Main purpose of the Role:
- To provide advice, guidance, direction and interpretation on compliance and regulatory matters across the Firm and to drive forward a compliance culture.
- To manage the relationship between the Compliance department and business stakeholders.
- To provide ad hoc support to other group Compliance departments as necessary.
- Provide ongoing advice to the business and resolve day to day issues in relation to compliance and regulation including financial crime and exchange rules.
- Participate in business change and the new product approval processes as the compliance representative.
- Assess the impact of regulatory change on specific business areas, products and processes.
- Validate whether new joiners or employees who change roles internally require FCA approval.
- Ensure breaches are identified, escalated and mitigating activities agreed.
- Deal with queries from clients of the front office and relevant support functions in respect of the Firm's compliance arrangements.
- Review and approve marketing communications and investment research, including review of disclaimers and risk warnings.
- Investigate complaints and agree conclusions with Head of Compliance and the business.
- Act as subject matter expert in relation to primary areas of responsibility.
- Take on such roles and responsibilities as are required from time to time to contribute to the successful operation of the Compliance function within the Cantors group.
Compliance Risk Management Framework
- Ensure the compliance risk assessments remain up to date and are reviewed, as a minimum, on a quarterly basis with the Head of each business area.
- Review output of the compliance risk assessments with the Monitoring team to ensure consistency.
- Review outputs of MI, identify trends and implement mitigating actions.
Policies and Procedures
- Provide advice to business areas on the production and maintenance of desk procedures.
- Provide input into and assist with the drafting of relevant Compliance policies and procedures.
- Design and deliver face to face induction training and ongoing ad hoc training to the business areas.
- Produce a Compliance Training Plan for respective business areas.
Key contacts/working relationships
- Build and maintain relationships with colleagues within the business and support areas to provide advice and guidance on matters raised.
- Liaise with Compliance Monitoring Officers on issues identified.
- Work alongside colleagues within the wider Compliance department.
- Present details of issues and bottlenecks to the Risk and Compliance Committee as required.
- Work closely with colleagues in group Compliance to ensure a common approach where relevant.
- Escalation of significant regulatory issues to the appropriate person.
- Share information as appropriate with other members of the Compliance department and the wider group.
Key outputs and key performance indicators
- Resolution of queries within appropriate timelines and with a satisfactory outcome.
- Establishment of professional relationships with key business stakeholders.
- Positive contribution to the Compliance department.
- Timely dissemination of relevant information within the Compliance department.
Skills / experience required:
- In-depth understanding of the FSA handbooks and other relevant regulations, and the ability to apply this knowledge in a commercial environment.
- An excellent and in-depth working knowledge of a wide range of products and services including but not limited to equities (mandatory), fixed income, derivatives, commodities, FX and spread betting across all asset classes for all client types.
- Ability to address both the regulatory and business requirements of a project or situation.
- Able to design and deliver compliance training which is appropriate for the audience.
- Knowledge of trading exchanges advantageous (e.g. LSE, ICE etc.)
- Appropriate professional/industry qualification.
- Experience of working with Senior Management and regulatory bodies is required.
- 7-10 years experience of working in a Compliance team within a large corporate environment.
- Experience of a trading environment is preferable.
- Knowledge of trading systems advantageous (e.g. Fidessa, Bloomberg etc.)
- Excellent PC skills including Word, Excel and PowerPoint.
- Excellent communication skills and the ability to present information and influence decision making at a business and senior management level.
- Able to build strong and professional relationships within the business at all levels of seniority.
- Good organisational and time management skills.
- Ability to analyse data and identify Key Risk Indicators.
- Ability to work autonomously or as part of a team.
Source : BGC Partners