Risk and Compliance Consultant

London - £45,000

London based Asset Management firm is seeking a high calibre Risk and Compliance Consultant to lead regulatory projects and drive ownership of compliance into the business.

Core requirements

• To act as the Compliance Specialist in ensuring adherence with FSA requirements in the operation of Collective Investment Schemes available from the group companies.
• Assist the Monitoring Manager in producing and maintaining a comprehensive risk based monitoring programme in accordance with the annual Compliance Plan for these investment types.
• Liaise with various business areas, Outsourcers and Trustees in dealing with issues and breaches and undertake any investigations into the reasons for such occurrences. 
• Assist in developing a positive Compliance, Risk and effective control culture within the business.
• Support the Monitoring Manager in undertaking reviews of controls and procedures operating in/for the designated business areas/activities to assess their compliance with regulatory standards  in accordance with the Compliance Plan and monitoring timetables and schedules This will include reviews of compliance with Investment and Borrowing Power limits, Eligible Markets requirements and Fund Accounting.
• To maintain comprehensive audit papers of any monitoring undertaken.
• To produce timely and comprehensive monitoring reports for issue to the Monitoring Manager for distribution to management.
• Review exception/pricing error reports produced by outsourced operations and the Trustees and ensuring appropriate investigations are undertaken to resolve the issues identified.
• To assist the Head of Risk & Compliance in the completion of monthly /quarterly Risk & Compliance reports/packs to be issued to the Boards and senior management of the relevant companies. 
• To use all information received regarding the designated business areas/activities to assess the level of regulatory risk within them and to use this information to input into ongoing work plans.
• To provide guidance and advice as required to/on the designated business areas/activities on compliance issues relating to the operation of the firm’s collective investment schemes arising from business queries, regulatory developments or business change initiatives.  This may involve assistance to projects and dealing with queries raised by the business.

Experienced Required

• Graduate or relevant professional qualification would be beneficial (e.g. Investment Management Certificate; SII Diploma)
• Strong understanding of Collective Investments within a Compliance  capacity
• Good working knowledge of relevant regulations
• Ability to work under tight deadlines
• Ability to build and maintain relationships
• Proactive approach to work with the ability to take forward wide ranging issues with a number of business areas and agree and implement practical processes/controls (or enhancements to existing ones) to reduce regulatory or operational risk.

If you meet the above criteria and this Retail Compliance Manager position interests you then please submit your CV for consideration