Job Description
Who we are looking for
We are looking for a Fund Compliance Manager, Assistant Vice President, reporting directly to the Head of Investment Compliance. The successful candidate will play a key leadership role within the Fund Compliance function and support the oversight and delivery of post-trade investment compliance services.
The role combines people leadership, operational oversight, client management, risk and control governance, and strong technical investment compliance expertise. The successful candidate will be expected to take ownership, influence across teams, challenge where necessary and drive priorities through to completion, ensuring that issues are resolved and agreed actions translate into concrete results.
Why this role is important to us
You will be joining the Investment Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer across all of our locations, products, and capabilities.
Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.
What you will be responsible for
- Operational & Compliance Oversight
- Oversee the day-to-day delivery of Fund Compliance activities.
- Ensure timely and accurate completion and review of compliance monitoring and client deliverables.
- Oversee the investigation and resolution of compliance alerts, warnings, data exceptions and potential breaches.
- Ensure appropriate escalation of material compliance, operational and client issues.
- Monitor workloads, priorities, outstanding items and backlogs.
- Ensure appropriate application of maker/checker and four-eyes controls.
- Investment Compliance & Regulatory Expertise
- Maintain strong knowledge of Luxembourg and European investment-fund regulation applicable to investment compliance monitoring.
- Support interpretation and implementation of prospectus investment restrictions and regulatory requirements.
- Provide guidance on complex investment restrictions and rule methodologies.
- Challenge and approve proposed approaches where restrictions require interpretation or additional data.
- Support regulatory, audit and Depositary queries relating to Fund Compliance.
- CRIMS (Charles River) / Implementation & Change
- Provide senior oversight of investment-compliance implementation activities and controls.
- Oversee new fund/account setups, rule implementation, changes and fund terminations.
- Ensure strong governance around compliance matrices, rule coding, testing, review and production implementation.
- Support CRIMS-related process improvements and operational change.
- Ensure changes are appropriately documented and auditable.
- Risk, Controls & Governance
- Maintain a strong control environment across Fund Compliance.
- Ensure procedures, SOPs, job aids and control documentation remain appropriate and are followed.
- Monitor operational risks, control issues, exceptions, KPIs/KRIs and remediation actions.
- Support Internal Audit, External Audit, Risk, Compliance and regulatory reviews.
- Ensure appropriate evidence and audit trails are maintained.
- Support remediation of identified control weaknesses and track actions through closure.
- Client & Stakeholder Management
- Act as a senior contact for Fund Compliance clients and internal stakeholders.
- Participate in client meetings, service reviews, due diligence and escalation discussions.
- Respond to complex client questions and ensure agreed actions are followed through.
- Work closely with Depositary, UK Trustees, Client Service, Fund Accounting, Compliance, Risk, Technology, Outsourcing locations and other relevant functions.
- People Leadership
- Manage, coach and develop Fund Compliance staff.
- Allocate work and maintain appropriate team coverage.
- Support training and development of junior and experienced staff.
- Promote knowledge sharing and a strong risk and control culture.
- Support recruitment, onboarding and succession planning.
- Provide clear objectives and ongoing feedback.
- Transformation & Continuous Improvement
- Identify opportunities to improve efficiency, control quality and scalability.
- Support automation and simplification of Fund Compliance processes.
- Drive standardization of processes and controls.
- Participate in strategic transformation initiatives affecting Investment Compliance.
- Manage, coach and develop Fund Compliance staff, allocate work, maintain appropriate coverage, support recruitment and onboarding, and promote knowledge sharing and a strong risk and control culture.
- Drive continuous improvement, automation, standardization and strategic transformation initiatives affecting Investment Compliance.
What we value
These skills will help you succeed in this role:
- Strong leadership, sound judgement and the ability to make risk-based decisions and escalate material issues appropriately.
- Advanced analytical and problem-solving skills, with the ability to interpret complex investment restrictions and regulatory requirements.
- Excellent organizational and prioritization capabilities, including the ability to manage competing deadlines, workloads and backlogs.
- Strong client-facing, communication and stakeholder-management skills across local, regional and global teams.
- A collaborative approach, with a commitment to developing people, strengthening controls and delivering sustainable operational improvements.
Education & Preferred Qualifications
- Degree in Finance, Banking or equivalent professional experience.
- Minimum 10 years' Fund Compliance experience.
- Strong understanding of Luxembourg investment-fund regulation.
- Strong investment-restriction interpretation and compliance-monitoring knowledge.
- CRIMS/rule-coding experience, with MIG21 experience advantageous.
- Strong analytical and complex problem-solving skills.
- Excellent organizational and prioritization capabilities.
- Strong client-facing and stakeholder-management skills.
- Ability to manage and develop staff.
- Excellent written and verbal English; French and/or German advantageous.
Additional requirements
The role requires the ability to work effectively with Depositary, UK Trustees, Client Service, Fund Accounting, Compliance, Risk, Technology, outsourcing locations and other relevant functions, including rule coding on CRIMS. The successful candidate should be comfortable operating in a controlled, deadline-driven and audit-focused environment.
Work Requirement
- Hybrid working arrangement in accordance with the applicable local policy.
- Standard Luxembourg business hours, with flexibility where required to support clients, deadlines and cross-location stakeholders.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
