Senior Compliance Officer
The Senior Compliance Manager works in the second line of defence and brings both experience and knowledge of regulatory requirements in respect of MiFID, AML and GDPR. Their practical experience and achievements in similar roles will demonstrate their ability to provide oversight of the regulatory risk environment and their ability to challenge the business across the core elements of the compliance management framework. While FNZ is a technology business, the role requires wider FS industry experience, ideally within a fast-paced regulated environment with exposure to MiFID regulations.
The role will support the implementation and maintenance of the Compliance Management Framework to support the company's business plan and the regulatory environment it operates in. This includes provision of oversight of the application of regulatory compliance policies and procedures, executing the compliance monitoring plan, monitoring, and reporting on compliance with MiFID, AML, Financial Crime and GDPR regulations.
Key Responsibilities:
- Ensure there are appropriate regulatory controls in place within the organisation to establish and maintain compliance with regulatory requirements including conduct obligations.
- Ensure that an annual risk-based compliance assessment and monitoring plan is carried out for the organisation.
- Ensure regulatory reporting to regulatory authorities on behalf of the organisation is timely and accurate.
- Ensure compliance training is provided to employees.
- Ensure that conflicts of interest have been identified and where possible mitigated and ensure that there is a regular review of conflicts of interest.
- Report to the Head of Compliance on compliance with the organisation's regulatory requirements.
AML / Financial Crime:
- Overseeing / carrying out / producing / reviewing (as applicable) the following:
- Annual review of the Anti-Money Laundering Policy and supporting procedures and templates to ensure it remains compliant with current applicable Anti Money Laundering Regulations.
- Review and sign off anti-money laundering / PEP and Sanctions checks on the organisation's clients and, where applicable, other companies carrying out contractual activities in the EU.
- Annual risk assessment of the organisation's money laundering risk.
- Adequate money laundering, PEP and Sanction training carried out within the organisation including an annual review of produced training materials.
- Horizon monitoring for any regulatory changes connected with applicable anti money laundering regulations and ensuring those changes are incorporated into the policy, supporting procedures, templates, and training materials.
- Investigation into any reports of suspicious transactions made to the MLRO and ensuring any necessary reports in connection with the organisation's own AML obligations are made to the relevant agencies.
- AML, PEP and Sanction consultancy to employees.
- Annual review of Policies and procedures in place to assist in the prevention of Financial Crime.
- Provide second line of defence monitoring of Financial Crime controls.
Data Protection:
- Monitor compliance with EU data privacy requirements and GDPR and with the Global Data Privacy Policy and second level data privacy policies, through Compliance Monitoring reviews and high frequency monitoring.
- Oversee the completion and maintenance by the organisation of Records of Processing, records of personal data breaches, records of data subject rights requests and data privacy impact assessments.
- Review personal data breaches, assessing reportability of controller breaches by the organisation, advising on actions to be taken and assisting in identifying trends.
- Meet with clients and prospective clients in relation to data privacy compliance.
- Be available to business owners and employees (data subjects) on matters relating to data privacy and data subject rights.
- Provide management information on data privacy compliance for reporting to the Board and governance committees.
Requirements:
- In-depth knowledge of the European financial services and regulatory framework MiFID II, AML/CJA, GDPR, CBI Regulations.
- 5-10 years' experience working at a senior level within a regulated environment.
- Working knowledge of operational processes of MiFID or fund administrator firms (i.e., asset servicing, investment operations processes).
- Excellent communication, relationship management and influencing skills.
- Presentation skills and training / coaching experience.
- Ability to understand and articulate the commercial benefits of effective compliance management.
- Ability to build and maintain effective internal and external relationships.
- Ability to analyse, present and report risk management information to senior stakeholders.