Compliance Manager - 12month FTC

British International Investment; Greater London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Manager to lead their regulatory compliance function. This pivotal role involves developing and managing compliance policies in alignment with FCA requirements, ensuring adherence to regulations across multiple jurisdictions. The ideal candidate will possess significant experience in a UK regulated financial institution, with a strong focus on private equity and asset management. Join a diverse team dedicated to impactful investment and contribute to the company's mission of addressing global development challenges while fostering a culture of collaboration and high performance.

Qualifications

• Significant experience in managing compliance issues in a UK regulated financial institution.
• Detailed knowledge of FCA compliance requirements for UK regulated financial institutions.

Responsibilities

• Lead the design and management of controls for FCA regulatory requirements.
• Supervise the regulatory compliance team and support their development.
• Ensure effectiveness of policies and procedures through risk-based monitoring.

Skills

FCA Compliance Knowledge

Regulatory Risk Management

Financial Regulation Advisory

Compliance Monitoring Programmes

Coaching and Development

Education

University Degree in Law or Relevant Discipline

Tools

Compliance Methodologies

Job description

Join to apply for the Compliance Manager - 12month FTC role at British International Investment

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Join to apply for the Compliance Manager - 12month FTC role at British International Investment

British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.

It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.

In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration and balances high performance with wellbeing.

BII at a glance

Over 75 years supporting sustainable business growth in developing and emerging markets

£8.8 billion in net assets

1,400+ businesses invested in

950,000 workers in the businesses we support

£9 billion in new investments planned in the next 5 years

650+ people in our diverse global team

Team and role overview

The regulatory compliance function comprises of three team members, including the compliance manager focused on Employee Compliance. The Compliance Manager will develop and manage BII’s compliance and conduct policies to ensure they are fit for purpose and meet the relevant regulatory expectations and will have one direct report.

Purpose

• BII is authorised and regulated by the FCA as a MiFID exempt Venture Capital firm. It conducts business on its own account and does not hold client assets.
• The regulatory Compliance team plays an important role in reinforcing BII’s reputation as a responsible investor, ensuring BII meets its regulatory commitments with respect to the FCA, having systems and controls in place to counter compliance risks.
• The Compliance Manager will be focused on providing technical, financial regulation advisory, the effective management of regulatory compliance risk and the design, implementation and adherence to the compliance arrangements of BII’s operations. In parallel, the Manager will promote the importance of compliance both within and outside of BII.

Responsibilities

• Lead the design, implementation and management of controls designed to effectively and efficiently meet BII’s FCA regulatory requirements
• Handle compliance matters and queries arising from BII’s operations in relation to FCA regulations and BII’s regulatory permissions
• Supervise and oversee the day to day work of the regulatory compliance team, supporting, and coaching their future development
• Ensure the effectiveness of current policies, procedures and controls by designing and implementing a risk-based monitoring programme and assist with the ongoing enhancement of the monitoring plan.
• Provide technical advisory to the investment teams in relation to the purchase or sale of listed security, including participating in bond issuances.
• Provide technical financial regulatory advise on BII’s investment activities
• Provide technical advisory on BII’s regulatory obligations in relation to the Senior Managers and Certification Regime
• Lead in facilitating the identification, assessment and mitigation of Compliance risks
• Oversee and manage the drafting and updating of the Compliance Policy Manual
• Oversee the development of the all-staff mandatory compliance training, to include Conflicts of Interest and Market Abuse.
• Keep abreast of UK compliance requirements relevant to BII’s operations as well as understanding the regulatory obligations in BII’s operating jurisdictions, specifically in Asia and Africa
• Develop the regulatory change identification process, including identifying potential technological solutions
• Lead on articulating and advising on the regulatory implications of new products or initiatives.
• Develop the investment teams’ knowledge of compliance requirements by delivering tailored training and updates at team meetings.
• Assist in the preparation of MI reports on compliance and regulatory issues for senior management ahead of board and senior management meetings.
• Support the Head of Compliance with the overseas activities and regulatory rules mapping workstream
• Support the team’s internal and external communications programme. This will include managing the Compliance intranet site

The candidate

• Significant experience in managing compliance issues in a UK regulated financial institution, with recent projects/ experience in a private equity, asset management, investment banking or alternative investment fund management organisation; Experience with operations across multiple jurisdictions and experience with an alternative investment fund manager would be advantageous.
• Experience in coaching and developing people in a small team environment;
• Detailed knowledge of FCA compliance requirements for UK regulated financial institutions, particularly in private equity;
• Must have recent hands on experience in building and implementation of compliance monitoring programmes in a private equity, asset management, investment banking or alternative investment fund management firm.
• Demonstrated interest in emerging markets, especially BII’s target geographies in Africa and South Asia;
• University degree (or equivalent) in a relevant discipline (e.g. Law)

Technical Skills

• Sound knowledge of UK financial regulation, the FCA handbook, in particular PRIN, SYSC, COCON, COND, APER, COBS, CASS, and MAR as they apply;
• Experience in the design, implementation and management of controls relating to the relevant FCA regulations;
• Knowledge of a range of compliance methodologies, tools and techniques;
• Experience in developing policies and procedures as well as preparing and delivering training;
• Experience with the management of controls relating to market abuse and conflicts of interest;
• Proven capability in evaluating and developing the compliance framework for new operating structures;
• Existing thematic knowledge of compliance issues in BII’s target geographies would be beneficial;
• Significant experience financial regulation advisory, market abuse prevention; and
• Capital Markets experience would be advantageous
• Demonstrated interest in climate finance and regulation

Personal Skills

• Systematic approach to work with an attention to detail;
• Clear ability to look and plan ahead;
• Proactively identify and address issues;
• Capability to identify and assess strategic implications of issues;
• Proficient in managing diverse views and developing a consensus around standards;
• Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders;
• Confident and articulate, with excellent written and verbal communication skills;
• Strong team player who enjoys working as part of a close team and is willing to collaborate and support the team on a variety of different initiatives and tasks;
• Highly motivated and results driven;
• Sound research and analytical skills
• Good report writing ability;
• Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.

Our cultural values

We look for team members who aspire, as we do, to work at our best and to be:

• Impact-led, commercially rigorous
• Tenacious in the face of challenges
• Collaborative and caring

British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

Please provide a cover letter with your application

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Financial Services, Investment Management, and Venture Capital and Private Equity Principals

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