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

• Second line advisory for evergreen structures in partnership with third party (ELTIF, UCITS, UCI Part II)
• Act as a senior second 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
• 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, guideline compliance, asset eligibility, balancing of liquid and illiquid pockets, liquidity management, conflicts of interest, and related‑party transactions
• Plan and execute second line monitoring/testing; document results, agree remediation actions with owners, and track to closure
• 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, risk committees, fund boards) including clear escalations and decision points
• Coordinate effectively with partners, external counsel, depositaries, administrators, and other service providers to ensure consistent interpretation and execution
• 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, intellectual curiosity, and constructive challenge

Key Requirements / Qualifications

• Experience in second 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 and distribution)
• SFDR familiarity is a plus (depending on product scope)
• Experience designing and executing risk‑based monitoring/testing and managing issues and 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 second 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).

Benefits Framework

Our Global Benefits Framework is centred around three 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

Equal Employment Opportunity Statement

Inclusion is one of ICG’s key values and we are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision‑making and contribute to better outcomes for our clients, colleagues, and the markets we serve. Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law. We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.