Head of Compliance - London, United Kingdom - Compliance Professionals

Compliance Professionals

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

THE COMPANY:

Our client is a leading provider of execution and clearing services for exchange traded derivatives and OTC derivatives in the commodities markets.

THE RESPONSIBILITIES:

Monitor and ensure ongoing compliance with all legal and regulatory requirements
Proactive researching of the regulatory environment, keeping the business informed of all upcoming legislation and ensure timely implementation of all requirements
To continue and improve compliance monitoring programs which test the adequacy of business procedures necessary to achieve regulatory compliance.
Focal point for the oversight of all activities relating to the prevention, detection and reporting of Money Laundering and financial crime.
To support and guide the firm on financial crime obligations.
Maintenance of FCA Compliance Manual and all compliance policies and procedures.
To provide formal reports to management and committees on all aspects of compliance and regulatory controls.
To immediately escalate to the CEO and Head Office (and Board if appropriate) any rule breaches
Provision of Compliance advice to the business on an ongoing basis.
To manage the administration of employees personal account dealings, the gifts and entertainment procedures, outside business interests, sign off of client facing material.
Training of all staff and senior management in relevant compliance matters and develop an internal culture of good conduct and compliance
To ensure appropriate review of customer complaints and maintenance of FCA required complaints records.
To prepare required regulatory customer documentation and keep documents updated to reflect regulatory developments, ensuring proper classification of customers, customer due diligence and record keeping.
To ensure appropriate registration of staff as FCA Certified Persons, advise on relevant courses, training and exams; ensure the necessary FCA induction and training is undertaken and recorded; check and file FCA Certified Persons Forms.
Compliance reporting to Hong Kong and wider group
Completion and submission of nonFinancial FCA returns
Undertaking of full annual compliance reviews and further adhoc reviews as required
Principal point of contact for FCA, LME and LME Clear for all compliance issues
Attendance at regular meetings of FCA, LME, FIA and other relevant forums to ensure the company remains up to date with all regulatory changes
Other ad hoc duties as assigned by the management.

EXPERIENCE REQUIRED:

Very strong knowledge of FCA Handbook and related European Regulations
Demonstrable ability to identify, interpret and advise upon rules, action requirements, change management and business implications
Experience at a senior level handling FCA and equivalent relationships.
Experience in commodity derivatives out of multiple jurisdictions, both on exchange and OTC, preferably with a wholesale client base.

For further information please contact Duncan Jeffery

Location:

London

Specialism:
Monitoring

Salary:

£Market rate

Type:
Permanent

Reference:
18775