Manager of Compliance
A global exchange based in the City of London is seeking a Manager of Compliance to join their compliance team on a permanent basis.
The main responsibilities are
1) Reporting to the Senior Director of Compliance and Trade Support
2) The candidate will coordinate the regulatory and compliance oversight of the firms groups investment firm business that include interdealer brokerage, MTF and marketing activities across EMEA
3) Role will entail generalist functions like central compliance duties, general advisory, liaising with overseas regulators and providing training to relevant stakeholders
4) Work very closely with management as a trusted business partner to ensure the regulatory requirements are aligned with commercial objectives
Central Compliance
1)Prepare or assist with the firms compliance monitoring programmes and anti money laundering procedures, manuals, record keeping ,systems and controls, desk policies in accordance with Group and regulatory obligations
2) Work with Senior Directors as the local interface with regulators managing correspondence and reporting requirements
3) Develop internal relationships with other departments (Legal, Finance, Operations) and promote sound compliance culture
4) Perform central compliance duties e.g. FSA authorisations registrations, PAD, KYC, change of control etc;
5) Prepare or assist with regulatory reporting and policies (ICAAP,LRAP, AML)
Advisory
1) Review regulatory developments and assess impact to business strategy
2) Providing appropriate analysis for business to accommodate regulatory changes
3) Conduct research to the businesses in relation to new products, services and jurisdictions and obtain relevant authorisations
4) Assisting with compliance piece of new business projects that may arise periodically
Business
1) Monitoring of trading activity by brokers and participants
2) Work with the Senior Director to assess risks to the business and rise to management for treatment as appropriate
3) Handle day to day enquiries from front office and sales teams
4) Discuss compliance issues with clients in relation to on-boarding or participation
5) Provide compliance inductions and manage compliance training schedule for all staff
6) Support internal and external audit visits or requests
Essential Education: Professional qualifications in CISI OR equivalent
Essential experience and job requirements:
-3 years + of regulatory experience based at an investment bank, brokerage, regulated exchange or other equivalent financial services firms
-A proven ability to close projects on time and within budget
-Excellent management skills and ability to interact at all levels within the group
-Understand and interpret FSA handbook purposively (in particular MAR,COBS, SYSC,SUP)
-Provide technically sound and unambiguous advice to relevant stakeholders;
-Maintain an appropriate balance between the business and applicable regulation;
-Practical experience of OTC derivatives and fixed income products and post-trade processes are all highly desirable;
-May be required to represent businesses at external compliance functions, conferences or other meetings;
-The candidate must be able to qualify to register as CF10 and CF11
Competencies
-Client Focus
-Strong communication, organisation and co-ordination and
-Gravitas, credibility and solid technical expertise
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