ADVANCED

Head of Compliance

This well-established and rapidly growing investment advisor is looking to hire a UK Head of Compliance to support investment activities for its growing client base.

The successful candidate will take responsibility for establishing an independent Compliance function. They will report directly to the Chief Operating Officer and will be responsible for all aspects of Compliance including remedial work and policy formulation. Using their legal skills they will also provide internal legal advice and liaise with the firm’s external legal counsel.

Duties will include:

Compliance

  • Lead the firm’s Compliance operations by directing and coordinating activities to ensure that the firm’s compliance regime and processes are maintained in accordance with current and future regulatory policy (TCF, MIFID, AIFMD, RDR, etc)
  • Manage the firm’s compliance with AML requirements that pertain to UK Wealth Managers
  • Ensure the submission of regulatory returns to the FCA in a timely manner
  • Devise appropriate compliance policies for approval by senior management / the Board
  • Supervision of some US Compliance activities where appropriate, such as monitoring of personal trading
  • Devise compliance procedures, including customer due diligence measures, record keeping, risk assessments and management and control systems
  • Analyse and interpret regulatory developments in the EMEA region
  • Identification of compliance risks
  • Carrying out risk based monitoring and preparing related reports
  • Development and maintenance of management information
  • Issue to the senior management and the Board an annual compliance report
  • Inform, advise and educate business units and senior management of all compliance and AML responsibilities
  • Participate in external industry groups

Legal

  • Responsibility for the firm’s standard client agreements and fund legal documents to ensure that they meet best practice
  • Liaison with legal advisors on these agreements
  • Internal advisor for non-disclosure agreements and other similar legal documents

The ideal candidate will have:

  • A legal background, ideally having trained as a solicitor/lawyer before specialising in a financial services compliance role
  • Experience of operating in the capacity of CF10 and 11 in the Fund Management, Private Bank or Wealth Management space, or as a number two who is ready to take on those functions for the first time
  • Excellent understanding of the regulatory and AML environment
  • Excellent working knowledge of rule books, in particular COBS
  • Outstanding communication skills and the ability to engage effectively with staff at all levels
  • Thorough understanding of the regulatory environment as it relates to retail clients

This is a chance to take the lead in a high profile firm and ensure the compliance function is both robust and fit to support the business.

Please apply here