Head of Compliance - Nest Invest

Nest pensions; London; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic Head of Compliance to spearhead its compliance function. This role is pivotal as the organization evolves into one of the largest asset owners globally, managing significant assets and ensuring the highest standards of compliance. The successful candidate will design and implement a comprehensive compliance roadmap, support senior leadership in embedding best practices, and maintain a culture of compliance throughout the organization. This is an exciting opportunity to make a substantial impact in a growing and inclusive workplace.

Qualifications

• Proven experience in compliance leadership roles, ideally within financial services.
• Strong understanding of regulatory frameworks and compliance best practices.

Responsibilities

• Lead the development and implementation of compliance strategies.
• Oversee compliance monitoring and provide guidance on regulatory obligations.

Skills

Compliance Leadership

Regulatory Knowledge

Risk Management

Financial Crime Policies

Coaching and Advising

Education

Bachelor's Degree in Finance or Law

Professional Compliance Qualification

Job description

London (Canary Wharf with hybrid working)

The role

This is a newly created Compliance leadership role, reporting directly into the Nest Invest CEO, and with a dotted reporting line into the Director Compliance of Nest Corporation.

Nest is on a path to becoming one of the largest asset owners in the world. Whilst Nest manages around £50bn today, that figure will grow to around £100bn or higher by the end of the decade. That scale of growth means that it is essential that Nest Invest has a culture that prioritises compliance, and strong processes in place to ensure it meets the highest standards of conduct. We are seeking an experienced Head of Compliance to lead the development of the compliance function within Nest Invest during the next stage of our evolution.

The role will build and be the hands-on leader of Compliance for Nest Invest but with responsibility for shaping and delivering Compliance Target Operating Model inline with the evolving investment strategy and scale of the organisation.

The person

The successful candidate will be an experienced and hands Compliance leader to design and embed a Compliance roadmap that will evolve with the business (assets under management, investment strategy and implementation approach). Additionally;

• Act as the compliance leader for Nest Invest, supporting senior leaders and the Board to drive and embed best practice and developing a culture of compliance.
• Define and oversee the day-to-day implementation of the compliance programme and undertake regular compliance monitoring/ surveillance and assessment.
• Advise, coach and provide guidance and subject matter expertise to the business on a full range of regulatory and compliance related obligations.
• Define, implement and maintain the appropriative level of compliance and financial crime policies, controls and procedures, including breach handling.
• Act as a key point of contact with the regulator, supporting the relationship which is currently owned by the Director of Compliance
• Oversee compliance with and execution of regulatory filings and regulatory reporting.

Organisational Overview

Nest is an award-winning workplace pension scheme, the largest in the country.

Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.

To apply or for an informal discussion, please contact John Rainsbury: [e-mail]

Directorate/Department Overview

The Investment directorate (Nest Invest) is responsible for investing members’ contributions in order to grow their retirement pots over the long-term. The responsibilities of the team include:

• Asset allocation and portfolio risk management
• Manager selection and monitoring
• Responsible investment
• Investment communications
• Fund administration
• Investment technology and financial modelling
• Contributing to the development of the investment proposition

From December 2019, the Nest Investment team was seconded into Nest Invest Ltd (Nest Invest), the investment subsidiary of Nest Corporation.

Nest Invest is authorised and regulated by the Financial Conduct Authority (FCA). For the role holder, this means working in a regulated entity, and being required to adhere to certain rules and behaviours included in the FCA’s Code of Conduct (COCON), specifically the individual Conduct Rules defined by the FCA.

Flexible and agile working

Everyone's personal situation is different.

To make the most out of hybrid working, we've introduced different ways of working, which include (subject to role requirements):

• hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required)
• reduce or vary working hours
• reduce or vary the days worked
• work compressed hours
• job share

Diversity, Equity and Inclusion

Everyone is welcome to apply for our roles and we particularly encourage applications from Black, Asian and minority ethnicity, LGBTQ+, and disabled candidates.

Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio economic background, sex, sexual orientation, religion or race or any other legally protected status.

We also recognise the importance of diversity of thought and other forms of neurocognitive variation.

As a Level 2 Disability Confident organisation, we’re part of the guaranteed interview scheme. This means should you meet the minimum criteria for this role, you will automatically be put forward for an interview.

Please note that this advert may close early if we receive a sufficient number of satisfactory applications.

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