Chief Compliance Officer

Arbuthnot Latham; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a seasoned Compliance Officer to lead the Compliance department and ensure adherence to regulatory standards. This pivotal role involves providing strategic compliance advice, managing compliance risks, and fostering a culture of informed risk awareness across the organization. The ideal candidate will possess extensive knowledge of regulatory frameworks and a strong background in banking and investment services. Join a dynamic team that prioritizes customer interests and aims to achieve sustainable growth while navigating the complexities of compliance and risk management.

Qualifications

• Extensive knowledge of regulatory compliance and risk management.
• Long-term leadership experience at both team and senior management level.

Responsibilities

• Provide compliance and risk-focused advice to decision-makers.
• Manage and oversee the Compliance department and its resources.
• Advise on conduct and compliance risks of new strategic initiatives.

Skills

Regulatory Compliance

Risk Management

Leadership

Data Protection Law

Banking and Investment Services

Education

Degree

Compliance Diploma Level 4

Job description

We are looking to appoint an experienced financial services Compliance Officer to maintain and develop an effective conduct and regulatory risk framework to ensure that the Arbuthnot Latham (AL) Group (Core and Subsidiaries) operates in compliance with all regulatory requirements.

Main objectives

• Provide compliance and risk focused advice and challenge into decision making at all levels of the Group, balancing risk and reward with the objective to profitably grow the business over the long term.
• Act as the independent second line of defence in accordance with AL’s three lines of defence model, providing oversight and guidance as appropriate.
• Manage and oversee the Compliance department including all resources therein.
• Be part of the Risk Oversight function Senior Leadership team.
• Be part of the AL Senior Leadership team.
• Place the interests of customers at the centre of all activities, act in a way that is consistent with achieving good outcomes for consumers; and comply with the FCA and PRA's Conduct Rules.

Key Responsibilities:

• As SMF16 (Compliance Oversight Function) comply with all responsibilities as detailed.
• Embed a positive culture of confident and informed risk awareness within the AL Group through training, communication and promotion of the agreed Conduct/Regulatory risk framework.
• Regularly engage with the firm’s Executives to understand the conduct and regulatory risk relating to their areas, providing advice and guidance where appropriate, and escalating any concerns to either the CRO and/or the Chair of Risk Committee.
• Own the Compliance Strategic Plan and Compliance Terms of Reference ensuring they are updated annually to reflect AL’s overall strategy, risk appetite, business model and regulatory environment.
• Monitor, analyse and communicate current and future regulatory changes.
• Advise on the potential conduct and compliance risks of new strategic initiatives including acquisitions and new business activities.
• Advise and guide Senior Management, in co-operation with the Head of Legal, to ensure that all terms and conditions relating to clients, compliance policies and procedures are documented and kept up to date and that they reflect current regulatory requirements.
• Advise and oversight of the Senior Management and Certification Regime (SMCR).
• Be responsible for the risk based Compliance Monitoring Plan.
• Be responsible for the Compliance Training Plan.
• Manage the FCA/PRA day to day relationship for AL.
• Be the responsible person for FATCA/CRS and Qualified Intermediary (QI) regime.
• Be the firm’s Data Protection Officer.
• Resource, develop, performance manage and motivate the Compliance team.
• Actively engage with and contribute to the overall functioning of the Risk Oversight Function and its strategic objectives.
• Adhere to the Code of conduct as set out by the PRA/FCA and described in the Arbuthnot Latham Compliance Manual.
• Accountable for managing the risks detailed in the department’s RCSA on day to day basis.
• Responsible for managing risks inherent to the role by diligently observing internal policies and procedures.

Risk:

• Accountable for managing the risks detailed in the department’s RCSA on day to day basis.
• Oversight of department Risk and Control Self Assessments (RCSA) for conduct and compliance risks.
• Oversight of conduct risk reporting. This covers committee reporting including risk tolerances and RCSA based risk reporting.
• Support for the Conduct Risk Committee including coordination of the production of the committee reporting pack.

Key Interfaces:

• CEO
• Chair of Risk Committee
• Arbuthnot Latham Board
• AL Executives and functional heads
• Subsidiary Executives
• External Regulatory bodies including the FCA, PRA, HMRC and ICO.
• Professional bodies and Trade bodies including UK Finance, CISI and PIMFA.

Person Specification

Knowledge / Experience/Skills:

• Extensive knowledge and experience of regulatory compliance, including the FCA Handbook and PRA Rulebook.
• Experience of Banking and Investment services gained within a Banking environment.
• Detailed understanding of high net worth, retail market place and appropriate regulations.
• Sound knowledge and insight into the operations of the FCA and PRA (or future regulatory authorities).
• Good understanding of Data Protection law and the requirements of the ICO.
• Long-term leadership experience at both team and Senior Management level.

Qualifications:

• Ideally educated to degree standard.
• Ideally qualified to compliance diploma level 4 or equivalent compliance related qualification.