• 15 December 2008
• Reference: JR205493

• Investment Compliance Consultant - PART TIME (4 Days)

• City of London £50,000 - £60,000 p/a Permanent

Our client is a leading Private Client Asset Manager
Objective:
To implement the risk-based compliance monitoring programme and the handling of day to day compliance queries and documentation.

Main Duties and Responsibilities:
To advise on investment compliance and regulatory issues and handle day to day queries
To manage the prompt, efficient and fair handling of complaints in accordance with complaint handling procedures.
To review and approve financial promotions.
To approve changes to standard customer agreements.
To handle money laundering queries and referrals, referring to the Head of Compliance as necessary.
To review and follow up specific compliance monitoring exercises.
To undertake personally higher level monitoring in key risk areas.
To supervise the investigation of complex rule breaches and errors and review remedial action suggested by the Compliance Co-ordinator; to oversee the calculation and payment of any compensation.
To assist the Head of Compliance to review the compliance registers (eg Rule breaches, PA dealing and complaints), identifying any worrying trends and suggesting remedial action as necessary.
To assist in interpreting new Rules, guidance and regulatory requirements.
To assist in the delivery of compliance training
To run compliance clinics and review risk/compliance issues with individual line managers on a regular basis.
To monitor, and advise on, PA dealing.
To assist in the update of the Compliance Manual.
To represent at APCIMS and other external Compliance discussion groups, as required.
To report promptly to Money Laundering Reporting Officer any known or suspected money laundering activities by clients or prospects (or by the person on whose behalf the client/prospect is acting).

To act in accordance with operating and compliance procedures at all times and to bring any potential or actual breaches to the immediate attention of the Head of Compliance.

Job specific competencies relating to the role of Investment Compliance Consultant

Technical - Skills specific to the role of Investment Compliance Consultant
Thoroughly conversant with the FSA Rules and associated guidance, the approach of the Financial Ombudsman Service and EU Directives affecting the financial services industry, specifically as these relate to investment compliance
Keeps abreast of the FSA's current thinking and its requirements and expectations regarding investment compliance in an investment management business
Regarded as an investment compliance 'expert' for firm

Analytical and Reasoning - The ability to define, process and solve work related problems
Understands complex business and regulatory concepts and is able to anticipate and identify key issues and problems and bring them to the attention of the Head of Compliance, as necessary
Can question and probe to get to the crux of an issue quickly and accurately
Develops recommendations based on detailed research and analysis combined with a thorough understanding of both the regulatory obligations and commercial context

Commercial Awareness - Understanding how the company operates, its services, markets and strategy; the ability to think and act commercially
Has a thorough understanding of the commercial strategy and ensures that her work complements and supports it
Ensures that the work undertaken is done to a consistently excellent standard
Is able to provide advice and devise effective control processes and monitoring activities to ensure that Principal's exposure to regulatory and operational risk is minimised

Personal Impact - The ability to project and present a professional image and communicate effectively
Has clear and effective verbal and written communication skills and is able to present

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Keywords related to this job

• Compliance,
• Investment / Trade Compliance,
• City of London,
• Permanent,
• Asset/ Investment Management,
• Investment