Senior Compliance Manager - Investments

Company:

Mercer

Description:

Mercer provides insights, advice and technology-driven solutions to help build brighter futures for our clients, colleagues and communities. Together, we’re redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries, and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses, including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment

In Ireland, Mercer employs over 600 employees in offices based in Dublin and Cork.

Mercer has been providing investment services to clients for 45 years and is one of the fastest growing investment solutions entities globally with c.$300bn of assets under our implementation.

Mercer Delegated Solutions (MDS) is Mercer’s investment management arm which manages in excess of US$180bn globally. The European Investment management business (Mercer Global Investments Europe Limited or “MGIE”) was established in 2006 and currently manages assets in excess of $100bn.  Investment is via Mercer’s Irish domiciled fund range managed by Mercer Global Investment Management, which consists of 100+ Irish domiciled sub funds across five umbrella structures.  

The business has experienced significant growth over the last 24 months and with a strong pipeline of activity, this looks set to continue for the foreseeable future. This growth has involved a huge level of new client on-boarding and has seen the business further enhance its product and service offering and its position in the market.

What can you expect:

Mercer’s Compliance Department protects Mercer’s reputation and provides advice to the Company. It understands challenges and advises on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions to champion our clients’ interests
• Collaborating with the business to position Compliance centrally in their daily work;
• Ensuring client interests are at the centre of everything we do;
• Cultivating and enhancing the compliance culture within Mercer;

A key focus of the role will be to perform the PCF 12/PCF39 Compliance function and report directly into the Board of Directors of MGIM and functionally into the Compliance function and the Chief Risk and Compliance Officer for Mercers Delegated Solutions Investment business based in Ireland. This is a key role in ensuring that the Investments business Compliance function is operating effectively and continuously developing in line with industry best practice and regulatory expectations.

The successful candidate will be responsible for monitoring and assessing the adequacy and effectiveness of the measures, policies and procedures put in place by the Company in accordance with the requirements of the Central Bank of Ireland and the actions taken to address any deficiencies in the Company’s compliance with its obligations. The role holder should also advise and assist the relevant persons responsible for carrying out services and activities to comply with the Company’s and the Funds obligations under the Regulatory Framework.

What you will be rewarded with:

We provide a competitive package if you are successful and join the firm. Below is a list of benefits that colleagues can avail of:

• Competitive salary with annual review
• Discretionary Company Bonus
• Up to 12% company pension contribution
• Full healthcare cover
• Study Support
• Flexitime or flexistart
• Flexible working arrangements
• Wellness Programme/Sports & Social clubs
• Paid annual leave and ability to purchase additional leave days
• Travel ticket/bike to work/dental are optional
• Subsidised canteen
• 35 hour working week

We will rely on you to:

• Provide guidance to the Board, senior management, staff and employees on compliance matters impacting Mercer’s Irish management company activities as a UCITS management company and AIFM;
• Report quarterly on compliance with investment restrictions and other compliance matters to the Board & escalate material issues to the Board.
• Act as the liaison with the regulator and overall executive responsibility for all correspondence with the Central Bank of Ireland.
• Devise and implement a comprehensive, risk-based, compliance monitoring programme, which reflects the requirements of the Board and other relevant regulations impacting the business.
• Ensure that all monitoring activities are undertaken in a timely manner and that all issues identified are communicated to the relevant individuals and monitored until the issue is resolved.
• Maintain a detailed knowledge of the relevant rules and legislation and provide advice and guidance to business areas.
• Analyse the regulatory rules affecting the Management Company/AIFM business and any changes there to;
• Consistently review the compliance policies and procedures to comply with relevant regulations and lead actions relating to training and due diligence visits;
• Liaise with the Investment Manager, the Administrator, the Depositary and other appointees on all compliance related matters

What you will need to have:

• Post graduate professional qualifications desirable.
• Detailed knowledge of Investment Management industry and associated compliance requirements with a strong understanding of UCITS and AIFM requirements, fund structures and management company structures.
• Detailed understanding of Central Bank of Ireland Fund Management Company requirements (CP86).
• Experience in carrying out a Compliance Monitoring Programme;
• Team player with a proactive attitude towards anticipating emerging risks
• Strong communications skills and attention to detail with a strong ability to facilitate collaborative working within and across teams;
• Minimum five years experience in investment compliance.
• Ability to work under pressure and meet tight deadlines in a demanding and highly regulated environment;
• Ability to maintain clear lines of communication with various internal and external stakeholders; and

What will make you stand out:

• Investment/Fund Compliance experience particularly advantageous.
• A current role in the Risk, Audit or Compliance group of an asset management/regulatory advisory firm would be valued.

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital or civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs. We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive. Learn more about our foundational values, mission and vision for the future by reviewing our Greater Good Policy.