Interim Head of Compliance
Compliance Advisor focusing on managing the compliance function and covering for CF10 and CF11
Key Duties
Heading up the small wealth function of a larger investment bank.
Responsibilities
The position is for a Compliance Officer on the WM Compliance Advisory Team, supporting UK WM businesses providing practical solutions in respect of requirements arising from the implementation of FCA Regulations, EU Directives and other regulatory developments, in respect of new and existing businesses and in particular investment and banking services for predominantly private clients ranging from Affluent to Ultra High Net Worth.
Ensure WM Compliance policies and procedures are reviewed and updated on a timely basis, incorporating regulatory changes (e.g. UCIS, RDR, COBS, BCOBS, PSD)
Liaising with colleagues, particularly, in Europe around new business initiatives and regulatory changes which impact the WM business
Maintain current expertise in the regulatory environment and key developments, and advise the WM businesses and Compliance colleagues globally on UK and European regulatory matters in relation to investment and banking matters.
Advise Compliance and business colleagues based overseas on cross border activities in to the UK, as well as advise UK based business colleagues on appropriate cross border rules if travelling overseas
Assist in representing Compliance in the New Product Approval Process at UK and Global levels, which includes reviewing new products and business initiatives launched in the bank for WM use;
Advise on all Training Competence matters for the WM business, to include Professionalism standards for RDR and act as the main point of contact for the central FCA Registrations team;
Approve WM specific marketing material and client communications to ensure compliance with UK and European regulatory requirements and for compliance, and the bank’s policies and standards for communications and marketing material.
Evaluate and advise upon one-off and unusual transactions to protect the bank against money laundering and avoid the facilitation of client tax evasion, and to mitigate other legal, regulatory and reputational risks.
Previous experience as a CF10 is essential for this interim role
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