Overview
Head of Compliance (PAM) at Progeny — lead, oversee and manage the day-to-day compliance and operational aspects of Progeny Asset Management, ensuring regulatory risks are appropriately managed. As a senior compliance professional you will lead on industry standards and improve and monitor regulatory controls, maintaining a culture of high-quality client outcomes. You will support the implementation of a scalable compliance oversight and governance structure in line with best practices in the investment management industry.
Key Responsibilities
* Provide assurance and advice on regulatory risks to the CRO, and other executive, senior management teams, committees and their members as necessary.
* Develop and maintain regulatory compliance policies and procedures, including the Progeny Asset Management compliance manual, to ensure the highest standards in line with investment management regulatory obligations and expectations, including but not limited to MiFID, GDPR, SMCR, ALMD, CASS and Consumer Duty.
* Assist in providing compliance advice, guidance and direction to PAM business on the legislative and regulatory requirements and impact of these requirements, as well as regulatory change and ensuring application and control mechanisms are understood and consistently embedded.
* Assist in providing 2nd line challenge and oversight to PAM investment teams, including performing pre- and post-trade surveillance and investment mandate adherence.
* Assist in the development and maintenance of investment compliance systems and monitoring process.
* Review and challenge best execution and transaction reporting.
* Form part of the review and approval process in respect of financial promotions issued by PAM.
* Maintain a compliance calendar and ensure regulatory reports are submitted timely and accurately.
* Liaise with ACD to ensure compliance with fund manufacturer obligations.
* Liaise with the chosen Custodian where appropriate, to ensure compliance with Investment Manager obligations.
* Identify, monitor, assess and oversee risk, feeding into Progeny’s group risk frameworks as necessary.
* Identify, monitor, assess and oversee risks and associated risks relating to the MGTS Progeny Funds and maintain a fund risk dashboard. Ensuring these are embedded.
* Liaise with PII and provide any required details in a timely manner to ensure continuation of PII cover.
* Ensure that all incidents and breaches are captured, assessed and effectively addressed. Submit reports to the ACD, the regulator or appropriate authorities where necessary. Ensure that compensation, where required, is paid as appropriate and that effective remedial action is taken to prevent recurrence.
* Lead on the production and presentation of compliance reports and compliance MI to the relevant PAM boards and committees.
* Maintain PAM’s conflict of interest register. Ensure effective controls to mitigate conflicts are in place.
* Maintain appropriate PA Dealing, Inducement and Gifts & Hospitality logs.
* Provide training to the PAM business in key areas of compliance and market abuse.
* Support HR with annual F&P checks and maintenance of the FCA directory for all certified staff. Also support with FCA SMF applications, where required.
* Support the MLRO in financial crime monitoring, including the oversight and delivery of the annual MLRO report.
* Support the due diligence required on third-party suppliers and third-party intermediaries.
* Support all business initiatives as requested by CRO and Senior Management.
* Lead, manage and support the UK Progeny Asset Management Compliance team so that they can effectively discharge their duties with care, skill and diligence.
* Organise business workflows effectively in order to meet regulatory and business obligations and objectives, both timely and of a high standard.
* Encourage good risk management processes. Fostering a risk-aware culture and acts as a business enabler through which management feels empowered to take risks in a manner that is transparent and that is in line with the business and risk strategy.
* Any other task that may be required by the CRO, commensurate with the role.
Leadership Responsibilities And Accountabilities
* Contributing to long-term goals around developing the business, and possess excellent judgement to balance commercial and compliance risks to achieve positive outcomes for the firm and its clients.
* Positively advocate the business, its vision and values as a Company-wide representative of Progeny.
* Contribute to and participate in Progeny Asset Management senior management team meetings when required.
* Fully utilise all available MI to help inform decision-making and feed back relevant information to the respective teams.
* Consult with the Fund Investment Committee when appropriate.
* Ensure appropriate systems and controls are in place to achieve the company’s strategic goals and protect its clients and those of distributors.
* Oversee the operational running of all UK branches of Progeny Asset Management to ensure compliance, highlighting any significant issues/risks to the CRO.
Skills, Knowledge, And Expertise
* Investment Management Compliance qualification preferred
* Substantive experience within an investment management compliance role, including discretionary investment management and investment funds.
* Previous experience within a regulatory environment is essential.
* Demonstrable experience of leading teams and providing strategic direction.
* Previously held regulatory compliance permissions is an advantage.
* Excellent understanding and knowledge of all relevant regulatory rules, in particular, MIFID, FCA COLL, PROD and Consumer Duty rules.
* Detailed understanding of Investment Management and Fund Manufacturing processes, and have the ability to quickly absorb compliance policies and operating procedures.
* Knowledge and experience of retail distribution of investment products, both in the advised and non-advised space in the UK.
* Good working knowledge of data protection legislation, AML and Countering Terrorist Financing obligations and CASS.
* Ability to build and maintain excellent stakeholder relationships with all parts of the business and deal with confidential matters with discretion and tact.
* Flexible and responsive with the ability to manage workloads and that of the team, and have the ability to work well and efficiently under pressure.
* Be a role model with a strong ability to lead, inspire, motivate and manage UK Compliance teams, ensuring their continuous professional development
* Exceptional communication skills with the ability to adapt and tailor information to the audience and present complex information in an accessible form.
* Strong ability to influence and negotiate where appropriate including up to the Executive level.
* Ability to work with minimal or no supervision and maintain team engagement and productivity in challenging situations.
* Ability to work both independently and collaboratively with other colleagues and leaders, demonstrating strong interpersonal skills and a willingness to learn and share information and best practices.
* Maintains the highest professional standards to ensure that the firm is not in a position of risk.
We may close this vacancy early if we receive sufficient applications. Therefore, if you are interested, please submit your application as early as possible.
Benefits
* 30 days holiday plus public holidays
* 3 days of celebratory leave (to be used for your birthday, wellbeing, volunteering, or other celebratory events important to you.
* Private medical insurance, 24/7 digital GP and health advice
* Employee assistance programme providing support for your mental and physical health
* Group pension scheme
* Life assurance scheme
* Eyecare vouchers
* Enhanced family leave
* Referral scheme
About Progeny
We create, enhance, and preserve wealth. We are the first and only firm in the UK to bring together independent financial planning, asset management, tax, HR, and private and corporate legal services. We are forward-thinking and tech-driven, using technology to eliminate paperwork, improve communications, and enrich the relationship between client and adviser. At Progeny, we believe that we all have the power to make good things happen. We want to use our success as a catalyst for making real change. We created the Progeny Foundation to support local charities such as Zarach. We are the proud winners of the Yorkshire Financial Awards 2024 Best Employer award for the third year running.
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