Compliance, Financial Crime and Risk

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Job description

You will be the Head of the UK Compliance team of a global financial services group with responsibility to perform the compliance tasks to ensure an effective Compliance framework within the Company as well as their continuous upgrade in accordance with UK and other European standards, working in close collaboration with all departments to ensure that integrity, professionalism and adherence to applicable requirements are maintained at all times. This is the official control function role under the current FCA regulations.

 

Responsibilities

 

Update and implement changes to the compliance rulebook in accordance with FCA and European legislation. Ensure the business receives timely updates and training in accordance with the changes.

 

Identification and analysis of risks and regulations relevant to the activities of the Company (current and planned), including:

  • Maintain a mapping of relevant regulation, (e.g. FCA Handbooks, UCITs Directives, etc) to company policies and processes ensuring all applicable regulatory requirements as well as AM / Group’s internal requirements are in place

  • Perform monitoring of the implementation of and adherence to company policies and processes across the business

  • Detect evolving regulation affecting the company; proactively sharing relevant developments with relevant colleagues

  • Interpretation of the applicability to the company of regulatory developments

  • Update of the compliance framework and/or rules of the company as necessitated by regulatory developments

  • Follow-up to ensure implementation across the business of change necessitated by regulatory developments

 

Provision to the business of reliable analysis of regulatory requirements (checking as necessary with law firms and other compliance officers of the industry) as well as AM / Group internal requirements and policies

 

Proactively working with the business:

 

  • Work in partnership with the business to resolve identified compliance issues

  • Actively partner with the business to ensure that compliance input is provided for all activities of the Company including significant changes to business activities; to provide interpretation into compliance issues (e.g. private investment transactions, investment restrictions, ethics etc) and report to management

 

Performance of training and monitoring: ensure through a comprehensive training and new hire induction programme and monitoring activity to ensure that staff are aware of the above policies and procedures and comply with them; this includes:

  • Regular training on Compliance policies and rules

  • Regular monitoring of the Compliance status, including checks, reporting and follow-up of non-compliance cases

  • Regular Compliance controls on financial security, professional ethics, market abuse, client’s interest among other topics

 

Reports (regular as well as ad hoc) to Local Management on the results of:

  • violations, breaches and compliance developments

  • ensure proper and timely reporting to the supervisory authorities

     

Ensure adequate management of the relationship with internal as well as external regulators, including:

  • Handling of regulatory enquiries, inspections and incidents

  • Assistance to the business to agree and define solutions for all internal audit and Inspection

     

Participation in committees: organise and lead committees of Compliance; participate in local governance framework, i.e. Exco, Internal Controls Committee & Corporate Risk & ICAAP Committee to represent Compliance management issues (advisory and monitoring) - see Reports above

 

Team management: To manage, coach and motivate the UK Compliance team in order to achieve the required Compliance level; to set roles and responsibilities for local projects with major compliance content in order to get compliance issues addressed properly and proactively

 

As the UK Head of Compliance, you will also be required to carry out the following activities:

  • Provide proactive advice, recommendations and reports on Compliance

  • Have involvement and oversight of Compliance monitoring activities

  • Be up to date with Regulatory and Legal changes and how they will impact the Company

  • Play a lead role in the roll-out of SMCR

  • Adapt Local and Group Global policies into internal policies and procedures and ensure they are implemented

  • Provide compliance support to other UK based entities via a Service Level Agreement

  • Ensure all Group Financial Sanctions processes are applied and reported on as required

 

Although our team do try to respond to all applications, unfortunately this is not always possible.  Therefore, should we not have contacted you within 5 days of your application you have not been successful on this occasion.

Like to talk to someone about this job?

For more information contact Mark Holmes

Managing Director
Phone: 01732 746 668
Email Mark

Job description

Our client is a growing firm that provides market leading intelligence and solutions to a broad range of financial services firms. Our client is now looking for an individual to lead their growing Regulatory Content Operations Team.

Do you want to be part of a rapidly growing small company, providing market leading intelligence and solutions to a broad range of financial services firms, including some of the largest in the world?

Our client is a fast growing Regtech start up and independent think-tank which provides intelligence to help the financial services industry implement regulatory change in a faster, cheaper and safer manner. They have utilised their unique, independent position in the market to achieve results through our innovative approach, collaborative model and our state-of-the art platform, which has been making waves in the regulatory change space.

