Our client is a leading online multi-asset brokerage firm, specializing in FX/CFD products. This role will report directly to the Global Head of Risk and Compliance.
THE RESPONSIBILITIES:
Establish and maintain appropriate policies, procedures, systems and controls in relation to regulatory compliance and financial crime for the UK entity.
Oversee the implementation of the Compliance Monitoring Plan to assess those systems and controls and ensure processes and procedures meet regulatory requirements, providing recommendations for and oversight of remediation where required.
Liaise with all areas of the business, including the Board of Directors, to provide sound advice and guidance in relation to regulatory matters and consider the regulatory risks associated with new business initiatives, including new products.
Act as a point of contact for regulatory bodies and auditors (both internal and external).
Ensure staff are trained in local regulatory requirements and receive induction training, and that all staff required to comply with the regulator’s training and competence regime do so.
Assess the Company’s status of compliance and prepare relevant MI to the Board, including KRIs/KPIs and attend relevant committees where required.
Ensure firm adheres to its IFPR requirements and take responsibility for the ICARA process.
Provide support for CASS oversight and control.
Take responsibility for the completeness and accuracy of regulatory reporting.
Effectively deal with any complaints raised by clients and any subsequent interaction with the Financial Ombudsman Service.
Develop and strengthen relationships across the firm to promote best practice and ensure a good understanding of the regulatory framework within which the firm must operate.
Consider all suspicious activity reports and where appropriate make and/or oversee both STOR and SAR filing to external authorities.
Keep up to date with key changes to regulation and legislation including regulatory actions that will impact the business.
Provide support and guidance to the Compliance Team and take responsibility for individual team development.
Participate in ad hoc investigations, reviews and compliance/financial crime projects as required.
EXPERIENCE REQUIRED:
Knowledge of Retail FX/CFD products is key.
7+ years compliance experience gained within a similar organisation.
Thorough understanding of the legal and regulatory frameworks in which the firm operates.
Proven experience in developing and implementing compliance programs and policies.
Excellent communication and interpersonal skills, with the ability to influence and build relationships at all levels.
High ethical standards and a commitment to integrity and professionalism.
Strong analytical, prioritisation and organisational skills, ability to work under pressure and to fixed deadlines.
Strong leadership and management skills.
Ability to explain regulatory requirements and advanced compliance concepts clearly and concisely.
For further information please contact Duncan Jeffery
