Our client, a City-based Multi Asset fund manager, is seeking a Compliance Monitoring candidate for their next opportunity. The business manages over £15 billion in assets and employs approximately 200 staff in the UK. The successful candidate will lead the Compliance Monitoring team, oversee the risk-based Compliance Monitoring Plan across various entities, ensure adherence to FCA rules and fund governance, and provide oversight and challenge to the first line and outsourced providers. Availability to start within 2 to 8 weeks is required.
Core Responsibilities
* Design and execute the annual risk-based monitoring plan covering fund governance and firm-wide conduct, including portfolio compliance, valuation & pricing controls, dealing & best execution, trade surveillance, financial promotions, inducements/research, and distribution/PROD.
* Oversee ACD/AFM activities: monitor depositary interactions, outsourced administrator/registrar performance, and escalate issues to AFM Boards.
* Conduct thematic reviews on Consumer Duty outcomes, target market & product governance, costs/charges, and vulnerable customers; track actions to closure.
* Implement fund-specific controls such as liquidity risk management, errors & breaches registers, incident RCA, remediation, and client communications approval.
* Review KIIDs/KIDs/PRIIPs, marketing materials, and website disclosures for accuracy and approval; sample testing of RFPs and fund factsheets.
* Prepare MI & reporting for AFM/Group Risk & Compliance Committees and Boards; contribute to annual plans and regulatory engagement.
* Manage and develop the monitoring team; maintain methodology, workpapers, CMP documentation; coach the first line; support whistleblowing and surveillance activities.
Monitoring/Surveillance exposures include:
* Market Abuse Trade Surveillance
* Electronic Communications Surveillance
* Personal Account Dealing
* Order Execution, Allocation, and Aggregation
* Financial Crime
* Disclosure and Transparency Reporting and Takeover Panel notifications
* Support to Compliance Advisory Team in areas such as Market Soundings, Restricted Lists, Investment Mandates, and Issuer Enquiries
Experience & Skills
* Senior compliance monitoring/assurance experience within an asset management environment, with confidence in challenging portfolio managers and operations.
* Leadership experience, including hiring, coaching, and quality assurance of reviews.
* Deep knowledge of COLL, FUND/AIFMD, UCITS, COBS, MAR, PROD, and Consumer Duty regulations; proven ability to develop risk-based plans and follow through on actions.
* Experience with outsourcing oversight, depositary liaison, and board reporting.
* Strong analytical skills and report writing capabilities.
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