Compliance Monitoring VP
One of the Top 5 Investment Management firms in the world is looking to expand their Compliance Monitoring coverage and requires a highly experienced professional to join the team at VP level.
The Firm:
With offices located in every major financial centre on the globe, the firm boasts assets under management to the value of trillions. The London office is based in the heart of the City of London and is the central hub for all EMEA operations. Given the volume of regulatory change being implemented in the financial sector, expansion of the monitoring team is essential.
The Role:
Reporting to the Head of the Compliance Monitoring team, you’ll be responsible for carrying out a wide range of risk based, thematic reviews of the business.
Position Profile
The position requires a person who is enthusiastic, confident and has practical experience in performing asset management monitoring activities. The person’s background could be a Compliance Officer, Chartered Accountant, Internal Auditor, or Regulatory Examiner.
Specific Responsibilities
Thorough and up to date understanding and practical experience of either buy-side or sell-side Fixed Income and Equity trading systems and processes, including programme trading, direct market access and algorithmic trading.
Work with the Compliance Advisory teams to ensure up to date and comprehensive understanding of these areas. Use this knowledge to execute the monitoring programme and work with the Head of Compliance Monitoring to make improvements and additions to the monitoring programme.
Work with the Head of Monitoring to develop and update the institutional and retail monitoring programme and ensure that this remains fluid, risk-based / focused and up to date with both regulatory and business changes.
Plan and undertake monitoring themed and periodic reviews of institutional and retail businesses in a thorough and timely manner.
Perform detailed reviews in accordance with monitoring programme to assess compliance with applicable rules and regulations. These include monitoring reviews of front office, segregated and pooled fund activities, client money controls, suitability, sales marketing, vendor management, new business areas, etc.
Prepare clear and organised monitoring work-papers to document and support work performed and conclusions reached.
Highlight findings from monitoring work performed to the Head of Monitoring in a timely manner and, together work with the business to bottom out the issue and agree appropriate actions to address these.
Prepare detailed and clear write ups of findings arising from monitoring reviews, including practical and relevant recommendations for the business to address these findings.
Monitor the status of implementation of corrective action and where issues are not implemented in line with agreed timelines; escalate to the Head of Monitoring.
Oversee and independently review monitoring work conducted by junior members of the team and provide on the job training where applicable.
Represent the Compliance Monitoring Team on new business projects to ensure robust control structures are in place that can be subsequently monitored.
Assist with the design and implementation of monitoring electronic exception reports and tools for the bank’s businesses in London.
Interact with all levels of business management and staff. Meet regularly with key business staff to stay abreast of changes within the business and issues arising.
Undertake ad-hoc projects at the request of the Head of Monitoring.
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