Compliance Manager

26 Jul 2021
25 Aug 2021
Contract Type
Full Time

The candidate must have strong compliance principles.

Culture – your strong ethical approach must be transpired to all staff to promote a companywide strong culture of good compliance.

Client On boarding

  • Responsible for the policy and procedures – updating where necessary, senior management sign off, communication and distribution.
  • KYC checks for both UK and Overseas Individuals and Corporates.
  • Ability to recognise risk factors of the data, ability to set questions/challenges to the potential client that need to be addressed.
  • Ability to use internet sources to gather useful information to build client profiles. (companies house/overseas company registers, linkedin, google maps)
  • Understand the purpose of sanction lists, the different lists for different jurisdictions and where they can be found.
  • Understand the actions required for a positive or false positive match, and the investigation methods required to make a decision.

Client Monitoring

  • Maintaining up to date and monitoring client files (address, ID, corporate ownership), as well as the trading profile.
  • Keep the SGM-FX e-system up to date

Transaction Monitoring

  • Pre, real time and post monitoring.
  • ensuring transactions fit within client profiles.
  • ensuring that we have an understanding for the purpose of all transactions.
  • 3rd party receipts and 3rd party payment protocols.
  • Knowledge of supporting documentation to request/accept.
  • Ability to recognise suspicious/unusual activity. Responsibility to report this to the authorities.

Risk Assessments

  • Regular interaction with Senior Management to review and set company risk appetite (prohibited sectors)
  • Knowledge of high-risk jurisdiction and sector types.
  • Ability to sort/categorise high risk clients and regularly review them.

Compliance Training

  • Responsible for ensuring that all staff have regular AML training and have a competent understanding of AML and CTF.

Regulatory Knowledge

  • Extensive knowledge of the Money Laundering Regulations
  • Extensive knowledge of the Payments Services Regulations – including safeguarding, segregating.
  • An understanding of the Data Protection Act.
  • An understanding of the international compliance framework 
  • Up to date with regulatory change and developments both in the UK and internationally.

Regulatory Reporting

  • Ability to interact where necessary with our regulators (FCA and HMRC).
  • Ability to liaise with our banking partners during compliance visits/reviews.

Complaints Handling

  • Responsible for identifying and understanding the nature of the complaint, collating the required data from a variety of sources, resolving the complaint and producing a final response.

Staff Compliance guidance

  • Ability and knowledge to answer staff and client ad hoc compliance queries.
  • Responsible for providing and communicating compliance guidance information for all staff.
  • Responsible for communicating regulatory or company policy change to all staff.  

This role is office based

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