Compliance Officer

My client, a small London based Investment Bank, is keen to hire a Compliance Officer to join their busy team. Reporting to the Head of Legal & Compliance, the successful candidate will:

• Provide compliance expertise and technical guidance across the bank
• Advise and maintain knowledge of FSA requirements and codes of practice
• Promote effective preventive AML controls within the bank
• Monitor compliance with FSA rules and compliance policies into all areas of the business
• Act as principal interface with front office units and other support areas of the bank on regulatory issues
• Manage a small team of two staff

Key Responsibilities

• Responsible for day to day aspects of the business' compliance activities
• Ensure that regulatory risks are identified, mitigated and monitored
• Provide compliance support to front office units
• Monitor, update and implement regulatory policies
• Undertake monitoring reviews into all parts of the business, report findings and follow up issues with the business
• Monitor effectiveness of FSA regulations and compliance policies
• Identify and redress potential conflicts of interests surrounding the business
• Supervise KYC/AML checks and promote AML controls
• Investigate suspicious transactions, errors and complaints
• Provide guidance and approve financial promotions and marketing materials
• Review regulatory returns
• Prepare quarterly reporting to the Audit Committee and annual reports to the Board
• Develop staff awareness of MAR
• Ensure that European based branches act in a compliant manner in accordance with local regulations
• Perform overall risk assessment on AML for these business branches on an annual basis
• Advise on UK and European regulatory developments, with particular focus on MiFID

Skills & Experience

• Excellent knowledge of the UK regulatory framework
• Proven and extensive track record gained within compliance at a UK Investment Bank
• Experience advising the front office on the business and market conduct regulations
• Proactive, entrepreneurial and highly motivated
• Ability to work on his/her own but also as part of a team
• Good communication skills, flexible attitude
• Ability to develop and take on full CF10/CF11 duties / responsibilities

Candidates must be able to demonstrate experience gained in an Investment Banking environment to be considered for this role

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