Compliance Manager

Role Description

The objective of the Compliance team is to deliver, coordinate and continuously develop an effective compliance management framework that provides the tools to enable FNZ to identify, assess, control and monitor conduct and regulatory risk and through that framework manage risk within the appetite of the business, our clients and regulators.

The Compliance Manager works in the second line of defence and brings both experience and knowledge of regulatory requirements in respect of MiFID, AML and GDPR. Their practical experience and achievements in similar roles will demonstrate their ability to provide oversight of the regulatory risk environment and their ability to challenge the business across the core elements of the compliance management framework. While FNZ is technology business, the role requires wider FS industry experience, ideally within a fast-paced regulated environment with exposure to MiFID regulations.

The role will support the implementation and maintenance of the Compliance Management Framework to support FNZ’s business plan and the regulatory environment it operates in. This includes provision of oversight of the application of regulatory compliance policies and procedures, executing the compliance monitoring plan, monitoring, and reporting on compliance with MiFID, AML, Financial Crime and GDPR regulations.

The duties and responsibilities of this role will include the following:

Compliance Oversight:

• Ensure there are appropriate regulatory controls in place within FNZ (Europe) DAC to establish and maintain FNZ (Europe) DAC’s compliance with regulatory requirements including conduct obligations.

• Ensure that an annual risk-based compliance assessment and monitoring plan is carried out for FNZ (Europe) DAC.

• Ensure regulatory reporting to regulatory authorities on behalf of FNZ (Europe) DAC is timely and accurate.

• Ensure compliance training is provided to FNZ (Europe) DAC employees.

• Ensure that conflicts of interest have been identified and where possible mitigated and ensure that there is a regular review of conflicts of interest.

• Report to FNZ (Europe) DAC Head of Compliance on compliance with FNZ (Europe) DAC’s regulatory requirements.

AML / Financial Crime:

Overseeing / carrying out / producing / reviewing (as applicable) the following:

• Annual review of the Anti-Money Laundering Policy and supporting procedures and templates to ensure it remains compliant with current applicable Anti Money Laundering Regulations.

• Review and sign off anti-money laundering / PEP and Sanctions checks on FNZ (Europe) DAC’s clients and, where applicable, other FNZ companies carrying out contractual activities in the EU.

• Annual risk assessment of FNZ (Europe) DAC’s money laundering risk.

• Adequate money laundering, PEP and Sanction training carried out within FNZ (Europe) DAC including an annual review of FNZ produced training materials.

• Horizon monitoring for any regulatory changes connected with applicable anti money laundering regulations and ensuring those changes are incorporated into the policy, supporting procedures, templates, and training materials.

• Investigation into any reports of suspicious transactions made to the MLRO and ensuring any necessary reports in connection with FNZ (Europe) DAC’s own AML obligations are made to the relevant agencies.

• AML, PEP and Sanction consultancy to FNZ (Europe) DAC’s employees.

• Annual review of Policies and procedures in place to assist in the prevention of Financial Crime.

• Provide second line of defence monitoring of Financial Crime controls.

Experience Required

• In-depth knowledge of the European financial services and regulatory framework MiFID II, AML/CJA, and CBI Regulations.

• 5-10 years’ experience working at a senior level within a regulated environment

• Working knowledge of operational processes of MiFID or fund administrator firms (i.e., asset servicing, investment operations processes).

• Excellent communication, relationship management and influencing skills.

• Presentation skills and training / coaching experience.

• Ability to understand and articulate the commercial benefits of effective compliance management.

• Ability to build and maintain effective internal and external relationships.

• Ability to analyse, present and report risk management information to senior stakeholders.

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About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.