Compliance Manager - Commodities

JR United Kingdom; London; On-site; GBP 60,000 - 95,000; Full time

Job summary

An established industry player is seeking a Compliance Manager to oversee regulatory compliance in the commodities sector. This role involves acting as a compliance specialist, supporting project teams, and providing guidance on regulatory issues. The ideal candidate will have practical knowledge of the commodities derivatives market, particularly base metals, and a strong understanding of LME regulatory requirements. This position offers an opportunity to shape compliance strategies and ensure adherence to key regulations while fostering a culture of compliance within the organization.

Qualifications

• Experience in compliance within the commodities derivatives market.
• Strong knowledge of regulatory requirements like EMIR and MiFID2.

Responsibilities

• Act as compliance specialist for regulatory implementations.
• Support business lines with compliance recommendations.
• Lead employee compliance training and maintain KYC procedures.

Skills

Compliance Risk Management

Regulatory Reporting

KYC Policies

Training Delivery

Project Management

Education

Bachelor's Degree in Finance or Law

Professional Compliance Certification

Job description

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Compliance Manager - Commodities, London

Client: Compliance Professionals

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 4

Posted: 28.04.2025

Expiry Date: 12.06.2025

Job Description:

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 business lines with recommendations on monitoring report findings and track actions to completion.
• Respond to strategic issues, advising management on proactive regulatory control actions.
• Provide accurate management information reporting.
• Offer timely front office advice and sign-off on trading and regulatory issues.
• Support the Compliance team as a primary point of contact for business units.
• Review policies and procedures for currency and relevance.
• Lead employee compliance training, including inductions and refreshers.
• Implement and oversee the SMCR certification process and related frameworks.
• Maintain and update KYC policies and procedures, including system changes.
• Manage compliance registers (e.g., gifts & entertainment, PA dealing, online training, outside interests, declarations).
• Complete FCA SMF applications and regulatory returns.
• Support the Compliance team as appropriate.
• Design and deliver compliance training programs.

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 like COBS, SYSC, MAR, and SUP.

For further information, please contact Hannah Tabatabai.