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Compliance Manager

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  • Salary: c.£55,000 - £65,000 + Benefits per year
  • Job Type:Permanent

Posted about 2 months ago

  • Sector: Compliance
  • Contact: Paul Sherlock
  • Contact Email: psherlock@merje.com
  • Contact Phone: 0161 883 2746
  • Expiry Date: 04 April 2024
  • Job Ref: PS/11440

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Our client is a well-regarded Financial Services SME offering a range of investment products to its customers. The opportunity has arisen to join the firm in the role of Compliance Manager where you will take on accountability for Compliance, Risk and Governance activities to ensure compliance with financial services regulations, implement robust risk management strategies, and maintain the highest standards of corporate governance.

This role represents a unique opportunity to join a firm where you will take on an integral role for the business, with the option to take on a more senior role relatively quickly, transitioning in to an SMF16/17 role when settled in the role.

Job Responsibilities:

  • Liaise with board and committee Chairs to prepare meeting agenda and coordinate meeting paper packs

  • Advise the board and committees on compliance with the FRC’s corporate governance code

  • Prepare the governance section of the Annual Report and Accounts

  • Prepare and submit SMF applications for new directors and SMF holders

  • Analyse PRA, FCA and HMRC rulebooks, policy statements and consultation papers

  • Report to the board on the impact of new rules

  • Develop and implement policies and procedures to ensure compliance

  • Prepare and implement an annual programme of compliance development

  • Undertake deep dive reviews on key regulatory themes

  • Have responsibility for implementation of the FCA’s Consumer Duty framework

  • Work closely with the board’s consumer duty champion to ensure that the board’s information needs are met

  • Review financial promotions

  • Undertake compliance reviews of introducer sales

  • Maintain product governance files

  • Hold Senior Manager Responsibility for AML

  • Undertake an annual AML risk assessment

  • Review policies and procedures

  • Determine potential PEP applications

  • Make an annual report to the board on compliance with FCA and JMLSG rules

Skills and Experience:

  • The ideal candidate will have a good understanding of compliance, including anti-money laundering rules, with experience preferably within an investment or advisory firm.

  • Knowledge of implementing the FCA’s Consumer Duty rules and measuring achievement of outcomes is essential.

  • The role requires the ability to translate PRA and FCA rules into policies and procedures and ensure their implementation.

  • A high level of communication skills is necessary as the post holder will be responsible for written reports to the board, delivering compliance training and liaising with external advisers.