Associate Director/Director – Asset Management Regulation & Sound Practices (UK office)
Published: 20 November 2017
Salary and title dependent on experience
AIMA seeks an experienced policy and regulatory professional for its busy Asset Management Regulation team within the Government and Regulatory Affairs Department. The role will focus primarily on matters affecting investment managers and the funds they manage. Key areas of focus in the near-term will be the upcoming review of the Alternative Investment Fund Managers Directive (AIFMD) and potential amendments to the AIFMD and the UCITS Directive. Areas of focus will vary over time.
AIMA is a trade association representing the global alternative investment management industry. Headquartered in London, AIMA services approximately 1,900 corporate members, in over 60 countries. AIMA is the leading industry advocate, maintaining close dialogue with national and supranational policy making institutions, governments and regulatory agencies, providing responses to important regulatory and tax consultations and developing sound practices and industry guidance for our members.
AIMA has also established the Alternative Credit Council, which is an association within AIMA devoted to representing the private credit industry, with a view to securing sustainable development of the sector. It is the sole global trade association representing the interests of the private credit and non-bank finance participants in asset management.
Working within a trade association is unique. It combines deep knowledge of the law and the business of member firms with a prominent advocacy component and public policy outreach. Our Government and Regulatory Affairs Department manages all matters relating to regulatory and tax issues of relevance to the AIMA membership base. The growth of our specialist industry and the substantial increase in issues, particularly over the last eight years, means that the department’s role has become a crucial one.
Role: Associate Director/Director – Asset Management Regulation and Sound Practices (reporting to the Global Head of Asset Management Regulation and Sound Practices)
AIMA has built an exceptionally high reputation for representing the interests of the alternative investment management industry globally. The level of its output is matched only by its attention to detail and professionalism and a desire to reflect the unique characteristics of its membership.
The successful candidate will work on a number of projects, often with the assistance of working groups made up of members and would be expected to assume personal responsibility for specific work-streams. In addition, the successful candidate will be required to work in conjunction with the other teams within the GRA Department it is essential that there is a smooth transition from the advocacy and legislative process work undertaken by those teams to the interpretation of what the final rules mean in practical terms for the AIMA membership. It will be the responsibility of the successful candidate to manage that transition effectively.
The position requires adequate experience and an individual who operates with a high level of autonomy and initiative. He/she will need to demonstrate familiarity with, and knowledge of, many different regulatory regimes; to track developments efficiently in a wide range of jurisdictions and to set out AIMA's guidance on relevant topics clearly and accurately publicly and in private meetings. There is significant scope for the individual to grow and develop the role.
As well as having a solid knowledge of and experience in financial services regulation, the successful candidate will be able to display a thorough knowledge of how alternative funds operate on a day-to-day basis. A legal, compliance, operational or other relevant industry or trade body background and/or experience within a governmental or similar agency is likely to be essential.
The role includes:
- reporting to the Head of Asset Management Regulation and generally assisting him/her and the Head of the Government and Regulatory Affairs team in their day-to-day roles;
- writing and editing policy and regulatory submissions as well as sound practice guides and other guidance;
- assisting/collaborating with colleagues from AIMA's other departments;
- organising and running specialist member committees and working groups to handle specific projects and initiatives of interest to the membership, including updates for members or briefing notes for colleagues;
- responding promptly to members' queries and requests on regulatory issues;
- keeping members up to date with the association's publications and the global regulatory and industry environment in which it operates;
- attending, and speaking at, industry events on regulatory issues and networking with members and industry participants; and
- liaising with AIMA's offices globally and with members acting locally in different jurisdictions and, when necessary, travelling in connection with the above work.
Required skills and experience for this position include:
- enthusiasm for the alternative investment management industry;
- proven experience - gained at a law firm, asset management industry or other appropriate experience in the financial services sector, government or regulatory agencies (minimum 5 years);
- excellent writing and editing skills in English;
- very good organisational and project management skills;
- a good knowledge of financial services law and regulation in the EU and/or US;
- good research skills;
- the ability to communicate effectively with both regulatory representatives and members;
- the ability to absorb and organise substantial amounts of both general and detailed information and to disseminate and 'distil' it in a manner readily accessible to AIMA members and in good English;
- attention to detail, diligence, accuracy and thoroughness in the written and spoken word;
- the ability to adapt to and fit in with AIMA culture;
- a 'can do' attitude - including a willingness to tackle a broad range of work and to work enthusiastically and happily within a small team in a small office but in a global context; and
- the ability to work under pressure and to represent AIMA professionally and positively, both internally and externally.
This is an excellent opportunity for you to take the next step in your career and join this growing international trade body with an excellent reputation globally. We are committed to helping you to achieve your professional goals.
Ongoing eligibility to work in the United Kingdom is required.
Please call for further information and/or forward your CV, together with salary expectations to:
Tel: +44 (0)20 7340 6487