Head of Compliance

Maze Executive Search and Selection Ltd
London (Greater)
08 Nov 2017
16 Nov 2017
Contract Type
Full Time

Mission Statement

  • To oversee and help develop the Group?s Compliance processes and procedures to meet the changing needs and requirements of the group companies, within their regulatory requirements;
  • To become familiar with, and provide guidance to the Board on, regulatory change and its impact;
  • To maintain and develop the internal review schedule for operational areas within a risk-based framework; to identify adverse trends and issues and establish such additional training and development programmes as may be required, as well as being involved in any amendments to systems, controls and procedures identified during this process;
  • To ensure the process for approvals, including the Company?s social media policy, are robust;
  • To monitor the activities of all Appointed Representatives;
  • To ensure all regulatory reporting and notifications are completed in a timely manner;
  • To develop and oversee the Group?s Training and Competence Programme to meet the changing needs and requirements of the group companies, within their regulatory and commercial requirements and Service Level Standards;
  • To recruit, manage and develop personnel for the compliance and training areas, dealing with HR issues, on job training and ongoing monitoring of efficiency and competence of personnel;
  • To develop and maintain an appropriate record keeping systems to allow appropriate monitoring of training and development of personnel, to identity issues and to meet commercial and regulatory requirements, in particular so that the companies can identify that they are treating customers fairly.

Key responsibilities

  • To maintain, develop and implement systems and processes to meet the regulatory and commercial needs of group companies and external distributors;
  • To approve financial promotions, all intermediary information and standard company documentation
  • To develop and implement training plans to meet the commercial and regulatory needs of group companies and external distributors;
  • To maintain systems for the assessment of staff levels of competence and assist in the provision of any technical training and skills training required;
  • To facilitate the development of educational bulletins and regular newsletters to staff and, as appropriate, to advisers (in liaison with the National Sales Manager);
  • To undertake a cycle of reviews of operational areas to ensure compliance with our stated procedures and regulatory requirements;
  • To act as locum for the CF10 and CF11 roles;
  • To provide product and technical support to staff;
  • To produce such MI as may be required on a regular and ad hoc basis.

Key Working Relationships

  • With Compliance Director in respect of development issues;
  • With Board members and in particular the Operations Director, in respect of operational efficiency and co-ordination issues;
  • With the National Sales Manager standard of business received, standard of responses to customer and intermediary queries and queries outstanding;
  • With MIM?s IT Director in respect of IT issues

Reporting lines:

  • Reports directly to the Compliance Director.

Frequency and Format of reporting

To Compliance Director

  • Monthly formal development meetings
  • Other meetings on an ad hoc basis, as required

To the Board

  • Monthly MI report for review and discussion at the Board Meeting
  • Quarterly Manager/Board Forum

With Training and Compliance staff

  • Monthly update meetings with the Compliance and Training personnel
  • Monthly meetings with operational areas
  • Other meetings on an ad hoc basis, as required

Experience, Knowledge and Skills requirements

  • CF10, or locum, for a SME in the investment sector
  • At least 3 years senior management experience
  • Development and use of Management Information
  • Understanding of UK and EU regulatory requirements relevant to asset management sector
  • Understanding of structured investment products and structured deposits
  • Understanding of the scope of Senior Management Responsibilities
  • Essential aspects of risk management and corporate governance
  • Excellent interpersonal skills

Personal Attributes

  • High ethical standards of integrity
  • Ability to question intelligently, debate constructively, challenge rigorously and decide dispassionately
  • Ability to listen sensitively to the views of others, inside and outside the board
  • Commands the trust and respect of other board members
  • Promotes the highest standards of corporate governance

This job was originally posted as www.jobsite.co.uk/job/959484142