Head of Compliance, Investment Management

The Montgomery Partnership Ltd
London, UK
04 May 2019
04 Jun 2019
Contract Type
Level of qualification
Head of Compliance Role To serve as the Head of Compliance holding the controlled function of CF10 (which will become SMF16 from December 2019) for an investment management firm The duties will entail promoting the culture of compliance within the firm and working with other senior managers on all compliance matters regarding the business. The role of CF11 - Money Laundering Reporting Officer - is held by another member of the Compliance Department. Responsibilities Management & Obligations: The Head of Compliance will be managing a team of at least two with the responsibility and oversight for all aspects of compliance in relation to the firm Facilitating the development of other members of the Compliance Department by training and mentoring Assisting and advising the Money Laundering Reporting Officer in the execution of his duties GDPR Officer Devising, updating and managing appropriate monitoring, sample testing and reviews across all business lines for the purpose of identifying and correcting any issues or deficiencies Taking responsibility for the selection, contracting and budgeting of any out- sourced compliance resources, regulatory counsel, and technical systems utilised by the department to carry out its tasks Overseeing the maintenance and ensuring the ongoing effectiveness and implementation of all compliance policies and procedures across business including but not limited to the Compliance Procedures Manual, the Corporate Finance Procedures Manual, the Research Procedures Manual and all associated policies and procedures Supporting the CEO and business heads in championing the business and compliance interests of the firm. Responsible for all aspects of team personnel management including directing responsibilities, setting appropriate objectives, providing support and feedback and conducting appraisals Member of the New Business Committee and the Operating Committee Administering the firm's Regulatory Calendar Creating and administering the firm's Compliance Monitoring Programme Be the firm's "relationship manager" with the regulators, including the FCA, Takeover Panel, London Stock Exchange and AIM (as appropriate). Compliance: The Head of Compliance is responsible for overseeing and enforcing firm wide Compliance Ensuring the business meets all applicable requirements of FCA Rules and Regulations (including those of the UKLA) as contained in the FCA Handbook, the AIM Rules for Nomads, the Takeover Code, the Rules of the London Stock Exchange, ESMA regulation, competition law and any other applicable regulations Providing compliance and regulatory advice to each of the business lines of the firm in a pro-active and business aware manner Completion of reporting requirements supporting the governance of the firm including compliance reports, assisting with the annual MLRO report, quarterly reports to the Board and any other governance reporting within the organisation Reviewing all compliance and legal documentation as required by the business and changing regulatory standards. Building and maintaining the Operating Events Database (Breaches Log). Monitoring regulatory developments applicable to the business and ensuring that appropriate impact assessment, gap analysis and implementation steps are carried out in a timely manner Providing general and specific compliance advice to the business as appropriate Meetings, Training & Presentations: The Head of Compliance will be preparing and presenting a firm-wide annual compliance meeting. Prepare and present training courses and briefings to the firm on a departmental or project basis as required Designing and providing relevant compliance training to staff Attendance at internal meetings if invited to attend or if the Head of Compliance thinks it prudent to be present Firm Development & Relationships: The Head of Compliance will be maintaining and bolstering a firm-wide culture of compliance Active participation and involvement in industry associations and peer groups relevant to our business Managing and maintaining the firm's relationship with the FCA, AIM, London Stock Exchange, the Takeover Panel and any other applicable regulator as the case may be, and ensuring timely completion of any non-financial regulatory reports, submissions, filings etc. as required Participate in projects to provide compliance analysis and review new business initiatives and developments of within the firm. Person specification The successful Head of Compliance candidate must be a self-starter, and capable of working on own initiative Proven compliance experience (3-5 years' experience in a similar environment) Appropriate academic and/or professional qualifications Good working knowledge of FCA Rules and Regulations Exposure to a broking and/or equity market making environment Strong analytical background Strong attention to detail Well organised and able to work to tight deadlines Good verbal and written communication skills Good senior management experience Able to demonstrate firm decision making skills High Work Standards