Maintain knowledge of regulatory changes and developments
Provide advice and guidance to business managers to enable them to understand their regulatory responsibilities and the regulatory implications of new business initiatives and business changes. This will include participation in business projects.
Work with the Human Resource team to ensure recruitment requirements in respect of regulatory references, pre-employment screening, training & competency, fitness and propriety regimes and ongoing CPD are recorded and adhered to.
Ensure all employees are educated on the latest regulations and processes
Address employee concerns or questions on any compliance issues
Provide support to the board in developing, writing, updating policies and procedures ensuring that they reflect the latest regulatory guidelines and set the governance framework for the firms.
Work closely with appointed legal and / or compliance/business consultants
Tailor compliance manuals, compliance monitoring programmes to the firm(s) business
Set plans to manage a crisis or compliance violation
Develop and deliver management information to the board
Develop and document AML policies and procedures
Prepare and deliver the annual AML report to the Board
Arrange AML training for all staff and directors
Develop, implement and monitor the on-boarding arrangements of clients
Receive notifications, investigate and report where necessary, incidents of suspicious transactions/behaviour
Maintain a PEP register (Politically Exposed Persons)
Act as central AML/KYC point of contact for all client account opening, client due diligence and related matters affecting all UK entities, including financial crime, fraud, sanctions
The ideal candidate will possess a compliance qualification and/or relevant experience in a similar role/business, and will have the following experience and skillset:
Minimum 3 years of experience and strong knowledge of FCA/compliance regulation, including client money
Proactive approach and proven track record in building strong and constructive business relationships with business leaders
Expertise and experience operating in the compliance department of a company in the UK regulatory environment
Commercial awareness and focus on the application of regulation within the insurance broking and investment industry.
Self-motivated with a willingness to learn
Strong communication skills both written and verbal
Analytical and problem solver with experience in conflict resolution and collaboration across teams and business units within the organization
Flexible, professional attitude and a team player
Thorough knowledge of the FCA Handbook rules and good understanding of the UK and European regulatory regime