Associate, Compliance

About Permira

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €89bn. The Permira private equity funds make both buyout and growth equity investments in four key sectors: Technology, Consumer, Healthcare and Services. The Permira credit funds support businesses with flexible financing solutions across Direct Lending, Strategic Opportunities and CLO Management. Established in 2007, the firm advises investment funds and products which have provided approximately €25 billion of debt capital to over 300 businesses.

OVERVIEW

With teams in London, Madrid, Luxembourg, the US and Tokyo, the Global Compliance Team is responsible for ensuring Permira is compliant at all times with applicable laws and regulations across the jurisdictions in which it operates. The team works extensively with stakeholders from across the business, on both the fundraising and investment side, and with other teams across the Federation (HR, Finance, IT, Legal etc.), making this an exciting and varied role.

We are seeking an experienced, organised individual to assist with the administration of the firm’s compliance programme. Based in Madrid, and working closely with the three local Senior Compliance Associates, you will contribute to a wide range of compliance-related activities. This is a great opportunity for the right candidate to develop their compliance career in a dynamic, fast-paced, global private markets firm.

RESPONSABILITIES:

• Updating policies and procedures on an ad hoc and annual basis to ensure they are fit for purpose and keep pace with relevant business and regulatory changes.
• Operating and administering the employee compliance programme, which includes:
  • New joiner onboarding & training
  • Periodic compliance training (online and in-person) & certifications
  • Employee conflicts management (gifts & entertainment, outside business activities, political contributions, personal account dealing etc.)
  • Ensuring compliance with the FCA’s Senior Managers & Certification Regime (SMCR)
  • Administering, recording and reporting on compliance breaches
  • Reviewing and investigating alerts generated by the firm’s electronic communications monitoring tools
• Tracking and maintaining compliance records, logs and registers (such as conflicts of interest register, complaints register, restricted list etc.).
• Assisting with and/or performing compliance reviews, including supporting the Compliance Monitoring Programme (“CMP”).
• Ensuring pre-investment compliance checks on all transactions are completed, including Anti-Money Laundering (AML) / Know-Your Customer (KYC) and sanctions screening, and performing periodic KYC reviews and daily sanctions screening thereafter.
• Responding to AML / KYC and other due diligence requests received from third parties (e.g. banks, brokers, investors).
• Assisting with the production and submission of regulatory returns and filings, and internal compliance and risk reports (including to the Permira boards and various internal governance committees).
• Working with the broader compliance team and CCO on various compliance projects by working across teams, following up on deadlines, and enhancing reporting processes

DESIRED LEVEL OF EXPERIENCE AND SKILLS/ CHARACTERISTICS

We are looking for someone with a strong work ethic, who can work as part of a close team, but also be a self-starter. The successful candidate should be professional, demonstrate good communication and inter-personal skills, with a willingness to learn. Excellent attention to detail and organisational skills are vital. The role requires the individual to be able to balance multiple tasks simultaneously across a variety of work streams.

• 2 to 4 years’ experience in Compliance within a financial institution (banks, investment firms, investment managers)
• Strong analytical and conceptual thinking skills
• Excellent written and verbal skills in English
• Excellent organisational skills. The role requires the individual to manage multiple tasks simultaneously across a variety of workstreams
• As Artificial Intelligence (AI) becomes an increasingly important tool, we are keen to attract candidates with an aptitude and enthusiasm for AI tools.

Background checks including criminal record check, references and confirmation of the right to work in Spain will be required.

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