Senior Compliance Manager - Asset Management

  • £85,000
  • London, England, United Kingdom
  • Permanent, Full time
  • Non-disclosed
  • 12 Nov 18

My client is a highly reputable asset manager and is based in the City of London. This newly senior generalist role role will report directly to the head of compliance



Working as part of a team, in a senior generalist role, carrying out all duties required of a Compliance Function.   


Main Duties

Assisting with overseeing and managing all compliance issues, including compliance monitoring, anti-money laundering and training requirements.



Carry out analysis on breaches and complaints when required;
Provide regular reports on compliance matters;
Prepare compliance reports for reporting to internal committees and Board reports;
Assist with the production of the group compliance manual and provide technical advice and training as necessary to ensure that the business is compliant with its content;
Ensure that all client-facing employees understand the obligation for clear, fair and not misleading communications;
Review and approve financial promotion material, ensuring all documentation meets current regulatory requirements and is consistent across the product base;
Review target market and product governance documentation;
Review terms of business, IMA’s and other client documentation;
Carry out proactive monitoring reviews across the business, coordinating with the Compliance Monitor as appropriate.
Ensure that appropriate controls are in place to mitigate the risk of non-compliance;
Prepare reports giving independent and objective assurance on adherence to regulatory standards and on the effectiveness of controls in place or proposed;
Propose recommendations for improvement in existing procedures and in the design of new products and support systems, together with agreed action plans to help improve the control environment.


Compliance Advisory

Provide an advisory service to the business on regulatory matters affecting investments and the client base.

Provide ad-hoc compliance advice, guidance and support to the business, in respect of FCA rules affecting trading, investments and the Funds;
Respond to compliance queries from the business and assist in the resolution of issues;
Assess new investments in to funds and review suitability documentation carried out by fund managers when required;
Monitor and review Fund regulations and restrictions on investments;
Act as the point of contact for regulatory investment restrictions and the operation and monitoring of relevant compliance rules within Bloomberg AIM;
Carry out and report on ad-hoc investigations as necessary.


Financial Crime

Ensure that appropriate controls are in place to mitigate the risk of Financial Crime, including anti-money laundering, fraud, bribery and corruption, insider dealing, market abuse and information security.


Regulatory Change

Monitor regulatory developments and assess their impact on business.

Keep abreast of regulatory changes as they develop;
Determine the impact on business activities
Make written recommendations for improvement to the company’s policies and procedures as appropriate to ensure continued compliance;
Provide overview of regulatory changes to the team and other areas of the business, as necessary.


Risk Management

Work to monitor key risks to the business and ensure that the risk management framework remains up to date and appropriately mitigates the relevant risks.           

Consider and review key risks to the business;
Maintain the risk management framework and tools designed to capture and report risk and control data;
Monitor the status of identified risks and controls as well as identify new risks in line with business changes;
Produce reports on the status of high level and borderline residual risks and actions being taken by the business to mitigate these risks;
Monitor inputs from Compliance and Audit reports;
Work with the business to assist in the development of efficient and effective risk controls.
Identify gaps in the risk model ensuring that all high level risks are considered on an ongoing basis.


      Skills/Experience Required

Proven track record of identifying, assessing and monitoring compliance issues in an asset management firm;
Relevant professional qualification;
Knowledge of UCITS, AIFs and ACS fund regulations.


      Personal Attributes Required

Collaborative team player;
Self-motivated with the ability to work autonomously and solve problems;
Confident in approach but with the ability to be flexible and escalate issues when required;
Positive flexible attitude towards being asked to get involved in issues across the company;
Good relationship skills;
Effective verbal and written communication skills