Job at a glance
Company: Mercer Description: What can you expect: Mercer Investments is Mercer’s investment management arm which manages in excess of US$650bn globally. The European Investment management business (Mercer Global Investments Europe Limited or “MGIE”) was established in 2006 and currently manages assets in excess of $180bn. Investment is via Mercer’s Irish domiciled fund range (the “Mercer Funds”) managed by Mercer Global Investment Management Limited, a UCITS Management Company and AIFM, which consists of 100+ Irish domiciled sub funds across five umbrella structures, as well as external funds and segregated mandates.
The business has experienced significant growth over the last 10 years and with a strong pipeline of activity, this looks set to continue for the foreseeable future. This growth has involved new client on-boarding, as well as more recent inorganic growth across the broader Mercer Investments group, and has seen the business further enhance its product and service offering and its position in the market.
Mercer’s Compliance Department protects Mercer’s reputation and provides advice to the Company. It understands, challenges and advises on the impact of regulation in our business, with the objective of: Actively participating in business decisions to champion our clients’ interests Collaborating with the business to position Compliance centrally in their daily work; Ensuring securing client interests is at the centre of everything we do; Cultivating and enhancing the compliance culture within Mercer; A Compliance Specialist role has become available on the MGIE Compliance Team.
This role will fall under the Central Bank of Ireland (“CBI”) Fitness and Probity Regime, and the successful candidate (subject to the completion of due diligence) will hold a CF2 role - Ensuring, controlling or monitoring compliance by a regulated financial service provider with its relevant obligations. As a CF2 role holder, you will also be subject to the Common Conduct Standards under the Individual Accountability Framework.
The roleholder will report to a Senior Compliance Manager who reports to the MGIE Chief Compliance Officer (CCO) and be responsible for assisting in the oversight and management of regulatory and other risks in respect of Mercer’s Investments business in Ireland and other jurisdictions relevant to that business, including its branches in Germany and Sweden. We will rely on you for: Monitor investment restriction and guideline breaches arising in respect of the Mercer Funds in Ireland, including sustainability related commitments across the platform.
Perform reviews and consider potential investment vehicles against the relevant regulations and fund documentation in relation to the Mercer Funds and other portfolios. Liaise with the fund manager in relation to investment issues on the Mercer product range. Support regular liaison with the depositary of the Mercer Funds, maintenance of logs and review of regulatory reports. Monitor quarterly investment management questionnaires and oversight of due diligence of investment managers.
Assistance in the review of fund documentation ahead of launch and on an ongoing basis. Roll out, tracking and review of quarterly employee declarations and oversight of the personal trading monitoring system. Develop and maintain policies and procedures supporting a culture of integrity, risk management and excellence in the Investments business in Ireland. Assist with the identification of potential risks and financial services compliance issues associated with new products, services and jurisdictions in the Investments business.
Review and approve marketing materials/RFPs for the Mercer Funds and regulated investment activities. Prepare various reports for senior members of the Investment business (as needed). Support the governance process relating to the Investments business and the entities that host this (most notably the Risk Committees and the Board). Conduct periodic comp