Group Head of Compliance

Location: London, England, United Kingdom

Salary: £100 - 130K

An award winning asset management firm is looking for someone to head up their group compliance function. Their AUM continues to grow and last year grew by over 10% and is again looking for continued strong growth. This role will involve leading a specialised regulatory compliance function.

An award winning asset management firm is looking for someone to head up their group compliance function. Their AUM continues to grow and last year grew by over 10% and is again looking for continued strong growth. This role will involve leading a specialised regulatory compliance function.

The purpose of this role is:

  • To lead the Group compliance department and ensure that appropriate compliance advice is provided to business units in the UK and Channel Islands in a timely fashion.
  • To ensure a Group-wide compliance monitoring program is maintained and managed effectively.
  • To ensure the company has in place systems and controls that are appropriate and proportionate to its business.
  • To manage senior compliance professionals effectively and monitor their performance against agreed objectives.
  • To represent the Compliance Department in the wider business and at board and committee meetings as required.

Main Accountabilities  

  • CF10, responsible for oversight of the firm’s compliance and reporting to the firm’s governing body in respect of that responsibility.
  • Advising the UK regulated entities in relation to their systems and controls, and compliance with the FCA rules in COBS, COLL and CASS (and other rules as applicable).
  • Acting as a mentor and manager to the Channel Islands Head of Compliance.
  • Ensuring the firm is aware of changes in regulation and practice and advising as to appropriate changes to systems and controls.
  • Acting as a liaison between the firm and the UK regulator and preparing reports and other communications for the regulator, as required.

Skills and experience required

  • Excellent knowledge of FCA Rules relevant to the firm’s business (including COBS, CASS, COLL, SYSC, etc.), anti-money laundering regulations and relevant law (including the Bribery Act 2010 and the EU General Data Protection Regulation).
  • Effective leadership at a senior level.
  • Effective management skills.
  • Good personal skills and effective communicator.
  • Credible and able to inspire confidence with the team, key stakeholders and non-executive directors.
  • Effective change management skills
  • Highly competent at organizing and managing a compliance function in an asset management company.
  • Good understanding and knowledge of regulatory developments such as MiFID II.
  • Excellent commercial awareness and knowledge of the asset management industry.
  • Good knowledge of ‘best practice’ in asset management firms and of the systems and controls employed to ensure compliance in such firms.
  • Experience as a senior compliance professional in an asset management firm.
  • Experience of dealing with the UK regulator.
  • Experience managing a team over multiple offices.
  • Experience working on a major change project in a regulatory context.