THE COMPANY: Our client is a leading brokerage firm providing global clearing solutions to the derivatives markets. THE RESPONSIBILITIES:
* Ensure the Company operates in accordance with all relevant regulatory obligations.
* Ensure, through regular monitoring that the Company complies with rules of the exchanges and clearing houses of which it is a member.
* Establish appropriate policies, frameworks, procedures and processes to ensure compliance by the Company and its staff with relevant regulatory and exchange obligations and to work with all business areas in a proactive manner to achieve this;
* Manage responses to audits and investigations from exchanges and the FCA;
* Oversee and ensure that effective regular monitoring reviews are carried out under the Compliance Monitoring Plan (and on an ad hoc basis where necessary);
* Work with the COO to ensure accurate and timely regulatory reports are submitted (EMIR, MiFID, REMIT etc.);
* Prepare regular reports that accurately reflect the status of compliance of the Company and to advise management on relevant issues;
* Ensure appropriate regulatory training plans are in place for staff and the delivery thereof;
* Ensure support is given to internal projects which are required to meet regulatory and exchange requirements on a timely basis;
* Attend and participate in Management Committee meetings and bring to bear commercial, business and professional experience in the decision making process;
* Oversee the effectiveness of the client onboarding process including KYC and due diligence checks;
* Ensure appropriate records and reports are maintained regarding the activities of the Compliance Department in accordance with all relevant regulatory requirements;
* Review, analyse, report on and make recommendations about new issues that may affect the business of the Company in regulatory areas and take appropriate action to ensure full compliance by the Company ; and
* Attend the Risk Committee of the Board and provide it with regular reporting.
The MLRO undertakes FCA Senior Manager Function (SMF17). The MLRO’s responsibilities include the following:
* Monitoring the effectiveness of the Company’s anti-money laundering systems and controls against the requirements of the Money Laundering Regulations, FCA rules, regulation and guidance, POCA 2002 and the Terrorism Act 2000;
* Ensuring that the anti-money laundering client account opening processes are compliant with the Company’s policy and the Money Laundering Regulations, other applicable law and the JMLSG Guidance;
* Conducting and maintaining a Business-Wide Risk Assessment for financial crime;
* Receiving and reviewing internal disclosures and submitting external reports to the NCA;
* Responding promptly to any reasonable request for information made by the FCA or law enforcement authorities;
* Liaising with the FCA, NCA and other external agencies;
* Ensuring that anti-money laundering training is provided, its standards and scope are appropriate and that records are kept;
* Reporting to the Board on at least an annual basis (via the MLRO Report) and keeping the Senior Management updated on money laundering issues;
* Obtaining and using national and international findings, for example the findings of the FATF, IMF and World Bank to drive a robust culture;
* Appointing a Deputy MLRO to cover the MLRO’s periods of absence;
* Ensuring that client and transaction monitoring is being undertaken;
* Assessing the risks of the Company’s client base and business activities in relation to money laundering on an on-going basis;
* Ensuring the Company’s policies and procedures are communicated effectively to all relevant employees;
* On an on-going basis, the MLRO reviewing the Company’s business activities
EXPERIENCE REQUIRED:
* Derivatives background/knowledge
* SMF16 experience ideally from brokerage / derivative markets firm
* Maintain knowledge and awareness of the wide-scale regulatory issues that affect the Company and the industry;
* Maintain effective oral and written communication including detailed reports and other material of a technical and/or complex nature where appropriate;
* Develop knowledge regarding the position of the Company in the industry and in the overall political, economic and regulatory environment; and
* Maintain comprehensive regulatory knowledge of products and services in own areas of responsibility.
For further information please contact Hannah Tabatabai #J-18808-Ljbffr