Senior Compliance Manager & DMLRO – EXCLUSIVE

THE COMPANY:

Our client is a global asset management firm, providing a focused and specialized range of investment solutions to institutional and wholesale investors.

THE RESPONSIBILITIES:

• Manage compliance issues within the UK Branch, including compliance monitoring, risk to regulated entities, training requirements and monitoring new regulatory developments, assessing the impact of the UK Branch and informing the local management committee as well as appraising the Luxembourg team where needed of any wider reaching impacts;
• Ensure timely completion of the UK monitoring plan. This will include regular assessment and revision of the plan itself to keep ongoing activities focused and relevant. Co-ordination with Luxembourg on their activity to eliminate duplication while reviewing MI and overseeing their controls of the UK branch and meet both UK (FCA) and Luxembourg (CSSF) expectations and obligations;
• Apply detailed knowledge of the AML regime in both UK and EU to adequately target risk in the account opening process and transaction monitoring.;
• Review and manage various compliance responsibilities including designing and implementing internal controls while assessing policies and procedures to assure compliance with applicable laws and regulations;
• Act as deputy Money-Laundering Reporting Officer (MLRO) for the UK Branch. This will require a good understanding of onboarding requirements and AML parameters to meet regulatory needs. Focus on review and approval of high risk and complex new client relationships and providing feedback to the relationship managers and presenting to management in UK and Luxembourg;
• Work with the MLRO as the focal point for receipt and assessment of internal suspicion reports; assessing and making disclosures to and acting as liaison with the authorities where needed for all aspect of notifiable correspondence. Work on SARS and regulatory reporting. Follow up with internal and group reports.
• Work with Head of Compliance to develop an internal control system to ensure adherence to legal and prudential standards, in particular concerning market rules and investor protection in a UK.
• Ensure the embedding of Consumer duty is monitored and reviewed to amend and develop as the MI provides data on GAPs and required change
• Be aware of obligations in preventing the Business being used to further financial crime, in particular money laundering, terrorist financing, bribery and corruption and market abuse and to report any suspicions or suspicious activity where market abuse is suspected;
• Working closely with the Head of Compliance in the UK to understand the relationship with the UK regulated authorities and all the aspects need to develop the relationship.
• Design and deliver regulatory training sessions and assess the SMCR regime and application in the UK Branch.
• Compile reports for the HoC & MLRO to report to the governing bodies of the regulated entities in respect of compliance regulatory risk issues.
• Responsible for Horizon scanning to monitor regulatory change, outlining what will impact the business and how.
• Relay findings and prepare reports for the bank and governing bodies
• Develop strategy and / or forming appropriate committees / working groups to ensure the business remains compliant at all times.
• Any other duties required consistent with your role.

EXPERIENCE REQUIRED:

• Extensive knowledge of both the UK and EU financial services regulatory regimes including. Understanding of Lux requirements would be beneficial.
• Thorough understanding of AML and CTF regulation and its application across the UK and how the EU applies the measures.
• Knowledge of regulatory regimes in Switzerland also beneficial

For further information please contact Duncan Jeffery