Compliance Officer, ERISA / CIT Business - Assistant Vice President

iCapital•Salt Lake, UT

1d•Hybrid

About The Position

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. The role supports ERISA-related regulatory obligations affecting iCapital's registered investment advisers, collective investment trusts, retirement-focused investment products, and retirement-plan clients. The position requires hands-on ERISA or retirement compliance experience and the ability to independently manage defined compliance workstreams while partnering with Legal, Product, Fund Finance, Investment Management, Distribution, and senior Compliance personnel. The role supports the development and ongoing operation of ERISA compliance policies, procedures, controls, monitoring, testing, certifications, and issue-management processes. It also provides practical guidance on ERISA requirements, administers QPAM monitoring and testing, assesses ERISA implications across products and business activities, and helps implement changes in response to regulatory developments.

Requirements

Bachelor's degree required.
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 executing compliance monitoring, testing, certifications, issue management, or regulatory examination support.
Strong analytical, organizational, written, and verbal communication skills.
Ability to independently manage assigned responsibilities, exercise sound judgment, and escalate significant issues appropriately.
Ability to translate complex regulatory requirements into practical business guidance and effective compliance controls.

Nice To Haves

J.D., MBA, or other advanced degree.
Experience with QPAM compliance, prohibited transaction exemptions, or retirement-focused investment products.
Familiarity with collective investment trusts, private funds, alternative investments, or institutional asset management.

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.

Benefits

Equity for all full-time employees.
Annual performance bonus.
Employer-matched retirement plan.
Generously subsidized healthcare.
100% employer-paid dental and vision coverage.
Telemedicine.
Virtual mental health counseling.
Parental leave.
Unlimited paid time off (PTO).
Hybrid schedule: in-office Monday through Thursday, with flexibility to work remotely on Friday.