As a part of our client's continued plans for growth, they are now looking for an individual to lead their small but growing Regulatory Content Operations team, who are responsible for the sourcing and loading of regulatory information onto this platform. The successful candidate will not only be responsible for expanding the current small existing team, but will also be expected to manage the development of significantly new internal processes and systems with a view to increasing business efficiency, customer quality as well as handling increased volumes.

This role offers a fantastic opportunity to work in a small organisation with big aspirations. Attitude & aptitude are as important as experience - our client is a dynamic business where talented people who fit naturally with our culture will thrive.

This role is based in Central London and will report directly into the COO.

The successful candidate will have:

  • A solid understanding of the key Regulators and the initiatives that they are looking to implement in the European Financials Services market (knowledge of the US and Asian markets would also be desirable)

  • Excellent problem solving & analytical skills with an ability to prioritise & work independently as well as in a team environment

  • Well-developed interpersonal skills, a personable and confident presentational manner and excellent written and spoken English

  • A "make it happen" personality who has the necessary attention to detail - someone who does what it takes (in a professional way) to get the job done

  • A creative, pragmatic & analytical approach - you will be able to provide recommendations & make decisions

  • A dedicated customer care focus & approach with a keen eye for detail as the users of our content are looking for a consistent high level of quality

  • Solid technical understanding & be able to converse across all areas of the business about future possibilities of operations technologies & know when to challenge our management team & tech teams

  • An ability to initiate & drive projects to completion with minimal guidance

  • A resilience to change - someone who responds & thrives in constant change & evolution

    In addition, the following skills are desirable:

  • Been an operations manager with experience of building and motivating a team within a fast-moving environment

  • Previous relevant experience in financial services

  • Knowledge of other major languages.

    The responsibilities of the successful candidate will include:

    Overall

  • Defines and implements a strategy for the Regulatory Content operations, solutions development and management - assists management in setting goals that promote company growth

  • Prepares budgets that balance growth requirements and continuous improvement efforts in line with operational realities.

  • Ensuring financial targets and other agreed targets are met in all departments

    Customer satisfaction

  • Ensuring that all aspects of the Regulatory Content operations area are centred around delivering an excellent customer experience

  • Work with the other areas of the firm to ensure that customer requirements for a quality product that is delivered in a timely manner are met

  • Develop customer feedback mechanisms and scorecards to identify and prioritise areas for improvement of customer satisfaction

    People / resource management

  • Foster a positive working environment and ensure high levels of staff satisfactions at all times in order to get the best performance from the staff

  • Build a well trained team that is capable of flexibly working to deliver the high levels of customer satisfaction that is required

    Workload management

  • Plan and manage team’s workloads to meet goals (especially customer satisfaction ones) and deadlines

  • Transform an “english only operations into one that can handle multiple languages

  • Works closely with other areas to promote efficient optimisation of processes

  • Develop produces and guidelines that are not just a book on the shelf, but are a “living” document that allows the team to continuously learn from its mistakes

    Automation

  • Technology is key to delivering the above. Push the limits of what is capable to ensure that what we are asking our staff to do adds significant value to the customer and the firm.

 

Although our team do try to respond to all applications, unfortunately this is not always possible.  Therefore, should we not have contacted you within 5 days of your application you have not been successful on this occasion.

Like to talk to someone about this job?

For more information contact Mark Holmes

Managing Director
Phone: 01732 746 668
Email Mark

Compliance Officer - Advisory & Monitoring

Salary: £60,000 - London

Job description

To provide compliance advice to the Capital Markets FICC business while also executing the risked based monitoring program. This role would be fantastic for someone looking to break out of a central compliance silo and get closer to the 1st line.

 

Responsibilities

  • Provide compliance advice to the FICC business including: responding to ad hoc queries, provision of input to formal projects, new products and business proposals, consideration of reputation risk matters, policy updates, training and assessing regulatory change.
  • Execution of a risk based compliance testing program including: risk assessment, business reviews, thematic reviews and testing, and surveillance and logging, escalation and ensuring resolution of relevant items.
  • Execution of the local and global testing program to include, local, global, desk and thematic reviews.  Completion of ad hoc reviews as required.
  • Undertake various core compliance processes including: regulatory liaison, reporting, registrations, licensing, gifts & entertainment, employee trading, conflicts, projects and breaches.
  • Assess regulatory change and ensure that the bussiness are aware of proposals and implemented rules changes.
  • Facilitating coordination with other internal control functions as required, e.g. Internal Audit and Operations.

