Head of Regulatory & Compliance, APAC – Senior Vice President

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $191billion in global client assets invested in  1,504 funds, iCapital has been named to the Forbes Fintech 50 for six consecutive years (2018 – 2023); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is seeking a Senior Vice President to join the Global Regulatory and Compliance Team, based in Hong Kong. This role will assist with a variety of regulatory activities both at the firm level and for investment vehicles.  The successful hire will lead the APAC Regulatory and Compliance  Team to play a key role in supporting iCapital’s APAC business by handling and supervising regulatory and compliance matters for iCapital’s business in APAC.  iCapital operates through a number of different international entities, many of which are licensed to conduct regulated activities. Currently in APAC, we have offices in Hong Kong, Singapore and Japan, and are opening an office in Australia. The successful candidate will partner with the business teams to ensure that our APAC offices are operating within the letter and the spirit of the regulations.

Responsibilities

• As a member of the APAC regional management committee, work closely with and provide regulatory advice to the senior management team. You will need to develop and maintain a strong working relationship with senior management to work together on the firm’s growth strategy in APAC, anticipating business needs and proactively engaging in business decisions to ensure we operate within the letter and spirit of the law.
• Be a member of the International Risk Working Group and manage regulatory and compliance risks. Work closely with colleagues, regulators, external partners and stakeholders to anticipate regulatory risks to the firm and its clients and mitigate them.
• Work closely with the Legal team to provide guidance on interpretation of regulations to enable the team to understand the parameters of scope of permitted activities when drafting commercial contracts.
• Act as “APAC Regulatory Knowledge Center” within the firm and trusted advisor to Senior Management, providing guidance and training on regulatory and compliance topics as needed.
• Take the lead in the development of a compliance strategy and guidelines to support iCapital’s growth across APAC in a sustainable and compliant way, with local Compliance Officers in each licensed office reporting to you.
• Act in Hong Kong as the SFC manager-in-charge of Compliance and the Anti-Money Laundering and Counter-Terrorist Financing.
• Oversee the development and implementation of appropriate policies and procedures as well as internal controls, and test and monitor in the context of the business model to ensure that iCapital meets its regulatory obligations in APAC.
• Act as the main point of contact with regulatory bodies, as appropriate, to represent iCapital, as well as engage with relevant stakeholders to manage inspections and audits.
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Qualifications

• Preferably a regulatory or investment funds lawyer with 10+ years of experience gained from private practice and/or in-house role in the asset management industry
• In-depth knowledge, or experience of dealing with, cross border rules and regulations in APAC region. Ability to identify issues in order to effectively instruct external counsel where appropriate
• Strong analytical skills and ability to be proactive and anticipate business needs
• Possess satisfactory knowledge of regulatory compliance and internal controls for an asset management business
• Prior team leading experience is highly desired
• Adaptable and entrepreneurial, able to work within the fast-paced, growing and constantly evolving structure of a high-growth firm
• Strong interpersonal and communication skills
• Proficiency in English for collaboration with head office and external, international stakeholders and suppliers. Chinese language capability is a plus but not essential

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office four days, with the flexibility to work remotely one day.  Every department has different needs, and some positions will be designated in-office jobs, based on their function.

Benefits

iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance; and generous paid time off (PTO).

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