Compliance Director (Exclusive Mandate) recruitment
The successful candidate will take overall responsibility for the compliance function in London and be registered as the CF10 11, reporting into the Group Head of Compliance. They will cover a broad range of duties including (but not limited to):
• Applicability of all areas of the FSA handbook (including senior management arrangements, conduct of business, training and competence reporting and notifications, money laundering and market abuse)
• Development and maintenance of the compliance monitoring programme including the underlying risk assessment framework
• Adherence to requirements for UCITS / non-UCITS products managed
• Adequacy of documentation and procedures within the London office in accordance with FSA expectations and market practice
• Oversee trade disclosure obligations (including liaison with external counsel)
• Cross border marketing
• Liaison with business operations globally to ensure that any overseas requirements are adhered to and that obligations arising from overseas registrations are complied with
• Anti-Money Laundering requirements
• Adherence to investment restrictions (UCITS and non-UCITS funds / accounts)
• Maintenance and dispatch of accurate and timely reports and notifications to regulators as required
• Maintenance of compliance records (paper-based and electronic) in line with the requirements of the relevant regulators and with market practice
• Update all compliance procedures for the London office and for the group entity as required, to ensure local and global developments / requirements are adhered to
• Staff training and awareness
The successful individual will be responsible for maintaining and updating the following:
• Compliance Manuals
• Compliance Monitoring Programme and supporting risk assessment
• Gifts and entertainment register
• PA Dealing register
• Trade errors / Breaches register
• Financial promotions register (in conjunction with Investor Relations)
• Training and Competence records
• Approved Persons records
• Adequate recording of Senior Management Arrangements and Systems Controls (including apportionment records)
The individual will also be responsible for liaison with external advisors (legal, and compliance consultants especially around times of periodic review), ensuring all recommendations are considered and, where necessary, promptly implemented.
Knowledge / Skills / Experience
• Significant compliance experience gained within a relevant financial services firm, with the individual preferably holding (or have recently held) the CF10 11 controlled functions.
• Knowledge of institutional asset management and/or a UCITS / non-UCITS fund environment
• Knowledge of UCITS and non-UCITS schemes and related product knowledge
• Ideally be familiar with Fixed Income instruments (cash and derivatives)
• Familiarity with systems including Bloomberg and Blackrock Aladdin an advantage
• Appreciation of the issues faced by traditional long only and alternative fund managers
• Proven management / supervisory experience
• Proven ability to engage with the business and develop a business-relevant compliance culture
• Willingness and ability to work in a small firm environment but one where there is excellent potential for growth
Please email me on giles.remmington@theimsgroup.co.uk or call on 0203 141 9635