Our client is a leading provider of execution and clearing services for exchange traded derivatives and OTC derivatives in the commodities markets.
THE RESPONSIBILITIES:
To act as the compliance specialist in the project team(s) for the more complex regulatory driven implementations, e.g. Mifir/EMIR reporting requirements
To support and guide the team with the implementation and management of the compliance risk based monitoring plan, to ensure the monitoring tasks are completed in a timely manner and that the plan remains risk based and fit for purpose.
Where recommendations are made on the monitoring report findings, to support and guide the business lines with implementation of solutions and ensure actions are tracked to completion.
To respond to requests on current and planned strategic issues and to advise Management on proactive regulatory control action recommendations.
To provide accurate and concise management information reporting.
To provide timely front office advice and sign off on trading and regulatory issues
Elsewhere to support and act as the first point of reference for the Compliance team in providing advice to business units as required.
Review policies and procedures to ensure they are current and up to date.
To take the lead on employee compliance related training, including inductions, product education and periodic refreshers.
Responsible for the implementation of the SMCR certification process and its all related framework
Ensure KYC policy and procedure is both written and periodically updated.
To own the implementation of KYC driven changes on the firm’s systems.
Managing of the standard compliance registers – including but not limited to gifts & entertainment, PA dealing, on line training, outside business interests, annual declarations.
To complete and submit FCA SMF applications and regulatory returns
To provide support to the Compliance team as is deemed reasonable and appropriate for the job role.
To design and deliver compliance training
EXPERIENCE REQUIRED:
The role requires an individual with a thorough practical knowledge of the commodities derivative market, essentially base metals.
Strong knowledge of the regulatory requirements of LME.
Practical understanding of the OTC commodity and FX markets
Strong knowledge of EMIR,MiFID2, SMCR, IFPR and familiar with Dodd Frank
Strong knowledge of rules and guidance in respect of Due Diligence for corporate entities including but not limited to JMLSG, FATF, EU Money Laundering Directives & FCA.
Extensive experience in the practical application of FCA rules including Conduct of Business Sourcebook (COBS), Senior Management Arrangements, Systems and Controls (SYSC), Market Conduct (MAR) and Supervision (SUP).
For further information please contact Hannah Tabatabai
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