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Compliance Manager

Closing date
22 Oct 2021

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Tradition is currently seeking to appoint a Compliance Manager to be based within the London office.

Role synopsis and key accountabilities within the Compliance Manager position:

The Tradition Managed Services (TMS) Compliance Manager is a key member of the TMS Compliance team supporting the business. The position leads a small team which has responsibility for the implementation, maintenance and oversight of the compliance programme related to monitoring, analysing and advising the business activities including trading within Tradition.

Key accountabilities:
  • Lead a team of three compliance analysts in London.
  • Adhere to laws, regulations and company standards in key risk areas arising out of TMS business activities. These requirements include rules and regulations (e.g Financial Conduct Authority) and exchange rules (e.g. Intercontinental Exchange (ICE) as well as assisting with monitoring relevant changes to rules affecting the regulatory environment.
  • Form strong relationships with TMS personnel whilst maintaining the appropriate independence and objectivity.
  • Develop individually and as a collective the knowledge, skills and deliverables of their reports and team. As the leader you will have the responsibility and need to develop others to succeed in their roles and prepare for future roles.
  • Work with the other London Compliance Manager/SMF17 and FORC to promote consistent best practices across the TMS Compliance team and the 1LOD. Engage and collaborate as required and appropriate with TMS subsidiary and branches.
  • Administer, including the design, management and review of the Risk Assessment programme, and associated monitoring, and the guidance component of the compliance programme/Desk Book, in order to provide consistent compliance monitoring & surveillance, advice, guidance and analysis to the various stakeholders in TMS.
  • Contributes to the ongoing development of a robust compliance framework fit for purpose for TMS.
  • Administer ongoing proactive assessments of deal activity and trading strategies to ensure compliance with applicable rules and regulations mandated by the external regulatory authorities, exchanges and Traditions internal policies.
  • Project Management as required, either autonomously or as the lead of a wider team.
  • Assist in the development and maintenance of procedures and processes for gathering information in response to external inquiries from auditors, exchanges, regulatory agencies, or others as needed.
  • Promote a collaborative relationship with FORC and other Functional staff to facilitate strategic alignment and appropriate involvement of compliance matters including the interpretation of applicable laws, regulations and European Directives. Proactively analysing the effects of new or revised laws and regulations on the compliance programme and the management of government agency/RIE investigations, inquiries and registrations.
  • Deputise for the TMS Chief of Compliance as necessary.
  • Oversight of the maintenance of policies and procedures, documentation and Compliance MI management.
  • Ensure appropriate and timely escalation of regulatory and compliance issues to the TMS Chief of Compliance.
  • Monitor significant regulatory and enforcement developments and trends affecting the TMS business.
  • Develop appropriate action plans to adjust the compliance monitoring programme in response to new high priority risks of the business.
  • Review new regulatory requirements and proposals and analyse the potential impact upon the TMS business as well as any broader TMS impact

Key skills, experience and competencies required to be successful in this role:
  • Experience in operating in a trade environment and, or an understanding of European Directives and other regulatory rules
  • Experience in a supervisory and/or managerial capacity.
  • Significant experience in the Capital Markets and/or Derivatives industry and/or regulatory environment and supervisory and/or manager experience.
  • Proficient in the regulatory arena including, FCA and or Exchanges areas, with particular emphasis on compliance, rules, control and legal matters - FCA rules particularly COBS, SYSC, SUP and FIT
  • Excellent analytical and report drafting skills with attention to detail.
  • Excellent oral and written communication skills with the ability to apply these skills at all levels of the organisation and with key external stakeholders.
  • Strong interpersonal skills - capable of adopting a variety of styles to achieve the desired result.
  • Strong work ethic and ability to work creatively to achieve identified goals, both individually and as a team player.
  • Strong problem-solving skills with ability to see the next step and follow through and operational detail.
  • Proficiency in Microsoft Office tools (Word, Excel, PowerPoint and Outlook).
  • Experience of dealing with formal documentation
  • Ability to read and understand regulatory rules, consultation papers and legal documents
  • Good experience of international wholesale markets
  • Provide leadership to their reports and across the wider compliance team as required.
  • Identify areas for improvement, including change management and to implement such changes.
  • Management experience in a team-oriented workplace, with the qualities of leadership to develop and grow the capability, capacity, autonomy and authority of their reports.
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