Senior Compliance Manager - Compliance Oversight

Pictet; London; On-site; GBP 70,000 - 120,000; Full time

Job summary

Join a dynamic compliance unit at a leading international bank as a Compliance Oversight officer in London. In this senior role, you will guide the team in adhering to compliance regulations, partner with management on risk controls, and ensure successful communication with regulatory authorities. Ideal candidates will have extensive experience in compliance within the wealth management or private banking sector, excellent regulatory knowledge, and a legal background will be advantageous. If you're looking for a challenging yet rewarding opportunity, this could be your next career step.

Qualifications

• 8+ years of experience in a senior compliance function.
• Excellent knowledge of UK and EU financial services regulations.
• Legal background preferred, with a law degree or equivalent.

Responsibilities

• Ensure compliance with UK regulations and internal policies.
• Provide advisory guidance to senior management.
• Lead and implement compliance plans and frameworks.

Skills

Compliance Oversight

Regulatory Knowledge

Excellent Communication

Integrity

Education

Law Degree

Investment Management Certificate (IMC)

Job description

Your team

Bank Pictet & Cie (Europe) AG, London Branch, provides services ranging from custody, wealth management, asset servicing and trading to a wide array of domestic and international UHNW clients.

The culture of the London Branch is dynamic, energetic and entrepreneurial, ideal for individuals seeking to be part of a growing and evolving platform. All members of the team are expected to work in a collegiate and team-orientated manner, prioritising service to its clients.

This is a unique opportunity to join the Compliance unit of the London Branch as Compliance Oversight/SMF 16. In this role, you will lead and serve as a role model, ensuring that all employees adhere to the applicable rules, regulations and internal policies. The position involves reporting to management and the regulator, as well as addressing and escalating issues as necessary.

Your role
• Implementing Group directives, policies and guidelines in accordance with UK regulations (e.g. cross-border, business introducers, etc.).
• Providing advisory and regulatory guidance to senior management and the wider business.
• Ascertaining that adequate controls are in place to ensure compliance with the London Branch's obligations under all applicable prudential and conduct related regulatory requirements.
• Defining, putting forward and implementing action plans to mitigate and control compliance risks as required, including reporting to London Branch management and governance.
• Ensuring the London Branch Compliance Plan is kept up to date and implemented, as well as fulfilling the Compliance reporting obligations.
• Partnering closely with the London Branch Head of Compliance and MLRO on all regulatory obligations.
• Partnering with the wider European Legal Entity and Group Compliance functions for shared controls, testing, new product approval or other relevant Group initiatives
• Taking on joint responsibility for MiFID regulation compliance in accordance with SYSC 6.1.4R(2).
• Acting as the first point of contact for and responding to requests from the PRA and FCA, or any other relevant regulatory authority.
• Monitoring, assessing and overseeing regulatory developments and changes relevant to the London Branch
• Establishing and maintaining adequate arrangements for Compliance Oversight and other related topics (including but not limited to Investor Protection and Market Conduct) as well as awareness and training.
• Overseeing compliance with key frameworks including, but not limited to, consumer duty, client complaints, compliance training, SMCR and market abuse.

Your profile
• Relevant previous experience as a Compliance Oversight/SMF 16 officer with an international banking institution.
• At least 8 years' working experience in a senior compliance function preferably in the wealth management/private banking sector.
• Excellent knowledge of UK and EU financial services rules and regulations (specifically those pertaining to compliance oversight matters in the provision of custody, investment management and lending services).
• Previous experience in dealing and interacting with UK supervisory authorities (notably PRA/FCA).
• Legal background preferred: law degree, trained solicitor or lawyer.
• Understanding of financial markets and instruments, including product governance, manufacturing and distribution.
• Investment management certificate (IMC)/IMD/IAD or equivalent qualification would be a plus.
• Excellent communication skills, and ability to work as part of a team.
• In this role, you will act with the highest degree of integrity, ethics, professionalism and competence. You will be a role model at the London Branch, making sure the employees adhere to and apply FCA rules and regulations.
• Up-to-date knowledge of compliance/regulatory best practice.

Note

We will not accept any CVs via agencies.

Ref.:SCM-CO/CC/FC

Diversity & Inclusion

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.