Deputy Head of Compliance - London, United Kingdom - Compliance Professionals

Compliance Professionals

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

THE COMPANY:

We are working with a regular client of ours who are searching for a Deputy Head of Compliance & Deputy MLRO.

The client are a commodities broker in the City close to Liverpool Street.

You will Support the Head of Compliance/MLRO to deliver second line oversight of company's activities to ensure the business operates within its regulatory permissions/applicable regulation & build and maintain a strong compliance framework and culture.

THE RESPONSIBILITIES:

Assist in the identification of regulatory/reputational risk and in the development, implementation, monitoring and maintenance of applicable policies, procedures and internal controls to maintain a strong compliance framework with a view to managing/mitigating compliance risk;
Oversee the trade monitoring function undertaken by the Compliance Team; support the Compliance Team in the escalation/resolution of issues as they arise and the enhancement of monitoring tools/processes;
Review reports, risk indicators and red flags to identify and propose remedial action to improve the control framework.
Undertake daily compliance monitoring (as applicable) including the best execution price check and commission override exceptions report;
Deliver ongoing support to the business including advice on exchange rules, regulation and internal policies/procedures;
Ensure the timely identification of regulatory change, assess the impact on the business, revise/implement applicable policies/procedures as necessary;
Responsible for the submission to the exchanges, CCPs etc. for client related information relating to Ownership & Control Reporting (OCR), such as the COTR (LME), Form 102's to the CME, CFTC, ICE via the various online portals;
Assist in the documentation of regulatory reviews and updating of the Compliance Monitoring Plan;
Assist with the maintenance of the Compliance and Financial Crime Manual;
Assist in the submission of regulatory report filings and surveys;
Assist in the annual attestation roll out (Fit & Proper / Significant Influence/SMCR);
Maintain regulatory logs, such as breaches, third party payments, gifts, complaints etc.;
Assist in liaising with any queries from the NCA;

EXPERIENCE REQUIRED:

Strong knowledge of UK/EU regulatory framework
Strong knowledge of AML/CTF processes, trading, Market Abuse Regulation and Surveillance
Strong knowledge of Wholesale Commodities Markets (LME, ICE, SGX, HKFE, CME) Rules and Regulations
Experience in liaising with Regulators, Exchanges and Market Operators

For further information please contact Jordan White

Location:

London

Specialism:
AML,
Monitoring

Salary:

Up to £120,000+benefits

Type:
Permanent

Reference:
18844