Compliance Officer, IAS / Registered Funds - Associate

iCapital; Salt Lake City (UT); On-site; USD 70,000 - 85,000; Full time

Benefits offered by this job

Equity for all full-time employees

Annual performance bonus

Employer-matched retirement plan

Comprehensive benefits (health, dental

Vision and telemedicine

Unlimited PTO

In-office with flexible Friday remote

Job summary

iCapital is seeking a Registered Funds Compliance Associate to support the compliance program for its registered fund platform, focusing on regulatory oversight, testing, and marketing review under the Investment Company Act of 1940 and Investment Advisers Act of 1940.

The ideal candidate has hands-on registered fund compliance experience and can independently manage key responsibilities while partnering with Legal, Marketing, Fund Management, Investments, Finance, and Product.

Qualifications

• Bachelor's degree required.
• 2-4 years of relevant compliance, legal, regulatory, audit, or financial services experience.
• Strong knowledge of the Investment Company Act of 1940 and Rule 38a-1.
• Familiar with the Investment Advisers Act and adviser compliance requirements.
• Experience with registered closed-end funds, interval funds, or private-market strategies preferred.
• Experience with compliance testing, SEC examinations, and/or service-provider oversight preferred.
• Strong analytical, organizational, written, and verbal communication skills.
• Able to manage assigned compliance responsibilities, exercise sound judgment, and elevate potential issues appropriately.
• Able to translate complex regulatory requirements into practical business guidance and effective compliance controls.

Responsibilities

• Support the administration and enhancement of compliance programs for registered investment companies, including interval and closed-end funds.
• Review registered fund filings, marketing materials, and client communications.
• Perform compliance monitoring and testing under Sec. 206(4)-7 and applicable requirements under the Advisers Act and Investment Company Act.
• Assist with regulatory risk assessments and updates to compliance policies and procedures.
• Assist with oversight of sub-advisers, administrators, custodians, transfer agents, distributors, and other key fund service providers.
• Support SEC examinations and regulatory inquiries, including document production and preparation of responses.

Skills

Analytical thinking

Written and verbal communication

Regulatory knowledge

Attention to detail

Risk assessment

Education

Bachelor's degree

Juris Doctor / MBA or advanced degree a plus

Job description

About The Role

iCapital is seeking a Registered Funds Compliance Associate to support the compliance program for its registered fund platform. This role will focus on regulatory oversight, compliance testing, marketing review and advising business partners on matters arising under the Investment Company Act of 1940 and Investment Advisers Act of 1940. The ideal candidate has hands‑on registered fund compliance experience and can independently manage key responsibilities while partnering effectively with Legal, Marketing, Fund Management, Investments, Finance, and Product.

About The Role

iCapital is seeking a Registered Funds Compliance Associate to support the compliance program for its registered fund platform. This role will focus on regulatory oversight, compliance testing, marketing review and advising business partners on matters arising under the Investment Company Act of 1940 and Investment Advisers Act of 1940. The ideal candidate has hands‑on registered fund compliance experience and can independently manage key responsibilities while partnering effectively with Legal, Marketing, Fund Management, Investments, Finance, and Product.

Responsibilities

• Support the administration and enhancement of compliance programs for registered investment companies, including interval and closed-end funds.
• Review registered fund filings, marketing materials, and client communications.
• Perform compliance monitoring and testing under Sec. 206(4)-7 and applicable requirements under the Advisers Act and Investment Company Act.
• Assist with regulatory risk assessments and updates to compliance policies and procedures.
• Assist with oversight of sub-advisers, administrators, custodians, transfer agents, distributors, and other key fund service providers.
• Support SEC examinations and regulatory inquiries, including document production and preparation of responses.

Qualifications

• Bachelor's degree is required; JD, MBA, or other advanced degree is a plus
• 2-4 years of relevant compliance, legal, regulatory, audit, or financial services experience
• Strong knowledge of the Investment Company Act of 1940 and Rule 38a-1
• Familiar with the Investment Advisers Act and adviser compliance requirements
• Experience with registered closed-end funds, interval funds, alternative investments, or private-market strategies is preferred
• Experience with compliance testing, SEC examinations, and/or service-provider oversight is preferred
• Strong analytical, organizational, written, and verbal communication skills
• Able to manage assigned compliance responsibilities, exercise sound judgment, and elevate potential issues appropriately
• Able to translate complex regulatory requirements into practical business guidance and effective compliance controls

Benefits

The base salary range for this role is $ 70,000 to $ 85,000. 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.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us X: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

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.