 

Although our team do try to respond to all applications, unfortunately this is not always possible.  Therefore, should we not have contacted you within 5 days of your application you have not been successful on this occasion.

Like to talk to someone about this job?

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

Job description

The Conduct & Control team is responsible for ensuring the first line of defence performance, by enforcing controls and monitoring behaviours. This role as the leader of Regulatory Conformance will fit into a wider team covering risk monitoring policy and supervision.

 The Regulatory Conformance function is responsible for monitoring and advising upon regulatory developments in relation to global markets trading.  The function assists the Bank in responding to these regulatory developments through regulatory review, business impact analysis and the coordination of and assisting with, implementation programmes to ensure that the Bank is fully compliant with the regulatory and legislative requirements of the markets in which we operate.

Regulatory Conformance leads the management and delivery of strategic regulatory change initiatives across Global Markets. To work with the Front Office Senior Managers and Certified Persons to ensure they understand and comply with all Regulatory change, required training and that line managers have MI to track conformance. This includes identifying, assessing, monitoring and reporting on the implementation and evolution of the key policies and procedures responding to the changing regulatory framework. To foster a regulatory awareness culture in the Front Office to reduce control breaches and Operational Risk incidents. Drive the implementation of the Three Lines of Defense model ensuring performance of the First Line of Defense (Front Office).  Perform cyclical process of framework evaluation & challenge to ensure we are aligned to industry good practice.

Key Responsibilities / Accountabilities

  • Managing and leading the Regulatory Conformance function within Global Markets
  • Strategic regulatory advisor to Front Office stakeholders on regulatory change initiatives
  • Own the operating model and strategic planning for the Regulatory Conformance pillar, guiding management on the key requirements for provision of MI that is fit for purpose and adds value, balanced with interim solutions for current state monitoring.
  • Liaising with the Head of Regulatory Change and other stakeholders to ensure Front Office is fully engaged and forward looking in its approach and implementation.  
  • Leading, developing, and engaging with the implementation of Compliance led and Bank wide regulatory change programmes
  • Helping to establish a compliance and regulatory control framework for identifying and reporting on regulatory change
  • Member of the Strategic programmes delivery for all regulatory change projects
  • Developing and implementing end-to-end management information on all regulatory change programmes in order to execute against Business and Compliance strategy
  • Advising upon and embedding regulatory change control frameworks
  • Liaising with and managing regulatory interactions with the Bank’s regulators on regulatory change mandates where required on behalf of the Front Office.   
  • Providing governance and oversight of all regulatory change topics, including the assessment and integration of international change considerations in the network branches and offices.
  • Supporting, assisting and managing (where applicable) the executive committee regulatory change governance forum
  • Implementing, drafting and delivering training content as applicable
  • Implementing and tracking remediation and corrective items to enhance control frameworks
  • Ensuring that at the close of any regulatory change programmes, the accountable departments have confirmed that the necessary control frameworks are in place
  • To identify and respond to Operational risk incidents using identification, escalation, investigation, and remediation/risk acceptance approach. This includes working with the 2Nd Line of Defense Operational Risk in assisting a fair and proper investigation (e.g. breaches of staff policy, operational risk incidents)
  • Attend industry forums relating to Conduct and Control to ensure we are keeping pace with good practice and new dangers in the market place.
  • Develop Business Management and Desk Head relationships to influence & encourage a tone from the top, providing the tools they need linked to the Senior Managers Regime and within our regulatory and shareholder commitments
  • Managing, mentoring and developing any direct report(s) through team meetings, training plans and goal setting via the 360 annual review process. Where manager experience is needed, to take training/courses to ensure that you are ready to accept responsibility in the future.

 

Although our team do try to respond to all applications, unfortunately this is not always possible.  Therefore, should we not have contacted you within 5 days of your application you have not been successful on this occasion.

Like to talk to someone about this job?

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

Compliance Monitoring Senior Assosicate

Salary: £75,000 - London

The Role

To undertake in-depth private banking desk reviews and compliance monitoring in accordance to FCA and European legislation.

This position will play a vital role in delivering the control framework for an expanding and progressive business.  Assisting the Compliance Monitoring Manager on a day-to-day basis, including deputising where appropriate, the candidate will perform a wide variety of activities, including testing, reporting, co-ordination and other assurance functions. 

Monitoring Responsibilities

Assist the Compliance Manager in all aspects of delivering the complaince monitoring programme

Carry out desk based and thematic reviews across the private bank, as part of the second line of defence.

