Senior Compliance Manager (Investment Oversight) | BNYM Asset Management International Ltd, London recruitment
Responsibilites
- Design and implement an effective oversight programme for the investment management delegates (asset management companies within BNY Mellon Asset Management) of AMI. This programme would be a mix of onsite reviews, ad hoc desk-based reviews, quarterly due diligence reviews, and regular communication (meetings and phone calls)
- Take ownership of the reports and outcomes from the above reviews, and escalate any issues or ongoing concerns to AMI senior management and Investment Management Oversight Committee (IMOC) as appropriate.
- Provide ongoing advice to the asset management delegates on a range of AMI related and regulatory requirements in relation to the delegated funds/segregated mandates.
- Work closely with, and be primarily responsible for all compliance matters relating to the AMI Investment Strategy Solutions Group (ISSG) and the Mellon Transition Management (MTM) London operations.
- Work closely with the legal department, to provide compliance advice and input on Investment Management Agreements.
- Assist on other non-investment management compliance monitoring programme if required.
- Take ownership of, and be responsible for regular updates to the AMI Compliance Manual.
- Take lead on, and provide assistance and expertise on ongoing projects (primarily relevant to investment management) and disseminating updates to the team and AMI as relevant.
- Assist with the review and sign-off of marketing materials as and when required.
- Take the lead on the coordination of AMI’s conflict of interest initiatives and ongoing management.
- Attend any ongoing and ad hoc operational or project groups within the business areas to provide compliance advice, as required.
- Ensure that reports and associated test and work papers are all updated to the BNYM Global Compliance Monitoring System (GCMS) in a timely manner. All compliance monitoring reviews are to be conducted progressively during the course of the year and the review plan duly completed by the year end.
- Effectively supervise the investment management compliance assistant with appropriate training and development objectives in place, and ensure that appraisals, objectives, etc of the compliance assistant are completed in line with corporate timetable requirements.
- Support the technical development and success of the investment management compliance assistant.
- Represent and assist the head of compliance on an ad hoc basis, on any required compliance matters.
General Management Responsibilities
General
- Provide accurate and appropriate management information to Senior Management.
- Comply with all corporate policies relevant to the functions managed including Health and Safety Policy.
Financial
- Manage any delegated budget in a manner that will best serve LOB’s best interests and provide the Finance Department with monthly tracking and projection information.
Compliance
- Be aware of current regulatory and legal obligations of the function managed.
- Report any suspected breaches to the Compliance or Legal departments, as appropriate, immediately on discovery.
Risk Management
- Monitor, document and report business risks and internal controls of the function managed, alerting Senior Management immediately of any significant changes.
Business Continuity
- Maintain and test a current and effective continuity plan to ensure an appropriate response to any disruption to systems, information services, communications and office facilities.
Staff
- Provide clear direction and leadership to teams managed.
- Set professional example to staff.
- Supports and encourage staff development, objective setting and appraisal.
- Ensure adequate succession plans are in place for the functions managed.
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
- Ideally an experience compliance professional with a number of relevant compliance experience gained either in an asset management firm or regulatory agency with exposure to retail sales and marketing and including both the provision of advice and the delivery of compliance monitoring activities Familiarity with the UK regulatory regime, especially the activities and supervisory approach of the FSA
- Some experience of collective investment scheme compliance ideally both UCITS and non-UCITS vehicles
- Some experience of conducting oversight of external suppliers
- Good knowledge of the FSA COLL, COBS and TC Sourcebooks (the dealing and managing provisions in particular where the COBS is concerned)
- Strong interpersonal and communication (oral and written, including report writing) skills
- Attention to detail and ability to work to tight deadlines
- A team player with the capability to demonstrate leadership potential and people management skills
- Proven ability to communicate effectively with staff at all levels as well as with external parties such as regulators
- Proven ability to work as an effective partner with the business while retaining objectivity, independence of thought and decision-making.
- Sound knowledge of Word, Powerpoint and Excel
February 4, 2012
• Tags: Asset Management careers in the UK, London recruitment, Senior Compliance Manager (Investment Oversight) | BNYM Asset Management International Ltd • Posted in: Financial