Senior Compliance Advisor, Barings
International investment management firm
Open for applications
International investment management firm
1001+ employees
Open for applications
1001+ employees
Company mission
To deliver the best investment experience for our clients through exceptional service and performance.
Role
Who you are
- The candidate will be required to have a strong understanding of AIFMD 2, MiFID 2 and UCITS and must be capable of developing a suite of responsibilities and relationships as they grow into the
- Good knowledge of Conflicts of Interest, Cost transparency, COBS and Wholesale Conduct
- Solutions orientated
- Proactive with good communication skills (writing and oral)
- Ability to positively engage with and influence senior stakeholders
- Ability to work with challenging and thought-provoking stakeholders
- Ability to balance the need to maintain a degree of independence with the need to build strong “internal client” relationships
- Ability to focus on core responsibilities but also remain sufficiently flexible to deal on occasions with new issues / priorities
- Strong knowledge of: AIFMD and AIFMD 2, MiFID 2, UCITS, FCA/MiFID II requirements re product governance, COLL / FUND, ESG – SFDR and UK SDR
What the job involves
- This role sits within the Advisory team, which supports, guides and where appropriate, challenges the business on a wide range of regulatory and compliance matters
- Acting as a trusted adviser to the business by providing timely, sound and pragmatic advice and guidance on a variety of regulatory matters emanating from regulatory change and business queries/development
- The primary focus of the role is to support the business on changes to the UK and EU retail investor protection agenda, ESG, revisions to the AIFMD, capital markets regulation, and the proposed overhaul of the UK regulatory regime for asset managers
- Work closely with the Product Management and Client Portfolio Management teams on matters regarding, OFR, SDR, SFDR and its application to Barings’ funds
- As above but for changes in relation to the FCA’s LTAF and EU ELTIF 2.0
- Work with investment teams and provide advice to changes from EU and UK MiFID
- Work proactively with Sales and Product Teams on the implementation of new regulations (i.e., the FCA’s Consumer Investments Markets and the EU’s Retail Investment Strategy) helping to identify effective solutions that meet both regulatory expectations and Barings business model
- Managing the internal regulatory horizon tracker and completing initial analysis of new regulations that are likely to have a material impact on Barings
- Maintain relevant documents and reports to support the above activities
- Participate or lead presentations on regulatory changes to business units
- Attend relevant events at law firms / consultants / trade bodies and feed insights / market intelligence back to colleagues
- Support the Head of Advisory on providing timely advice to Business Units on the following regulatory requirements: AIFMD, UCITS, MiFID II and navigating the impact of the deviations between the UK and EU of associated regulatory changes
- Keeping Compliance policies and procedures up to date
- Produce new and/or amended Compliance policies and procedures as a result of regulatory or business change
- Input into the Compliance plan as required
- Undertake other Compliance processes as required
- Assist the Head of Advisory in maintaining Compliance processes e.g., the Conflicts of Interest Register, Client take-on and annual planning
- Liaise and interact with industry trade bodies (e.g., the IA, ELFA), consultants and external auditors as required
- Assist the Head of Compliance in dealing with visits/requests from regulators, including preparation and reporting activities
- Provide and/or input into Compliance reports to various boards and committees
- Assist the Heads of Compliance and Distribution in Ireland with required Irish reporting
Salary benchmarks
Our take
With a history dating back more than 260 years, Investment Management Group Barings was originally Britain’s oldest merchant bank and set up an asset management division in the 1950s. By the mid-90s, its original banking division collapsed due to scandals concerning its executives and its investment management department took center stage. Through a series of acquisitions, Baring Asset Management became Barings in 2016, alongside the now-merged Cornerstone Real Estate Advisors, Wood Creek, and Babson Capital Management.
With a portfolio worth more than $347 billion, Barings has come full circle over its two-and-a-half-century life. During the 2010s, its acquisitions and growth saw it evolve into a global leader, with subsidiaries in Europe, the Americas, and Asia. Focusing on private and public equity, real estate, private credit, capital, and insurance solutions, Barings has run with the fast-moving shifts in the investment sector to fund electric vehicle projects, fintech platforms, and digital companies to great success.
In 2023, Barings swooped in to save bankrupt real estate deals in Arizona and secured leading bank tenants Santander and HSBC at its state-of-the-art office development in Manchester, UK. In 2024 it led a funding round of Morgan Stanley's World 50, exemplifying its influence on the world's top investment banks. With many arms to its company, Barings can weather setbacks as a whole, whether that be the collapse of Barings-backed internet provider GigaMonster or restructuring the ailing cinema chain Vue.
Freddie
Company Specialist
Insights
0% employee growth in 12 months
Company
Company HQ
Third Ward, Charlotte, NC
Articles
Leadership
Mike Freno
(CEO, not founder)Previously the Head of Global Markets at Barings, Research Analyst at M&M Partners LLC, and Manager at PwC.
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