Vacancy Information
| Reference ID | 200474 | ||
|---|---|---|---|
| Job title | Head of Compliance | Number Required | 1 |
| Firm | Search and Select Recruitment Agency | Hours | Full Time |
| Address | 1 Upper Church St | Duration | Permanent |
| Contact | Search and Select Recruitment Agency | Salary | To be advised |
| Tel No | End Date | 12 June 2024 | |
| Number Required | 1 | ||
| Hours | Full Time | ||
| Duration | Permanent | ||
| Salary | To be advised | ||
| End Date | 12 June 2024 | ||
| Notes | Our client seeks a Head of Compliance and DMLRO to join their team. Role Profile: This is a very varied role and it is a prerequisite that the Head of Compliance is willing to 'roll their sleeves up' on a variety of tasks. Key Responsibilities: Preparation and submission of regulatory returns: Including but not limited to Clients Assets Report, Annual Compliance Return (including Financial Return), New Fiduciary Statistical Return, Thematic Reviews - FSA, other STRIX filings, Fund Statistics (Exempt scheme). Maintenance of registers: Including but not limited to Breaches Register, PEP Register, Litigation Register, Conflicts of Interest Register, SARS register. Information requests from FSA, FIU & other competent authorities: Including correspondence, Dealing with Regulator: submitting notifications as required by the Rule Book and legislation. Attend and lead on themed FSA visits. Maintenance of policy and procedure documents: Including but not limited to Regulatory Compliance Manual, Group Financial Crime Prevention Manual (AML Manual), Sanctions Policy, internal procedure documents and checklists. Dealing with Banks: To maintain excellent, trusted relationships, ensure compliance responsibilities set out in TOBs are met including annual declarations and AML/Risk questionnaires, provide KYC/CDD as required for MMCSL and client entities, undertake bank-driven remediation projects. Oversee controlled functions: Risk assess new appointees (F&P) & notify Regulator, maintain staff organisation chart and organisation chart (MMCSL & subsidiaries). AML/CFT responsibilities: Including managing small compliance team, periodic review (client entity monitoring) programme, review new business, prepare/review client entity risk assessments and make recommendations to the Board for the acceptance or to decline new or existing business, manage trigger events, review & approve POA requests, review & resolve escalated adverse overnight screening results and Google alerts. Compliance monitoring programme: maintain policy document, input into areas for monitoring, ensure monitoring is completed, reports prepared and recommendations are followed up. Sanctions monitoring: Review new sanctions notices, check database for matches, review sanctions regulations and their impact on the client base, monitor client entities that may have higher sanctions risk. Staff training: deliver internal training for AML/CFT purposes (AML Induction/Refresher, Sanctions PEPs, SARs), provide mentoring and on the job training to compliance team. MLRO or DMLRO: Review internal SARs and consider submission to FIU using THEMIS, update and review SARS register. Input into the Business Risk Assessment, Customer Risk Assessment, Technological Risk Assessment - assist with updates and make recommendations as necessary. Plan for and lead on Compliance Committee meetings. Managing, developing, training and appraisal of three direct reports (1 full time, 2 part time)Identify resource requirements (i.e. staffing requirements)Step in to discussions with clients at times (e.g. by teams meeting). Provide support and guidance of AML/CFT requirements to staff and other offices in the Group (best practise & general advice, not regulatory advice)Attend & contribute to 5 Series devel... If you have the required skills please apply online at searchandselect.com quoting reference number: 14693 | ||
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