Business Compliance Officer, Investment Management

The ideal candidates will be educated to degree level, have 10 years plus experience in the Financial Services Industry including extensive private client Investment Management and risk & compliance experience.  In depth knowledge of applicable Codes of Practice, AML/CFT legislation and regulations.  Exposure to operational functions within previous roles a benefit.

OVERALL PURPOSE 

•To provide practical assistance, support and advice to the UK Investment Management business on compliance and risk related matters and assume full responsibility for interaction and liaising with Risk and Compliance where required. 

•There will additionally be some project-related work to help the Chief of Staff with the business’ strategic priorities.

PRINCIPAL ELEMENTS AND ACCOUNTABILITIES

•First line ‘policy’ defence, including:

oLiaise with Risk & Compliance, the Client Management Team, Investment Team, Operations, SF Law and others, as required, to consider the impacts of new relevant laws, regulations, and compliance and other risks which impact the business, and advise the Front Office accordingly. Assist and ensure policies, procedures and processes are either drafted or amended, periodically reviewed, and up-to-date. 

oEnsure that all regulatory tracking (PEP, PDMR, Transaction Monitoring CPD, SPS etc) is up-to-date and managed to minimize risk to the business

oProject manage identified issues through to scalable, efficient and, where possible, systematised solutions with the help and guidance of the Chief of Staff, IT and the change management team.

oRaise, monitor and maintain all the Compliance and Internal Audit recommendations for the Investment Management business

oProvide guidance to RMs and RM Assistants on the collation of Client Due Diligence (CDD) and Risk Assessments, undertaking risk screens and internet searches, review CDD and risk screens, make sure the New Business Acceptance Committee (NBAC) submissions are complete

oApprove all standard risk accounts and sign off the files.  Note: All ‘Higher’ and ‘Highest risk’ accounts require R&C approval.  

oAttend fortnightly Risk & Compliance meetings and quarterly Risk & Compliance Committee meetings, and report on material AML and CFT matters.

oProvide system support and input in respect of sanctions screening and prepare reports for Executive management

oPrepare Combined Risk Assessment and liaise with Risk & Compliance on recommended updates.

oUndertake flash testing on areas of higher risk, where appropriate

oCoordinate with Risk & Compliance and the Head of the Client Management team to provide initial and refresher training to RMs on risk and compliance matters.  To act as the first line of compliance defence for Relationship Managers and as their liaison with the second line of defence, Risk and Compliance

•Management Information:

oMaintain and develop Management Information (MI) for senior management, the Investment Management Executive Committee and Risk & Controls Committee.  This includes AUM reporting by client type, Outliers reporting, and client-at-risk reporting as well as progress updates on new initiatives

oProvide MI to help with RFPs and other business initiatives

•Project management:

oDeliver on a range of Risk & Compliance projects to minimize risk to the business

oAssist with strategic projects which the Chief of Staff is working on.  These could involve acquisition integrations as well as organic growth priorities.

SKILLS

•Comprehensive knowledge of the UK regulatory regime with a full understanding of the risk and process implications for the business

•Flexible and able to multi-task, setting appropriate priorities and adhering to deadlines.

•Excellent interpersonal skills

•Good IT skills (including Excel, Word, Powerpoint).

•Ability to liaise and collaborate with individuals at all levels, being helpful and co-operative whilst working towards team goals

•Confidence to deliver practical compliance advice balancing risk management and commercial considerations.

•Risk identification and management.

•Good communication and influencing skills. Proven experience of working in a challenging and fast-moving environment, across multiple jurisdictions and with complex products

•Project management experience essential

•Proactive, determined, and efficient with a can-do attitude

ABOUT STONEHAGE FLEMING

Stonehage Fleming (SF) is one of the world’s leading independently-owned family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.

We provide a range of services from long-term strategic planning and investments to day-to-day advice and administration to over 250 families of wealth. The Group employs almost 1000 people in 19 offices, and has £120bn of Assets Under Administration.  Our Investment Management business has £17bn of Assets Under Management.