Risk And Compliance à United States

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Head of Risk and Compliance opportunity with King & Shaxson Limited

King & Shaxson was established over 150 years ago and is now a key business within PhillipCapital, a Singapore based global financial services company. We provide services to financial institutions, corporates and public sector entities in professional markets including:

Fixed income and money markets brokerage – agency and IDB operating in London

Fixed income custodian services

Treasury management consultancy

Award winning ESG asset management

King & Shaxson are seeking an experienced and dynamic professional to join our team as the Group Head of Risk and Compliance. As a member of the Executive Committee, you will have the opportunity to shape the strategy and policy of the firm, inputting into and taking key business decisions while helping to set the tone and culture of the firm from the top. In this key leadership role, you will be responsible for overseeing and managing all aspects of risk and compliance within the King & Shaxson group, including operational risk, regulatory risk, credit and market risk, cyber risk and reputational risk. With the assistance of your team, you will be responsible for ensuring the firm's adherence to regulatory requirements, promoting a culture of compliance and safeguarding the integrity of our operations.

The successful candidate will hold the SMF4, SMF16 and SMF17 responsibilities and will also be a member of the Board Risk & Compliance Committee.

Key Responsibilities:

Strategic Risk Management:

• Review, enhance and implement a comprehensive enterprise wide risk management strategy aligned with business objectives;
• Identify, assess, and prioritize risks associated with the group’s activities and the broader financial services landscape;
• Regularly review risk policies and frameworks, making necessary adjustments to address emerging risks
• Collaborate with senior management to establish risk tolerance levels and risk mitigation strategies;
• Responsible for the production and maintenance of the firm’s ICARA framework.

Regulatory Compliance & Financial Crime:

• Stay abreast of relevant financial regulations and ensure the group’s policies and procedures align with regulatory requirements;
• Review and enhance compliance programs to mitigate the risk of regulatory breaches;
• Coordinate with regulatory bodies and act as the primary point of contact during regulatory audits and examinations;
• Review, enhance and manage policies and procedures to address regulatory requirements, including MiFID, SMCR, IFPR, Consumer Duty, MAR, Financial Crime, Data Protection and CASS.

Policy Development:

• Collaborate with internal stakeholders to develop and update risk management and compliance policies;
• Ensure that policies are communicated effectively across the organization, and employees are trained to adhere to them.

Monitoring and Reporting:

• Review and enhance the group’s monitoring programme to track compliance with policies and regulations;
• Prepare and present regular reports to senior management and the board detailing the status of risk and compliance within the organization;

Training and Awareness:

• Conduct training sessions for employees to enhance awareness of compliance and risk management practices;
• Monitor standards of risk awareness and compliance amongst colleagues on a regular and measurable basis
• Foster a culture of compliance and risk awareness throughout the organization.
• Develop and implement incident response plans to address and mitigate potential compliance breaches or risk events;
• Coordinate with relevant departments to investigate incidents and implement corrective actions.

Qualifications and Requirements:

Whilst operating a simple business model, the King & Shaxson group undertakes a unique and diverse set of activities, requiring a broad skill set

• Extensive experience in risk management and compliance within the financial services industry, ideally but not essentially in wholesale fixed income brokerage.
• In-depth knowledge of financial regulations and compliance requirements in the United Kingdom, including SMCR, IFPR, MiFiD, Consumer Duty, MAR, Financial Crime and Data Protection regulations;
• Understanding of wholesale fixed income markets and associated regulatory requirements, including requirements on trading venues;
• Strong leadership skills with the ability to collaborate across departments and influence decision-making at all levels;
• Excellent communication and interpersonal skills;
• Proven track record of successfully managing regulatory relationships and navigating regulatory landscapes;

This role offers a unique opportunity for an experienced risk and compliance professional to shape and enhance the risk management and compliance functions within a dynamic and growing financial services brokerage in the United Kingdom.