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Compliance & Risk Executive

Information About This Job

Job Title: Compliance & Risk Executive
Contract Type: Permanent
Location: London
Contact Name: Mark Foy
Contact Email:
Job Published: about 1 year ago

Job Description

Our client, a leading Investment Management firm in London is seeking to appoint a Compliance & Risk Executive to join their London team.


About The Role

We would like to recruit an experienced Compliance/Risk Professional who is keen to develop and grow in this role.  The individual that takes this role will need to display that they have or can develop the attributes required to step up to establish themselves in the team and deputise in the absence of the Chief Compliance Officer.

Ideally the successful applicant should have:

  • Approximately 5 years asset management compliance and/or risk working knowledge.

  • Background in dealing with international institutional clients (retail experience is not so relevant)

  • Good knowledge of European (UCITS, MiFID, EMIR) and US (Investment Adviser/Investment Companies Act) regulatory requirements would be an advantage

  • Good Degree and IMC/CISI or other relevant investment management/compliance qualifications

  • Computer literacy to a reasonably high standard e.g. good working knowledge of Excel and an understanding of, or willingness to learn, VB/VBA

  • Strong interpersonal skills

  • Excellent communication/presentation skills

  • Well organised working style with good attention to detail

  • Sound judgement and self-confidence but should be prepared to listen and take-on other viewpoints

  • Ability to be commercially aware and provide solutions i.e. not a "traffic warden" approach

  • Strength of character and self-belief to "dig their heels in" when the situation demands

  • Clear team focus i.e. a team player who is prepared to learn from colleagues, share knowledge with them and get involved in all aspects of the team's activities

  • Gravitas and leadership qualities (or at least able to clearly demonstrate the potential to develop these over the coming years)


We would envisage someone in the early stages of their career who has a solid range of experience e.g. as a member of a larger team or a generalist in a smaller team - so not likely to be interested in someone who has been doing KYC/AML for 5 years.  They should be on a career track where they would quickly establish themselves as a leader within the team and could expect to be promoted to management level over the next two to four years.  

The firm is a relatively small company so the individual will often be working with senior staff (who are also the owners of the company) so they can expect an environment of continual informal assessment during their early years with the company.  Although the company is a friendly and informal company, we do expect high professional standards from our staff so it is important that the individual conducts themselves accordingly so they can earn the respect of colleagues. They should be prepared to prove themselves as capable of assuming a senior role within the next few years

The individual will be involved in all facets of the Compliance & Risk team's work - in order to operate effectively as a leader in the team they will need to have a good understanding of all the tasks the team performs.  We would expect this to operate as a rolling programme of on the job training where they will be introduced to and be expected to perform key tasks over a period of time i.e. probably 12/24 months.  As the individual develops in the role they can expect to be given more responsibility and leadership opportunities.

It is important to stress that this is a role with the potential to grow into a more senior position - success will depend heavily on the individual's ability to demonstrate that they are the type of person that the client company wants in a senior position in the future.


Key Responsibilities

The main duties that the role will ultimately entail are as follows:

  • Client Interaction: dealing with client compliance & risk enquiries from allocated client's e.g. general compliance reporting, due diligence questions, contract renewals and compliance certifications.  In time, this will also include managing and attending client meetings

  • Risk Framework Maintenance:  Responsibility for ensuring the risk framework reflects key company risks and take input from business quarterly and run updated reports for business

  • Managing Errors Process:  Ensuring that errors are properly handled by investigation i.e. validating business proposals and looking for further enhancements.  Formal reporting (Compliance & Risk Committee and if necessary, the Board)

  • Compliance Monitoring Programme ("CMP"): responsible for co-ordinating and supervising the operation of the rolling risk based monitoring programme.  Ensuring that appropriate records are kept to evidence comprehensive coverage, that reviews are performed, completed and followed up on a timely basis.  Review and update the CMP on an on-going basis and perform a formal review with the CCO each year end

  • Guideline Compliance Process (LVTS): various duties related to ensuring that guideline compliance controls remain effective

  • Compliance Projects: ad hoc duties related to development of processes within the team, or the wider business which require compliance input, and any other specialist tasks.

Other duties which the individual will need to be involved with (as backup or owner for a period of time) willinclude: personal account trading system approvals etc, US Regulatory Reporting (ADV, Form PF etc), Shareholder disclosures and other general compliance duties.


Additional Information

All members of the Compliance & Risk team report to the CCO who in turn reports to the Chief Executive Officer.  The CCO also has an informal reporting line to the Executive Chairman and a communication line to two non-executive directors.  


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