Investment Compliance Director

Job Title: Investment Compliance Director

Contract Type: Permanent, full-time

Location: London or Luxembourg

Department: Group Compliance

Summary of our opportunity

We’re hiring an Investment Compliance Director in Luxembourg to provide second line compliance oversight and advisory for private markets strategies, with a particular focus on ELTIF. The role partners closely with Investment Teams, Product, Distribution, Legal, Risk, Operations and key service providers to enable growth while maintaining a strong, risk-based control environment aligned to CSSF expectations and group standards.

Primary responsibilities for this role include (but are not limited to):

Second line advisory for evergreen structures in partnership with third party (ELTIF, UCITS, UCI Part II)

• Act as a senior 2nd line advisor on evergreen structures requirements across the product lifecycle (structuring, governance, disclosures, distribution set-up, ongoing obligations).

• Collaborate with different stakeholders within the firm with early engagement, clear risk assessments, and documented compliance sign-off where required.

Investment compliance oversight & monitoring

• Oversee the design and effectiveness of the investment compliance framework for private markets (risk assessments, controls, testing/monitoring approach, issue management).

• Challenge and review first line processes relating to:

• Investment restrictions and guideline compliance (as applicable to private assets)Asset eligibility and balancing of liquid and illiquid pockets. Liquidity management and other related requirements

• Conflicts of interest and related-party transactions

• Plan and execute 2nd line monitoring/testing; document results, agree remediation actions with owners, and track to closure.

Regulatory change & stakeholder management

• Monitor regulatory developments (ELTIF, AIFMD, MiFID, SFDR where relevant) and translate into impact assessments and implementation plans.

• Prepare concise materials for governance forums (Compliance/Conduct committees, risk committees, fund boards where relevant), including clear escalations and decision points.

• Coordinate effectively with partners, external counsel, depositaries, administrators, and other service providers to ensure consistent interpretation and execution.

Leadership & culture

• Operate as a senior member of the Chief Control Office: coach colleagues, contribute to standards, and help scale best practices.

• Role-model ICG values: collaboration, ownership/self-starting mindset, intellectual curiosity, and constructive challenge

Key Requirements/ Qualifications

You will have demonstrable experience of:

• Experience in 2nd line compliance within asset management, with strong exposure to private markets (private equity, private credit, infrastructure, real assets).

• Deep, practical knowledge of ELTIF requirements and how they translate into operating model and controls.

• Strong working knowledge of AIFMD and MiFID II (especially product governance/distribution). SFDR familiarity is a plus (depending on product scope).

• Experience designing and executing risk-based monitoring/testing and managing issues/remediation with senior stakeholders.

• Strong judgement and communication skills: able to simplify complexity, write clear papers, and influence outcomes.

• Fluency in English required; other European language is a plus.

What success looks like (first 6–12 months)

• Trusted 2nd line partner for private markets/ELTIF with strong credibility across Investments, Product and Distribution.

• Clear, consistent compliance approach to ELTIF and private markets distribution/product governance.

• Strong monitoring plan executed with high-quality reporting and timely remediation.

• Improved stakeholder engagement “upstream” (fewer late surprises; better documented decisions).

Our Global Benefits Framework is centred around these 3 key attributes:

• Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.

• Inclusivity – Fit for purpose and competitive, no matter who or where you are.

• Longevity – Long Term and sustainable in design