Specialist - Investment Compliance Support Services

Overview

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business reaches globally, services locally and provides cross-jurisdictional services. With clients at the heart of our work, we have grown to over circa 13,000 employees across 112 offices worldwide. Your career with us should reflect your energy and passion. At Apex Group, we aim to empower you and help you develop your unique skills and experience. Take the lead and we’ll provide support to help you be at the top of your game. We offer the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you.

Summary of the position : The Specialist : Investment Compliance Support Services is the regulatory specialist in the Investment Compliance Support Services (ICSS) team. The ICSS team reports regulatory and bespoke mandate compliance breaches to clients daily on a post-trade basis and provides monitoring capabilities for pre-trade compliance from NX Manager. The team also produces monthly regulatory holdings reports for clients, run from the data warehouse and enriched with data from InvestOne and NXManager. External Manager look-through is performed for monthly reporting. The role requires knowledge across the investment and operational cycle and involves interpreting mandates and legislation to translate regulation into workable compliance rule results for client investment decisions. The role collaborates with the ICSS team and other relevant teams to apply interpretation to NX Manager (pre- and post-trade compliance) as well as the Compliance Reporting Warehouse. The role also requires working knowledge of converting interpretation into rules within the technology platform, with strong technical or operational knowledge of investment instruments and issuers. Experience on NX Manager (Decalog) or other comparable monitoring systems is ideal. Ongoing success depends on continual oversight of static and market data to ensure correct classification into regulatory rulesets.

You will assist with processing external manager data and mapping instruments for ingest into Apex systems, and will work with the Instrument and Fund Setup team to maintain static data integrity for investment compliance. Data and issuer market capitalization checks are required.

Outline of main duties and responsibilities

• Reporting : Rotation of daily post-trade reporting; monthly compliance reporting (Reg28 and Reg30).
• Monthly pre-reporting checks to ensure sound and consistent instrument and issuer classifications for monthly reporting.
• Troubleshooting classification issues, cleaning static data to support daily monitoring and monthly report integrity.
• Supporting the ICSS team in interpreting and documenting legislative, regulatory and mandate compliance requirements for use in NX Manager and the Compliance Reporting Warehouse.
• Documenting the interpretation of legislative or regulatory changes and adapting documents for internal or client use, and input into planning for changes.
• Testing of all changes and developments.
• Developing, coding, and implementing compliance rules in NX Manager.
• Critically reviewing compliance rules to improve integrity on an ongoing basis.
• Following proper test protocol in UAT and change control protocol for moving rules into the production environment.
• Being proactive in solution-finding and continually seeking process improvements.
• Providing professional support to the Apex client base in respect of compliance-related queries, breaches, and reporting.
• Building excellent rapport with clients to understand their requirements and maintain well-managed relationships to achieve the best results.
• Supporting business development in expanding the Compliance Support Services function with a business-oriented approach.
• Actively strive to live by and operate within the Apex core values and contribute to a culture of quality and risk awareness.

Required Skills and Experience

Other requirements

Reporting structure

The Specialist : Investment Compliance Support Services will report to the Senior Manager : Investment Compliance : Support Services, based in the Mowbray, Cape Town office.

Disclaimer : Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.

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