Full Time - Compliance - London, GB
Alvarium is a global multi-family office, co-investment partner and merchant banking boutique providing tailored solutions for families, foundations and institutions across the Americas, Europe and Asia-Pacific. The firm specialises in being the trusted adviser to clients with complex needs, providing institutional quality advice, investment and risk management using the full spectrum of public and private markets. Alvarium also offers direct co-investment opportunities from specialist managers focusing on alternatives and real assets to highly sought-after managers, companies and opportunities in the innovation economy.
Alvarium has over 220 employees and 28 Partners advising on circa $20bn of assets across four service lines — investment advisory, co-investments, merchant banking and family office services.
Alvarium has recently announced plans to merge with a US investment and wealth advisor firm in early 2022. The combined business, Alvarium Tiedemann Holdings (AlTi) is expected to be valued at $1.4 billion, to have combined assets under management of over $50 billion and be listed on Nasdaq and will have access to substantial capital for further investments. The focus will remain on high net-worth individuals across North America, Europe and Asia Pacific with a focus on impact or values-aligned investing.
This is an exciting opportunity for a technically strong candidate to work in a fast pace and challenging environment within a multinational private company. The candidate will join the existing compliance team in London.
In the UK, Alvarium has a wide range of FCA directly regulated firms and JV/subsidiary appointed representatives, in all about 20 regulated entities. The primary focus will be on the retail investment advisory division which manages ultra-high net worth client accounts on a discretionary and advisory basis. Other divisions, which are professional client only businesses, engage in merchant banking, corporate finance, corporate broking, real estate partnerships, managing REITs and operating an AIFM.
• Oversight of the compliance monitoring programme for the international businesses (ex. US)
• Review and assess the effectiveness of procedures and controls in practice
• Understanding how current procedures are designed to reduce identified risks
• Assessing business processes and identify risks to firm’s and regulator’s requirements
• Standardising monitoring and oversight throughout the overseas group operations
• Prepare quarterly compliance monitoring reports as appropriate to the boards of the operating firms and work with the businesses to resolve any issues identified
• Working closely with operational teams
• Working with other members of the team as necessary on special projects, e.g. corporate acquisitions and changes in control
• Promoting good lines of communication to encourage staff to report compliance issues or potential concerns
QUALIFICATIONS AND COMPETENCIES
• Strong IT skills (Outlook, Word, Excel, and PowerPoint)
• Proven to be discrete and trusted with sensitive information
• To demonstrate the ability to work independently and collaboratively as part of a team with a ‘can do’ attitude and to maintain a positive approach to working in complex situations in a busy environment.
• Ability to communicate effectively with people at all levels of seniority
• Excellent attention to detail, conscientious, diligent and proactive
• Strong interpersonal skills (verbal and written communication)
• To use initiative to progress tasks within the limits of his/her own ability
• Ability to multi-task and a proven ability to work unsupervised and operate with a high degree of autonomy