Regulatory and Compliance, Subscription Document Review - Associate
New York, New York, United States · Hybrid
$90k–$115k/yr
Mid level$1.5B raised
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 reg…
Skills: Subscription document review, Regulatory compliance, Investment Company Act of 1940, Securities Act of 1933, Private funds
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Regulatory and Compliance, Subscription Document Review - Associate
The associate will review and track investor subscription materials to ensure compliance with regulatory standards and internal requirements. They will also manage documentation, create reports, and communicate with investment relation teams regarding fundraises and investor issues.
Requirements
Candidates should have 1-3 years of experience in alternatives, specifically with private funds and registered investment advisors. A strong understanding of the Investment Company Act of 1940 and Securities Act of 1933 is required, with a JD being considered a plus.
Full job 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.
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.
Related keywords
Regulatory ComplianceSubscription DocumentsPrivate FundsInvestment Company Act of 1940Securities Act of 1933FINRAAMLKYCFund FormationInvestment Advisers Act of 1940Project ManagementExcelInvestor RelationsComplianceAlternative Investments
Helping Financial Professionals implement and manage alternative strategies for growth.
Industry
Technology, Information and Internet
Company size
1,001-5,000 employees
Founded
2013
Headquarters
New York, NY
LinkedIn followers
94,874
Total funding
$1.5B
Innovating at the intersection of technology and investment opportunity, iCapital streamlines the integration of alternative investment strategies into client portfolios. For asset managers seeking to capture private wealth assets and advisors looking to diversify through private market investing, iCapital provides the means to grow and scale efficiently.
At the forefront of the digital transformation in investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. Through iCapital Marketplace, Enterprise Solutions, and Technology & Data Services, the iCapital operating system automates and streamlines complex investment workflows and seamlessly integrates with clients’ existing infrastructure, platforms, and tools.
With $1.2 trillion of assets serviced globally on platform, including $327 billion in alternative platform assets, $311 billion in structured investments and annuities & insurance outstanding, and $563 billion in client assets reported on, iCapital serves nearly 3,900 wealth management firms and 144,000 active financial professionals globally.
Headquartered in New York and Greenwich, CT, iCapital operates globally with 18 offices, including Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including Euromoney's World's Best Technology Provider for Wealth Management, CNBC's World's Top Fintech Companies, and Forbes Fintech 50.
Nothing herein constitutes an offer to sell, or a solicitation of an offer to buy, any security or product. Please see iCapital’s Social Media Disclaimer for more information: https://icapital.com/social-media-disclaimer/
Offices: 60 East 42nd Street, 26th Floor, New York, NY 10165, US · 2 Greenwich Plaza, Greenwich, Connecticut 06830, US · 214 Carnegie Center, Princeton, New Jersey 08540, US · 10 High Street, Boston, Massachusetts 02110, US · 2500 N Military Trail, Boca Raton, Florida 33431, US
HNW Fundraising PlatformAlternative InvestmentsPrivate Equity and Hedge FundsPrivate Investor NetworkPrivate Access VehiclesCustom Fund Solutionsand Private CreditBankingAsset ManagementFinTech
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