Deputy Compliance Officer part time 612 month FTC EXCLUSIVE INSTRUCTION

Job Description

THE RESPONSIBILITIES: Act as a delegate to the Director of Global Compliance in the Financial Crimes Committee and Risk Management Committee representing Compliance before those Committees. Undertaking a rolling compliance monitoring programme. Overseeing of the Global Compliance Monitoring departments work. Reviewing input and presenting it to the Board of Directors (the "Board"). Responsible for the Firms performance of its obligations under the Senior Managers and Certification Regime (SMCR). Providing appropriate regulatory training, including in relation to AML, TCF, SMCR, and KYC, and ensuring that required regulatory training and competence assessments are carried out by relevant staff and recorded. Overseeing compliance with FCA rules and guidance, including those relating to conduct risk. Presenting the Annual Compliance Report to the Board. Drafting and maintaining applicable internal policies and procedures to ensure compliance with regulatory requirements. All internal policies and procedures are subject to annual review or when there has been a material or regulatory change. Examples include (but not limited to) Financial Crime policies and procedures, which are reviewed annually or when there is new legislation or material change to conducting client due diligence. Another example is Remuneration Policy and the updates in light of SMCR and disapplication of some principles for Level 3 firms. Responsible for leading the investigation of suspected breaches of legal and regulatory standards or internal policies and formulating an internal response and communication with the regulator as required. Accountable for dealing with complaints by clients and ensuring that they are promptly and fairly handled. Overseeing the approval process for advertising and research material from a regulatory, compliance and reputational perspective in multiple jurisdictions. Resolving escalations of contentious and difficult matters by Compliance or Marketing departments. Responsible for ensuring that the firm cooperates with investigations by the FCA and other regulatory bodies. Managing all compliance staff and ensuring they receive the necessary support, training, and development to fulfil their roles. Responsibility to regularly present the scope and implementation of regulatory change to the Board, including the impact the regulations have on the Firm and what steps the business needs to take to ensure compliance and inform all departments affected. The business areas covered can be wide-ranging - IT, Sales, Compliance including Financial Crime, Risk, Marketing. Examples include scoping the implementation of ESMAs product intervention measures and communicating instructions to all teams, which necessitated change. Reviewing developments in AML/CTF law and regulation, including updates by relevant authorities regarding foreign jurisdictions, institutions, classes of transactions, or types of accounts that have been designated as a primary ML/TF concern, and implement any special measures that have been imposed. Responsible for handling escalations on financial crime matters as well as ensuring oversight of high risk client relationships Providing updates and advising the firm on major regulatory developments Updating senior management on the effectiveness of financial crime systems and controls; Providing ad hoc briefings to senior management on financial crime and emerging threats; and Consulting staff when needed on financial crime-related matters. Receipt and handling of suspicious activity reports from employees and Associated Persons and filing of SARs and STORs (if appropriate). Gathering relevant information to review and evaluate suspicious activity and maintaining copies of all documentation, records and communications relating to suspicious activity reported. EXPERIENCE REQUIRED: Previously FCA approved as SMF16/17 (CF10/11). Extensive knowledge and experience at a senior operational level in a similar financial services/securities institution. A strong background in the compliance aspects of electronic and web based business where there is limited direct client contact. Excellent verbal and written communication skills. Excellent interpersonal skills and experience working with boards of directors. Excellent people management and development skills. Must meet the Fitness and Propriety Requirements as prescribed by the FCA.