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Compliance Manager

Information About This Job

Job Title: Compliance Manager
Contract Type: Permanent
Location: London
Contact Name: Mark Foy
Contact Email:
Job Published: 3 months ago

Job Description

Seeking: Compliance Manager to join the Compliance and Legal team of a London based asset management firm.


The Role

The successful candidate will provide general compliance oversight and advisory support to the company and it’s associated groups. In addition, they will manage the Compliance Monitoring Programme and advise on amendments required across the business following changes in regulations and business channels. They should have a strong working knowledge of all aspects of the monitoring programme in order to form part of a multi-skilled compliance team. Ideally, they should currently hold CF10 and have experience of working and managing a small team.


This role includes:

  • General Compliance activities including, compliance oversight, breach and incident resolution, support for MLRO on Financial Crime framework, preparing relevant Board and Committee papers, monitoring, etc.

  • Monitoring activity includes ensuring that monitoring programme is carried out in a timely basis, provision of monthly CMP report, management of thematic monitoring audits, due diligence monitoring of outsourced functions, etc.

  • Cass oversight.


Key Responsibilities


  • Manage regulatory issues, queries and projects as required, including regulatory changes affecting the business

  • Ensure that the business has appropriate mitigation in place to manage regulatory and compliance risks

  • Provide Compliance oversight, advice and support to the MiFID firm, Fund Managers and CIS operator, Portfolio Managers

  • Ensure that relevant companies aware of and have systems and procedures in place to remain compliant with all regulations

  • Oversee breach incidents and ensure that any remedial action is completed in a timely manner

  • Provide support to the MLRO in relation to the Financial Crime framework affecting the group of companies

  • Conduct an annual review of the Compliance Manual and ensure that relevant internal and external facing policies and procedures are kept up to date

  • Represent Compliance on internal and external committees, working groups, industry seminars etc.

  • Prepare relevant board and committee papers

  • Provide oversight and monitoring of daily tasks including:

    • Aggregation reporting, transaction reporting to the FCA, Takeover panel monitoring, Compliance Alert, email notifications;

    • Daily Client Money reconciliations

    • Personal Account dealing

    • Gifts and Entertainment logging

    • Compliance Certificates from external fund managers - TR-1 Reporting/793 Responses


Compliance (Monitoring)

  • Ensure that the monitoring programme is carried out on a timely basis

  • Provide a written CMP report by the 10th working day of each month to the Chief Operating Officer detailing the status of the monitoring, any issues identified and remedial action recommended.

  • Propose amendments to, and instigate a rolling review of, the compliance monitoring programme to ensure that:

    • all areas of the business are appropriately monitored; and

    • all changes to regulations are incorporated into the Plan.

  • Propose and manage thematic monitoring audits.

  • Participate in the due diligence monitoring of internal and outsourced functions. This will involve the development of good relationships with both internal departments and third parties through regular visits to them.

  • Liaise with external third parties, such as IFAs and clients, to address regulatory enquiries, as required from time to time.



  • Ensure compliance with relevant CASS rules.

  • Ensure appropriate mitigation is in place to manage CASS risks

  • Oversight of daily client money responsibilities

  • Oversight of 3rd party administrators on CM accounts and CASS issues

  • Update the regulated entities’ CASS Resolution Packs.

  • Update relevant policies and documents, e.g. Client Money Bank Account Acknowledgment Letters, as necessary.



  • Assist in research connected with new products or projects

  • Assist in the day to day management of agreed projects

  • Keep up to date with developments in the various laws and regulations by which companies are bound and ensure continued compliance with such laws


Skills & Experience

  • Management experience essential

  • Experience with Bloomberg essential

  • Experience with Retail Fund Platforms beneficial

  • Experience with SIPP administration beneficial

  • Educated to GCSE level or equivalent

  • Relevant Qualification in Compliance

  • Experience of working in Compliance and Money Laundering in the finance industry, preferably in Fund Management

  • Team player with a positive, results orientated approach

  • Communication skills with the ability to communicate effectively – both written and verbally at all levels

  • Strong interpersonal skills;

  • Ability to prioritise workloads and adhere to deadlines

  • Good analytical / problem solving skills

  • Ability to demonstrate tact and diplomacy when coping with difficult situations;

  • Good administrative and personal organisational skills

  • Good numeracy skills

  • Good IT skills / ability to use Microsoft Office including Word, Excel and Powerpoint

  • Ability to work under considerable pressure and adhere to strict timescales Attention to detail

Ref: | Published: 08 May 2019