Compliance Officer & MLRO

About the Role:

This position mandates the individual to hold FCA approval for carrying out SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) functions. It's a part-time position that requires working 2 days/week.

SMF16 - Compliance Oversight function:

1. Assume responsibility for overseeing and managing the firm's Compliance and Governance frameworks, encompassing all aspects of a fully operational compliance function. This includes oversight of fund promotion and distribution, regulatory facets, and monitoring.
2. Develop regular monitoring practices and procedures to evaluate the adequacy and efficacy of the firm's control systems.
3. Collaborate with operational departments to formulate risk-based policies and procedures, tailored to minimize the risk of regulatory breaches.
4. Engage in regulatory monitoring and management, addressing emerging risks, potential non-compliance areas, and advising on suitable mitigative actions.
5. Implement any necessary FCA rules and regulations pertinent to the UK business.
6. Dispense regulatory counsel and guidance across the organization, coupled with training sessions for staff on compliance matters.
7. Effectively handle both real and potential conflicts of interest.
8. Stay abreast of relevant regulatory changes, ensuring adherence to SM16/17 obligations.

SMF17 - Money Laundering Reporting Officer function:

1. Evaluate and approve client onboarding processes.
2. Report any potentially suspicious activities or transactions.
3. Oversee the application of up-to-date AML/CTF (Anti-Money Laundering/Counter-Terrorism Financing) policies and procedures.
4. Respond to requests for information from the FCA, other regulators, law enforcement agencies, or clients, regarding regulatory or law enforcement inquiries.
5. Conduct an annual money laundering risk assessment in relation to the company's business.
6. Ensure regular training for staff on anti-money laundering practices.
7. Provide at least an annual report to the firm's governing body on the firm's anti-money laundering systems and controls.

Requirements

1. Demonstrated exposure to Compliance and Risk functions within Financial Institutions.
2. Proficiency as a capable leader, possessing robust technical knowledge, analytical acumen, and strategic thinking.
3. Familiarity with Alternative Investment Asset Classes and Fund operations.
4. Experience overseeing distribution compliance and governance, including assessing and ensuring the suitability of investors at various levels.
5. Confidence in collaborating with and interacting among senior management members across the organization.
6. Advanced stakeholder management prowess, encompassing dealings with regulators and external entities.
7. Profound familiarity with FCA regulations, particularly SM16/17 requirements.
8. Exceptional organizational skills, effective communication, and a meticulous eye for detail.