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Compliance Manager - Financial

  • Location: Aberdeen
  • Job type: Contract
  • Sector: Analyst, Audit and Compliance
  • Date posted: 01/11/2017
  • Job reference: VR/43165
Our client is a Financial Services Company based in Aberdeen and are looking for a Compliance Manager to join their busy team for a period of 6 months.

Due to the nature of the role, suitable candidates will reside in, or near, Aberdeen, UK.

Role definition:
1) The objective of the role is to play a key role in the oversight and leadership of the UK Compliance Department with the objective of managing regulatory risks in accordance with the Groups Risk Appetite Statement. Specifically, the Compliance function aims to provide a high degree of assurance that the Group meet its regulatory obligations in each applicable jurisdiction.
2) The Compliance Department operates within the clients second line of defence, as part of the wider Risk Division.
3) Specifically, the purpose of the role is to provide global oversight of the major shareholding process to ensure that the Group make all necessary disclosures and obtain all necessary approvals from regulators or government authorities for the investments that we make on behalf of clients.
4) These requirements include major shareholding disclosure regimes, takeover panel requirements, Change of Control regime, additional industry specific requirements and additional issuer specific thresholds.

Duties & responsibilities:
1) Liaison with Global Compliance teams to ensure that common standards are being applied to monitoring and making disclosures and that the needs of the different jurisdictions are understood.
2) To consider the best model for fulfilling our regulatory obligations across the globe.
3) To put in place and chair appropriate forums to discuss and review issues relating to major shareholding globally.
4) To oversee and input into the implementation of the new system including ensuring post implementation global processes and standards are adopted.
5) Following implementation, global oversight of the system.
6) To work in partnership with the Global Compliance Team and Business System teams to improve processes and procedures in order to mitigate regulatory risk including, where possible, anticipating in advance reporting requirements and therefore not impeding business activity.
7) To ensure compliance with the major shareholding requirements in EMEA regions and oversight of team including calculating and tracking positions, regularly reviewing and updating threshold limits from legal/regulatory sources, proactively escalating impending threshold limits and seeking and interpreting legal advice where necessary.
8) As required, to prepare reports for management giving independent and objective assurance on adherence to global major shareholding disclosure thresholds and on the effectiveness of actual or proposed controls in place.
9) To participate in the Global Compliance Team's assessment of changes to the major shareholding regulatory regime, ensuring that the impact of the change is understood by the business and that a plan is formulated in respect of any necessary changes to processes, procedures and controls.
10) To be aware of and provide advice to the business when dealing in new products or instruments which may impact reporting.
11) This is particularly important when stances as a group change - for example, in relation to Short Selling.
12) Ensure Global Policies are documented for ensuring effective and common standards for overseeing major shareholdings.
13) To lead, motivate, and develop Compliance staff by appropriate delegation, training and appraisals to ensure they fulfil their professional potential and provide skilled and high quality regulatory advice to the business.
14) Support to Head of Global Major Share Disclosure

Experience and qualifications:
1) Compliance, Accounting or Legal background advantageous.
2) Advanced Excel Skills
3) Management Experience
4) Regulatory Exams including IOC/IMC

Skills/knowledge:
1) Knowledge of the DTR Rules in the UK
2) Business systems knowledge
3) Effective Communication Skills
4) Analytical
5) Detailed Financial Services Knowledge and in particular of different types of financial instruments
6) Knowledge of Asset Classes