Head of Compliance/GC

the company; City of Westminster; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading asset management firm in Westminster is seeking a seasoned compliance professional to manage regulatory risks and compliance frameworks. You will have over 10 years of relevant experience in compliance and legal, provide guidance on FCA and SEC regulations, and lead a compliance team. This role requires strong expertise in fund structures and the ability to work in a fast-paced environment.

Qualifications

• 10+ years relevant experience in compliance and legal in asset management.
• Demonstrable expertise on global regulations including FCA and SEC rules.
• Knowledge of fund structures, including Cayman, US and EU funds.

Responsibilities

• Maintain a compliance framework and manage regulatory risks.
• Conduct periodic reviews and collaborate to improve control systems.
• Act as MLRO for financial crime and sanctions risk assessments.

Skills

Asset management industry experience

Knowledge of FCA and SEC regulations

Team management skills

Ability to work in a fast-paced environment

Education

Law degree or law conversion

Job description

Key Responsibilities

• Maintain a compliance framework that promotes a proactive compliance culture within the firm, identifies and manages regulatory risks relevant to the business and supports the firm by the operation of an effective compliance control environment.


• Ensure the operation of a compliance programme that monitors for day-to-day adherence to the firm's policies and procedures, identifies areas of weakness and advise on process improvements where required.


• Prepare risk assessments, maintain compliance registers (inc. breaches, conflicts, complaints), implement appropriate manual and automated monitoring systems.


• Conduct periodic and themed reviews across the business. Collaborate with other departments to implement systems and controls, identify, investigate and resolve potential areas of vulnerability and compliance risk.


• Provide guidance to management and staff on the applicability of regulatory requirements in the context of the business and trading activities. Advise on regulatory requirements relevant to future planned products and material platform changes.


• Respond to potential breaches of rules, regulations, policies, procedures, and conduct standards by evaluating or recommending the initiation of investigative procedures and remedial steps.


• Ensure the firm\'s SMCR and conduct framework continues to be appropriate and relevant to the firm\'s activities at all times.


• Operate a regulatory training programme relevant to senior management and staff to ensure compliance requirements are understood in the context of individual roles and responsibilities.


• Monitor for key regulatory changes relevant to business activities, raising requirements for new projects to implement future changes in regulation.


• Ensure systems in place for compliance with FCA client categorisation and financial promotions rules and US marketing rules. Draft appropriate disclaimers, including for extracted and hypothetical performance data.


• Act as MLRO with responsibility for financial crime and sanctions risk assessments, policies, procedures, monitoring and reporting.


• Manage the Compliance team, ensuring sufficient resources, conducting appraisals, identifying staff development and training needs.


• Act as central point of contact with the FCA, SEC and other regulatory bodies relevant to the firm, responding to queries and ensuring consistent and transparent communications at all times.


• Ensure the firm\'s regulatory permissions, regulatory filings and staff registrations are accurate and up to date at all times.


• Attend and contribute to committees including the Audit and Risk Committee.


• Represent Compliance for the purposes of internal and external audits and investor due diligence.


• Review legal documentation relating to funds, managed accounts, and service providers.


• Maintenance of fund and investor documentation i.e. offering memorandum, prospectus, side letters, NDAs, service provider agreements.

The Candidate

Essential:

• 10+ years’ relevant asset management industry experience in the field of compliance and legal with previous experience as SMF16/17


• Demonstrable expertise on global regulations including FCA and SEC rules


• Demonstrable knowledge of fund structures including Cayman Islands alternative investment funds, US private funds, EU UCITS funds, and separately managed accounts


• Knowledge and ability to institute compliance frameworks


• Proven team management skills including the ability to work with, and incorporate input from, the compliance team and senior management


• Ability to multi-task and prioritise within a fast-paced environment

Desirable:

• Law degree or law conversion, ability to provide legal guidance and be the lead on advice across policies and procedures


• Regulatory hosting experience