Compliance Manager - Commodities

Compliance Professionals; Greater London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player seeks a compliance specialist to lead regulatory implementations and ensure adherence to complex compliance frameworks. This role involves providing expert advice on trading and regulatory issues, managing compliance risk, and delivering training sessions to enhance team capabilities. You will play a critical role in shaping compliance strategies and ensuring that the organization meets its regulatory obligations in the dynamic commodities market. If you are passionate about compliance and ready to make a significant impact, this opportunity is for you.

Qualifications

• Practical knowledge of commodities derivative market, especially base metals.
• Strong understanding of LME regulatory requirements.

Responsibilities

• Act as compliance specialist in project teams for regulatory implementations.
• Support and guide the team in compliance risk monitoring plans.

Skills

Compliance Risk Management

Regulatory Reporting

KYC Policies

Training and Development

Knowledge of FCA Rules

Job description

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Compliance Professionals provided pay range

This range is provided by Compliance Professionals. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

THE COMPANY:

Our client is a leading provider of execution and clearing services for exchange traded derivatives and OTC derivatives in the commodities markets.

THE RESPONSIBILITIES:

• Act as the compliance specialist in project teams for complex regulatory implementations, e.g., Mifir/EMIR reporting requirements.
• Support and guide the team in implementing and managing the compliance risk-based monitoring plan, ensuring timely completion and relevance.
• Support the business with recommendations from monitoring report findings, ensuring actions are tracked to completion.
• Respond to strategic requests and advise management on proactive regulatory control actions.
• Provide accurate management information reporting.
• Offer timely front office advice and sign-off on trading and regulatory issues.
• Serve as the first point of reference for the Compliance team in providing advice to business units.
• Review policies and procedures for currency and relevance.
• Lead employee compliance training, including inductions and refreshers.
• Implement the SMCR certification process and related frameworks.
• Ensure KYC policies are documented and periodically updated.
• Manage KYC-driven system changes.
• Manage compliance registers (gifts & entertainment, PA dealing, online training, outside interests, declarations).
• Complete and submit FCA SMF applications and regulatory returns.
• Support the Compliance team as appropriate.
• Design and deliver compliance training sessions.

EXPERIENCE REQUIRED:

• Practical knowledge of the commodities derivative market, especially base metals.
• Strong understanding of LME regulatory requirements.
• Practical understanding of OTC commodity and FX markets.
• Knowledge of EMIR, MiFID2, SMCR, IFPR, and familiarity with Dodd-Frank.
• Understanding of Due Diligence rules for corporate entities, including JMLSG, FATF, EU Money Laundering Directives, and FCA.
• Extensive experience applying FCA rules (COBS, SYSC, MAR, SUP).

For further information, please contact Hannah Tabatabai.