Head of Compliance - St Albans, United Kingdom - Independent Resourcing Consultancy

Independent Resourcing Consultancy

Verified Company

St Albans, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Head of Compliance:

Job Reference: 1543

Date Posted: 19 March 2024

Recruiter: Independent Resourcing Consultancy
Location: Saint Albans, Hertfordshire
Salary: On Application
Bonus/Benefits: Salary: Up to 90,000 GBP
Sector: Compliance
Job Type: Permanent
Contact: Maria Inglis

About the Firm:

Our client is a leading financial services firm specializing in providing comprehensive wealth management solutions to high-net-worth individuals and families.

They are committed to integrity, expertise, and personalized service, empowering their clients to achieve their financial goals with confidence and peace of mind.

Key Responsibilities:

Develop, implement, and maintain an effective compliance framework and program to manage regulatory risk and ensure adherence to applicable laws, regulations, and guidelines.
Cultivate and maintain a strong relationship with the FCA, serving as the primary point of contact for regulatory inquiries, examinations, and inspections.
Monitor regulatory developments and assess their potential impact on the firm's operations, policies, and procedures. Provide timely guidance and recommendations to senior management on compliancerelated matters.
Oversee the implementation of compliance controls, policies, and procedures, ensuring alignment with regulatory requirements and industry best practices.
Conduct periodic reviews and assessments of the firm's compliance program to identify areas for improvement and mitigate potential risks.
Lead compliance training initiatives for employees, ensuring that all staff members are adequately trained and knowledgeable about their compliance obligations.
Collaborate with internal stakeholders, including legal, risk management, and business units, to address compliance issues, resolve conflicts, and implement effective solutions.
Lead investigations into compliance breaches, incidents, or allegations of misconduct, and implement appropriate remedial actions and disciplinary measures as necessary.
Maintain comprehensive records of compliance activities, reports, and documentation to demonstrate compliance with regulatory requirements and internal standards.
Represent the firm in external forums, industry associations, and regulatory working groups to contribute expertise, share insights, and advocate for regulatory reforms or improvements.

Qualifications and Requirements:

Bachelor's degree in finance, business administration, law, or a related field. Advanced degree or professional certifications (e.g., CAMS, CFE, CFCS) preferred.
Extensive experience (minimum 710 years) in compliance management within the financial services industry, with a strong focus on wealth management, investment advisory, or private banking services.
Indepth knowledge of relevant regulatory requirements, including but not limited to FCA rules and regulations, SM&CR (Senior Managers and Certification Regime), AML (Anti-Money Laundering), and KYC (Know Your Customer) requirements.
Demonstrated experience in developing and implementing compliance policies, procedures, and controls within a regulated financial services environment.
Strong leadership and managerial skills, with the ability to effectively lead and motivate a team of compliance professionals and foster a culture of compliance and ethical conduct.
Excellent analytical, problemsolving, and decisionmaking abilities, with a keen attention to detail and accuracy.
Exceptional communication and interpersonal skills, with the ability to communicate complex regulatory concepts clearly and concisely to diverse stakeholders at all levels of the organization.
Ability to work independently and collaboratively in a fastpaced, dynamic environment, with a high degree of professionalism, integrity, and discretion.
Flexibility to adapt to changing regulatory requirements, business needs, and priorities, and a commitment to continuous professional development and learning.