Head of UK Compliance
A distinguished and well regarded Wealth Management company based in the heart of the West End of London require a Head of Compliance for their UK business. Reporting directly in to the Head of European Compliance and the CEO you will be responsible for the management and day to day running of the compliance function relative to the UK business. This role will hold the CF10/10a/11.
The company are long established, and are currently in the midst of an organic growth phase. The company focus on High and Ultra High net Worth Wealth Management predominantly�across Europe.�They would be considered a boutique in the UK markets, however this is not the case across the rest of Europe. The UK market is a key growth area for the business.
You will have management responsibility for a senior compliance associate. Between the two of you will be responsible for;
- Develop a risk-based Compliance Monitoring Programme covering the UK regulated business, formulate an annual plan, conduct a programme of monitoring tests and report and track the issues highlighted.
- Maintain awareness of regulatory/compliance developments, assess the impact to the business and initiate necessary changes or seek to ensure that relevant managers initiate such changes.
- Act as a central point of reference and expertise on compliance matters. Provide advice proactively on UK financial services compliance matters in connection with both existing and new business proposals (liaising as necessary with the COO).�
- Perform the role of Money Laundering Reporting Officer, including�training for employees, appropriate provision of information to senior management, appropriate measures to ensure the effective control of money laundering risk within the firm's day-to-day operations, including the taking-on of new customers and changes to the firm's business profile.
- Provide to staff, as appropriate, an awareness of individual and corporate regulatory requirements and developments affecting the London companies in order to strengthen the compliance culture while having regard to business strategy.
- Promote the highest ethical standards required of staff and to ensure staff meet the requirements of the Compliance Manual and the relevant regulatory rules in the UK.
- Escalate any material compliance/regulatory concerns or issues to the London Board and to the London Chairman as required.
- Ensure client agreements are up to date and reflect current laws and regulations.
- Assist the Head of Group Compliance in developing group-wide compliance arrangements.
- Oversee the operational effectiveness of the firm's systems and controls that are designed to achieve compliance with the UK rules.
This company seek a passionate and dynamic Compliance Officer with a strong background within Wealth management or Private Banking compliance. You should be an assured personality who is happy to be flexible to changing business requirements and projects.
To find out more please call Stephen Borner on 02034650110
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