Compliance Officer - ERISA / Collective Investment Trusts Business, Assistant Vice President

About the Role

iCapital is seeking an ERISA Compliance Assistant Vice President to support its compliance program relating to the Employee Retirement Income Security Act of 1974 (ERISA), Department of Labor regulations, prohibited transaction exemptions, and Qualified Professional Asset Manager (QPAM) requirements. This role will support ERISA-related regulatory obligations affecting iCapital's registered investment advisers, collective investment trusts, retirement-focused investment products, and retirement-plan clients. The ideal candidate has hands-on ERISA or retirement compliance experience and can independently manage defined compliance workstreams while partnering effectively with Legal, Product, Fund Finance, Investment Management, Distribution, and senior Compliance personnel.

Responsibilities

• Support the development, maintenance, and enhancement of ERISA compliance policies, procedures, controls, and monitoring programs in coordination with senior Compliance personnel and the Registered Funds CCO.
• Provide practical guidance regarding ERISA fiduciary duties, plan-asset rules, prohibited transactions, party-in-interest restrictions, and applicable exemptions.
• Support the firm’s ongoing compliance with the QPAM Exemption and related prohibited transaction exemption requirements.
• Administer QPAM monitoring and testing, including annual and periodic certifications.
• Coordinate reviews of QPAM eligibility criteria, including assets under management, shareholder equity, affiliate requirements, guarantees, and integrity standards.
• Maintain documentation evidencing compliance with QPAM conditions and regulatory requirements.
• Assess ERISA implications of investment products, distribution activities, service arrangements, transactions, and operational processes.
• Execute risk-based compliance reviews, monitoring, testing, certifications, and issue-management processes relating to ERISA and retirement-plan activities.
• Monitor developments from the Department of Labor, IRS, SEC, and other regulatory authorities and help implement required policy, control, and business changes.

Qualifications

• Bachelor's degree is required; J.D., MBA, or other advanced degree is a plus
• 5–8+ years of relevant experience in investment adviser, asset management, retirement, ERISA, legal, regulatory, or compliance functions
• Strong working knowledge of ERISA fiduciary standards, plan-asset rules, prohibited transaction requirements, and Department of Labor regulations
• Experience with QPAM compliance, prohibited transaction exemptions, or retirement-focused investment products is preferred
• Familiar with collective investment trusts, private funds, alternative investments, or institutional asset management is preferred
• Experience executing compliance monitoring, testing, certifications, issue management, or regulatory examination support
• Strong analytical, organizational, written, and verbal communication skills
• Able to independently manage assigned responsibilities, exercise sound judgment, and escalate significant issues appropriately
• Able to translate complex regulatory requirements into practical business guidance and effective compliance controls

Benefits

The base salary range for this role is $90,000 to $115,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us   X: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.