About Future Standard
Future Standard (formerly FS Investments) is an alternative asset manager dedicated to delivering attractive returns across private equity, private credit and real estate. Following its 2023 acquisition of Portfolio Advisors, FS now manages over $86 billion for both institutional and wealth management clients around the world, drawing on 30 years of experience and operating across nine global offices. The firm’s investment professionals manage a wide range of differentiated strategies across private markets and collectively manage relationships with 300+ sponsors. Future Standard’s active partnership model creates a virtuous cycle of superior market insights and deal flow, which inform the underwriting process and help to generate strong returns.
The Role
We are hiring a Compliance Associate to anchor the fund compliance function within our India GCC. This is a foundational hire in a newly established compliance team — not a process-running seat in a mature function. The successful candidate will own the day-to-day execution of fund and regulatory compliance for the firm’s private credit and private equity strategies, while also contributing to the design and continuous improvement of the compliance framework itself.
This role reports into US-based senior compliance leadership with India CoE oversight, and partners closely with investment, legal, operations, and technology teams across the firm. It is positioned for someone who wants to operate in a global compliance function with real ownership, exposure to US regulatory matters, and the opportunity to shape how the function is built from the ground up.
What You Will Own
Fund compliance and conflicts management (primary scope). You will lead the review of conflicts of interest across investments — both within individual funds and across the platform. This includes cross-fund allocation reviews, co-investment conflict analysis, related-party transaction monitoring, and the maintenance of conflict registers. You will work closely with the investment teams to ensure that the firm’s conflict-of-interest framework is consistently applied across the deal lifecycle.
Regulatory compliance and reporting. You will support the firm’s obligations under SEC and FINRA regulations as they apply to a registered investment adviser, including periodic regulatory filings (Form ADV, Form PF), policy maintenance, and rule-change tracking. You will be the India-side point of contact for regulatory monitoring and will support the US team during examinations and inquiries.
Third party risk management. You will run the periodic vendor due diligence and ongoing monitoring programme — covering initial onboarding diligence, annual reassessments, and continuous monitoring of critical service providers. This includes maintaining the vendor risk register and partnering with operations and technology on remediation of identified risks.
Trade surveillance. You will conduct weekly reviews of trade blotters to identify unusual trading activity, escalate exceptions, and maintain the surveillance log. You will partner with the broader compliance team to refine surveillance thresholds and rules over time, and to evaluate technology-enabled surveillance capabilities.
Access control and entitlement reviews. You will own periodic employee access reviews across the firm’s critical systems — coordinating with IT and business owners to validate user permissions, recertify access, and remediate exceptions in line with the access governance framework.
Function build-out. Beyond the operational scope above, you will contribute to the design and continuous improvement of the compliance programme itself — refining controls, authoring policies and procedures, and partnering with the Process Intelligence team on compliance automation initiatives.
What We Are Looking For
Required experience:
• 5 to 8 years of compliance experience within asset management, alternative investments, or financial services
• Direct exposure to fund or investment compliance — conflicts of interest, allocation review, investment guideline monitoring, or similar
• Working knowledge of SEC and FINRA regulations as they apply to investment advisers — either through direct experience in a US-regulated entity or through supporting a US-regulated affiliate from offshore
• Experience with at least one of the following: third-party / vendor risk management, trade surveillance, or access control reviews
• Strong written communication and the discipline to own a periodic reporting cadence with multiple internal and external stakeholders
• Detail orientation combined with the judgment to know when a flag is real versus noise
Strongly preferred:
• Private equity or private credit compliance experience, including familiarity with fund structures (LP/GP, parallel funds, feeder funds)
• Exposure to Form ADV, Form PF, or equivalent regulatory filings
• Hands-on experience with compliance monitoring or surveillance platforms (NICE Actimize, ACA ComplianceAlpha, Bloomberg Vault, Smarsh, Behavox, Hadrius, or similar)
• Involvement in a compliance framework build-out, control redesign, or compliance automation initiative — not just operating an existing programme
• Experience supporting an SEC examination, internal audit of compliance, or regulator-facing review
Good to have:
• CAMS, CRCM, IACCP, or equivalent compliance certification
• Familiarity with GRC platforms
• Exposure to ESG, AIFMD, or non-US regulatory regimes for context on how global frameworks intersect