Appointed Representative - Associate

The Company

Langham Hall is one of the fastest growing businesses in the alternatives fund administration sector. It is also one of the last remaining owner managed businesses, providing premium quality accounting, administration and investor reporting services to private equity and fund clients. Langham Hall has a dynamic management and leadership team, all of whom are involved in client work which ensures a rigorous focus on quality of client work and support for the teams. The group has a presence in the UK, Jersey, Guernsey, Luxembourg, Hong Kong, Singapore and New York and 800 staff administering more than $190bn of private equity and real estate funds. Langham Hall is also a leading provider of AIFMD services, with depositary services safekeeping more than $150bn of assets. It is licensed as a Host AIFM and Depositary in the UK and Luxembourg in respect of private equity, real estate, debt and infrastructure funds.

The Role

Langham Hall is hiring a new Associate in the Regulatory Hosting team to work on Appointed Representative (AR) services. We provide services to entities needing regulatory cover for activities in managing and/or advising on real estate, private equity, infrastructure, private debt deals, sourcing and negotiating these deals and finding investors for funds and/or collective investment schemes investing into these types of assets.

This role gives ample opportunities to undertake client facing work and develop key skills in project and team management. There is a generous provision for professional qualifications and the possibility to enhance specialisation or improve soft skills. The role will suit someone who enjoys a broad remit. Whilst the focus is our AR service line and clients, the successful incumbent will gain experience in wider elements of internal compliance and projects across the regulatory hosting function, which also provides host AIFM and Operator services.

We expect the successful candidate will be familiar with the FCA regulatory compliance regime applying to these regulated activities and/or funds, whether as part of a specialist role or previous more general regulatory, legal or compliance experience. The successful candidate will need client skills and communication, an intermediate level of knowledge on financial services regulation and fund universe, organisation skills and teamwork. We would be looking for an enthusiastic, commercially minded person who is also genuinely interested in the funds sector.

Whilst the role description gives an indication of the key attributes and skills which are beneficial, we focus on team fit and eagerness to learn as well as transferable skills or experience.

Responsibilities:

• Manage and act as escalation / knowledge point for AR Analysts in relation to clients.
• Client relationship management including communication face-to-face, on the phone and via email.
• Assess risks posed by Appointed Representatives and be able to solve problems or manage resolution / escalation.
• Manage Risk Committee processes
• Assist Compliance Director with required work in relation to internal compliance requirements including if applicable regulatory capital assessments, risk assessments, Compliance monitoring, internal policies etc.
• Be involved in business development and procurement of new clients for the business where required, such as taking part in pitch calls and preparing proposals.
• Review of the onboarding process for Appointed Representatives and Approved Persons including AML and KYC review, review of forms to the FCA and review of financial information and analysis of financial position.
• Accompany analysts to in-person meetings with clients to discuss business plans and regulatory updates.
• Sign off in relation to ongoing monitoring and oversight of all Appointed Representatives
• Assist analysts in complex matters arising from the review of marketing materials relating to investment products to ensure that the contents are compliant with regulatory standards.
• Enforcement and review of analyst work output and completion of client-related tracking systems.
• Work collaboratively with team to propose solutions to regulatory issues or queries through research and discussion.
• Suggest and manage projects to improve service offering.
• Keep abreast of regulatory changes which may impact the team or Appointed Representatives and create gap analyses where required to improve existing processes.
• Update of policies and procedures to ensure that they remain compliant and appropriate for the work the team does.
• Lead sensitive and or technical conversations between Appointed Representatives or their advisors and senior management, in relation to AR regime or relevant regulatory changes.

In addition to the duties listed above, the candidate may be requested to perform other ad hoc work from time to time.

Technical Knowledge / Skills Required

• Regulatory experience, including understanding of the Appointed Representative regime.
• A thorough understanding of the principles of control frameworks and risk management processes.
• Ability to present complex information and respond to questions from within the team and from clients.
• Excellent attention to detail and an inquisitive mind-set.
• Ability to think laterally about the practical application of the FCA rules and regulations.
• Ability to solve practical problems and deal with a variety of situations for which there may be little precedent.
• Ability to work in a small team environment with focused and hardworking individuals.
• Ability to plan effectively and prioritise workload.
• The individual must have excellent interpersonal, organisational and communication skills.
• Management experience preferable – this may be through delegation or supervision of junior colleagues rather than direct management.
• Ability to communicate ideas across stakeholders of varying seniority.
• Excellent numeracy and written communication skills.
• Proficient in MS Office.

Education/Qualifications:

• Education to degree level (2:1 and above).
• Relevant compliance qualifications (CISI, ICA) beneficial.
• Previous experience in FCA regulation or working in regulated environments.