Head of Compliance and Risk,CAML

Coast Specialist Recruitment
06 May 2017
05 Jun 2017
Contract Type
Full Time

Reporting To: Compliance Officer

Supervision Exercised:

  • Number of peopledirectlyreporting: 1
  • Number of peopleindirectlyreporting: 2


Internal:CAMLandCISLtdComplianceTeams,InvestmentTeam,AccountsandDealing Team and other employees asappropriate

  • External: FCA, Fund Auditors, Depositary, Custodian, Compliance Consultants, Fund Administrator,TAandRegistrar,Lawyersandanyotherthirdpartyserviceproviders

Main Purpose of The Role

  • Responsible for the operation of Compliance and Risk Management for CAML and the ICVCs.
  • ResponsibleformanagingtheCAMLComplianceTeamandforprovidingtechnicalsupport, advice and guidance to the Team and the business as awhole.
  • To oversee the CAML Compliance function and ensure that CAML, its employees and the ICVCs remain compliant with all applicable regulations and company policies and procedures.
  • Advising and reporting to the Compliance Officer and the CAML Board in respect of these responsibilities.
  • Member of the Senior ManagementTeam.

Duties and Responsibilities

  • Responsible for managing the Senior Compliance Manager directly and for the indirect management of the Compliance Monitoring Manager and ComplianceAssistant.
  • Responsible for compliance oversight of CAML and the authorised funds itmanages.
  • ResponsibleforrunninganddevelopingtheCAMLOperationalRiskManagementProcess.
  • Ensuring documented and effective compliance procedures are maintained consistent with internal standards, business goals and attitude torisk.
  • Ensuring an appropriate Compliance Monitoring Programme is implemented and maintained.
  • ResponsibleforchairingtheInvestmentRiskOversightCommitteeandforworkingwiththe business to ensure all identified risks relevant to CAML and the ICVCs aremitigated.
  • Required to provide input and challenge as a member of the CIS Ltd Risk Management Committee and Senior ManagementTeam.
  • Responsible for working with the Senior Compliance Manager and the business to ensure all regulatory changes are identified and implemented in a timelymanner.
  • Responsible for assessing any issues identified or raised by the Team from a control, commercial or regulatory perspective and for escalating any serious issues to the CF10, CF11, Senior Management Team, Investment Risk Oversight Committee or Board as appropriate.
  • Responsible for providing Compliance Reports to the Board on a quarterlybasis.
  • Responsibleforensuringalllegaldocumentation,suchasISDAagreementsandthird-party service provider agreements and SLAs are in place and maintained in line with regulatory changes / businesschanges.
  • Ensure all applicable regulatory returns and notifiable events are completed, reviewed and submitted to the FCA within the permittedtimescales.
  • Responsible for providing training to the Compliance Team and the wider business, including to CIS Ltd asrequired.
  • To ensure all registers necessary to demonstrate compliance with FCA regulations are created, completed and kept up todate.

Business Development

  • Advise on the compliance and risk implications of any proposed businessdevelopments.
  • To make recommendations as to how the firm’s systems and procedures might be improved.
  • Promote thebrand.
  • Promote the core values so that they are live throughout theteam.

Client Service

  • Ensure the firm’s high standards of client care aremet.
  • Ensure the confidentiality of all work undertaken for clients, and work within the principles of the Data ProtectionAct.
  • Comply with the FCA’s Treating Customers Fairly requirements, and other requirements set out in the company manual andprocesses.
  • To co-operate fully with the Our clients’ Anti Money Launderingrequirements.
  • To maintain records in accordance with our clients’ compliance requirements as set out in its compliance manuals andprocedures.
  • Work within the requirements of the Data protectionpolicy.


  • To work with and support other employees working within the various departments of the company.
  • Createandpromoteapositiveworkingenvironmentwithinwhicheachindividualfeelsthey make a valuable contribution and knows how their success will bemeasured.


  • Anyotherduties whichmayreasonablybeexpectedandwhichfallwithinyourcapabilities or general area ofresponsibility.
  • To be aware of and comply with all Health and Safety Requirements affecting your work and report any problemsimmediately.
  • Yearly review of the Business Continuity Plan(BCP).

Skills and Knowledge Requirements

  • At least 8 years compliance and risk managementexperience.
  • Ideally educated to degree level with a relevant industry qualification, such as CISI Investment Operations Certificate (IOC) orequivalent.
  • A degree is an advantage but is not essential as industry experience will be taken into consideration.
  • Ideally achieved or working towards the CISI Diploma orequivalent.
  • Previous management experiencedesirable.
  • Previous experience of working for a fund manageressential.
  • Previous risk management experienceessential.
  • Knowledge of collective investment schemesessential.
  • Understanding of derivatives, and in particular swaps, futures and optionsessential.
  • Knowledge of property funds and / or PAIFs would beadvantageous.
  • Understanding of the UK, European and regulatory environment isessential.
  • Detailed knowledge of the FCA Handbook is essential, and in particular COLL, FUND, COBS, CASS,SYSC.
  • Knowledge of MiFID / MiFID II, UCITS V, AIFMD, EMIR and MARdesirable.
  • Familiarity with Barra or other risk management system sessential.
  • Understanding of FundWare or other IBP monitoring systemsessential.
  • Ability and confidence to challenge at Boardlevel.