Compliance Officer and Money Laundering Reporting Officer SMF16 & SMF17 Leeds or Manchester

Job Description

Responsibilities include:

• Establishing and maintaining effective systems and controls for compliance with applicable regulatory requirements and standards
• Maintaining compliance procedures and processes to ensure they comply with all relevant regulatory requirements and work to embed them in the business
• Developing and managing the achievement of the annual compliance plan and compliance monitoring plan
• Conducting regulatory horizon scanning and ensuring the compliance universe is kept current
• Developing training plans and delivering compliance training as required
• Carrying out thematic reviews and enhancement projects of key areas e.g. data protection, conflicts of interest, AML
• Identifying and assessing the compliance risks associated with the organisation’s current and proposed future business activities, including new products, new business relationships and any extension of operations
• Supporting and developing relationships with stakeholders at all levels of the business and playing a lead role in embedding an effective compliance culture
• Advising management on the applicable laws, regulations, rules and standards and informing them about any developments in these areas
• Assessing the appropriateness of internal policies, procedures and guidelines, ensuring a follow-up of any identified deficiencies, making recommendations for amendments where necessary and supervising the implementation of corrective measures
• Monitoring compliance with internal policies, procedures and guidelines by performing regular and comprehensive compliance risk assessments and testing; reporting the results on a regular basis and promptly where deemed necessary to the Board
• Providing a central point of contact for all information on compliance-related issues (e.g. breach of regulation, non-respect of procedures, conflict of interest)
• Ensuring all compliance reports are submitted promptly and accurately to the regulator
• Liaising with relevant external bodies and regulators on compliance matters
• Maintaining the firm’s operational risk management assessment and reporting relevant significant risks to the Board as applicable
• Challenging the business perception of risk
• Oversight of the Company’s compliance with the FCA’s rules on systems and controls against money laundering and for countering the risk that the firm might be used to further financial crime. It is specifically noted that these systems and controls mustenable the firm to identify, assess, monitor and manage money laundering risk
• Monitoring the day-to-day operation of the organisation’s Anti Money Laundering/Counter Funding Terrorism policies, and responding promptly to any reasonable request for information made by the FCA, NCA or any other law enforcement agencies
• Establishing the basis on which a risk-based approach to the prevention of money laundering/terrorist financing is put into practice and reviewing the approach on a regular basis
• Responsible for all the AML reporting requirements and operating within the required standards
• Overseeing the investor sign off procedures for investors in the Company as well as assisting in wider investor relations where necessary
• Managing the delivery of responses to due diligence questionnaires and information requirements for prospective investors in the Company
• Being an active and engaged member of the Senior Management Team of the Company

• Supporting investor relations and marketing efforts – reviewing materials and categorisation of clients
• Providing oversight and developing the business’ understanding of regulatory risk
• Identifying commercially viable solutions to the application of regulatory requirements
• Providing regulatory support to projects and change initiatives
• Preparing Executive and Board level presentations

• Undertaking any other duties as may reasonably be required of you, commensurate with your position in the organisation, including performing the role of Company Secretary

The role will be based in either Manchester or Leeds.Person Specification:

• Broad experience of the regulatory requirements and expectations from both the FCA’s and the industry’s perspective;
• Ability to relate to all levels of employees, plus be credible with the FCA and industry bodies
• Strong regulatory awareness; previous experience of managing relationships with the Regulator
• Experience of running a compliance function within financial services, particularly investment management
• Experience in implementing and maintaining effective corporate governance and risk controls
• Strong technical knowledge of investment management practices
• Strong regulatory and financial crime skills
• Strong challenge ethos and ability to act as an independent party within the business.
• Excellent interpersonal skills
• Clear communicator with suitable gravitas for dealing with the regulator and stakeholders
• Creative and strategic thinker
• Pragmatic and practical approach to regulatory requirements
• Ability to identify regulatory and business risks and address them rigorously
• Able to influence change