Assignments

HEAD OF RISK & COMPLIANCE – SPANISH BANKING OR PAYMENT SERVICES RISK EXPERIENCE REQUIRED

Ref: 3944U

€80K-€100K + Bonus & Benefits                                                                                   Madrid

Our client, an international payment services company, are seeking a Head of Risk & Compliance for their newly authorised Spanish branch. Working with the separate MLRO, duties will include;

• Monitor and assess the adequacy and effectiveness of the measures and procedures put in place and designed to detect any risk of failure by the Company to comply with legislative requirements as well as the associated risks.
• Ensure that adequate measures and procedures are in place for minimizing such risks.
• Perform risk assessments to understand risk level, significance and scope.
• Investigate irregularities and non- compliance procedures, regulations and the impact of non- compliance.
• Ensure that the interests of the payment service users are protected, with emphasis to be placed in the safeguarding of their funds and the transparency of the information provided to them in relation to the execution of payment transactions.
• Submit annual reports to the Board of Directors over the activities of the Compliance Function, with particular consideration on the appropriate remedial measures that have been taken in the event of any deficiencies.
• Report to the management body, on at least annual basis, on the implementation and effectiveness of the overall control environment for investment services and activities, on the risks that have been identified and, on the complaints – handling reporting as well as remedies undertaken or to be undertaken.
• Monitor industry compliance laws to ensure internal policies are in place and in compliance with current legislation.
• High level risk responsibilities include;
  • Strategic Risk
  • Reputational Risk
  • Operational Risk
  • Competition and Market Risk
• Day to day risk duties include;
  • Foreign Exchange Risk
  • Credit Risk
  • Liquidity Risk
  • Settlement Risk
  • Counterparty Risk

You should have previous senior Risk experience in Banking or Payments Services in Spain (with knowledge of relevant Bank of Spain regulations and the Compliance duties as above) as well as a very good command of English & fluent Spanish. Great opportunity to set up and run your own department.

Please send your CV in ENGLISH to info@compliancerecruitment.es (including a contact no) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstance are your details ever passed on without your specific permission).

COMPLIANCE CONSULTANT – FUNDS EXPERIENCE AND 1940 ACT KNOWLEDGE REQUIRED

Ref: 3942G3

$120K – $180K + Bonus + Benefits                                                                                 New York City

Our Client, a growing and dynamic regulatory consulting firm based in New York and London, are looking to hire two experienced compliance professionals to join their New York Regulatory Consulting team. Managing your own Client Portfolio and acting as the primary compliance resource for those retained client relationships, your focus will be on the SEC and NFA regulatory requirements for investment advisers to private funds and separately managed account clients.

Reporting to the MD of the New York Office whilst also partnering with UK team members for work based out of the Group’s London office , responsibilities will include:

• Ownership of a portfolio of retained clients and providing ongoing strategic compliance advice and resolutions to complex questions involving more than one regulator
• Providing client deliverables in a timely manner, including quarterly monitoring reviews and reports

• Setting up the compliance infrastructure for clients, including policies and procedures and monitoring programs
• Registering firms with the SEC and CFTC/NFA
• Assisting with annual compliance reviews and regulatory mock audits
• Performing forensic testing – electronic communications, trading, social media, etc.

The successful candidates must have between 2 and 6 years’ experience gained within a similar compliance consultancy/law firm, an in-house role with an asset manager or else with a Regulator, including experience  of the private fund space (hedge, private equity, real estate, etc). You must also have both a working knowledge of the Investment Advisers Act of 1940 and regulation relevant to investment advisers, as well as knowledge of the NFA rules and CFTC regulations relevant to investment managers.

This is a fantastic opportunity to join an independent compliance consultancy that has grown extensively and organically over the past 2 decades and who continues to add the top compliance talent to their ranks. 

So, if you have an interest in working with clients regulated in multiple jurisdictions and believe that you have the regulatory knowledge and client facing skills to be a successful Compliance Consultant then please send your details to Gary Collins gary@symescollinstg.wpengine.com (Including a contact number & email) however please note we cannot reply to all applications, so only successful applications will be contacted (although under no circumstances are your details ever passed on without your specific permission).

COMPLIANCE CONSULTANCY DIRECTOR LEVEL ROLE – PAYMENTS SERVICES EXP (FROM A REGULATOR OR CONSULTANCY) REQUIRED

 Ref: 3904D2

 £120K + bonus & benefits                                                                         Hybrid (London)

We are recruiting for a leading independent compliance consultancy now looking to augment their  team. Duties will include;

• Assisting or leading on Authorisations & Variation of Permissions
• Review of client’s procedures & systems
• Helping prepare tender proposals and attending tender meetings with prospective new clients 
• Remediation work when needed
• Providing strategic compliance advice, anticipating the regulatory compliance needs of clients
• Provide resolutions for complex regulatory questions and issues
• Setting up compliance infrastructure for clients
• Undertaking compliance projects, monitoring reviews, and drafting compliance monitoring reports
• Understanding and updating clients on regulatory change and how it impacts their business

You should have a good technical knowledge of the Payments Services Regulations whether gained at the Regulator (likely to have been in an Authorisations, Policy or Supervision role) or in a similar role at another specialist Consultancy. 

NB although the role is not about business development/sales you do need an engaging personality both to help maintain existing client relationships as well as fit well into the friendly professional team.

So, if that sounds like you, then please send your details to our MD, David Symes FCA, at david@compliancerecruitment.com (including a contact no) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstances are your details ever passed on without your specific permission).

 Compliance Recruitment Solutions Limited (CRS) are acting as an employment agency in relation to this role. The recruiter has stated that all applicants for this job should be able to prove that they are legally entitled to work in the UK. Through application, all candidates signify their acceptance of the above information and confirm that the information they provide is true and accurate to the best of their knowledge.