Compliance Officer & MLRO

Microvellum; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A Financial Services Firm in the City of London is seeking a Compliance Officer to ensure adherence to industry regulations, manage the anti-money laundering framework, and oversee compliance policies. The ideal candidate should have strong knowledge of FCA regulations and experience in the Financial Services sector. This role is crucial for maintaining compliance integrity within the organization.

Qualifications

• Experienced Compliance generalist in the Financial Services sector.
• Strong knowledge of CFD, spread betting, and derivative products.
• Good knowledge of European financial markets regulation.

Responsibilities

• Stay updated with UK compliance laws and regulations.
• Maintain compliance policies and procedures.
• Prepare and submit regulatory reports in a timely manner.

Skills

Compliance monitoring

Regulatory reporting

Analytical skills

AML practices

Interpersonal communication

Job description

Role Responsibilities

• Stay up to date with changes to UK compliance laws and regulations issued by the FCA and other relevant bodies
• Together with the Group Head of Compliance, maintain, update, and ensure adherence to all compliance policies and procedures across the firm
• Support the firm's compliance monitoring programme
• Handle regulatory approvals, appointment of UK senior managers and regulated individuals, and maintain documentation in line with the Senior Managers and Certification Regime (SMCR)
• Prepare and submit accurate regulatory reports through FCA Connect platforms in a timely manner
• Communicate with the Group Head of Compliance to harmonise best practices and promote a uniform approach on financial crime compliance advisory, training, policy and surveillance and monitoring matters across all offices
• Oversee ongoing transactional reviews to detect and mitigate potential compliance breaches
• Together with the wider surveillance team, monitor and investigate trading activity to identify potential market abuse risks and perform surveillance reviews across asset classes and escalate suspicious activity
• Advise senior stakeholders on risks, findings, and remediation strategies
• Oversee the preparation of MI, reports, and updates for senior management and committees
• Proactively audit processes, practices and documents to identify weaknesses and provide an advisory service as to how these can be improved
• Communicate with industry peers to identify latest themes and issues and best market practices
• Any other ad hoc duties that may be required from time to time

MLRO

The successful incumbent shall also be the UK MLRO and responsible for overseeing the company's anti-money laundering (AML) and counter-terrorist financing (CTF) framework. In collaboration with the Gibraltar MLRO, ensure compliance with relevant regulations, maintain AML policies and procedures, conduct risk assessments, and monitor transactions for suspicious activity. They shall act as the primary point of contact with regulatory authorities and law enforcement in the UK and manage the reporting of suspicious activity reports (SARs).

The ideal candidate

• Able to work collaboratively as well as independently
• Upholds the firm's legal, regulatory, ethical standards and reputation
• Ability to work under pressure while maintaining high accuracy and quality standards
• Ability to demonstrate integrity in all tasks and functions performed
• Good interpersonal and communication skills both verbally and written
• Strong attention to detail and accuracy
• Able to prioritise and re-prioritise in a fast moving and constantly changing environment.

Requirements and Preferences

• Experienced Compliance generalist in the Financial Services sector
• Strong knowledge of CFD, spread betting, derivative products, required
• Strong working knowledge of the FCA Handbook and FINRA rules
• Good knowledge of European financial markets regulation, e.g., MiFID II/MiFIR, MAR
• Strong understanding of AML practices
• Knowledge of market dynamics, liquidity and trading practices
• Well-developed understanding of multiple assets and instruments

This role is regulated under the FCA's Senior Managers and Certification Regime.