Keeping track of incoming requests, providing feedback in relation to FCA / MiFID / UCITS / AIFMD rules and identifying the wider benefit of the feedback provided.

• Assist in the creation, review and implementation of new compliance guidance for all marketing team activity (both in Europe and Asia); encompassing a broad remit which includes events and inducements.

• Assisting in the regulatory watch of all of the above matters.

• Provide training to local associates on the above matters, where relevant.

• Assists management with identifying issues and initiating potential solutions.

Skills/qualifications

• In-depth knowledge of financial services required with proven experience of the European and Global investment management regulatory environment.

• A curious and enquiring mindset, with the ability to analyse, assess and make judgements on regulations.

• Happy to challenge the status quo.

• Brings energy and enthusiasm to the environment.

• Strong commitment to quality, accuracy and attention to detail.

• Effective written and oral communications skills with team members and managers.

• Instills trust and has the ability to maintain a high level of confidentiality and integrity.

• Ability to utilize technology to enhance and automate, refine, and streamline processes.

Core requirements:

• University degree, of which a Compliance degree or other relevant certification is a plus;

• 3-4+ years of relevant compliance, risk or audit experience in the financial industry (asset management, mutual funds or banking), or within a consultancy and/or audit firm;

• Previous experience in oversight of financial promotion and/or cross-border compliance (UCITS/AIF, MiFID, FCA handbook) is a plus;

• Able to speak, draft and work in English; second language a preference.

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In addition to a highly competitive base salary, per plan guidelines, restrictions and vesting requirements, you also will be eligible for an individual annual performance bonus, plus Capital’s annual profitability bonus plus a retirement plan where Capital contributes 15% of your eligible earnings.

You can learn more about our compensation and benefits here.

* Temporary positions in Canada and the United States are excluded from the above mentioned compensation and benefit plans.

We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law.