Compliance Director - Investment

Salary: Highly Competitive

Location: London, England, United Kingdom

Senior Compliance opportunity ideally suited to a Compliance Professional with an asset management background.

The Compliance Director will have responsibility for regulatory compliance in respect of the fiduciary management and advisory businesses in the United Kingdom and other jurisdictions in EMEA will involve working in close partnership with our investment business.

In the UK, our fiduciary management and investment advisory services are provided by Towers Watson Limited ("TWL") The Compliance Director will be based in the UK but will work with investment associates and compliance associates in other jurisdictions too, as well as with the firm's Lead Counsel for Investment in relation to the Legal Department's complimentary role in relation to our company's regulatory compliance requirements.

Key responsibilities will include:

  • Oversight and management of the overall compliance framework for, and delivery of compliance support to, our investment businesses in EMEA. This includes overseeing the effective and proactive delivery of compliance support across the full range of core compliance functions and compliance related matters.

  • Management and supervision of the team of compliance professionals in the UK who support our investment businesses in the UK and EMEA.

  • Providing strategic advice to our business leaders regarding the appropriate control environment for our various investment business activities in EMEA. Providing technical regulatory advice as required in connection with the regulatory aspects of specific transactions, existing services and proposed new services.

  • Developing and monitoring the adequacy and effectiveness of the existing compliance arrangements in place and ensuring that remedial action is taken where any deficiencies are identified.

  • Working closely with the operational management of our funds business and its compliance officer to ensure an appropriate compliance culture is maintained.

  • Ensuring that all compliance manuals, policies and documented processes/procedures are kept up to date and reflect changes in the FCA's requirements and other applicable regulations from time to time, as well as any changes in our business.

  • Managing and overseeing a rolling program of periodic regulatory compliance audits of each office engaged in investment business in EMEA, in conjunction with the team who conduct internal 'Professional Excellence' audits and the firm's Lead Counsel for Investment.

  • Ensuring compliance with all laws and regulations applicable to our investment businesses in the EMEA and, as applicable, the prevailing rules, regulations and determinations of any government, market or regulatory authority in any relevant jurisdiction.

  • The Requirements

  • Significant relevant experience in the investment industry, preferably including Chief Compliance Officer or senior compliance officer roles with reputable asset management and/or investment advisory firms.

  • Currently holds or previously held the CF10 controlled function at such a firm.

  • An appropriate Investment industry qualification is preferred. Senior leadership capability and proven ability to provide effective oversight.

  • Excellent working knowledge of the FCA rules and their application and a good understanding of the EU regulatory framework (including MiFID, AIFMD and the EU passporting regime).

  • Additional knowledge of the following will be a distinct advantage:

    • familiarity with Irish QIAIFs established as a unit trust or an ICAV and the Irish regulations and CBI rules governing these structures;

    • working with UK pension schemes and familiarity with the laws and regulations they are subject to;

    • the US regulatory framework (including the SEC rules, the Investment Advisers Act of 1940 and ERISA);

    • managed account platforms;

    • the retail investor regime.

  • Excellent interpersonal skills and the ability to engage effectively with senior management and associates to promote a positive and business focused compliance culture.

  • Previous compliance experience should include pooled fund structures (gained at a firm with its own funds), as well as equities, bonds and alternative asset classes.

  • A proven ability to work both independently and as a team player in a fast-paced, demanding environment.

  • Must be committed to maintaining a robust compliance culture and high ethical standards.

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis. We support and promote flexible working and this role will be considered on a flexible basis.