Compliance Officer - Prime Brokerage

Marex; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial services company in Westminster is looking for a Compliance Advisor to ensure adherence to regulatory requirements and support business initiatives. This role requires extensive experience in compliance advisory, knowledge of wholesale financial markets, and strong stakeholder management skills. Ideal candidates will have a degree and be effective communicators. The role offers a chance to deliver training and ensure alignment with FCA and other regulations.

Qualifications

• Extensive compliance advisory experience from a Regulator or Investment firm.
• Strong understanding of regulatory frameworks.
• Experience in liaising with Regulators is advantageous.

Responsibilities

• Support Head of Compliance in ensuring regulatory adherence.
• Deliver compliance advice on business initiatives.
• Manage compliance-related queries and responses to Regulators.
• Conduct training and compliance reviews.
• Ensure compliance with FCA requirements.

Skills

Compliance advisory experience

Knowledge of Wholesale Financial Markets

Stakeholder management

Strong verbal and written communication

Ability to multi-task

Creative problem-solving

Resilience in challenging environments

Education

Degree or equivalent

Financial services industry qualifications

Job description

Supporting the Head of Prime Services and Continental Europe Compliance in ensuring the Marex Group adheres to and operates within its regulatory requirements, remains within stated Marex risk appetites, maintains good conduct, drives a strong culture and positive customer outcomes. Specific focus on delivering second line oversight of the Prime Services and Outsourced Trading Business activities across Marex Prime Services Limited ("MPSL") by providing clear and timely regulatory advice, supporting business initiatives, and promoting a compliance culture within the Marex Prime Services Limited. The role will include participation in the broader Group Compliance initiatives, review and update of policies and procedures, delivery of training and implementation of controls.

• Develop and maintain relationships with the relevant Marex Prime Services Limited business teams and areas including regular documented catchups with key business stakeholders.
• Ensure the timely identification of regulatory change affecting Marex Prime Services Limited ensuring appropriate collaboration across all relevant Support Functions and the Business and assisting the Business with implementing the new regulation in a robust and controlled manner.
• Deliver ongoing compliance support to relevant business groups including the provision of advice on the application of global compliance policies, exchange trading, global custodian rules and regulations.
• Identifying regulatory or reputational risks and escalating to management and other relevant support areas (Risk / Legal) for resolution.
• Owning and supporting other compliance team members on the delivery of timely compliance reviews and approval of new Business specific initiatives such as new business offerings and services, new jurisdictions, new systems, new regulatory permissions etc and completing (where relevant) Business Change Approval Committee (BCAC) compliance assessments.
• Act as the Compliance lead on CASS and Prime Services related enquiries. Liaise with business groups to gather the relevant information and manage, investigate and draft responses to such exchange regulatory enquiries, including audit programmes.
• Working with Compliance, Risk (first and second line risk) and Legal colleagues and other support function staff across the MPSL globally to advise on and to address any cross-jurisdictional compliance matters.
• Providing SME support to Compliance Assurance colleagues by participating in the annual Compliance Risk Assessment process and execution of assurance activities as they relate to MPSL.
• Designing, driving and delivering specific desk-based thematic reviews and projects.
• Acting as a challenge and control function to the Business on compliance related matters including the Business owned Risk & Control Assessment.
• Participating in the development and delivery of annual regulatory training plan for the Business as well as ad-hoc trainings, as needed.
• Providing Compliance input to control and regulatory incidents, Internal audits and reviews within the Business.
• Performing the Compliance review of MPSL product / service related materials such as marketing materials, presentations and product brochures are in line with regulatory requirements.
• Assisting on jurisdictional reviews with other key stakeholders to ensure compliance in other global jurisdictions where MPSL operate.
• Ensuring compliance with the company's regulatory requirements under the FCA and other relevant Primary national regulators.
• Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
• Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
• At all times complying with the FCA's Code of Conduct.
• To ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility.
• To report any breaches of policy to Compliance and / or your supervisor as required.
• To elevate risk events immediately.
• To provide input to risk management processes, as required.
• Extensive compliance advisory experience from a Regulator, Buy Side Investment firm, other Prime Broker, consultancy or an Investment bank or brokerage.
• Strong knowledge of Wholesale Financial Markets with specific focus on buy side firms, Asset and Investment management, Prime Services, Trading and Client Asset and Client Money rules.
• Strong knowledge and understanding of regulatory frameworks.
• Experience in leading and liaising with Regulators an advantage.
• Degree educated or equivalent and financial services industry qualifications preferable.
• Skilled at stakeholder management; ability to work closely with multiple internal stakeholders, able to build strong cooperative relationships at all levels.
• Initiative and commitment to excellence - actively and enthusiastically attempt to influence, seek opportunities to originate action, encourage and develop new ideas.
• Ability to think outside the box and provide creative solutions.
• Be able to multi-task, prioritise and work to deadlines in a pressurised environment.
• Strong conduct and culture lens with a focus on good customer outcomes.
• Excellent verbal and written communication skills.
• A collaborative team player, approachable, self-efficient and influences a positive work environment.
• Demonstrates curiosity.
• Resilient in a challenging, fast-paced environment.
• Ability to take responsibility in a fast pace and high-volume environment.
• Excels at building relationships, networking and influencing others.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
• Act with integrity.
• Act with due skill, care and diligence.
• Be open and cooperative with the FCA, the PRA and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standard of market conduct.
• Act to deliver good outcomes for retail customers.