Head of Compliance and Risk
- Recruiter
- Mandaus Limited
- Location
- London (Central), London (Greater)
- Salary
- Negotiable
- Posted
- 07 Sep 2017
- Closes
- 05 Oct 2017
- Ref
- 665
- Job Title
- Head of Department
- Practice Area
- Compliance, Financial Services
- Contract Type
- Permanent
- Hours
- Full Time
Our client is a highly-regarded Wealth Management company and they are looking to employ a solicitor to run their Compliance and Risk department
The successful candidate will report to the Group Compliance Director, and functionally report to and support the UK Managing Director to ensure the business complies with all applicable regulatory requirements. You will be responsible for leading the risk and compliance function locally and ensuring that the Board and senior management receives appropriate and relevant support. You should have experience in a similar role within financial services
Desired skills:
Law degree is strongly desirable, or other relevant compliance professional qualifications:
- Previous experience of establishing and/or working in a compliance function at a senior level
- Experience in a financial services business and liaising with regulators is preferable;
- A strong understanding of current relevant financial services legislation and ideally has held CF10/CF11 position previously
- Experience of influencing regulatory bodies and external stakeholders
- Well- developed communication skills and the ability to tailor style to relevant audiences
- Previous experience of working across complex, rapidly evolving change programs and senior stakeholder management within this environment
- Previous experience of operating at a senior level with a demonstrable ability to gain trust and influence at Board and senior leadership level
- High level and current knowledge and experience of best UK practice in Compliance and Risk Governance.
Your responsibilities:
- Leading the local Compliance & Risk function with accountability to design, develop, implement and maintain the Risk Management Framework, and an effective compliance strategy, infrastructure and associated policies, consistent with recognised and accepted good industry practice
- Promoting an appropriate Compliance & Risk culture across the organisation through clear strategy, communication and engagement ensuring TCF (Treating Customers Fairly) is embedded across the business and in all strategic activities
- Ensure a proactive approach is taken to the identification of risks – including advising on the risks associated with new business, change initiatives and their impact on company strategy, and regulatory and compliance risks, their communication to the business and the explanation of their potential impact on the business
- Assisting the local Board in the formulation and maintenance of risk appetite, tolerances and limits, having regard to the strategy and business plans and the risk/return profile of the business;
- Work in conjunction with Group Compliance to ensure the overall governance, risk and compliance (GRC) frameworks are integrated into the organisational structure and in the decision-making processes of the Business
- Work in conjunction with Group Compliance to develop and deliver compliance training initiatives to embed the risk management culture throughout the business
- Providing the Board and senior management with expert guidance, support, oversight and independent challenge
- Monitoring regulatory developments, and assessing their relevance to the business
- Work alongside the Group Compliance Director to implement high-level strategic compliance roadmaps to coordinate the approach to regulatory changes
- Be responsible for managing the compliance monitoring program and on- going review of the Compliance Manual and Policies and Procedures to alleviate risk and ensure compliance with the changing regulatory landscape and continually improve upon the compliance program
- Ensure that anti-money laundering, countering terrorist financing (AML/CFT) and anti-bribery and corruption (ABC) systems and controls are adequate
- Conduct on going compliance and risk reviews, escalating issues to the Group Compliance Director and the local Board as well as providing periodic reports to the local Board
- Work alongside the Group Compliance Director to quickly resolve issues as they are identified
- Act as MLRO (money laundering reporting officer) for the UK business
- Actively contribute to, lead and manage the allocation of resources as appropriate, for group and local projects as required including for development, integration, alignment, improvement and implementation of systems, processes and procedures