Carry out monitoring tasks independently or in collaboration with other monitoring team members

Business-facing reviews of key business activities and adherence to controls

Composition of reports of completed reviews and monitoring activities

Tracking and follow up of recommendations and actions

Other Compliance Duties 

Large Holdings and Takeover monitoring (and reporting where relevant)

Transaction reporting

Reviewing, investigating and clearing system driven transaction monitoring alerts (daily and monthly)

Reviewing, investigating and clearing market abuse and best execution alerts

Staff dealing reviews

Gifts & Entertainment reviews

Experience, Skills and Competencies Required

Methodical, structured and rigorous approach to delivery

Strong problem solving and analytical skills

Excellent organisation skills

Ability to prioritise and work on own initiative.

Excellent oral and written communication skills

Ability to foster strong working relationships within the team and with the businesses

Like to talk to someone about this job?

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

Head of Regulatory Research and Market Insight

Salary: £90,000 - £100,000 - London

This is a great opportunity to work for a firm who is the leading source of intelligent information for the world's businesses and professionals, providing customers with competitive advantage. Intelligent information is a unique synthesis of human intelligence, industry expertise and innovative technology that provides decision-makers with the knowledge to act, enabling them to make better decisions faster. Our client delivers this must-have insight to the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization.

 Role Summary:  The Policy Team is responsible for the Policy, Customer Due Diligence (CDD) Standards, related Lists, Screening Policy and Monitoring Policy, as well as equivalent Policy documents for each jurisdictional Utility.  

Policy Team members specialize in certain areas according to expertise, interests and role requirements. However, the Team’s success is based upon its practice of collaborating and working collectively as single unit. This allows for a dynamic environment where team members are continually challenged to expand skill sets and expertise, and also to support each other achieving team goals.

The Head of Regulatory Research and Market Insight will assist the Global Head of Policy and Standards, Risk Managed Services  in the development, maintenance, operational implementation and oversight of the Policy. From time to time, the Head of Regulatory Research and Market Insight may be called upon to also support the Regional Policy Heads, the Head of Policy Governance and Change and the Head of Policy Compliance.

Responsibilities / Accountabilities:

Regulatory Research:

•Research, analyse and stay current on existing and new global AML and KYC laws and regulations through regulatory “horizon scanning” and other means

•Research, analyse and stay current on existing and new global AML and KYC trends through regulatory “horizon scanning” and other means e.g., reading speeches given by relevant regulators and industry leaders

•Recommend enhancements or changes to the Policy based on research on new or changing AML and KYC laws, regulations and/or market trends

•Draft revisions  to the Policy to incorporate and address new and/or changing AML and KYC laws and regulations and/or market trends

•Produce timelines of AML and KYC regulatory changes with key milestones for implementation

•Produce relevant project plans and communications plans to address regulatory change in the Policy

•Provide advice on global AML and KYC laws and regulations

•Research and analyse other laws and regulations e.g., those related to trade and economic sanctions, bribery and corruption, FATCA, MiFID and others, at the request of the Global Head of Policy and Standards or other Policy team members

•Attend industry meetings to stay current on financial crime related laws and regulations and market trends

•Market Insight:

•Draft and update reference material e.g., Market Summaries and Law Enforcement Summary Reports

•Draft white papers related to regulatory developments, market trends and innovation and industry best practices

Required Essential Skills/Experience:  Successful candidates will be ethical, highly motivated, diligent, self-starters, team players and have the gravitas to engage with senior internal and external stakeholders. 

Successful candidates should have:

•Strong intellectual interest in legislative and regulatory frameworks

•Strong knowledge of AML,  KYC  and sanctions laws and regulations

•Experience of interpreting laws and regulations and translating them to Policy and operational requirements

•Essential business experience and analytical skills including:

◦Analysing complex issues and proposing alternative solutions to issues

◦Analysing concerns/issues raised by stakeholders in multiple global locations

◦Identifying solutions through creative thinking and goal-oriented research and analysis

◦Amending policies and preparing guidance and procedures to implement changes

◦Executing complex projects

◦Building rapport and strong working relationships with internal and external stakeholders at all levels of seniority

◦Developing consensus across disparate internal and external stakeholders

◦Managing change with multiple stakeholders

◦Liaising with dispersed teams

◦Working with clients

◦Working under pressure to meet tight deadlines

Preferred Experience:

•Prior employment with a regulated financial institution

•Prior employment with a Regulator

•Knowledge of client data and processes e.g., completion of KYC  records

•Knowledge of KYC utilities and/or managed service providers

•Experience with drafting business requirements to facilitate technical changes

•Basic understanding of KYC on-boarding workflow platforms e.g., GoldTier

Education / Certifications:

•University degree, preferred

•Law degree, preferred

•International Compliance Association (ICA), Diploma level in AML and/or KYC or Association of Certified Anti-Money Laundering Specialists (ACAMS) certification, preferred

 

Like to talk to someone about this job?

