Compliance Trainee

The Value of Active Minds
 

About Jupiter

Jupiter is one of the UK’s leading investment management companies with over 500 employees and £52.6 billion worth of assets under management (as at 29th March 2024).   

Jupiter provides investment services to individual and institutional investors through mutual funds (UK unit trusts, Luxembourg SICAVs and Dublin OEICs), separately managed accounts and sub-advised funds. Jupiter has experienced a period of international growth with offices open in EMEA and APAC. 

The majority of our employees are based in our London office located just minutes from Victoria station which provides stair-free access from both the Underground’s Victoria line and National Rail platforms, as well as limited road crossings to the Jupiter office. Our London office was designed to encourage employees to live active, healthy lives with floor-to-ceiling windows that allow for greater natural light and the benefit of a private balcony, table tennis room, cycle storage and on-site shower and locker facilities. The short distance to Green Park and St James' Park also provides employees with a natural space to relax during their lunch break and a healthy alternative to office-based meetings. 

We offer our UK employees a 3:2 hybrid working arrangement where Tuesdays, Thursdays and a third day of your choice are worked from the office. The other two days may be worked from home.  This facilitates collaboration and allows employees to maximise productivity whilst maintaining a healthy work/life balance.

Compliance Trainee

Investment 20/20 is an industry wide initiative designed to create more entry level opportunities into the industry and to provide you with the skills and experiences to help you start your career. This is an exciting opportunity to join Jupiter's Compliance department as part of the Investment20/20 program.

The asset management industry is heavily regulated in order to protect our clients, deliver good customer outcomes and maintain orderly and stable financial markets that we operate in. The Compliance department is responsible for ensuring that our business carries out its activities in accordance with all applicable regulatory requirements as outlined by the regulators around the world that supervise us.

We do this through the provision of advice and oversight and through the implementation and maintenance of policies and procedures that govern the way we conduct our business activities here at Jupiter,

During the Investment20/20 programme you will receive:

• A 2-year fixed term contract with the potential to convert into a permanent role

• Dedicated line managers focused on supporting your development

• A buddy from a previous intake

• On-the-job training

• Structured soft skills and technical training

• Invitations to Investment 20/20 industry and social events

• Invitations to Jupiter’s Sports, Social and Arts events

• Salary - £30,000 and comprehensive employee benefits package that includes physical health and financial wellbeing initiatives

You will have the opportunity, through the Investment20/20 Ambassador Programme, to return to your school, college or university to raise awareness of Jupiter and the Programme. In addition, we provide our employees with a comprehensive employee benefits package that includes physical health and financial wellbeing initiatives and family friendly policies, as well as Company support to make a difference to the charities that are important to you. We also offer a structured learning and development programme and sponsorship towards relevant qualifications. Our employee resource groups (including Ethnicity, Faith, Pride, Neurodiversity and Gender), Art and Charity Committees also provide further support to our employees.

At Jupiter, we’re invested in your career, offering a number of exciting opportunities across various departments. Our dedication lies in empowering your professional growth from the very start, fostering a nurturing environment that champions hard work, professionalism, and integrity. We’re committed to the growth of our employees, knowing they drive our success.

Job Introduction

This is an outstanding opportunity to join Jupiter’s Compliance department as part of a rotation scheme which will enable you to get a rounded view of how Compliance works. You will be able to select three sub-teams to rotate around during your 2-year placement, however, given how closely our Compliance department works together, you will naturally gain experience and understanding across all sub-teams through your ongoing engagement across the department. You will be assigned a manager from the Compliance team for the first year and another during the second year. This approach is aimed at ensuring you develop as many professional working relationships as possible to support your development journey.

Key Responsibilities

Three rotations (as selected by you) will be completed during the 2-year placement. The sub-teams you may select from include:

• Portfolio Compliance – Supporting ongoing fund and client mandate adherence to investment restrictions, this team focuses closely on how we manage clients investments within different financial markets around the world. Each set of client investments (funds and mandates) must be managed in accordance with certain rules which we refer to as investment restrictions. This team works closely with our Investment Compliance team and the investment managers and dealers who are responsible for making investments on behalf of our clients.

• Investment Compliance – Supporting the Investment Management team and the Dealing Team in all regulatory advice and oversight. Core responsibilities of this team include advising on whether investment management can purchase certain investments on behalf of clients, ensuring that investment management and dealing teams undertaken their activities in accordance with prescribed regulatory requirements such as achieving good outcomes for market transactions and that all clients are treated fairly when transactions are raised. This team is also responsible for monitoring transactions and electronic communications to detect any non-compliant behaviours or identify areas where guidance or training may be required.

• Product and Client Compliance – Supporting client facing activities through the provision of advice and oversight. Core areas of responsibility include reviewing marketing documentation prior to publication to ensure these meet a prescribed set of regulatory requirements and that content is clear, fair, and not misleading. Working with our product restructuring team to advise on new products and changes to existing products with a view to ensuring any changes are fair and appropriate for our clients. Overseeing how we respond to client complaints and responding to compliance related client queries.

• Central Compliance– Responsible for supporting the Head of Compliance through the ongoing operation and continuous review of our core compliance framework which governs how and when employees can trade on their personal accounts, approving or declining employee’s receipts of gifts and hospitality provided by professional counterparties and rolling out regular training to ensure all employees are aware of and competent with our many regulatory requirements and processes. This team is also responsible for researching new regulations and ensuring the broader business are aware of these changes.

• Financial Crime – Responsible for supporting the Head of Compliance through the ongoing operation and continuous review of our financial crime framework which is aimed at preventing against the risk that our business is used to facilitate financial crime such as money-laundering and fraud. Core areas of responsibility include maintaining financial crime policies and procedures, advising the broader business in how to prevent financial crime, investigating suspicions of financial crime, providing training and reporting to our boards and committees on financial crime risks and controls.

The Ideal Candidate

Jupiter’s Investment20/20 Programme is aimed at school, college leavers and graduates looking to start their careers.

We are looking for individuals with the following skills and attributes:

• Attention to detail orientated

• Excellent administrative skills

• Ability to work as part of a team

• Strong problem-solving skills

• Comfortable working with numbers

• Proficiency in Microsoft Office applications

• Strong interpersonal skills

• Effective communicators – both written and verbal

• Ability to organise and prioritise

• A proactive nature and pragmatic work ethic.

We always look for the best candidate for each of our opportunities and have no requirements in terms of educational institute attended, subjects studied, previous experience, or grades achieved.

The Process:

Phase 1:

In order that our selection process is objective and data led, we are inviting candidates to complete an online cognitive assessment (approx. 30 mins).

This will focus on your ability to perform in core skills including:

• Numerical reasoning (ability to make correct decisions or inferences from numerical data)

• Deductive reasoning (ability to think critically and problem solve)

• Motivation (assessing your motivation for the industry and role)

• Cultural add (assessing your cultural fit against the firm’s values and behaviours)

Phase 2

Successful candidates will be invited to complete a short video interview that will focus on a mixture of technical and competency based questions.

Phase 3

Successful candidates will be invited to two face to face interviews as a final step. Candidates will be given an interview time slot across 15 July – 2 August 2024.

Closing date: We encourage you to submit your application promptly, as positions will be filled on a rolling basis

Start date: October 2024

#LI-DNI

Don’t meet every requirement? At Jupiter we are dedicated to building a diverse and inclusive workplace, so if you are interested in this role, but don’t think your experience aligns perfectly with every listed requirement in the job description, we would encourage you to apply. You may be the right person for this role.