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Regulatory Compliance Manager - FX

  • Location: London, United Kingdom
  • Salary: £90,000 - £100,000 per year
  • Job Type:Permanent

Posted 17 days ago

  • Sector: Compliance
  • Contact: Edward Manson
  • Contact Email: emanson@merje.com
  • Contact Phone: 02036371600
  • Expiry Date: 30 September 2021
  • Job Ref: EM/17933

MERJE have been engaged exclusively to work this reputable global FX business. Our client is part of a wider group of companies which employs over 2,500 employees globally and provides banking and brokerage services to around 65,000+ clients worldwide.

They have a number of global offices, and due to some recent structural changes in their London office, they are actively looking to recruit an experienced Regulatory Compliance specialist.

Key Requirements:

The Regulatory Compliance Department ensures the firms operate in compliance with FCA regulation.

 

The Compliance function has responsibility for FCA reporting, management reporting, risk assessment and development of a risk-based monitoring programme, advisory responsibilities including providing support for staff training and providing day-to-day assistance for front office staff, participating in the establishment of new policies and procedures.

 

  • Work closely with the Head of Compliance to build awareness of the firms’ regulatory obligations;

  • Day-to-day provision of assistance and advice, training and awareness to front office sales and trading departments and other business areas;

  • Maintain up to date awareness of rule requirements and regulatory guidance, essentially EMIR, MiFID II, PSD 2 and BREXIT related changes;

·         Research and horizon scan for regulatory change, keep the business advised accordingly;

·         Liaise with external legal counsel and interpret advice;

·         Review and maintenance of Compliance guidance, policy and procedures;

·         Coordinate and formulate responses to internal and external regulatory enquiries, audits and queries;

·         Handle complaints in line with regulatory requirements;

·         Approve financial promotions;

·         Approve new products in line with new product approval process;

·         Oversight of team’s typical investigatory and surveillance work (CMP) and escalate where necessary;

·         Support and train members of the team in new project work driven by the changing regulatory environment;

·         Influence and improve conduct and culture;

·         Produce relevant management information for senior stakeholders in the business.

 

Expertise required:

 

·         Able to demonstrate significant compliance advisory/generalist experience operating within FX or derivatives trading.

·         Strong knowledge of the regulatory environment in which an FX firm operates;

·         Strong knowledge of FX and derivatives;

·         Extensive knowledge of front/ back office operations and practices and products and business, including industry practices, market regulations and conventions, policies and procedures;

·         Demonstrable knowledge of FCA Handbook, MiFID II, MiFIR & EMIR rules and guidance;

·         Team oversight and leadership capabilities