For more information contact Jemma Graffin

Senior Consultant, Regulatory Consulting
Phone: 01732 746 668
Email Jemma

Contributes to the overall success of Euopean Compliance in the UK ensuring specific individual goals, plans, initatives are executed and delivered in support of the team's business strategies and objectives.  Ensures all activities conducted are in compliance with governinig regulations, internal policies and procedures.

 

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

 

Responsible for the UK Monitoring and Testing program.

 

Overseas local surveillance activities.

 

Understand how the Bank's risk appetite and risk culture should be considered in day-to-day acitivities and decisions.

 

Activitely pursues effective and efficient operations of his / her respective areas, whiles ensuring adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML / AFT risk and conduct risk.

 

Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment: communicating vision / values / business strategy and managing succession and development planning for the team.

 

Monitoring and Testing:

- Ownership of this program.

- Development and maintenance of the UK Compliance testing reviews methodology and     associated procedures.

- Creation, maintenance and review of the annual and multi-year testing plan.

- Creation, maintenance and review of the monitoring log and review of the effectiveness of   monitoring.

- Plan and conduct desk-based compliance reviews to assess the effectiveness of the Bank's policies and procedures.

- Track, assess and report on the status of remedial action identified within reports until   resolved / concluded.

- Instigate reviews and investigation into regulatory queries and alleged rule breaches.

- Ensure appropriate trend analysis is completed and that findings are clearly communicated.

- Conduct appropriate inquiries and investigations to neusre that appropriate corrective actions and/or risk mitigation actions are implemented in a timely manner or are escalated.

- Ensure any findings of the testing undertaken are clearly communicated to the Head of Compliance and/or Senior Management as appropriate.

- Complete monthly management informatino for the status of the testing plan as well as additional local management information requested by the HoC.

 

Surveillance

- Oversee local surveillance activies.

- Work with shared services model on surveillance activities including atending committee and working group meetings.

- Act of UK representative on technology projects to enhance surveillance functionalities.

 

Regulatory

- Keep abreast of UK and European legislation and regulatory developments and assist with the preparation of regulatory change reporting to keep management up-to-date on relevant legal and regulatory developments.

 

Policies, Procedures and Controls

- Ownership of the UK Compliance Testing Plan and Reviews Procedure.  Co-ordinate input from other members of UK Compliance.

- Assist with the formulation of new processes and /or systems to strengthen the controls environment Europe businesses operate within.

 

General

- Ensure prompt escalation of compliance issues.

- Maintain compliance knowledge through appropriate training and monitoring of emerging regulatory, legal and Group initiatives and requirements.

 

Direct Reports

  • Responsible for the M&T team and any staff within the team.

 

Key Skills

  • Degree educated or equivalent
  • Solid relevant compliance experience in a financial institution.
  • Intermediate knowledge and understanding of securities/banking rules, regulations, by-laws, policies and procedures.
  • Intermediate knowledge of UK regulatory rules and principles and in particular SYSC and how these rules apply to compliance monitoring and reviews
  • Experience of multiple stakeholder management at mid-senior management level, including stakeholders from the business as well as third party organisations

 

General Competencies

  • Good understanding of the firm’s business practices, organizational structure, policies and procedures
  • Strong written and verbal business communication skills
  • Good management skills
  • Strong analytical skills and a keen eye for detail
  • Capable of simultaneously handling multiple tasks and meeting stringent deadlines
  • Well-developed interpersonal skills in order to provide a high level of service and maintain working relationships with assigned client groups and team members
  • Able to recognize and handle sensitive and confidential information
  • Self-motivated, confident and capable of working both independently and in a team environment
  • Superior planning, organizational and time-management skills
  • Results oriented and high achiever
  • Reliable, consistent and disciplined
  • High level of integrity
  • Tactful, diplomatic and politely persistent
  • Advanced knowledge of MS Office and software tools as applied to the position.

Like to talk to someone about this job?

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

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